Tokyo Chuo Auction Holdings Limited provided unaudited consolidated earnings guidance for the Group for the six months ended September 30, 2019. The board of directors of the company wishes to inform the shareholders of the company and potential investors that the Group is expected to record a profit for the six months ended September 30, 2019 as compared to a loss for the last corresponding period in 2018. The expected profit for the six months ended September 30, 2019 is mainly attributable to the increase in an aggregate hammer price which resulted in the increase in revenue; the decrease in administrative expenses due to the absence of the listing expense and other one-off nature expenses related to the listing; and the absence of loss from change in fair value of convertible notes, which were recorded in 2018, during the period under review.