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]
OKURA HOLDINGS(01655) - 2022 - 年度财报