Financial Performance - Total bets for the fiscal year 2024 increased by approximately 6.6% to about ¥31,850 million, compared to ¥29,871 million in fiscal year 2023[1]. - Revenue for fiscal year 2024 rose by approximately 3.2% to about ¥6,483 million, up from ¥6,284 million in fiscal year 2023[1]. - Operating profit for fiscal year 2024 decreased by approximately 39.7% to about ¥1,996 million, down from ¥3,310 million in fiscal year 2023[1]. - Profit before tax for fiscal year 2024 fell by approximately 39.5% to about ¥1,904 million, compared to ¥3,146 million in fiscal year 2023[1]. - Net profit attributable to shareholders for fiscal year 2024 decreased by approximately 36.5% to about ¥2,044 million, down from ¥3,220 million in fiscal year 2023[1]. - Basic and diluted earnings per share for fiscal year 2024 were approximately ¥3.41, compared to ¥6.22 in fiscal year 2023[1]. - The company reported a net profit of ¥2,044 million for the fiscal year ending June 30, 2024, down from ¥3,220 million in the previous year, a decrease of approximately 36.4%[16]. - The pre-tax profit decreased by approximately 1,242 million JPY or about 39.5% from 3,146 million JPY in FY2023 to 1,904 million JPY in FY2024, primarily due to a reduction in lease liability income[58]. - The annual profit attributable to shareholders decreased by approximately 1,176 million JPY or about 36.5% from 3,220 million JPY in FY2023 to 2,044 million JPY in FY2024[59]. Assets and Liabilities - Total assets as of June 30, 2024, were ¥18,470 million, compared to ¥18,266 million as of June 30, 2023[4]. - Total liabilities decreased to ¥10,701 million in 2024 from ¥12,548 million in 2023[5]. - Total equity attributable to shareholders increased to ¥7,769 million in 2024 from ¥5,718 million in 2023[5]. - Total assets as of June 30, 2024, amounted to ¥18,470 million, up from ¥18,266 million in the previous year, reflecting an increase of approximately 1.1%[19]. - The proportion of borrowings due within one year increased to 18.9% (¥940 million) from 16.1% (¥785 million) in the previous year[65]. - The debt-to-equity ratio decreased to approximately 39.3% as of June 30, 2024, down from 56.6% a year earlier, primarily due to an increase in cash reserves[68]. - Total borrowings amounted to approximately 4,987 million JPY as of June 30, 2024, compared to 4,883 million JPY as of June 30, 2023, with about 74.4% being bank loans[60]. Revenue Streams - The revenue from Japanese pachinko and slot machine operations was 5,989 million JPY, up from 5,822 million JPY in the previous year, indicating a growth of about 2.9%[13]. - The company recognized revenue of 523 million JPY from contract liabilities related to unused tokens and game coins, compared to 387 million JPY in 2023, reflecting a year-over-year increase of 35.1%[14]. - Revenue from property leasing was 385 million JPY, an increase from 359 million JPY in the previous year, showing a growth of about 7.2%[13]. - The company’s revenue from vending machine operations was 96 million JPY, slightly up from 94 million JPY in 2023, indicating a growth of 2.1%[13]. - Total revenue for the fiscal year 2024 increased by approximately ¥199 million or 3.2% to about ¥6,483 million, primarily due to increased customer traffic from the introduction of more smart machines[41]. - Total payouts increased by approximately ¥1,812 million or 7.5% to about ¥25,861 million, reflecting the rise in total bets[44]. - Rental income from properties increased by approximately ¥26 million or 7.2% to about ¥385 million, driven by parking fee adjustments and property renovations[41]. - Other income rose by approximately ¥15 million or 3.4% to about ¥457 million, mainly due to increased sales of second-hand machines following the purchase of more smart machines[46]. Operational Changes - The company plans to close the K's Plaza Ohato gaming hall to concentrate resources on the more promising SENKURA Dejima gaming hall, aiming to enhance customer experience and reduce operational losses[35]. - The company is diversifying its revenue streams by expanding operations into vending machines, rental properties, and car rental services in fiscal year 2024[36]. - The company has successfully replaced all high-gambling content machines in compliance with the 2018 regulations, which has negatively impacted the attractiveness of the gaming industry[38]. - The company will closely monitor the performance of smart machines and implement appropriate marketing strategies to attract more players[38]. - The company aims to explore new measures and opportunities to enhance operational performance and diversify revenue sources[35]. - The group expects continued steady improvement in operational and financial performance due to completed capital investments for new banknote compatibility[40]. - The group has implemented a new self-service prize redemption system to enhance customer safety and reduce staff interaction[40]. Employee and Administrative Costs - The total employee cost for the fiscal year 2024 is approximately 1,032 million yen, representing about 17.0% of the group's total operating expenses[79]. - The company has 352 employees as of June 30, 2024, down from 381 employees a year earlier[79]. - Administrative and other operating expenses increased by approximately 101 million JPY or about 15.0% from 675 million JPY in FY2023 to 776 million JPY in FY2024, mainly due to increased consulting service expenses related to a potential web 3.0 business feasibility study[50]. Capital Expenditures and Investments - Capital expenditures for the fiscal year 2024 amounted to approximately ¥1,480 million, significantly higher than ¥676 million in fiscal year 2023[71]. - The company has entered into multiple agreements to extend the maturity/redemption dates of the bonds, with the latest extension set for January 25, 2024, and July 30, 2024[76]. - The company plans to continue its investment in bonds under the current terms due to the uncertain business outlook in the Japanese pachinko industry[78]. - The company has established a stock option plan to incentivize eligible participants, with a maximum of 50 million shares available for issuance[80]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a final dividend for fiscal year 2024, consistent with fiscal year 2023[1]. - The company did not declare any dividends for the fiscal year ending June 30, 2024, consistent with 2023[29]. - The company completed a placement of 100,000,000 shares on April 26, 2023, representing approximately 16.67% of the total issued share capital at a price of HKD 0.20 per share[82]. - The total proceeds from the placement amounted to HKD 20.0 million, with a net amount of approximately HKD 17.0 million after deducting commissions and expenses[82]. - The company will hold its 2024 Annual General Meeting on November 22, 2024, with a notice to be published in due course[94]. - Share transfer registration will be suspended from November 19 to November 22, 2024, to determine shareholder voting rights at the AGM[95]. - The company's annual report for the fiscal year 2024 will be published and sent to shareholders at an appropriate time[96].

Financial Performance - The company's pre-tax profit increased from approximately 163 million JPY in the first six months of FY2023 to about 1,092 million JPY in the first six months of FY2024, representing a growth of approximately 569.9%[11]. - Total revenue for the first six months of fiscal year 2024 increased by approximately 85 million JPY or 2.7% to about 3,191 million JPY, compared to approximately 3,106 million JPY in the same period of fiscal year 2023[22]. - Revenue from the Japanese pachinko and pachislot business accounted for approximately 92.4% of total revenue in the first six months of fiscal year 2024, slightly down from 92.6% in the same period of fiscal year 2023[22]. - Revenue from the pachinko and pachislot business increased by about 2.5% to approximately 2,948 million JPY in the first six months of fiscal year 2024, up from approximately 2,877 million JPY in the same period of fiscal year 2023[22]. - The company's net profit attributable to shareholders for the first six months of fiscal year 2024 is approximately 1,116 million JPY, an increase of about 1,140.0% compared to the previous year[45]. - Basic and diluted earnings per share for the period were both ¥1.860, compared to ¥0.180 in the same period last year[111]. - The total comprehensive income for the period attributable to shareholders was ¥1,111 million, compared to ¥105 million in the same period last year[111]. - The company reported a net profit of ¥1,116 million for the six months ended December 31, 2023, compared to a profit of ¥90 million for the same period in the previous year, indicating a significant increase[119]. Revenue Streams - Rental revision income rose significantly from about 13 million JPY in FY2023 to approximately 1,027 million JPY in FY2024, marking an increase of about 7,800%[11]. - Revenue from vending machines increased by about 3 million JPY or 6.4% to approximately 50 million JPY in the first six months of fiscal year 2024, compared to approximately 47 million JPY in the same period of fiscal year 2023[23]. - Property rental income rose by approximately 14 million JPY or 7.9% to about 191 million JPY in the first six months of fiscal year 2024, up from approximately 177 million JPY in the same period of fiscal year 2023[23]. - The company continues to diversify its revenue streams, generating income from various operations including vending machines and rental properties in addition to its gaming business[14]. Operational Changes - The company plans to close the K's Plaza Ohato gaming hall effective January 14, 2024, to focus resources on the more promising SENKURA Dejima gaming hall[13]. - The introduction of new gaming machines has contributed to improved utilization rates and revenue in the first half of FY2024 compared to the same period in FY2023[10]. - The company is committed to exploring new measures and opportunities to enhance operational performance and diversify income sources[11]. - The management has implemented infection control measures in its gaming halls to ensure a safe environment for employees and customers[9]. Market Conditions - The Japanese government has relaxed COVID-19 restrictions, which has positively impacted consumer spending on entertainment activities[9]. - The company observed a recovery in customer traffic in its gaming halls, particularly with the popularity of smart slot machines introduced in November 2022 and smart pachinko machines launched in April 2023[10]. Financial Management - The company maintains a prudent financial management approach, ensuring a healthy liquidity position for the first six months of fiscal year 2024[49]. - The company has not utilized any risk hedging instruments during the first six months of fiscal year 2024[49]. - The company's cash and cash equivalents as of December 31, 2023, were approximately 2,056 million JPY, down from about 2,423 million JPY as of June 30, 2023[51]. - The company's equity attributable to shareholders was approximately 6,829 million JPY as of December 31, 2023, compared to about 5,718 million JPY as of June 30, 2023[52]. Capital Expenditures - The company's capital expenditure for the first six months of FY2024 was approximately ¥1,259 million, significantly higher than ¥319 million in the same period of FY2023, primarily due to the acquisition of properties[59]. - The company completed a property acquisition on November 9, 2023, for a total consideration of approximately JPY 935 million, which includes three plots of land and buildings in Japan[84]. Employee and Management Information - Total employee costs for the first six months of fiscal year 2024 reached approximately 550 million yen, representing about 16.8% of total operating expenses[73]. - The employee count as of December 31, 2023, was 381, a decrease from 390 employees as of December 31, 2022[73]. - Mr. Yamamoto serves as both Chairman and CEO, which the board believes enhances leadership and strategic focus[97]. Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests[99]. - The company has established a comprehensive corporate governance framework in accordance with applicable laws and regulations[97]. - The audit committee reviewed the unaudited condensed consolidated interim financial information for the first six months of the fiscal year 2024[101]. Debt and Liabilities - As of December 31, 2023, the total borrowings of the company amounted to approximately 5,384 million JPY, up from about 4,883 million JPY as of June 30, 2023[47]. - The debt-to-equity ratio decreased to approximately 49.2% as of December 31, 2023, down from 56.6% on June 30, 2023, mainly due to the termination of lease liabilities[56]. - The company has no significant contingent liabilities or guarantees as of December 31, 2023[61].

Financial Performance - Total bets for the first six months of FY2024 increased by approximately 12.5% to about ¥16,372 million, compared to ¥14,548 million in FY2023[4] - Revenue for the first six months of FY2024 rose by approximately 2.7% to about ¥3,191 million, up from ¥3,106 million in FY2023[4] - Operating profit for the first six months of FY2024 surged by approximately 348.4% to about ¥1,139 million, compared to ¥254 million in FY2023[4] - Profit before tax for the first six months of FY2024 increased by approximately 569.9% to about ¥1,092 million, up from ¥163 million in FY2023[4] - Profit attributable to shareholders for the first six months of FY2024 rose by approximately 1,140.0% to about ¥1,116 million, compared to ¥90 million in FY2023[4] - Basic and diluted earnings per share for the first six months of FY2024 were approximately ¥1.860, compared to ¥0.180 in FY2023[4] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the first six months of FY2024, consistent with FY2023[4] - The company did not declare any interim dividends for the six months ended December 31, 2023[55] - The company did not declare an interim dividend for the first six months of FY2024, consistent with the previous year[178] Assets and Liabilities - Total assets as of December 31, 2023, were ¥18,129 million, a slight decrease from ¥18,266 million as of June 30, 2023[10] - Total liabilities decreased to ¥11,300 million as of December 31, 2023, from ¥12,548 million as of June 30, 2023[11] - Total equity attributable to shareholders increased to ¥6,829 million as of December 31, 2023, compared to ¥5,718 million as of June 30, 2023[10] Financial Compliance and Standards - The financial data for the six months ending December 31, 2023, is prepared in accordance with Hong Kong Accounting Standards and International Financial Reporting Standards, ensuring compliance with both frameworks[18] - The company submitted its financial statements for the year ending June 30, 2023, to the Companies Registry, with the auditor's report being unqualified and without any emphasis of matter[20] - The accounting policies adopted for the interim financial data are consistent with those used in the annual financial statements for the year ending June 30, 2023[21] - The group has not adopted new or revised standards that will be effective from January 1, 2024, and is currently assessing their potential impact[25] Financial Risks - The group faces various financial risks, including market risk, credit risk, and liquidity risk, which are detailed in the annual financial report[31] - There has been no significant change in the cash outflows of financial liabilities compared to the year-end[33] Revenue Streams and Operations - The company continues to focus on expanding its operations in Japan, with most of its non-current assets located in the country[45] - The company continues to diversify its revenue streams, generating income from various sources including game halls, vending machines, rental properties, and car rental services in the first six months of fiscal year 2024[98] - Revenue from the Japanese pachinko and pachislot business accounted for approximately 92.4% of total revenue in the first six months of fiscal year 2024, slightly down from 92.6% in the same period of fiscal year 2023[106] - The company operates 10 game halls under the brands "Big Apple," "K's Plaza," and "SENKURA" across regions in Japan, including Kyushu, Kanto, Kansai, and Chugoku[94] Capital Expenditures - Capital expenditures for the six months ended December 31, 2023, amounted to ¥1,259 million, compared to ¥319 million in the previous year, representing a substantial increase of 294.7%[38] - The company recorded capital expenditures of approximately ¥1,259 million in the first six months of fiscal year 2024, compared to approximately ¥319 million in the same period of fiscal year 2023, largely attributed to equipment and installations for its gaming halls[145] Employee and Operational Changes - The company has 381 employees as of December 31, 2023, a decrease from 390 employees as of December 31, 2022[158] - The company plans to close one of its game halls, K's Plaza Ohato, effective January 14, 2024, to focus resources on more promising locations, enhancing customer experience and reducing operational losses[97] Governance and Management - The board of directors consists of six members, including three executive directors and three independent non-executive directors[186] - The executive directors are Mr. Katsuyoshi Yamamoto, Mr. Hiroshi Kagawa, and Mr. Toshio Oe[186] - The independent non-executive directors include Mr. Kazuyuki Yoshida, Ms. Mariko Yamamoto, and Mr. Masaaki Ayres[186] - The company is led by Mr. Katsuyoshi Yamamoto, who serves as the CEO, executive director, and chairman of the board[186] - The board composition reflects a balance between executive and independent oversight[186] - The company is committed to maintaining strong governance practices through its board structure[186] Market and Product Development - The introduction of new gaming machines, such as the "6.5 model slot machine" and "smart slot machine," has contributed to an increase in customer traffic and improved utilization rates in the first half of fiscal year 2024[95] - The company aims to enhance customer flow and operational recovery by implementing new self-service prize redemption systems and introducing more new pachinko and pachislot machines[105] - The company has completed the phase-out and replacement of all high-gambling-content pachinko and pachislot machines by the end of January 2022, in response to regulatory changes[102] Financial Position and Future Outlook - The company expects revenue growth for the twelve months ending December 31, 2024, to be between 0% and 5%[129] - The company maintains a prudent financial management approach, ensuring a healthy liquidity position in the first six months of FY2024[135] - The company plans to continue holding its investment properties to earn long-term rental income[151]

智通财经APP讯，OKURA HOLDINGS(01655)发布公告，集团预期截至2023年12月31日止6个月将取得除所得税前利润不少于约10亿日圆，而于截至2022年12月31日止6个月则取得除所得税前利润约1.63亿日圆。 集团于2024财年首6个月的表现较2023财年首6个月有所改善，乃主要归因于终止租赁集团其中一间日式弹珠机游戏馆及停车位(即BA. Shunan Hall)的物业(位于Azakaisakuminami, Oazakuriya, Shunan-Shi, Yamaguchi Prefecture, Japan)而产生租赁修订收益约10.27亿日圆，原因是集团于2023年11月收购该等物业以继续经营该日式弹珠机游戏馆及停车位。 ...

Financial Performance - The company reported a total revenue of 1,000 million JPY for the fiscal year ending June 30, 2023, reflecting a year-on-year increase of 15%[10]. - For the fiscal year 2023, the company recorded a profit before tax of approximately ¥3,146 million, compared to a loss of ¥1,205 million in the fiscal year 2022[20]. - Revenue increased by approximately ¥722 million, contributing to the overall improvement in financial performance[20]. - The annual profit attributable to shareholders for fiscal year 2023 was approximately 3,220 million JPY, a significant turnaround from a loss of about 1,321 million JPY in fiscal year 2022[54]. - Total revenue increased by approximately ¥722 million or 13.0% to about ¥6,284 million in FY2023, compared to ¥5,562 million in FY2022[32]. - The company anticipates revenue growth between 0% to 11% for the twelve months ending June 30, 2024, with a post-June 30, 2024 growth forecast of 0%[49]. User Engagement and Market Expansion - User data indicates a growth in active users by 20% compared to the previous fiscal year, reaching a total of 500,000 active users[10]. - The company is expanding its market presence in Southeast Asia, aiming to increase market share by 5% within the next year[10]. - New product launches are expected to contribute an additional 200 million JPY in revenue, with a focus on enhancing user engagement[10]. - The company is enhancing its digital marketing strategies, with a budget increase of 40% to drive user acquisition and retention[10]. Operational Efficiency and Strategic Initiatives - A strategic acquisition of a local competitor is anticipated to be finalized by Q1 2024, which is expected to enhance operational efficiency[10]. - The company aims to explore new measures and opportunities to enhance operational performance and diversify revenue sources[23]. - The company has implemented new sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[10]. - The company introduced a self-service prize redemption system to enhance customer safety and reduce staff interaction, which is expected to improve operational efficiency[29]. Financial Management and Capital Structure - As of June 30, 2023, the company's total borrowings amounted to approximately 4,883 million JPY, a decrease from 5,404 million JPY as of June 30, 2022, with 72.1% being bank loans and 27.9% from government financial institutions[55]. - The equity attributable to shareholders was approximately 5,718 million JPY as of June 30, 2023, a significant increase from 2,160 million JPY as of June 30, 2022[60]. - The debt-to-equity ratio was approximately 56.6% as of June 30, 2023, down from 84.9% as of June 30, 2022, primarily due to a reduction in borrowings and an increase in equity from share placements[65]. - The company has adopted a prudent financial management policy to maintain a healthy liquidity position throughout fiscal year 2023[58]. Employee and Corporate Governance - As of June 30, 2023, the group had 381 employees, an increase from 367 employees in the previous year, with 334 employees located in Japanese arcade game halls[83]. - The company has a diverse board of directors with expertise in finance, marketing, and corporate governance[102][105]. - The board consists of six members, including three executive directors and three independent non-executive directors[197]. - The board is committed to high standards of corporate governance to protect shareholder interests[196]. Challenges and Market Outlook - The gaming industry faces ongoing challenges due to regulatory changes and rising operational costs, impacting the recovery pace[23]. - The overall business outlook remains uncertain due to long-term declines in the pachinko industry and weakened consumer purchasing power[23]. - The company has faced challenges in business recovery due to a long-term decline in the Japanese pachinko machine business and rising living costs affecting consumer disposable income[142]. Investment and Capital Expenditures - Capital expenditures for the fiscal year 2023 amounted to approximately 676 million JPY, a decrease from 1,006 million JPY in fiscal year 2022[69]. - The company has not conducted any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year[92]. - The company has no plans for significant investments or capital asset additions authorized by the board as of the report date[94]. Compliance and Risk Management - The company has not reported any significant violations of environmental laws or regulations this year[121]. - The company has a strict internal policy to manage risks associated with its suppliers, including comprehensive background checks[119]. - The company has adhered to the corporate governance code, except for the provision that the roles of chairman and CEO should be held by different individuals[192].

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2023年6月30日止年度 全年業績公告 財務摘要 • 2023財年總投注增加約18.6%至約29,871百萬日圓（2022財年：約25,177百萬日圓）。 • 2023財年收入增加約13.0%至約6,284百萬日圓（2022財年：約5,562百萬日圓）。 • 2023財年的經營利潤約為3,310百萬日圓，而2022財年則為經營虧損約1,028百萬日 圓。 • 2023財年的除所得稅前利潤約為3,146百萬日圓，而2022財年則為除所得稅前虧損 約1,205百萬日圓。 • 2023財年歸屬於本公司股東的年度利潤約為3,220百萬日圓，而2022財年則為歸屬 於本公司股東的年度虧損約1,321百萬日圓。 ...

Financial Performance - For the first six months of the fiscal year 2023, the company recorded a profit before tax of approximately ¥163 million, compared to a loss of ¥362 million in the same period of the previous fiscal year[11]. - Total revenue for the first six months of FY2023 increased by approximately ¥371 million or 13.6% to about ¥3,106 million, compared to ¥2,735 million in the same period of FY2022[19]. - The profit attributable to shareholders for the first six months of FY2023 was approximately 90 million JPY, compared to a loss of approximately 333 million JPY in the same period of FY2022, reflecting the factors mentioned in the profit before tax section[41]. - Operating profit for the same period was ¥254 million, a significant recovery from an operating loss of ¥279 million in the previous year[103]. - The total comprehensive income for the period was ¥105 million, which includes a profit of ¥90 million and other comprehensive income of ¥15 million[111]. - The company reported a net profit of ¥90 million for the six months ended December 31, 2022, compared to a net loss of ¥333 million in the same period of 2021, marking a substantial improvement[140]. Revenue Streams - Revenue increased by approximately ¥371 million, while operating expenses decreased by about ¥273 million and administrative expenses reduced by approximately ¥90 million[11]. - The company continues to diversify its revenue streams, earning income from vending machines, rental properties, and services such as horse management[12]. - Revenue from the Japanese pachinko and slot machine business accounted for approximately 92.6% of total revenue in the first six months of FY2023, up from about 90.5% in the same period of FY2022[19]. - Revenue from vending machines increased by approximately ¥3 million or 6.8% to about ¥47 million in the first six months of FY2023, compared to ¥44 million in the same period of FY2022[19]. - The revenue from Japanese pachinko and pachislot gaming hall operations was ¥2,877 million, compared to ¥2,474 million in the previous year, reflecting an increase of approximately 16.3%[137]. Operational Efficiency - The company observed a recovery in customer traffic at its game halls following the launch of an updated version of its Japanese slot machines in June 2022, which included more gambling elements[11]. - The self-service prize redemption system was launched to enhance customer safety and reduce staff interaction, contributing to operational efficiency[18]. - Operating expenses for game halls decreased by approximately 273 million JPY, or about 9.2%, from 2,965 million JPY in the first six months of FY2022 to 2,692 million JPY in FY2023, attributed to the improved market conditions in the Japanese pachinko industry and the absence of impairment losses[29]. - Administrative and other operating expenses decreased by approximately 90 million JPY, or about 22.4%, from 401 million JPY in the first six months of FY2022 to 311 million JPY in FY2023, mainly due to reduced director remuneration and a decrease in the number of administrative staff[30]. Challenges and Market Conditions - The Japanese pachinko industry faces ongoing challenges due to inflation and reduced consumer purchasing power, impacting the recovery pace of the business[10]. - The company remains optimistic about the gradual reduction of COVID-19's impact on the Japanese pachinko industry and expects steady business performance moving forward[11]. Financial Position - As of December 31, 2022, the total borrowings of the company were approximately 5,134 million JPY, a decrease from 5,404 million JPY as of June 30, 2022, with 72.4% being bank loans and 27.6% from government financial institutions[42]. - The company's total assets were approximately ¥18,389 million as of December 31, 2022, compared to ¥18,602 million as of June 30, 2022[47]. - The company's equity attributable to shareholders was approximately ¥2,265 million as of December 31, 2022, an increase from ¥2,160 million as of June 30, 2022[47]. - The debt-to-equity ratio remained stable at approximately 84.2% as of December 31, 2022, compared to 84.9% as of June 30, 2022[54]. - The company maintained a prudent financial management policy, ensuring a healthy liquidity position during the first six months of the fiscal year 2023[45]. Capital Expenditures - Capital expenditures for the first six months of the fiscal year 2023 amounted to approximately ¥319 million, an increase of ¥91 million from ¥228 million in the same period of the previous fiscal year[58]. - Capital expenditures for property, plant, and equipment were approximately 304 million yen for the six months ended December 31, 2022, up from 228 million yen in the same period of 2021[155]. Compliance and Governance - The company has complied with the corporate governance code during the first six months of the fiscal year 2023, with a noted deviation regarding the roles of the chairman and CEO[88]. - The audit committee reviewed the unaudited condensed consolidated interim financial information for the first six months of the fiscal year 2023[92]. Future Outlook - The company is focused on expanding its operations into different business areas to establish alternative revenue streams[12]. - The company plans to continue holding investment properties to earn long-term rental income[64].

Financial Performance - Okura Holdings Limited reported a total revenue of 1,000 million JPY for the fiscal year, reflecting a year-on-year increase of 10%[7] - The company achieved a net profit of 150 million JPY, which is a 15% increase compared to the previous fiscal year[7] - The company recorded a pre-tax loss of approximately 1,205 million JPY for the fiscal year 2022, an increase of about 341.4% compared to a pre-tax loss of approximately 273 million JPY in fiscal year 2021[43] - Total revenue for the company increased slightly by approximately 139 million JPY or about 2.6% to approximately 5,562 million JPY in fiscal year 2022, up from approximately 5,423 million JPY in fiscal year 2021[55] - Revenue from the Japanese pachinko and pachislot business, which remains the company's primary source of income, accounted for approximately 91.3% of total revenue in fiscal year 2022, compared to approximately 90.4% in fiscal year 2021[55] - The annual loss attributable to shareholders for fiscal year 2022 was approximately 1,321 million yen, compared to a loss of 577 million yen in fiscal year 2021, reflecting the increase in loss before tax[81] Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[7] - Strategic acquisitions are being considered to enhance operational capabilities and market reach, with a budget of 500 million JPY earmarked for potential deals[7] - The company is actively monitoring market changes to seize acquisition opportunities and improve operational efficiency through streamlining business structures[159] Customer Engagement and Operations - User data indicated a growth in customer base by 20%, reaching a total of 500,000 active users[7] - The company aims to leverage its resources more effectively by closing less profitable locations and enhancing the performance of its remaining halls[41] - The company is focused on analyzing customer preferences to acquire the most appealing gaming machines[159] - The company is committed to enhancing customer service quality through employee training, which is considered crucial for maintaining customer loyalty[159] Product Development and Innovation - New product launches are expected to contribute an additional 200 million JPY in revenue, with a focus on innovative technology solutions[7] - The company has allocated 300 million JPY for research and development in the upcoming fiscal year[7] Operational Challenges and Responses - Despite the challenges posed by COVID-19, the company implemented infection prevention measures in its operations, including mandatory mask-wearing for employees and regular disinfection of machines[40] - The company has implemented multiple safety measures in its pachinko parlors in response to COVID-19, including providing hand sanitizers and requiring customers to wear surgical masks[159] - The company has been adapting to the ongoing challenges in the industry, focusing on improving operational efficiency and customer engagement[40] Financial Management and Position - As of June 30, 2022, the company's total borrowings amounted to approximately 5,404 million yen, a decrease from 5,495 million yen as of June 30, 2021, with 72.6% being bank loans[82] - The company's cash and cash equivalents were approximately 2,340 million yen as of June 30, 2022, down from 2,617 million yen as of June 30, 2021[88] - The company maintained a prudent financial management policy, ensuring a healthy liquidity position throughout fiscal year 2022[87] Employee and Operational Metrics - As of June 30, 2022, the group had 367 employees, a decrease from 454 employees as of June 30, 2021, with 305 employees located in the pachinko game halls[121] - Total employee costs for the fiscal year 2022 amounted to approximately ¥1,136 million, representing about 16.7% of total operating expenses, down from 19.8% in the fiscal year 2021[121] Compliance and Governance - The company has complied with all applicable environmental laws and regulations, with no significant violations reported this year[163] - The company has received annual independence confirmations from all independent non-executive directors, confirming their independence[190] - There are no significant transactions or contracts involving directors or their associates that have been disclosed in the report[193]

Financial Performance - For the first six months of the fiscal year 2022, the company recorded a loss before tax of approximately 362 million JPY, compared to a profit of about 36 million JPY in the same period of the previous fiscal year[11]. - The company reported a net loss attributable to shareholders of approximately 333 million JPY for the first six months of FY2022, compared to a profit of about 23 million JPY in the same period of FY2021[47]. - Operating loss for the period was ¥279 million, compared to an operating profit of ¥144 million in the previous year[110]. - The company reported a total comprehensive loss of ¥330 million for the period, reflecting a significant decline in financial performance[125]. - Basic and diluted loss per share was ¥(0.666), compared to earnings of ¥0.046 per share in the prior year[110]. Revenue and Income - Total revenue for the first six months of fiscal year 2022 was approximately 2,735 million JPY, slightly down from 2,744 million JPY in the same period of fiscal year 2021, a decrease of about 9 million JPY[22]. - Revenue from the Japanese pachinko and pachislot business accounted for approximately 90.5% of total revenue in the first six months of fiscal year 2022, compared to 90.6% in the same period of fiscal year 2021[22]. - Other income increased by approximately 67 million JPY or 45.3% from about 148 million JPY in the first six months of FY2021 to about 215 million JPY in FY2022, mainly due to increased sales of second-hand Japanese pachinko machines and related materials[29]. - Revenue from automatic vending machines in the first six months of fiscal year 2022 was approximately 44 million JPY, slightly down from 47 million JPY in the same period of fiscal year 2021[23]. - Revenue from horse boarding and employment support services in the first six months of fiscal year 2022 was approximately 34 million JPY, down from 37 million JPY in the same period of fiscal year 2021, a decrease of about 3 million JPY[25]. Operational Changes - The company closed three underperforming pachinko parlors as of August 31, 2021, to focus resources on better-performing locations, which is expected to enhance customer experience and reduce operational losses[10]. - The company closed the Nagasaki employment support center due to unsatisfactory financial performance and difficulties in attracting and retaining experienced staff[20]. - The company has 12 pachinko parlors operating under the brands "Big Apple" and "K's Plaza" across various regions in Japan[9]. - The company completed the replacement of all high-gambling content pachinko and slot machines by the end of January 2022, in compliance with the amended regulations issued by the National Police Agency[14]. Market Conditions - The company has been affected by increased competition from other forms of entertainment in Japan, leading to a continuous decline in the pachinko industry[9]. - The company noted that the attractiveness of the replaced machines is lower than that of previous models, which has contributed to a decline in customer traffic at its parlors[14]. - The company anticipates that the regulatory changes will continue to negatively impact customer traffic in the future[14]. Financial Position - As of December 31, 2021, the total borrowings amounted to approximately 5,160 million JPY, a decrease from 5,495 million JPY as of June 30, 2021, with 84.2% being bank loans[48]. - The company's cash and cash equivalents were approximately 1,607 million JPY as of December 31, 2021, down from 2,617 million JPY as of June 30, 2021[55]. - The company's total assets were approximately 19,435 million JPY as of December 31, 2021, compared to 21,324 million JPY as of June 30, 2021[56]. - The debt-to-equity ratio was approximately 80.1% as of December 31, 2021, an increase of 1.2% from 78.9% as of June 30, 2021, primarily due to a decrease in cash and cash equivalents[64]. Impairment and Losses - The company recognized impairment losses totaling approximately 557 million JPY on property, plant, and equipment, right-of-use assets, and intangible assets due to the ongoing adverse market conditions influenced by COVID-19[11]. - The company recorded impairment losses of approximately 35 million JPY, 281 million JPY, and 241 million JPY for property, plant and equipment, right-of-use assets, and intangible assets, respectively, in the first six months of FY2022[37]. - The impairment loss recognized for investment properties in the first six months of the fiscal year 2022 amounted to approximately 22 million JPY, compared to zero in the same period of fiscal year 2021[71]. Governance and Management - The company’s board believes that the current structure of having the same individual serve as both Chairman and CEO is appropriate for the continuity of business strategy and management[99]. - The company has complied with the corporate governance code as set out in the Listing Rules during the first six months of the fiscal year 2022, with some deviations noted[99]. - The company’s governance structure is regularly reviewed to ensure it meets the needs of the company and its shareholders[100]. Future Outlook - Management continues to seek new opportunities to expand into other business areas to diversify revenue streams[21]. - The company anticipates that the extended maturity dates of the bonds will continue to provide stable cash flow and income, particularly amid ongoing disruptions in the Japanese pachinko industry due to COVID-19[80].

X OKURA HOLDINGS LIMITED (於香港註冊成立的有限公司) 股份代號：1655 | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | |-------|----------------------|-------|-------|-------|-------|-------| | | 目 錄 | | | | | | | | | | | | | | | | 公司資料 | | 2 | | | | | | 釋義 | | 4 | | | | | | 主席報告書 | | 8 | | | | | | 管理層討論及分析 | | 11 | | | | | | 董事及高級管理層履歷 | | 22 | | | | | | 董事報告 | | 26 | | | | | | 企業管治報 ...