Financial Performance - Total revenue for the six months ended September 30, 2024, was ¥63,753 million, a decrease of 1.0% compared to the same period in 2023[2]. - Profit before income tax for the same period was ¥3,576 million, an increase of 22.3% year-on-year[2]. - Net profit attributable to owners for the period was ¥2,190 million, reflecting a 16.9% increase compared to the previous year[2]. - Basic earnings per share for the period were ¥3.1[2]. - The total revenue for the group as of September 30, 2024, was 63,753 million JPY, approximately 3,469 million HKD, representing 99.0% of the same period last year[43]. - The consolidated operating profit for the same period was 6,044 million JPY, approximately 329 million HKD, which is 137.4% of the previous year's figure[43]. - The net profit for the period was 2,190 million JPY, approximately 119 million HKD, which is 116.9% of the same period last year[43]. - Total revenue for the six months ended September 30, 2024, was 63,753 million JPY, compared to 64,375 million JPY for the same period in 2023[73]. - Operating profit for the six months ended September 30, 2024, was 6,044 million JPY, compared to 4,400 million JPY for the same period in 2023[73]. - Net profit for the six months ended September 30, 2024, was 2,190 million JPY, compared to 1,874 million JPY for the same period in 2023[75]. - Total comprehensive income for the six months ended September 30, 2024, was a loss of 1,459 million JPY, compared to a gain of 6,483 million JPY for the same period in 2023[79]. Gaming Operations - The company operated 429 gaming halls as of September 30, 2024, down from 434 gaming halls in the previous year[2]. - The market for Japanese-style pachinko machines remains stable, driven by the introduction of smart pachinko machines, particularly among younger customers[7]. - The group aims to optimize its structure to enhance profitability and increase the installation rate of smart pachinko and slot machines[10]. - The company will focus on advancing renovations of gaming halls and related work to improve operational efficiency[10]. - The company aims to reshape Japanese pachinko gaming as an easily accessible daily entertainment option, targeting a broad customer base[17]. - The gaming machines have a betting range of 0.5 to 4 JPY for pachinko and 5 to 20 JPY for slot machines[18]. - The focus on low betting amounts aims to make pachinko gaming a regular entertainment option for customers[18]. - The company is implementing a chain store management strategy to stabilize long-term profits through multi-store development[19]. - New gaming halls will be standardized and concentrated in densely populated areas to control initial operating costs[22]. - The company plans to open new gaming halls in small business districts with a residential population of 30,000 to 50,000[23]. - The company has acquired multiple pachinko halls through share exchanges and corporate splits, expanding its network[26]. - The company has successfully integrated several pachinko halls into its operations, including five halls acquired in July 2023[27]. - The company utilizes second-hand gaming machines and efficient distribution centers to maintain low operational costs[29]. Aircraft Leasing - The aircraft leasing business aims for steady growth and sustainable development, with a focus on building strong relationships with global airlines and financial institutions[32][35]. - As of September 30, 2024, the group owned 10 aircraft and managed 7 aircraft, with a total operating asset value of 75,259 million JPY and an average aircraft age of 2.4 years[36]. - The average remaining lease term for owned aircraft is 5.7 years, with a 100% narrow-body aircraft ratio and 90% equipped with next-generation engines[37]. - Aircraft leasing revenue increased by 63.4% to 3,576 million yen for the six months ending September 30, 2024, compared to 2,188 million yen for the same period in 2023[59]. - Aircraft leasing expenses rose by 54.5% to 2,042 million yen for the six months ending September 30, 2024, from 1,322 million yen for the same period in 2023[61]. - The company entered into a new purchase and lease agreement for two aircraft with Wizz Air Fleet Management Ltd, expected to be executed by March 31, 2026[143]. Economic Environment - The Japanese economy has shown signs of moderate recovery, although risks remain due to external economic downturns and rising material and energy prices[6]. Financial Position - Total assets decreased from ¥366,045 million to ¥353,095 million, a decline of approximately 3.9%[83]. - Current liabilities decreased from ¥60,311 million to ¥52,568 million, a reduction of about 12.9%[83]. - Cash and cash equivalents decreased from ¥50,109 million to ¥38,916 million, a drop of approximately 22.3%[83]. - Trade and other payables decreased from ¥14,904 million to ¥11,673 million, a decrease of about 21.0%[83]. - Borrowings decreased from ¥21,083 million to ¥17,823 million, a decline of approximately 15.0%[83]. - Non-current liabilities related to borrowings decreased from ¥79,241 million to ¥74,577 million, a reduction of about 5.0%[89]. - The company's net assets decreased from ¥131,488 million to ¥128,288 million, a decline of approximately 2.7%[90]. - The company has maintained its capital stock at ¥15,000 million, with retained earnings slightly increasing from ¥106,816 million to ¥107,265 million[92]. - The company’s total liabilities as of September 30, 2024, were 224,807 million JPY, compared to 234,557 million JPY as of March 31, 2024, showing a decrease of approximately 4.00%[123]. Revenue Breakdown - Revenue from the Japanese-style pachinko business decreased by 3.2% to 60,177 million yen for the six months ending September 30, 2024, compared to 62,187 million yen for the same period in 2023[50]. - High-stakes gaming halls saw total bets increase by 0.9% to 146,376 million yen for the six months ending September 30, 2024, from 145,059 million yen for the same period in 2023[46]. - Low-stakes gaming halls experienced a 2.5% decrease in total bets to 130,485 million yen for the six months ending September 30, 2024, down from 133,763 million yen for the same period in 2023[46]. - Total bets for the six months ending September 30, 2024, were 276,861 million yen, a decrease of 0.5% from 278,822 million yen for the same period in 2023[45]. - Total payouts for the six months ending September 30, 2024, were 216,684 million yen, slightly increasing from 216,635 million yen for the same period in 2023[48]. Expenses and Income - General and administrative expenses decreased by 221 million JPY (approximately 12 million HKD) or 10.3% to 1,923 million JPY (approximately 105 million HKD) for the six months ended September 30, 2024[63]. - Other income increased by 1,075 million JPY (approximately 58 million HKD) or 27.1% to 5,038 million JPY (approximately 274 million HKD) for the six months ended September 30, 2024[65]. - Other operating expenses decreased by 178 million JPY (approximately 10 million HKD) or 14.1% to 1,086 million JPY (approximately 60 million HKD) for the six months ended September 30, 2024[67]. - Financing income decreased by 219 million JPY (approximately 12 million HKD) or 52.3% to 200 million JPY (approximately 11 million HKD) for the six months ended September 30, 2024[69]. - Financing expenses increased by 773 million JPY (approximately 42 million HKD) or 40.8% to 2,668 million JPY (approximately 145 million HKD) for the six months ended September 30, 2024[70]. Shareholder Returns - The board declared an interim dividend of ¥2.5 per ordinary share[2]. - The company declared an interim dividend of 2.50 JPY per share, totaling 1,741 million JPY for the nine months ended September 30, 2024, compared to 1,783 million JPY for the same period in 2023, a decrease of approximately 2.4%[140]. - Basic earnings per share for the nine months ended September 30, 2024, were 3.1 JPY, up from 2.6 JPY in the same period of 2023, representing an increase of about 19.2%[142].
DYNAM JAPAN(06889) - 2025 - 中期业绩