Core Points - OKURA HOLDINGS (01655.HK) announced a total betting increase of approximately 2.2% to about 32.556 billion yen for the fiscal year 2025 [1] - The annual profit attributable to shareholders for fiscal year 2025 is expected to decrease by approximately 34.3% to about 1.342 billion yen [1] - Basic and diluted earnings per share for fiscal year 2025 are projected to be approximately 2.24 yen, compared to 3.41 yen for fiscal year 2024 [1] - The board of directors does not recommend the distribution of a final dividend for fiscal year 2025, consistent with fiscal year 2024 [1] Financial Overview - Total betting is defined as the total amount collected from customers renting pachinko balls and game tokens, primarily influenced by customer spending levels in the company's Japanese pachinko and slot machine game halls [1] - The accounting policy confirms that total betting is calculated after deducting consumption tax, which is set at 10% in Japan for fiscal year 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Okura Holdings Limited （於香港註冊成立的有限公司） （股份代號：01655） 截至2025年6月30日止年度 全年業績公告 財務摘要 附註： 以上百分比上升╱下跌指關於日圓（「日圓」）金額的變動。 – 1 – • 2025財年的總投注增加約2.2%至約32,556百萬日圓（2024財年：約31,850百萬日圓）。 • 2025財年的收入減少約1.3%至約6,396百萬日圓（2024財年：約6,483百萬日圓）。 • 2025財年的經營利潤減少約31.6%至約1,366百萬日圓（2024財年：約1,996百萬日 圓）。 • 2025財年的除所得稅前利潤減少約32.5%至約1,286百萬日圓（2024財年：約1,904百 萬日圓）。 • 2025財年歸屬於本公司股東的年度利潤減少約34.3%至約1,342百萬日圓（2024財年： 約2,044百萬日圓）。 • 2025財年的基本及攤薄每 ...

Core Viewpoint - OKURA HOLDINGS (01655.HK) will hold a board meeting on September 29, 2025, to review and approve the annual performance for the year ending June 30, 2025, and to consider the proposal for a final dividend distribution, if any [1] Summary by Categories - **Company Performance** - The board meeting will focus on the approval of the company's annual performance for the fiscal year ending June 30, 2025 [1] - **Dividend Consideration** - The meeting will also consider the proposal for the distribution of a final dividend, subject to approval [1]

董事會會議召開日期 Okura Holdings Limited（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 將於2025年9月29日（星期一）舉行董事會會議，藉以（其中包括）審議及批准本公司 及其附屬公司截至2025年6月30日止年度的全年業績及其發佈，以及考慮建議派發 末期股息（如有）。 代表董事會 Okura Holdings Limited 行政總裁、執行董事兼董事會主席 山本勝也 香港，2025年9月12日 （於香港註冊成立的有限公司） Okura Holdings Limited （股份代號：01655） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 於本公告日期，董事會包括五名董事，其中(i)兩名為執行董事，即山本勝也先生及 香川裕先生；及(ii)三名為獨立非執行董事，即吉田和之先生、山本真理子女士及松 﨑裕治先生。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | Okura Holdings Limited | | | | 呈交日期: | 2025年9月3日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | | Okura Holdings Limited於香港註冊成立。根據香港公司條例(第622章)，在香港註冊成立的公司不再擁有法定股本及股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01655 | 說明 | | 普通股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | Okura Holdings Limited | | | | 呈交日期: | 2025年8月6日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | | Okura Holdings Limited於香港註冊成立。根據香港公司條例(第622章)，在香港註冊成立的公司不再擁有法定股本及股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01655 | 說明 | | 普通股 ...

Summary of Key Points Core Viewpoint - The latest shareholder equity disclosures for several companies, including OKURA HOLDINGS, Sheng Tong Technology, Runmai De-B, Xin Feng Group, and China Merchants China Fund, were made on July 30, 2025, indicating significant changes in shareholding structures and ownership percentages. Group 1: OKURA HOLDINGS (01655) - Ichikura Limited increased its holdings from 72 million shares to 375 million shares, raising its ownership percentage from 12.00% to 62.50% [2][3] - Other entities such as Schädler Claude and Karmad AG also reported similar increases in their holdings, confirming a substantial consolidation of ownership [3] Group 2: Sheng Tong Technology (N23040) - Yang Xiaoyuan reduced his holdings from 138,000 shares to 127,500 shares, resulting in a decrease in ownership percentage from 0.48% to 0.44% [2] Group 3: Runmai De-B (02297) - Huang Li reduced his holdings from 111 million shares to 99.025 million shares, leading to a decrease in ownership percentage from 7.95% to 7.07% [2] - Multiple entities, including Shenzhen Futian Tongchuang Weiye and others, also reported reductions in their holdings, indicating a trend of divestment [2] Group 4: Xin Feng Group (01223) - Ke Qinghui and Huang Lining both reduced their holdings from 470 million shares to 424 million shares, with ownership percentages dropping from 15.80% to 14.26% [2] Group 5: China Merchants China Fund (00133) - Various entities under China Merchants China Fund reported complete divestment from their holdings, with previous ownership percentages ranging from 8.25% to 9.26% [2][3] - The fund's significant reduction in holdings indicates a strategic shift or reallocation of investment focus [3]

Financial Performance - Total revenue for the first six months of fiscal year 2025 was approximately 3,188 million JPY, a slight decrease of about 3 million JPY or 0.1% from approximately 3,191 million JPY in the first six months of fiscal year 2024[11]. - Profit before tax decreased by approximately 482 million JPY or 44.1% to about 610 million JPY in the first six months of fiscal year 2025, primarily due to the absence of lease modification income recorded in the previous period[12]. - The profit attributable to the company's shareholders decreased by approximately 611 million JPY or about 54.7% to approximately 505 million JPY for the first six months of fiscal year 2025[38]. - Operating profit for the same period was ¥655 million, down 42.4% from ¥1,139 million year-over-year[88]. - The total comprehensive income for the six months ended December 31, 2024, was ¥502 million, down from ¥1,111 million in the previous period, reflecting a decline of about 54.9%[96]. - The company reported a profit of ¥505 million for the six months ended December 31, 2024, compared to a profit of ¥1,116 million for the previous period, indicating a decrease of approximately 54.7%[96]. Revenue Streams - Revenue from the Japanese-style pachinko and pachislot business accounted for approximately 92.0% of total revenue in the first six months of the 2025 fiscal year, compared to 92.4% in the same period of the previous year[22]. - The company continues to diversify its revenue streams, earning income from various sources including vending machines and rental properties in the first six months of fiscal year 2025[13]. - Revenue from vending machines slightly decreased by about 3 million yen or 6.0% to approximately 47 million yen in the first six months of the 2025 fiscal year[23]. - Property rental income increased by approximately 14 million yen or 7.3% to about 205 million yen in the first six months of the 2025 fiscal year, driven by new tenants and changes in parking revenue[23]. - The revenue from the Japanese pachinko and pachislot business was ¥2,981 million, down from ¥2,998 million year-over-year, indicating a 0.6% decrease[128]. Operational Changes - The company launched new gaming machines, including the "6.5 model slot machine" in June 2022, the "smart slot machine" in November 2022, and the "smart pachinko machine" in April 2023, contributing to a recovery in customer traffic[10]. - The introduction of the "Lucky Trigger" feature in new pachinko machines is expected to attract younger customers and increase overall usage rates in gaming halls[10]. - Customer traffic in urban areas has shown a stable recovery during the first six months of fiscal year 2025[10]. - The company plans to continue monitoring the performance of smart machines and implement appropriate marketing strategies to enhance customer attraction[18]. - The closure of the K's Plaza Ohato location in January 2024 resulted in a revenue decrease of approximately 150 million yen, which was partially offset by increased revenue from other locations[22]. Cost Management - Operating expenses for gaming halls decreased by approximately 498 million JPY, and administrative expenses decreased by about 75 million JPY, partially offsetting the profit decline[12]. - Operating expenses for Japanese pachinko and slot machines reduced to ¥1,203 million in 2024, down from ¥1,536 million in 2023, reflecting a decrease of approximately 21.7%[135]. - Total employee costs reached approximately 520 million yen in the first six months of FY2025, accounting for about 19.2% of total operating expenses, compared to 16.8% in the same period of FY2024[62]. Investment and Assets - The company completed the necessary capital investments to update its pachinko and pachislot machines to be compatible with new banknotes by June 30, 2024, ahead of the new banknote issuance in July 2024[19]. - Capital expenditures for the first six months of fiscal year 2025 were approximately 148 million JPY, significantly lower than approximately 1,259 million JPY for the same period in fiscal year 2024[52]. - Total assets as of December 31, 2024, were ¥18,210 million, a decrease from ¥18,470 million as of June 30, 2024[130]. - The group held investments totaling approximately 2,972 million JPY in investment properties and approximately 1,104 million JPY in financial assets as of December 31, 2024[54]. Financial Position - As of December 31, 2024, the total borrowings amounted to approximately 4,685 million JPY, a decrease from approximately 4,987 million JPY as of June 30, 2024[40]. - The company's cash and cash equivalents were approximately 2,956 million JPY as of December 31, 2024, down from approximately 3,049 million JPY as of June 30, 2024[44]. - The asset-liability ratio was approximately 35.6% as of December 31, 2024, down from approximately 39.3% as of June 30, 2024[49]. - The group’s equity attributable to shareholders was approximately 8,271 million JPY as of December 31, 2024, an increase from approximately 7,769 million JPY as of June 30, 2024[45]. Governance and Compliance - The company’s governance structure has been deemed effective, with the board ensuring a balance of power and responsibilities[77]. - All directors confirmed compliance with the standard code for securities trading during the first six months of fiscal year 2025[78]. - The audit committee reviewed the interim financial data and found no significant issues regarding compliance with accounting standards[85]. Future Outlook - The group’s revenue growth for the twelve months ending December 31, 2025, is projected to be -1%, with a subsequent growth of 0% until the respective cash-generating units' useful life ends[39]. - The company is exploring new opportunities to expand into other business areas to diversify its revenue sources[21]. - Management forecasts a revenue growth rate of -1% for the first year, with a range of -3% to -5% for June 30, 2024[147].

Financial Performance - Total bets for the first six months of FY2025 decreased by approximately 2.1% to about ¥16,024 million compared to ¥16,372 million in FY2024[4] - Revenue for the first six months of FY2025 fell by approximately 0.1% to about ¥3,188 million, down from ¥3,191 million in FY2024[4] - Operating profit for the first six months of FY2025 declined by approximately 42.5% to about ¥655 million, compared to ¥1,139 million in FY2024[4] - Profit before tax for the first six months of FY2025 decreased by approximately 44.1% to about ¥610 million, down from ¥1,092 million in FY2024[4] - Profit attributable to shareholders for the first six months of FY2025 dropped by approximately 54.7% to about ¥505 million, compared to ¥1,116 million in FY2024[4] - Basic and diluted earnings per share for the first six months of FY2025 were approximately ¥0.84, down from ¥1.86 in FY2024[4] - Total revenue for the six months ended December 31, 2024, was ¥3,188 million, a slight decrease from ¥3,191 million in the same period of 2023[43] - Revenue from the Japanese pachinko and pachislot business was ¥2,934 million, down from ¥2,948 million year-over-year[43] - The company reported a pre-tax profit of ¥610 million for the six months ended December 31, 2024, compared to ¥1,092 million for the same period in 2023, reflecting a significant decline[47] - Total revenue for the first six months of FY2025 was approximately ¥3,188 million, a slight decrease of ¥3 million or about 0.1% from ¥3,191 million in FY2024[116] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the first six months of FY2025[4] - The group did not declare any interim dividends for the six months ended December 31, 2024, consistent with the previous period[63] - The board has not proposed an interim dividend for the first six months of fiscal year 2025, consistent with the previous year[179] Assets and Liabilities - Total assets as of December 31, 2024, were ¥18,210 million, a decrease from ¥18,470 million as of June 30, 2024[10] - Total liabilities as of December 31, 2024, were ¥9,939 million, down from ¥10,701 million as of June 30, 2024[11] - Total equity attributable to shareholders increased to ¥8,271 million as of December 31, 2024, compared to ¥7,769 million as of June 30, 2024[11] - The company's total liabilities remained stable with no significant changes in undiscounted cash outflows compared to year-end[38] - The total lease liabilities decreased from ¥3,093 million on June 30, 2024, to ¥2,850 million on December 31, 2024[78] - Total borrowings decreased from approximately ¥4,987 million as of June 30, 2024, to ¥4,685 million as of December 31, 2024, representing a reduction of about 6.1%[88] - The non-current portion of bank loans decreased from ¥2,870 million to ¥2,652 million, a decline of approximately 7.6%[88] - The asset-liability ratio as of December 31, 2024, is approximately 35.6%, down from 39.3% as of June 30, 2024, primarily due to loan repayments in the first half of fiscal year 2025[152] Operational Performance - The company launched new gaming machines, including the "Lucky Trigger" pachinko machine in March 2024, aimed at attracting younger customers and increasing overall usage rates[101] - The company is exploring new measures and opportunities to enhance operational performance and diversify revenue streams, including income from vending machines and property leasing[105] - The company observed a recovery in customer traffic in its gaming halls, particularly in urban areas, following the Japanese government's easing of COVID-19 restrictions in May 2023[101] - The company recorded a significant rental revision gain of approximately ¥1,027 million in the first six months of fiscal year 2024, which was not repeated in the same period of fiscal year 2025[103] - The company operates 10 gaming halls under the brands "Big Apple," "K's Plaza," and "SENKURA" across various regions in Japan[100] - The company reported a decrease in operating expenses of approximately ¥498 million and administrative expenses of about ¥75 million in the first six months of fiscal year 2025 compared to the previous year[103] - Operating expenses for game halls decreased by approximately ¥498 million or about 17.5% to ¥2,350 million in FY2025 from ¥2,848 million in FY2024[127] - The company has implemented a self-service prize redemption system to enhance customer safety and reduce staff interaction, contributing to operational efficiency[113] - The company plans to continue installing updated models of pachinko and slot machines to attract more customers and improve operational performance[114] - The company anticipates steady improvement in operational and financial performance due to completed capital investments and the absence of major future capital investment plans[114] Financial Management and Accounting Policies - The financial data for the six months ending December 31, 2024, is prepared in accordance with Hong Kong Accounting Standards and International Financial Reporting Standards[18] - The company submitted its financial statements for the year ending June 30, 2024, to the Companies Registry, with the auditor's report being unqualified[20] - The accounting policies adopted for the interim period are consistent with those used in the annual financial statements for the year ending June 30, 2024[21] - The group has adopted revised standards effective from July 1, 2024, including amendments to IAS 1 and IFRS 16, which do not have a significant impact on the accounting policies[23][24] - The company is currently assessing the impact of new and revised standards that will be effective from January 1, 2025, and beyond, with no early adoption planned[26][29] - The adoption of IFRS 18 is expected to affect the presentation and disclosure of financial performance, particularly in the income statement and management-defined performance measures[30][32] - The company anticipates that the reclassification of interest received and paid in the cash flow statement will change, with interest paid classified as financing cash flow and interest received as investing cash flow[32] - The group will apply the new standards from their mandatory effective date of January 1, 2027, with retrospective application required[33] Employee and Corporate Governance - Total employee costs for the first six months of fiscal year 2025 reached approximately 520 million yen, accounting for about 19.2% of total operating expenses[169] - The company has a total of 353 employees as of December 31, 2024, down from 381 employees a year earlier[169] - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a diverse governance structure[187] - The company is committed to high levels of corporate governance, which is crucial for its development and protecting shareholder interests[183] - The board believes that the current structure, with the same individual serving as both Chairman and CEO, will not weaken the balance of power between the board and management[183] Future Outlook and Strategic Initiatives - The revenue growth forecast for the first year is -1%, improved from a previous estimate of -3% to -5%[70] - The estimated annual revenue growth rate until the cash-generating units' useful life ends is projected to be 0%[70] - The company aims to explore alternative revenue streams to improve financial performance[107] - The company is exploring new opportunities to expand into other business areas to diversify revenue sources[114] - The company has not issued new bonds in the first six months of fiscal year 2025[150] - The company plans to continue holding its investment properties to earn long-term rental income[162] - The mid-term report for the first six months of fiscal year 2025 will be published on the company's and the stock exchange's websites at an appropriate time[186]

Financial Performance - The company reported a total revenue of 1,000 million JPY for the fiscal year ending December 31, 2023, reflecting a year-on-year increase of 10%[6]. - For the fiscal year 2024, Okura Holdings Limited recorded a pre-tax profit of approximately 1,904 million JPY, a decrease of about 1,242 million JPY or 39.5% from the previous fiscal year 2023's profit of approximately 3,146 million JPY[12]. - Total revenue for the fiscal year 2024 increased by approximately 199 million JPY or 3.2% to about 6,483 million JPY, primarily driven by increased customer traffic due to the introduction of more smart slot machines and smart pachinko machines[21]. - The annual profit attributable to shareholders decreased by approximately 1,176 million JPY or about 36.5% to approximately 2,044 million JPY for FY2024[37]. - The revenue growth forecast for the twelve months ending June 30, 2025, is estimated to be between -3% to -5%[32]. User Engagement and Market Expansion - User data indicated a growth in active users by 15% compared to the previous year, reaching a total of 500,000 active users[6]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year[6]. - The company aims to diversify its revenue streams from various operations, including Japanese pachinko and slot machine businesses, vending machines, and property leasing, among others[15]. Product Development and Innovation - New product launches are expected to contribute an additional 200 million JPY in revenue, with a focus on enhancing user experience[6]. - The introduction of new gaming machines, including the updated "6.5 model" slot machine in June 2022, the "smart slot machine" in November 2022, and the "smart pachinko machine" in April 2023, contributed to the recovery of customer traffic[12]. - The company has introduced new models of smart pachinko and slot machines, which accounted for approximately 46.1% and 6.8% of installed machines, respectively, as of June 30, 2024[17]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a 10% reduction in costs through process optimization[6]. - Operating expenses for game halls decreased by approximately 215 million JPY or 3.9% to about 5,292 million JPY, attributed to reduced spending on pachinko and slot machines[28]. - The company anticipates that smaller operators with limited capital resources will be eliminated from the market due to the high costs associated with updating equipment for new banknotes, allowing the company to capture more customers[17]. Corporate Governance and Management - The company has a strong management team with extensive experience in marketing and business development, including key personnel like Masashi Maeda[72]. - The board has established corporate governance procedures to ensure independent evaluation of the group's business opportunities and performance[105]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[131]. Environmental, Social, and Governance (ESG) Initiatives - The company aims to reduce greenhouse gas emissions and actively manage waste as part of its environmental protection initiatives[199]. - The company has established an Environmental, Social, and Governance (ESG) committee to oversee significant ESG issues and report to the board[193]. - The company has implemented a series of procedures to set and review ESG goals and indicators throughout the fiscal year[193]. Shareholder Communication and Engagement - The company has adopted a communication policy to ensure timely and accurate disclosure of insider information to independent shareholders[180]. - The shareholder communication policy aims to provide comprehensive and easily understandable information to shareholders regarding financial performance and strategic goals[183]. - The company’s board reviews the effectiveness of the shareholder communication policy annually, confirming its effectiveness[184]. Challenges and Market Conditions - The company continues to face challenges in the Japanese pachinko business due to rising living costs and declining consumer discretionary income[58]. - The company faced a continuous contraction and intense competition in the Japanese pachinko machine industry[77]. - The largest supplier accounted for approximately 52.4% of the total procurement, while the top five suppliers collectively represented about 99.3%[80].