Hotel Newgrand Co.,Ltd. reported consolidated earnings results for the third quarter ended August 2019. For the quarter, the company reported net sales of JPY 3,714 million compared to JPY 3,611 million a year ago. Operating loss was JPY 96 million compared to JPY 149 million a year ago. Ordinary loss was JPY 103 million compared to JPY 154 million a year ago. Loss was JPY 147 million compared to JPY 208 million a year ago. Basic and diluted loss per share was JPY 125.85 compared to JPY 186.09 a year ago.

The company provided earnings guidance for the fourth quarter ending November 30, 2019. For the period, the company expects net sales to be of JPY 5,360 million. Operating profit to be JPY 50 million. Ordinary profit to be JPY 40 million. Loss to be JPY 36 million. Basic earnings per share to be JPY 30.64.