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Updated · MarketWatch · May 11Shinwa reports higher FY2026 net profit and revenue
7 articles · Updated · MarketWatch · May 11
- For the year ended 31 March in Japan, net profit rose to Y1.72bn from Y975m and revenue increased to Y20.14bn from Y17.50bn.
- Operating profit climbed to Y2.49bn from Y1.62bn, while pretax profit rose to Y2.31bn from Y1.50bn.
- Earnings per share increased to Y126.24 from Y70.17, and the group said its results were prepared under IFRS accounting standards.
Is Shinwa's record profit a sign of true strength or just a temporary boost from a weak yen? With its new tech venture, will Shinwa's core art auction business be left behind? Can a luxury art auctioneer become a key player in Japan's competitive AI chip market?