Financial Performance - For the fiscal year ending March 31, 2024, the company reported a profit of 694 million JPY from continuing operations, compared to 1,198 million JPY in the previous year, indicating a decrease of approximately 42%[1]. - The company reported a net profit of ¥1,053 million for the year, with a pre-tax profit of ¥1,363 million[22]. - The company reported a net income of 118 million JPY for the fiscal year, down from the previous year's figures[52]. - The total comprehensive income for the year was a loss of 73 million yen, compared to a comprehensive income of 954 million yen in the previous year[92]. - The company reported a basic earnings per share (EPS) of 0.58 JPY for the fiscal year ending March 31, 2024, compared to 1.00 JPY in the previous year, reflecting a decrease of 42%[34]. - Basic earnings per share from continuing operations was ¥0.58 (or HK36 million), a decrease of ¥504 million compared to the previous year[113]. Revenue and Sales - The company recognized revenue from unused tokens and gaming chips amounting to 1,667 million JPY for the year, an increase of 22% from 1,371 million JPY in the previous year[9]. - Revenue from external customers amounted to ¥24,612 million, with a breakdown of ¥22,273 million from Japan and ¥1,710 million from Southeast Asia[22]. - The total revenue from external customers for the fiscal year was 26,247 million JPY, with a significant contribution from the Japanese market[52]. - The total revenue from the Japanese pachinko and pachislot business increased by 2,049 million yen or 9.3% to 23,944 million yen, attributed to the recovery of the Japanese economy and improved customer flow[174]. - The revenue from the restaurant operations in Japan for the fiscal year ending March 31, 2024, is expected to reach ¥708 million, up from ¥480 million in the previous year[136]. - The revenue from amusement park operations for the fiscal year ending March 31, 2024, is projected to be ¥1,687 million, slightly down from ¥1,710 million in the previous year[136]. - The revenue from vending machines in 2024 reached 453 million yen, an increase of 75 million yen or 19.9% from 378 million yen in 2023, driven by increased customer flow[153]. Assets and Liabilities - The total assets as of March 31, 2024, were 65,760 million JPY, slightly down from 65,804 million JPY in the previous year[3]. - The total equity attributable to the company was 18,981 million JPY, a decrease from 19,294 million JPY in the previous year[15]. - Non-current liabilities decreased to 32,762 million JPY from 34,894 million JPY year-over-year, reflecting a reduction of approximately 6%[15]. - The company reported a total debt of 46,779 million JPY, slightly up from 46,510 million JPY in the previous year[15]. - The total liabilities from discontinued operations were reported at 243 million JPY, with a loss of 431 million JPY recognized in the comprehensive income statement[61]. - The net current liabilities of the group as of March 31, 2024, stand at ¥145 million, suggesting a manageable debt level[132]. - The total amount of borrowings and lease liabilities was 38,357 million JPY as of March 31, 2024, down from 39,936 million JPY in 2023[188]. Operational Changes - The company terminated its restaurant operations in China in August 2023, which is reflected in the discontinued operations for the reporting period[10]. - The company has decided to exit its restaurant business in China, officially terminating operations on August 15, 2023, to improve financial conditions[30]. - The group has ceased its restaurant operations in China as of August 2023, focusing on its core businesses in Japan and Southeast Asia[123]. Investments and Expenditures - The company reported a total capital expenditure of ¥80 million for the year, down from ¥172 million in the previous year[32]. - The subsidiary Nexia Inc. invested a total of 880 million yen to acquire a property in the prime area of Gunma City in March 2024[80]. - The company plans to open multiple new AEON shopping mall locations in Vietnam starting from 2025, despite an increasingly competitive environment[82]. Financial Management - The company believes it has the ability to meet its financial obligations in the foreseeable future, thus preparing the financial statements on a going concern basis[6]. - The company’s financial income from ongoing operations was ¥84 million, with a financial cost of ¥979 million[28]. - The net financial cost for the year was ¥891 million, slightly down from ¥887 million in the previous year[28]. - The company faced an impairment loss of 586 million yen on property, plant, and equipment, as per International Accounting Standard 36[157]. - The company recognized impairment losses of approximately 284 million JPY on cash-generating units for the fiscal year ending March 31, 2024, compared to 371 million JPY in the previous year[73]. Market and Economic Conditions - The GDP growth rate in Vietnam slowed from 8.0% in the previous year to 5.1%, while Cambodia's GDP growth rate slightly decreased from 5.2% to 5.0%[107]. - Revenue from the overseas business Dream Games decreased by 1.3% to 1,687 million JPY due to the economic slowdown in Vietnam and Cambodia[103]. Future Outlook and Strategy - The company aims to continuously embrace challenges and adapt to social changes to ensure sustainable development over the next century[148]. - The company plans to expand its market presence and innovate through new product development and technology advancements[147]. - The company plans to enhance its operational efficiency through digitalization and renovation of existing game halls[83]. - The company aims to increase the number of amusement machines and ensure stable profitability through investments in new game halls and acquisitions[83].
NIRAKU(01245) - 2024 - 年度业绩