NİRAKU GC HOLDİNGS ÑÎŘÅKU ĞČ HÓLDIÑĞŠ, ÍŃČ.× (Incorporated in Japan with limited liability 於日本註冊成立的有限公司) Stock Code 股份代號 : 1245 ＩＮＴＥＲＩＭ ＲＥＰ０ＲＴ 中 期 報 告 * For identification purpose only 匯供暖別 目錄 頁次 | --- | --- | |--------------------------|-------| | | | | 公司資料及投資者資訊 | | | 財務及營運摘要 | | | 管理層討論及分析 | | | 企業管治及其他資料 | | | 中期財務資料審閱報告 | | | 中期簡明綜合全面收益表 | | | 中期簡明綜合財務狀況表 | | | 中期簡明綜合權益變動表 | | | 中期簡明綜合現金流量表 | | | 簡明綜合中期財務資料附註 | | | | | 公司簡介 株式会社ニラク ▪ ジー ▪ シー ▪ ホールディングス NIRAKU GC HOLDINGS, INC. * 「 NIRAKU J 或 ｢本公司｣・香港股 ...

[Company Profile](index=3&type=section&id=Company%20Profile) NIRAKU GC HOLDINGS, INC. (HKEX: 1245) is a leading pachinko hall operator in Fukushima, Japan, with over sixty years of experience, operating 47 halls with over 28,100 machines - The company is a leading pachinko hall operator in Fukushima Prefecture, Japan, with **over sixty years of experience**[4](index=4&type=chunk) - The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited on **April 8, 2015**[4](index=4&type=chunk) Operating Data as of Report End | Metric | Quantity | | :--- | :--- | | Number of gaming halls | 47 halls | | Number of machines | Over 28,100 machines | | Coverage area | Ten prefectures in Japan | [Company Information and Investor Relations](index=4&type=section&id=Company%20Information%20and%20Investor%20Relations) This section provides essential company details, including board members, committee structures, key banking relationships, auditors, legal advisors, share registrars, and investor contact information - The Board of Directors includes Executive Directors (Mr Hisanori Taniguchi, Mr Akinori Oishi, Mr Masanori Watanabe), a Non-executive Director (Mr Hiroshi Bannai), and Independent Non-executive Directors (Mr Michio Minakata, Mr Yoshihiro Koizumi, Mr Kuraji Honda, Mr Akito Tanaka)[7](index=7&type=chunk) - Mr Michio Minakata chairs the Audit Committee, Mr Yoshihiro Koizumi chairs the Remuneration Committee, and Mr Hisanori Taniguchi chairs the Nomination Committee[7](index=7&type=chunk) - The company's stock code is **1245**, website is www.ngch.co.jp, and investor relations email is niraku@sprg.com.hk[7](index=7&type=chunk) [Financial and Operational Summary](index=5&type=section&id=Financial%20and%20Operational%20Summary) This section outlines the Group's financial performance and position for the fiscal year ended March 31, 2021, showing significant declines in total turnover and revenue, a shift from profit to loss, increased net current liabilities, and a higher gearing ratio FY2021 Key Financial and Operational Data (vs FY2020) | Metric | 2021 FY (million JPY) | 2020 FY (million JPY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Turnover | 94,414 | 139,053 | -32.0% | | Revenue from Pachinko and Pachislot Business | 16,883 | 25,007 | -32.5% | | Revenue | 18,541 | 28,046 | -33.9% | | (Loss)/Profit Before Income Tax | (8,502) | 581 | N/A (Turned to loss) | | (Loss)/Profit Attributable to Owners of the Company | (5,481) | 179 | N/A (Turned to loss) | | (Loss)/Earnings Per Share (JPY) | (4.58) | 0.150 | N/A (Turned to loss) | | Overall Revenue Yield | 17.9% | 18.0% | -0.1% | | Net (Loss)/Profit Margin | (30.2%) | (0.50%) | N/A (Loss widened) | FY2021 Statement of Financial Position Summary (vs FY2020) | Metric | 2021 FY (million JPY) | 2020 FY (million JPY) | | :--- | :--- | :--- | | Current Assets | 17,937 | 16,092 | | Current Liabilities | 23,805 | 11,179 | | Net Current (Liabilities)/Assets | (5,868) | 4,913 | | Total Assets | 77,491 | 81,158 | | Gearing Ratio | 1.69 | 1.30 | - Net current liabilities were **JPY5,868 million** in FY2021, compared to net current assets of **JPY4,913 million** in FY2020, with the current ratio decreasing from **1.44 to 0.75**[14](index=14&type=chunk) [Chairman's Statement](index=7&type=section&id=Chairman's%20Statement) The Chairman's Statement highlights the severe impact of the COVID-19 pandemic on the Group's pachinko and amusement businesses, detailing mitigation efforts and future strategies for sustainable growth - The COVID-19 pandemic led to a **32% decrease** in total turnover for the Japan pachinko business, with customer traffic recovering to approximately **80% of pre-pandemic levels**[19](index=19&type=chunk) - The Group closed **7 unprofitable** pachinko halls and opened one large new hall with **over 1,000 machines** to increase market share[22](index=22&type=chunk) - Southeast Asia amusement business revenue decreased by **39%** year-on-year, with **3 unprofitable branches closed** and **3 new branches opened in Vietnam** in preparation for pandemic recovery[23](index=23&type=chunk) - China restaurant business operations were suspended in **February 2020** due to COVID-19 and resumed in **2021**[24](index=24&type=chunk) - Hong Kong e-sports joint venture business was severely impacted by political changes and COVID-19, failing to host events, with plans to review and restructure its business model[24](index=24&type=chunk) - The Group's mid-term strategy focuses on increasing revenue and market share in its core pachinko business, investing in new halls and M&A, advancing digitalization, and exploring new business opportunities in Japan[27](index=27&type=chunk) - The Group adopted an Environmental, Social, and Governance (ESG) management declaration, prioritizing public interest and sustainable growth with stakeholders, focusing on profit allocation, long-term sustainable contribution, and bold new ventures[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the Group's FY2021 financial performance, primarily impacted by COVID-19, resulting in significant revenue declines across all segments and substantial impairment losses, leading to a net loss, with management implementing cost controls and capital structure adjustments - In FY2021, revenue from the pachinko and pachislot business decreased by **32.5%** year-on-year to **JPY16,883 million**, mainly due to hall closures, reduced customer traffic, and the closure of **7 unprofitable halls**[34](index=34&type=chunk) - Amusement business revenue decreased by **39%** year-on-year to **JPY1,015 million**, primarily affected by lockdowns and social distancing measures in Vietnam and Cambodia[38](index=38&type=chunk) - Other revenues (vending machines, hotels, restaurants) significantly declined due to the pandemic, with hotel occupancy at **41.7%** and restaurant business revenue down **66.4%**[39](index=39&type=chunk) - Gaming hall operating expenses decreased by **17.3%** year-on-year to **JPY17,571 million**, and administrative and other operating expenses significantly decreased by **40.0%** to **JPY3,393 million**, primarily due to cost control measures[42](index=42&type=chunk)[43](index=43&type=chunk) - Impairment losses on property, plant and equipment and right-of-use assets substantially increased to **JPY5,592 million** (FY2020: JPY676 million), mainly due to a significant decline in customer traffic caused by the pandemic[44](index=44&type=chunk) - For FY2021, the loss attributable to owners of the Company was **JPY5,481 million**, compared to a profit of **JPY179 million** in FY2020, with basic loss per share at **JPY4.58**[47](index=47&type=chunk)[50](index=50&type=chunk) - The Board of Directors resolved not to declare a final dividend[50](index=50&type=chunk) Capital Structure Summary (as of March 31) | Metric | 2021 FY (million JPY) | 2020 FY (million JPY) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 15,903 | 14,128 | | Bank Loans | 4,478 | 4,792 | | Syndicated Loans | 12,189 | 8,294 | | Lease Liabilities | 33,440 | 34,577 | | Working Capital | (5,868) | 4,913 | | Total Equity | 20,206 | 25,799 | | Gearing Ratio | 1.7 | 1.3 | - Net current liabilities were **JPY5,868 million** in FY2021, with a current ratio of **0.75**, compared to net current assets of **JPY4,913 million** and a current ratio of **1.44** in FY2020[57](index=57&type=chunk) - Total capital expenditure in FY2021 increased to **JPY4,234 million** from **JPY2,499 million** in FY2020, primarily for property, plant and equipment and right-of-use assets[62](index=62&type=chunk) - As of March 31, 2021, the carrying amount of pledged assets was **JPY10,571 million**, including property, plant and equipment, investment properties, and deposits and other receivables[65](index=65&type=chunk) - As of March 31, 2021, the Group had **1,717 employees**[69](index=69&type=chunk) [Corporate Governance Report](index=15&type=section&id=Corporate%20Governance%20Report) This report details the company's compliance with the HKEX Corporate Governance Code for FY2021, covering board structure, committee responsibilities, diversity policy, remuneration, auditor's fees, shareholder rights, and risk management, noting deviations in the Chairman/CEO role and AGM notice period

NİRAKU GC HOLDİNGS ÑIŘÅKU GČ HÓLDINGŠ, ÍŃČ.× (Incorporated in Japan with limited liability 於日本註冊成立的有限公司) Stock Code 股份代號 : 1245 2020/2021 INTERIM REPORT 中 期 報 告 * For identification purpose only 懂供藏別 目錄 頁次 公司簡介 2 | --- | --- | |--------------------------|-------| | | | | 公司資料及投資者資訊 | | | 財務及營運摘要 | | | 管理層討論及分析 | | | 企業管治及其他資料 | | | 中期財務資料審閱報告 | | | 中期簡明綜合全面收益表 | | | 中期簡明綜合財務狀況表 | | | 中期簡明綜合權益變動表 | | | 中期簡明綜合現金流量表 | | | 簡明綜合中期財務資料附註 | | | | | 公司簡介 株式会社ニラク ▪ ジー ▪ シー ▪ ホールディングス NIRAKU GC HOLDINGS, INC. * 「 NIR ...

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niraku NIRAKU GC HÓLDIÑGŠ, ÍÑČ.+ (Incorporated in Japan with limited liability 於日本註冊成立的有限公司) Stock Code 股份代號 : 1245 2019/2020 INTERIM REPORT · 中 期 報 告 * For identification purpose only 值供識別 目錄 頁次 | --- | --- | |--------------------------|-------| | | | | 公司簡介 | 2 | | 公司資料及投資者資訊 | 3 | | 財務及營運摘要 | 4 | | 管理層討論及分析 | 6 | | 企業管治及其他資料 | 14 | | 中期財務資料審閱報告 | 19 | | 簡明綜合全面收益表 | 21 | | 簡明綜合財務狀況表 | 22 | | 簡明綜合權益變動表 | 24 | | 簡明綜合現金流量表 | 25 | | 簡明綜合中期財務資料附註 | 27 | 公司簡介 株式会社ニラク ジー シー ホールディングス NIRAKU GC HOLDINGS, INC.*（「NI ...

( C niraku ÑIŘÅKU GČ HÓLDINGŠ, ÍŇČ.* (Incorporated in Japan with Iimited Iiability 於日本註冊成立的有限公司) Stock Code 股份代號：1245 | --- | --- | |-------|-------| | | | | | 2019 | 目錄 頁次 公司簡介 2 公司資料及投資者資訊 3 財務及營運摘要 4 主席報告 6 管理層討論及分析 10 企業管治報告 15 董事及高級管理層資料 24 董事會報告 27 獨立核數師報告 37 綜合全面收益表 43 綜合財務狀況表 44 綜合權益變動表 46 綜合現金流量表 47 綜合財務報表附註 48 公司簡介 株式会社ニラク ▪ ジー ▪ シー ▪ ホールディングス NIRAKU GC HOLDINGS, INC.* (「NIRAKU」或「本公司」 香港股份代號： 1245，連同其附屬公司統稱「本集團」為日本福島縣領先的日式彈珠機遊戲館運營商，於經營日式彈珠機遊戲館有逾 六十年經驗。本公司於二零一五年四月八日 (｢上市日期｣) 在香港聯合交易所有限公司 (｢聯交所｣) 主板 ...