Shinwa WISE Holdings REPORTS THIRD QUARTER LOSS, REVISES FULL-YEAR OUTLOOK

SHINWA WISE HOLDINGS CO.,LTD. [2437.T]

TOKYO, Apr 13 (Pulse News Wire) – Shinwa Wise Holdings CO.,LTD. (2437.T) reported a lower net profit of ¥284.2 million for the third quarter ending February 28, 2026, compared to a profit of ¥43 million in the same period last year.

Revenue was ¥998 million from ¥1.489 billion year-over-year. The company's auction segments showed mixed results, with contemporary art auctions experiencing a significant increase in average bid prices despite lower sales volumes. However, jewelry and watch auctions saw declines in both sales volume and average bid price. Overall, the company’s lower operating profit was ¥252.6 million, down from an operating profit of ¥27 million in the prior year.

For the full fiscal year ending May 31, 2026, SHINWA WISE HOLDINGS revised its outlook due to ongoing challenges in several business units. The company now expects a revenue of ¥1.489 billion, with a projected lower operating profit of ¥22 million and a lower net profit of ¥55 million per share. Additionally, the company noted a reduction in total assets and equity, primarily attributed to decreased cash reserves and inventory levels. The board did not announce any dividend payments for the foreseeable future.

Original Disclosure (PDF)

🟢 Confidence: High AI-translated content.