Hotel Newgrand Co.,Ltd. Reports Earnings Results for the Year Ended November 2016; Provides Earnings Guidance for the Six Months Ending May 2017; Provides Earnings Guidance for the Year Ending November 2017; Provides Dividend Guidance for the Year Ending November 2017, Payable on February 24, 2017
January 13, 2017 at 01:00 pm EST
Share
Hotel Newgrand Co.,Ltd. reported earnings results for the year ended November 2016. For the year, the company reported net sales of ¥4,484 million against ¥5,464 million a year ago. Operating loss was ¥597 million against operating income of ¥48 million a year ago. Ordinary loss was ¥601 million against ordinary income of ¥45 million a year ago. Loss was ¥940 million or ¥810.22 per basic share against profit of ¥74 million or ¥63.96 per basic share a year ago. Return on equity negative was 12.5% against return on equity of 0.9% a year ago. Net cash used in operating activities was ¥786 million against net cash flows from operating activities of ¥791 million a year ago.
For the year ending November 2017, the company expects to pay dividend of ¥25.00 against ¥25.00 per share a year ago. The dividend will be payable on February 24, 2017.
For the year ending November 2017, the company expects net sales of ¥5,500 million, operating income of ¥22 million, ordinary income of ¥18 million, profit of ¥12 million or ¥10.34 per basic share.
For the six months ending May 2017, the company expects net sales of ¥2,629 million, operating income of ¥3 million, ordinary income of ¥2 million, profit of ¥1 million or ¥1.21 per basic share.
HOTEL NEWGRAND CO., LTD. is a Japan-based company principally engaged in the operation of hotels and bars, and the leasing of real estate. The Company operates in two business segments. The Hotel segment is engaged in the operation of accommodation facilities and beverage service facilities including weddings and parties, as well as the operation of restaurants in Takashimaya and Sogo in Yokohama. The Real Estate Leasing segment is engaged in the leasing and management of office buildings.
Hotel Newgrand Co.,Ltd. Reports Earnings Results for the Year Ended November 2016; Provides Earnings Guidance for the Six Months Ending May 2017; Provides Earnings Guidance for the Year Ending November 2017; Provides Dividend Guidance for the Year Ending November 2017, Payable on February 24, 2017