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Daiwa to exit hotel business, book ¥1 billion loss in 2027 results

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  • Daiwa will transfer Kanazawa New Grand Hotel and related loan receivables to a hotel group affiliate.
  • ¥1 billion is the expected extraordinary loss in Daiwa's fiscal 2027 consolidated results.
  • NGH reported ¥1.23 billion revenue, ¥9 million operating profit, and negative ¥2.34 billion net assets.
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