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HOTEL NEW GRAND rises on 24% increase in Q1 net profit, exceeding first-half guidance

Thu Apr 9, 2026 11:00 am JST Catalyst

HOTEL NEW GRAND <9720> is trading higher following the release of its first-quarter (December 2025?February 2026) standalone financial results after the market close on the 8th. The company reported sales of \1.72 billion (up 5.3% YoY), operating profit of \194 million (up 14.9% YoY), and net profit of \233 million (up 24.0% YoY). The positive market reaction reflects net profit coming in ahead of the first-half guidance of \188 million.

The core hotel business posted growth across all segments, including lodging, restaurants, and banquets, while the real estate leasing business also performed solidly. The company has left its full-year earnings forecast for the fiscal year ending November 2026 unchanged, projecting sales of \64.98 billion (down 0.5% YoY), operating profit of \1.6 billion (down 47.3% YoY), and net profit of \980 million (down 51.3% YoY).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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