Shinwa Co., Ltd. provided consolidated earnings guidance for the first half and full year of Fiscal Year Ending March 31, 2023. For the first half, the company expects revenue to be JPY 8,600 million, operating profit to be JPY 1,090 million, profit to be JPY 730 million and basic earnings per share to be JPY 52.53.

For the year, the company expects revenue to be JPY 17,000 million, operating profit to be JPY 2,200 million, profit to be JPY 1,465 million and basic earnings per share to be JPY 105.43.