Hotel Newgrand Co.,Ltd. provided earnings guidance for the six months ending May 31, 2023. For the period, the company expects net sales of JPY 2,478 million, operating profit of JPY 30 million, profit of JPY 16 million or JPY 13.65 per basic share.

For the year ending November 30, 2023, the company expects net sales of JPY 5,060 million, operating profit of JPY 105 million, profit of JPY 75 million or JPY 63.90 per basic share.