Financial Performance - Total revenue amounted to ¥130,363 million (or HK$6,740 million), reflecting an 11.2% increase year-over-year[2] - Profit before income tax was ¥5,435 million (or HK$281 million), up 38.0% from the previous year[2] - Net profit attributable to owners of the company was ¥3,384 million (or HK$175 million), representing an 87.4% increase year-over-year[2] - Consolidated operating profit reached 8,983 million JPY, up 32.8% year-over-year[22] - Consolidated net profit for the year was 3,385 million JPY, reflecting a significant increase of 88.3% from the prior year[22] - Total revenue for the fiscal year ending March 31, 2024, was 130,363 million JPY, an increase of 11.5% from 117,206 million JPY in the previous year[38] - Operating profit for the year was JPY 8,983 million, compared to JPY 6,764 million in the previous year, reflecting a growth of 32.5%[38] - Net income for the year reached JPY 3,385 million, a substantial increase from JPY 1,798 million, resulting in a basic and diluted earnings per share of JPY 4.8, up from JPY 2.5[38] - Total comprehensive income for the year was JPY 8,082 million, compared to JPY 2,107 million in the previous year, indicating a significant improvement[39] Investment and Expansion - Total investment reached ¥562,029 million (or HK$29,060 million), an increase of 10.7% compared to the previous fiscal year[2] - The company aims to leverage its position as a leader in the Japanese pachinko industry through multi-hall development and low-cost operations[6] - The company plans to continue expanding its network of gaming halls by opening new standard gaming halls and acquiring existing operators[9] - The company has acquired multiple Japanese pachinko parlors through share exchange and absorption-type company splits, expanding its network significantly[10][11] - The company targets small business areas with a residential population of 30,000 to 50,000 for new parlor openings, focusing on suburban development strategies[10] - The company is focusing on expanding its market presence by developing new gaming halls in larger market segments, rather than solely relying on opening new locations[63] Gaming Operations - As of March 31, 2024, the company operated 433 gaming halls, up from 429 gaming halls as of the previous year[2] - The company has standardized the layout and number of gaming machines in its parlors, which helps reduce initial investment costs and shorten construction time[10] - Approximately 60% of the operating costs for the parlors are related to the use of second-hand gaming machines and the establishment of distribution centers[13] - The company has set up 16 distribution centers across Japan to manage logistics and share gaming machines among parlors efficiently[14] - The company is renovating multiple gaming halls to increase the number of Japanese-style slot machines, aiming to enhance profitability and competitiveness[23] Revenue Breakdown - Revenue from gaming machine operations was JPY 124,480 million, up from JPY 114,331 million, while revenue from aircraft leasing operations increased significantly to JPY 5,883 million from JPY 2,875 million[38] - Revenue for the Japanese pachinko business increased by 10,149 million yen (approximately 524 million HKD) or 8.9% to 124,480 million yen (approximately 6,436 million HKD) for the fiscal year ending March 31, 2024[27] - High-stakes gaming hall revenue rose by 2,473 million yen (approximately 127 million HKD) or 4.4% to 58,466 million yen (approximately 3,023 million HKD) for the fiscal year ending March 31, 2024, with a revenue rate decrease of 0.5 percentage points to 19.9%[28] - Low-stakes gaming hall revenue increased by 7,676 million yen (approximately 397 million HKD) or 13.2% to 66,014 million yen (approximately 3,413 million HKD) for the fiscal year ending March 31, 2024, with a revenue rate decrease of 0.4 percentage points to 24.6%[28] Expenses and Liabilities - The total expenses for the Japanese pachinko business increased by 8,189 million yen (approximately 423 million HKD) or 7.4% to 118,673 million yen (approximately 6,136 million HKD) for the fiscal year ending March 31, 2024[29] - Aircraft leasing expenses increased by 1,416 million yen (approximately 73 million HKD) or 77.2% to 3,250 million yen (approximately 168 million HKD) for the fiscal year ending March 31, 2024[32] - General and administrative expenses decreased by 133 million yen (approximately 7 million HKD) or 3.1% to 4,176 million yen (approximately 216 million HKD) for the fiscal year ending March 31, 2024[33] - The total liabilities for the company as of March 31, 2024, were 234,557 million JPY, compared to 197,181 million JPY in the previous year, indicating an increase of approximately 19%[57] Taxation and Financial Position - The company reported a total income tax expense of 2,050 million JPY for the fiscal year ending March 31, 2024, compared to 2,139 million JPY in 2023[76] - The effective statutory tax rate for the group is approximately 31% for the fiscal years ending March 31, 2023, and March 31, 2024[76] - The company has recognized a goodwill primarily attributed to the expected excess earning capacity of the acquired pachinko business[65] - The company plans to start paying business tax from the fiscal year beginning April 1, 2026, following tax reform approval[77] Shareholder Information - Basic earnings per share were ¥4.8 (or HK$0.2)[2] - The board declared a final dividend of ¥2.5 per share[2] - The total dividend declared for the fiscal year 2024 is 3,503 million JPY, slightly down from 3,574 million JPY in 2023[79] - The company proposed a final dividend of 2.5 JPY per share, expecting a total payout of approximately 1,741 million JPY based on 696,443,096 shares issued as of June 6, 2024[90] Corporate Structure and Governance - DYNAM JAPAN HOLDINGS Co., Ltd was established on September 20, 2011, and is listed on the Hong Kong Stock Exchange since August 6, 2012[44] - The consolidated financial statements as of March 31, 2024, include the company and its subsidiaries, with two reportable segments: "Japanese-style Pachinko Business" and "Aircraft Leasing Business"[44] - The current executive director is Akira Hosaka, with several non-executive directors listed.[95]
DYNAM JAPAN(06889) - 2024 - 年度业绩