Shinwa Art <2437.OJ>-2008/09 parent forecast

Mon Jun 29, 2009 2:30am EDT 

   June 29 (Reuters) -
             SHINWA ART AUCTION CO LTD
             PARENT-ONLY EARNINGS ESTIMATES
 (in billions of yen unless specified)
             Full year to     Full year to
             May 31,2009      May 31,2009
             LATEST           PREVIOUS
             FORECAST         FORECAST
 Sales              1.08             1.05   
 Operating      loss 198 mln     loss 148 mln
 Recurring      loss 191 mln     loss 146 mln
 Net            loss 279 mln     loss 149 mln
 NOTE - Shinwa Art Auction Co Ltd is a major auction
house..  
 For latest earnings estimates made by Toyo Keizai, please
double click on 2437.TK1.
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