Contents of this document
- Inventory valuation loss¥-58 million
- Launch of an art finance business centered on art-backed loans
- Establishment of an Art Finance division and registration as a money-lending business
- Introduction of AI-based appraisals
- Implementation and external provision of blockchain-based authenticity certification, “Shinwa Cert.”
- Expansion of the Collective business into other markets and discussions on partnerships with leading overseas houses
- Fiscal yearFY2027Net Sales¥2,335 millionOperating profit¥150 million
- Fiscal yearFY2028Net Sales¥3,000 millionOperating profit¥300 millionOperating profit margin10 %
- Fiscal yearFY2029Net Sales¥4,000 millionOperating profit¥500 millionOperating profit margin12.5 %
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Full fiscal year ended May 2026 |
| Net Sales | ¥1,577 million (YoY -23.7%) |
| Operating profit | ¥-144 million |
| Ordinary income | ¥-161 million |
| Net income | ¥-237 million |
| Results for the three months of the current quarter | Operating profit (loss) ¥97 million / Operating profit/loss excluding inventory valuation losses ¥155 million |
| Full-year earnings forecast | Net Sales ¥2,312 million / Operating profit (loss) ¥80 million / Ordinary profit or loss ¥80 million / Net income (loss) ¥55 million |
| Breakdown of Factors Affecting the Change | Factors Inventory valuation loss / Amount ¥-58 million |
| Medium-term management plan targets | Fiscal year FY2027 / Net Sales ¥2,335 million / Operating profit ¥150 million, Fiscal year FY2028 / Net Sales ¥3,000 million / Operating profit ¥300 million / Operating profit margin 10 %, Fiscal year FY2029 / Net Sales ¥4,000 million / Operating profit ¥500 million / Operating profit margin 12.5 % |
| New initiatives | Launch of an art finance business centered on art-backed loans, Establishment of an Art Finance division and registration as a money-lending business, Introduction of AI-based appraisals, Implementation and external provision of blockchain-based authenticity certification, “Shinwa Cert.”, Expansion of the Collective business into other markets and discussions on partnerships with leading overseas houses |
Items this document does not state (20)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The auction business outperformed expectations in the fourth quarter, contributing to the return to profitability. The full-year operating loss includes ¥58 million in inventory valuation losses on long-held and other inventory items, based on individual assessments at period-end.