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.