Financial Performance - For the six months ended September 30, 2024, the company reported total revenue of ¥14,158 million, an increase from ¥13,189 million for the same period in 2023, representing a growth of approximately 7.3%[10] - The company's pre-tax profit for the same period was ¥935 million, slightly down from ¥969 million year-on-year, indicating a decrease of about 3.5%[10] - Net profit attributable to the company's owners was ¥451 million, a decrease of ¥34 million compared to the previous year, reflecting a decline of approximately 7%[10] - The overall revenue rate for the six months was 17.3%, down from 18.2% in the previous year, indicating a decrease of 0.9 percentage points[10] - Operating profit for the same period was ¥1,377 million, slightly down from ¥1,399 million year-over-year[1] - Profit before tax decreased to ¥935 million from ¥969 million, reflecting a decline of 3.5%[1] - Net profit from continuing operations was ¥451 million, down from ¥608 million, representing a decrease of 25.8%[1] - The total comprehensive income for the period was ¥432 million, compared to ¥409 million in the same period last year, reflecting a growth of 5.6%[1] Revenue Breakdown - Japanese pachinko machine revenue increased by 7,763 million yen, from 63,890 million yen for the six months ended September 30, 2023, to 71,653 million yen for the current period[19] - The revenue from the amusement park business decreased by 4.8% to 896 million yen, impacted by the closure of an unprofitable park and temporary shutdowns due to a typhoon in northern Vietnam[20] - The restaurant business revenue surged by 43.6%, from 349 million yen to 501 million yen, driven by the popularity of cafes and bubble tea among the younger generation[21] - Other income from vending machines increased by 77 million yen or 38.9%, from 198 million yen to 275 million yen, attributed to higher customer flow[34] - The revenue from hotels increased by 29 million yen, from 83 million yen to 112 million yen, mainly due to the acquisition of two hot spring inns[34] - The segment revenue from Japanese pachinko and pachislot operations was 12,649 million JPY, accounting for 92.6% of total revenue[181] Assets and Liabilities - Current assets as of September 30, 2024, were ¥12,336 million, down from ¥13,872 million as of March 31, 2024, representing a decrease of approximately 11.1%[10] - Total assets amounted to ¥64,677 million, a slight decrease from ¥65,760 million in the previous period, indicating a reduction of about 1.7%[10] - Total liabilities as of September 30, 2024, were 20,382 million yen, with a current liability net amount of 1,337 million yen[136] - The company's total equity as of September 30, 2024, was 19,210 million yen, reflecting a decrease from the previous period[134] Cash Flow and Financing - Operating cash flow (before changes in working capital) for the six months ended September 30, 2024, was ¥3,601 million, compared to ¥3,003 million in the previous year[49] - Total cash and cash equivalents as of September 30, 2024, were ¥10,150 million, down from ¥12,350 million as of March 31, 2024[49] - The company incurred a cash outflow of 2,292 million yen from investing activities for the six months ended September 30, 2024, compared to an outflow of 1,119 million yen in the same period of 2023[132] - The company reported a decrease in interest paid, totaling 3,819 million yen for the six months ended September 30, 2024, down from 3,972 million yen in the previous year[132] Strategic Focus and Operations - The company continues to focus on leveraging digital technology and cost-saving measures to maintain stable returns amid recovering consumer demand and tourism in Asia[18] - The company aims to capitalize on new opportunities and enhance its operational efficiency as part of its strategic focus moving forward[18] - The company remains open to market expansion opportunities, including acquisitions and new store openings, despite global economic challenges[24] - The company has ceased its restaurant operations in China as of August 2023, focusing on its core business in Japan and Southeast Asia[134] Governance and Shareholder Information - The company maintains a strong governance structure with major shareholders holding significant stakes[73] - The company’s chairman has held both the chairman and CEO roles since April 2010, which is considered beneficial for the overall interests of the company and its shareholders[65] - Major shareholders include DENSHO Co., Ltd. with 226,020,460 shares (18.90%) and JUKKI Limited with 181,470,000 shares (15.17%) [73] - The company adhered to all applicable principles and code provisions of the corporate governance code, except for the separation of the roles of chairman and CEO[64] Changes and Developments - The company has undergone a change in the board of directors, with Akihiro Oishi resigning as an executive director effective June 28, 2024[82] - The company did not engage in any significant investments, acquisitions, or disposals during the six months ended September 30, 2024, aside from the acquisitions disclosed in the interim report[60] - The company has not disclosed any new strategies or market expansions in the current report [81] - There is no mention of new product launches or technological developments in the current financial report [84]
NIRAKU(01245) - 2025 - 中期财报