Shinwa Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending February 28, 2023 and Fiscal Year Ending August 31, 2023
January 16, 2023 at 02:00 am EST
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Shinwa Co., Ltd. provided consolidated earnings guidance for the six months ending February 28, 2023 and fiscal year ending August 31, 2023. For the six months the company expects net sales of JPY 38,179 million, operating profit of JPY 2,420 million, profit attributable to owners of parent of JPY 1,708 million and basic earnings per share of JPY 127.81.
For the full year, the company expects net sales of JPY 73,000 million, operating profit of JPY 4,200 million, profit attributable to owners of parent of JPY 3,000 million and basic earnings per share of JPY 224.48.
Shinwa Co Ltd is a Japan-based company engaged in the manufacture, sale and maintenance of production equipment and materials in the manufacturing industry. The Company operates in four regional segments. The Company is engaged in the sale of metal joints, industrial equipment, factory automation (FA) system related products, the provision of cover welding and spraying services, soldering services and maintenance works, the manufacture and sale of FA systems, as well as the logistics business, the real estate management business, the insurance agency business, and the manufacture and sale of resin products. The Company operates within the domestic market and to overseas markets, including the United States, Southeast Asia and China.
SHINWA CO., LTD. 
