SHINWA WISE HOLDINGS CO.,LTD. [2437.T]
TOKYO, Apr 27 (Pulse News Wire) – Shinwa Wise Holdings CO.,LTD. (2437.T) reported the results of its recent special auction titled “North Road Lu Shangren,” held on April 23, 2026.
The auction, organized by its subsidiary Shinwa Auction Co., Ltd., featured works and items associated with renowned artist North Road Lu Shangren collected over decades by a single collector. The auction achieved significant success, with all 402 items offered being sold, resulting in total bids inclusive of fees amounting to ¥683.6 million. The bid fees alone contributed to the revenue, totaling ¥89.2 million.
This inaugural disclosure marks the beginning of regular reporting on auction outcomes conducted by subsidiaries Shinwa Auction Co., Ltd. and Ai Art Co., Ltd., reflecting the company's commitment to enhancing investor information. The proceeds from this auction are expected to impact the group’s fiscal 2026 May term consolidated operating profit, though there are currently no changes to previously disclosed annual consolidated earnings forecasts.
Any future adjustments will be communicated promptly.
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