Hotel Newgrand Co. Ltd. reported earnings results for the year ended November 30, 2019. For the year, the company reported net sales of ¥5,124 million compared to ¥5,117 million a year ago. Operating loss was ¥11 million compared to profit of ¥30 million a year ago. Loss was ¥44 million or ¥37.89 per basic share compared to ¥35 million or ¥31.10 per basic share a year ago.

For the six months ending May 2020, the company expects net sales of ¥2,500 million, operating loss of ¥100 million, loss of ¥103 million or ¥87.64 per basic share.

For the year ending November 2020, the company expects net sales of ¥5,300 million, operating profit of ¥30 million, profit of ¥17 million or ¥14.46 per basic share.