Financial Performance - For the six months ended September 30, 2023, the revenue from Japanese-style pachinko machines increased significantly by 4,711 million yen to 63,890 million yen, compared to 59,179 million yen in the previous period[48]. - Total revenue for the six months ended September 30, 2023, was 13,189 million JPY, an increase of 907 million JPY or 7.4% compared to 12,282 million JPY for the same period in 2022[70]. - Net profit attributable to the company's owners for the six months ended September 30, 2023, was 622 million JPY, down from 1,116 million JPY in the same period last year, reflecting increased expenses related to machine replacements[87]. - The operating profit for the same period was ¥1,399 million, down from ¥2,201 million year-over-year, indicating a decline of 36.4%[160]. - The net profit attributable to the company’s owners for continuing operations was ¥622 million, compared to ¥1,116 million in the previous year, reflecting a decrease of 44.4%[160]. Assets and Liabilities - As of September 30, 2023, total assets amounted to 66,207 million yen, with current assets at 12,980 million yen[41]. - The total liabilities as of September 30, 2023, were not specified, but the company had no significant contingent liabilities[10]. - The company’s non-current assets included property, plant, and equipment valued at 14 million yen as of September 30, 2023[41]. - The group remains open to market expansion opportunities, including business acquisitions and establishing new branches, despite geopolitical pressures and economic uncertainties[98]. - As of September 30, 2023, the group's current liabilities totaled ¥259 million, with a current ratio of 0.98, down from 1.07 on March 31, 2023[91]. Cash Flow and Financing - The company’s cash and cash equivalents stood at 11,122 million yen as of September 30, 2023[41]. - Cash and cash equivalents amounted to ¥11,122 million, an increase from ¥10,435 million as of March 31, 2023[91]. - The net financing cost for the six months ended September 30, 2023, was 430 million JPY, a decrease of 41 million JPY or 8.7% from 471 million JPY in the same period last year[86]. - The company incurred financing costs of ¥477 million, which contributed to a net financing cost of ¥430 million for the period[160]. - Total bank borrowings, including bank loans and syndicated loans, reached ¥10,612 million as of September 30, 2023, compared to ¥10,206 million as of March 31, 2023, reflecting an increase of 4.0%[134]. Revenue Segments - Revenue from the Southeast Asia segment reached 941 million JPY, returning to pre-pandemic levels, driven by strong domestic demand and increased spending on children's entertainment[72]. - The restaurant segment, including LIZARRAN and KOMEDA, saw revenue rise by 47% to 349 million JPY from 237 million JPY in the same period last year, benefiting from the recovery of inbound tourism[73]. - Revenue from Japanese pachinko and slot machine operations increased by ¥725 million or 6.7% to ¥11,618 million for the six months ended September 30, 2023, compared to ¥10,893 million for the same period last year[103]. - Total payout increased by ¥3,986 million or 8.3% to ¥52,272 million for the six months ended September 30, 2023, from ¥48,286 million in the previous year[105]. - The operating income from amusement parks rose to ¥941 million, including revenues from Vietnam and Cambodia of ¥658 million and ¥283 million, respectively[106]. Corporate Governance and Shareholder Information - The company’s board of directors includes notable members such as Mr. Hisanori Taniguchi (Chairman) and Mr. Akihiro Oishi[8]. - Major shareholders include Densho Limited with an ownership of 225,560,460 shares, representing 18.86% of total shares[170]. - The company has adopted the corporate governance code and confirmed compliance with the standards for securities trading by directors[140]. - The company declared an interim dividend of JPY 0.09 per ordinary share for the six months ended September 30, 2023, down from JPY 0.17 per share for the same period in 2022[172]. - No shares were repurchased or sold by the company or its subsidiaries during the six-month period[141]. Operational Developments - The company has expanded its Self-POS prize redemption system from 10 to 31 game centers, enhancing customer experience and reducing labor costs[1]. - The company has initiated the installation of Smart Slots and Smart Pachinko machines to meet the growing demand for contactless technology[1]. - The company plans to open two new LIZARRAN restaurants and one KOMEDA café in Yokohama by 2024, reflecting optimism in the restaurant segment[77]. - The company has been operating Japanese-style pachinko halls for over 60 years, with a strong network established since its first hall opened in 1950[4]. - The company aims to enhance customer experience, reflecting its motto of "Creating Happy Times" through its operations[4]. Employee Information - As of September 30, 2023, the company had 1,571 employees, with compensation policies determined by the performance and qualifications of employees[123]. - The company did not engage in any significant investments, acquisitions, or disposals during the six months ended September 30, 2023[122]. Financial Review and Compliance - The unaudited consolidated financial data for the six months ended September 30, 2023, was reviewed by the audit committee and has been prepared in accordance with International Accounting Standard 34[173]. - The company’s financial results were reviewed by PwC, ensuring compliance with international review standards[177]. - The interim financial data includes comprehensive income statements and cash flow statements for the six-month period[176].
NIRAKU(01245) - 2024 - 中期财报