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Hotel Newgrand Profits Nearly Double in Nine-Month Surge

Hotel Newgrand Co. Ltd. reported a significant financial jump for the nine-month period ending August 31, with net profit climbing to 450 million yen. This result marks a sharp increase from the 230 million yen recorded during the same period last year, signaling a robust recovery for the Japanese hospitality operator.

Hotel Newgrand Profits Nearly Double in Nine-Month Surge

Revenue for the company reached 5.07 billion yen, up from 4.75 billion yen in the previous year. Operating profit mirrored this upward trend, landing at 311 million yen compared to the 180 million yen reported in 2025. Pretax profit followed a similar trajectory, rising to 317 million yen from 154 million yen.

Earnings per share rose to 381.50 yen, nearly doubling the 195.09 yen reported last year. Despite these gains, the company maintained its dividend forecast, projecting an annual payout of 25 yen per share, consistent with the previous year’s distribution. These results are prepared in accordance with Japanese accounting standards.

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