Financial Performance - For the six months ended September 30, 2022, the company's revenue was 12,363 million JPY, an increase of 1,568 million JPY compared to 10,795 million JPY for the same period in 2021[10]. - The pre-tax profit for the same period was 1,626 million JPY, remaining stable compared to 1,625 million JPY in the previous year[18]. - Net profit attributable to the company's owners decreased by 12.0% to 1,063 million JPY from 1,209 million JPY year-on-year[18]. - The overall revenue margin was 18.4%, a decrease from 19.6% in the previous year[12]. - Operating profit for the same period was ¥2,099 million, slightly down from ¥2,193 million year-on-year, representing a decrease of 4.3%[91]. - Net profit for the period was ¥1,005 million, a decrease of 16.5% from ¥1,203 million in the previous year[94]. - Total comprehensive income for the period was ¥823 million, compared to ¥1,185 million in the previous year, indicating a decrease of 30.6%[94]. - Basic earnings per share for the six months ended September 30, 2022, was 0.89 JPY, compared to 1.01 JPY for the same period last year[40]. - The company reported a foreign exchange loss of ¥178 million for the period, compared to a loss of ¥8 million in the previous year[94]. Revenue Breakdown - Japanese pachinko machine revenue increased by 5,998 million yen to 59,179 million yen for the six months ended September 30, 2022, reflecting an 11.3% growth compared to the previous period[19]. - The amusement park business revenue surged to 887 million yen, an increase of 790 million yen or 800% compared to the same period last year[20]. - Restaurant business revenue increased by 203 million yen or 176.5% to 318 million yen, driven by the full reopening of restaurants after the lifting of operating hour restrictions[36]. - Revenue from Japanese pachinko and pachislot hall operations was ¥10,893 million, up from ¥10,400 million in the previous year, reflecting a growth of approximately 4.7%[166]. - The company’s restaurant operations generated revenue of ¥318 million, significantly up from ¥115 million in the previous year, marking an increase of approximately 176.5%[166]. Expenses and Costs - The gaming hall operating expenses were 9,257 million JPY, an increase from 8,523 million JPY in the previous year[12]. - Administrative and other operating expenses decreased by 26 million JPY or 1.5% to 1,760 million JPY for the six months ended September 30, 2022, from 1,786 million JPY in the previous year, due to effective cost control measures[38]. - Operating expenses for game halls increased by 734 million JPY or 8.6% to 9,257 million JPY for the six months ended September 30, 2022, compared to 8,523 million JPY for the same period last year[37]. - The total expenses related to Japanese pachinko and pachislot machines for the six months ended September 30, 2022, were ¥3,046 million, an increase from ¥2,835 million in the previous year, representing an increase of approximately 7.4%[200]. Investments and Capital Expenditures - The total investment amount for the period was 59,179 million JPY, compared to 53,181 million JPY in the previous year, reflecting an increase of approximately 11.3%[12]. - Capital expenditures primarily included purchases for constructing buildings and maintaining gaming equipment, with detailed usage to be provided in subsequent reports[50]. - The company incurred a net cash outflow from investing activities of 70 million yen for the six months ended September 30, 2022, compared to an outflow of 370 million yen in the previous year, showing a significant reduction in investment losses[122]. Cash Flow and Liquidity - Cash and cash equivalents amounted to 11,162 million JPY as of September 30, 2022, down from 11,451 million JPY as of March 31, 2022[44]. - The group’s operating cash flow (before changes in working capital) for the six months ended September 30, 2022, was 4,314 million JPY, an increase from 3,245 million JPY in the previous year[44]. - The net cash flow from operating activities for the six months ended September 30, 2022, was 3,708 million yen, up from 2,802 million yen in the same period last year, indicating a growth of about 32.3%[122]. - The financing activities resulted in a net cash outflow of 3,874 million yen for the six months ended September 30, 2022, compared to 7,129 million yen in the same period last year, reflecting a decrease of approximately 45.5%[122]. Shareholder Information - As of September 30, 2022, the company had issued 1,195,850,460 shares, with significant shareholders including Hisanori Taniguchi holding 7.16% of the shares[65]. - Densho Limited holds 225,560,460 shares, representing an 18.86% ownership stake in the company[73]. - Jukki Limited owns 181,010,000 shares, accounting for a 15.14% ownership stake[73]. - The board declared an interim dividend of 0.17 yen per ordinary share for the six months ended September 30, 2022, compared to no dividend for the same period in 2021[77]. Strategic Initiatives - The company plans to install Smart Slots machines by the end of Q3 2022 and launch Smart Pachinko machines in April 2023 to enhance customer experience and safety[24]. - New amusement parks will be opened in collaboration with Aeon shopping centers, with one set to operate in Cambodia by the end of 2022[25]. - The company aims to expand its hotel business and is seeking new opportunities despite ongoing economic challenges[24]. - The company plans to continue expanding its operations in Southeast Asia and China, focusing on the amusement and restaurant sectors[124]. Financial Position - The current ratio of assets to liabilities was 1.54, slightly up from 1.49 in the previous year, indicating improved liquidity[12]. - The debt-to-equity ratio was 1.5 as of September 30, 2022, down from 1.6 as of March 31, 2022[49]. - Total assets as of September 30, 2022, were ¥67,170 million, a slight decrease from ¥68,300 million as of March 31, 2022[110]. - Total liabilities decreased to ¥47,804 million from ¥49,279 million, showing a reduction of 3.0%[110]. Audit and Compliance - The company's financial data for the six months ending September 30, 2022, was reviewed by the audit committee and has been prepared in accordance with international accounting standards[78]. - The interim financial data was reviewed by PwC Hong Kong, confirming compliance with international accounting standards[88].
NIRAKU(01245) - 2023 - 中期财报