Hotel New Grand Co. Ltd. Declares Dividend for the Year Ended November 2015, Payable on February 26, 2016; Provides Dividend Guidance for the Year Ending November 2016; Reports Earnings Results for the Year Ended November 30, 2015; Provides Earnings Guidance for the Period Ending May 2016 and November 2016
January 14, 2016 at 10:00 am
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Hotel New Grand Co. Ltd. declared dividend of JPY 25 per share for the year ended November 2015 compared to JPY 5 per share a year ago, payable on February 26, 2016.
For the year ending November 2016, the company expects dividend of JPY 25 per share.
The company reported earnings results for the year ended November 30, 2015. For the year, the company reports net sales of JPY 5,464 million against JPY 4,918 million a year ago. Operating income was JPY 48 million against operating loss of JPY 315 million a year ago. Ordinary income was JPY 45 million against ordinary loss of JPY 315 million a year ago. Net income was JPY 74 million or JPY 63.96 per share against net loss of JPY 253 million or JPY 218.28 per share a year ago. Cash inflow from operating activities was JPY 791 million against cash out flow from operating activities of JPY 87 million a year ago.
For the period ending November 2016, the company expects net sales of JPY 4,350 million, operating loss of JPY 960 million, ordinary loss of JPY 960 million and net loss of JPY 890 million or JPY 766.73 per share.
For the period ending May 2016, the company expects net sales of JPY 2,550 million, operating loss of JPY 240 million, ordinary loss of JPY 240 million and net loss of JPY 170 million or JPY 146.45 per 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 New Grand Co. Ltd. Declares Dividend for the Year Ended November 2015, Payable on February 26, 2016; Provides Dividend Guidance for the Year Ending November 2016; Reports Earnings Results for the Year Ended November 30, 2015; Provides Earnings Guidance for the Period Ending May 2016 and November 2016