Financial Performance - Total revenue for the fiscal year 2024 reached ¥26,955 million, an increase of 9.5% compared to ¥24,612 million in 2023[7] - The operating profit before tax for fiscal year 2024 was ¥1,831 million, up from ¥1,489 million in 2023, reflecting a growth of 23%[7] - The net profit attributable to the owners of the company for fiscal year 2024 was ¥694 million, a decrease of 42% from ¥1,198 million in 2023[7] - The company’s net profit margin for fiscal year 2024 was 2.6%, down from 4.8% in 2023[7] - Basic earnings per share for the fiscal year were ¥0.58, down from ¥1.00 in the previous year[40] Investment and Capital Expenditure - The company reported a total investment amount of ¥131,835 million for fiscal year 2024, compared to ¥119,837 million in 2023, indicating an increase of 10.5%[7] - The capital expenditure for the year ended March 31, 2024, was ¥3,551 million, an increase from ¥2,865 million in the previous year, showing a rise of approximately 23.8%[49] - Total investment in Japanese-style pachinko and slot machine operations rose by ¥11,998 million or 10.0% to ¥131,835 million, driven by improved customer flow and economic recovery in Japan[28] Revenue Streams - Revenue from Japanese-style pachinko and slot machine operations increased by ¥2,049 million or 9.3% to ¥23,944 million for the fiscal year ending March 31, 2024, compared to ¥21,895 million in 2023[27] - Revenue from amusement park operations decreased by ¥23 million or 1.3% to ¥1,687 million, with contributions from Vietnam and Cambodia being ¥1,135 million and ¥552 million respectively[31] - Restaurant business revenue surged by ¥228 million or 47.5% to ¥708 million, driven by the popularity of "KOMEDA" café and the opening of "LIZARRAN" restaurant[32] Operational Highlights - The company operates 49 game halls with over 28,800 machines, serving customers across ten prefectures in Japan[3] - The number of installed amusement machines increased by 1.6% compared to the previous fiscal year, expanding the revenue base equivalent to opening a new game center[14] - A total of 37 game centers have implemented self-service kiosks, covering 75% of the game centers, enhancing customer service efficiency[16] Financial Position - Current assets as of March 31, 2024, were ¥13,872 million, an increase from ¥12,396 million in 2023[9] - The total assets for the company as of March 31, 2024, were ¥65,760 million, slightly down from ¥65,804 million in 2023[9] - The total borrowings and lease liabilities as of March 31, 2024, were ¥38,357 million, a decrease from ¥39,936 million as of March 31, 2023, reflecting a reduction of about 4.0%[45] - The total equity as of March 31, 2024, was ¥18,981 million, a slight decrease from ¥19,294 million as of March 31, 2023, indicating a reduction of about 1.6%[45] Dividend and Shareholder Information - The company declared a final dividend of ¥0.17 per share, compared to ¥0.11 per share in the previous year[40] - The company's distributable reserves amounted to approximately 2,467 million JPY as of March 31, 2024[137] - The major shareholder, Densho Co., Ltd., holds 226,020,460 shares, representing 18.90% of the total shares[153] Governance and Compliance - The company emphasizes sustainable growth through environmental, social, and governance (ESG) management principles, focusing on long-term contributions to society[22] - The board consists of eight directors, including three executive directors and four independent non-executive directors[60] - The company plans to appoint at least one female director by the end of December 2024 as part of its board diversity policy[67] - The company has established a code of conduct applicable to employees and directors, which is regularly reviewed[65] Risk Management - The company has implemented a formal whistleblowing policy to allow employees to express concerns regarding risks and internal operations[98] - The risk management office continuously monitors and reviews the risk management and internal control systems, reporting on their status to the audit committee[96] - The company faces risks related to the ongoing decline in the pachinko industry and uncertainties regarding the performance of existing and new amusement facilities[130] Audit and Financial Reporting - The group’s financial statements were audited in accordance with International Financial Reporting Standards, reflecting a true and fair view of the financial position as of March 31, 2024[172] - The independent auditor's report confirmed compliance with Hong Kong Companies Ordinance disclosure requirements[172] - The audit report was issued by PwC on May 27, 2024[200]
NIRAKU(01245) - 2024 - 年度财报