Financial Performance - Revenue was 28,316 million JPY (or 1,473 million HKD), an increase of 5.0% compared to the fiscal year ending March 31, 2024[4] - Profit before tax from continuing operations was 1,652 million JPY (or 86 million HKD), a decrease of 9.8% compared to the fiscal year ending March 31, 2024[4] - Net profit attributable to the company from continuing operations was 607 million JPY (or 32 million HKD), a decrease of 87 million JPY compared to the fiscal year ending March 31, 2024[4] - Basic earnings per share from continuing operations were 0.51 JPY (or 0.03 HKD), down from 0.58 JPY in the fiscal year 2024[4] - Total revenue for the fiscal year ending March 31, 2025, is reported at 28,316 million yen, an increase from 26,955 million yen for the previous year, representing a growth of approximately 5%[5] - Operating profit from continuing operations is 2,534 million yen, compared to 2,722 million yen in the previous year, indicating a decrease of about 7%[5] - The company reported a net income of 607 million JPY for the year, compared to 118 million JPY in the previous year, indicating a significant increase[6] - Total comprehensive income for the year was 565 million JPY, a decrease from 73 million JPY in the previous year[7] - The company reported a total payout of 120,366 million JPY in dividends, compared to 107,891 million JPY in the previous year, representing an increase of approximately 11%[18] - The company reported a total loss of 547 million JPY for the fiscal year ending March 31, 2024, with a basic loss per share of (0.23) JPY[32] Investment and Capital Expenditures - Total investment amount was 145,091 million JPY (or 7,549 million HKD), an increase of 10.1% compared to the fiscal year ending March 31, 2024[4] - Capital expenditures for the fiscal year ending March 31, 2025, are expected to be ¥4,223 million, up from ¥3,551 million in the previous year, representing an increase of approximately 18.9%[25] - The company has entered into two purchase agreements for hotel properties totaling 1,156.8 million JPY, with 25% of the price to be funded by minority shareholders[14] - The company acquired 100% of the issued shares of two hotel property companies for a cash consideration of 1 JPY each, along with a loan of 100 million JPY to assist with repayment obligations[45][46] - The identifiable net assets acquired from the purchase amounted to 100 million JPY, including cash and cash equivalents of 18 million JPY and property, plant, and equipment valued at 229 million JPY[48] Operational Highlights - The company operated 49 gaming halls in Japan as of the announcement date, unchanged from March 31, 2024[4] - The number of installed gaming machines reached 29,192 units by the end of March 2025, marking a new high for the company[50] - The company has introduced self-service kiosks in 46 gaming halls, representing 94% of the total, to enhance customer satisfaction and operational efficiency[51] - The company continues to adapt its gaming hall operations to improve sales capabilities and has successfully transformed unprofitable locations into top-performing venues in their respective areas[52] - The company has reported a significant increase in user data, reflecting a growing customer base[6] Discontinued Operations - The company terminated its restaurant operations in China in August 2023, and this segment is reported as discontinued operations[21] - The bankruptcy plan for the terminated operations in China was approved by the board on September 19, 2023, with the bankruptcy proceedings currently ongoing[30] - The financial performance of discontinued operations will be presented in the consolidated comprehensive income statement as per IFRS 5[31] - The company reported a net loss of 431 million JPY due to the early termination of a restaurant lease, with a total lease liability recognized at 243 million JPY[32] Future Outlook and Strategy - The company aims to enhance its market presence through new product development and strategic partnerships in the upcoming fiscal year[5] - Future guidance indicates a focus on improving operational efficiency and exploring potential mergers and acquisitions to drive growth[5] - The company plans to invest in technology advancements to enhance user experience and expand its service offerings[5] - The company plans to focus on expanding its market presence and developing new technologies in the upcoming fiscal year[6] - The company aims to address local issues to create new business opportunities and reduce future operational risks, emphasizing regional development as a key future task[62] Financial Position - The total assets of the company as of the reporting date were 694 million yen, reflecting a stable asset base[5] - Total assets decreased to 63,653 million JPY from 65,760 million JPY year-over-year[8] - The company’s total liabilities decreased to 50,847 million JPY from 51,888 million JPY[8] - The total equity of the company as of March 31, 2025, is 19,235 million JPY, an increase from 18,981 million JPY in the previous year[9] - The company's total liabilities amount to 44,418 million JPY, down from 46,779 million JPY year-over-year[9] Corporate Governance and Compliance - The company has adopted and complied with all applicable principles and rules of the Corporate Governance Code as of March 31, 2025, except for the separation of roles between the Chairman and CEO[95] - The company’s audit committee, along with management and external auditors, reviewed the accounting principles and policies adopted for the year ended March 31, 2025[100] - The annual general meeting of shareholders will be held on June 30, 2025, at a specified location in Fukushima, Japan[102] Market and Economic Environment - The company anticipates challenges in the economic environment due to inflation and currency depreciation, impacting consumer purchasing power and spending behavior[49] - Management believes that the recent acquisitions present a good opportunity for further expansion in the hotel business following the strong recovery of Japan's tourism industry post-COVID-19[92]

Financial Performance - The Group's revenue for the Relevant Period was $6.8 million, a decrease of $0.2 million or 3.3% compared to $7.1 million in the Previous Period[14]. - The Group's profit for the Relevant Period was $173,000, down from a profit of $506,000 in the Previous Period[14]. - Gross profit for the Relevant Period was $2.3 million, compared to $2.5 million in the Previous Period[16]. - The Group's earnings per share for the Relevant Period were 0.02 cents, down from 0.06 cents in the Previous Period[16]. - The total comprehensive income for the period ended March 31, 2025, was $173,000, an increase from $506,000 for the period ended March 31, 2024[18]. - Consolidated profit before taxation for 2025H1 was $267,000, a decline of 55.3% compared to $596,000 in 2024H1[38]. - Segment profit for 2025H1 was $2,304,000, down 11.4% from $2,494,000 in 2024H1[38]. - Total revenue for 2025H1 was $6,837,000, a decrease of 3.25% from $7,067,000 in 2024H1[35]. Expenses and Liabilities - Selling and distribution expenses increased to $1.046 million from $0.914 million in the Previous Period[16]. - Employee costs, including Directors' remuneration, increased to $1.6 million during the Relevant Period, up from $1.3 million in the previous period[100]. - The Group's current taxation for 2025H1 was $94,000, compared to $90,000 in 2024H1[41]. - The Group's total liabilities were $3.3 million as of March 31, 2025, down from $3.6 million as of September 30, 2024[86]. Assets and Equity - Total assets as of March 31, 2025, were $21.695 million, slightly down from $21.785 million as of September 30, 2024[17]. - Total equity attributable to shareholders increased to $18.364 million from $18.191 million[17]. - The total equity of the company increased to $18,364,000 as of March 31, 2025, compared to $17,334,000 as of March 31, 2024, indicating a growth of 5.9%[18]. - Cash and cash equivalents rose to $3.682 million from $3.453 million[17]. - Cash and bank balances at the end of the first half of 2025 were $3,682,000, up from $2,868,000 at the end of the first half of 2024, representing a 28.4% increase[19]. Dividends - The Board has resolved not to declare any dividend for the Relevant Period[14]. - The company has resolved not to declare any dividend for 2025H1, consistent with 2024H1[81]. Business Operations - The Group's principal activity remains the supply of tissue products to corporate customers in Singapore, with a focus on tissue and hygiene-related products[22][28]. - The company remains optimistic about industry growth in Singapore, emphasizing the necessity of tissue products[63][64]. - Major customer Company A contributed $1,142,000 to revenue in 2025H1, down from $1,295,000 in 2024H1[38]. - Sales of hygiene-related products decreased by 14.3%, amounting to a reduction of $64,000[80]. Corporate Governance - The company has adopted and complied with the Corporate Governance Code, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[135]. - The Audit Committee consists of three independent non-executive Directors, ensuring proper oversight of financial statements[136]. - All Directors confirmed compliance with the Required Standard of Dealings during the Relevant Period[125]. Future Outlook - Future outlook indicates a revenue growth target of 15% for FY2025, driven by new product launches and market expansion strategies[147]. - The company is investing in research and development for innovative technologies, with a budget allocation of HK$50 million for FY2024[148]. - Market expansion plans include entering two new international markets by the end of FY2025, aiming for a 10% market share in each[145]. - A new product line is set to launch in Q1 FY2025, expected to contribute an additional HK$20 million in revenue[147]. - The company aims to improve operational efficiency by 5% through process optimization initiatives in FY2024[148]. Shareholder Information - Mr. Chua Liang Sie holds 552,000,000 shares, representing 69% of the total issued shares of YJH Group Limited[112]. - Mr. Chua Liang Chui holds 552,000,000 shares, also representing 69% of the total issued shares of YJH Group Limited[112]. - YJH Group Limited is approximately 82.76% owned by Mr. Chua Liang Sie and 17.24% by Mr. Chua Liang Chui[113]. Compliance and Regulations - The company has confirmed compliance with the trading standards by all Directors during the relevant period[131]. - The company is committed to ensuring that its business activities and decision-making processes are regulated in a prudent manner[134]. - Forward-looking statements in the report involve known and unknown risks that could cause actual results to differ materially[139].

Financial Performance - For the three months ended March 31, 2025, the company reported revenue of RMB 2,586,953 thousand, an increase of 8.8% compared to RMB 2,377,626 thousand for the same period in 2024[4] - Gross profit for the same period was RMB 409,680 thousand, reflecting a year-on-year growth of 7.1% from RMB 382,485 thousand[4] - The company achieved a net profit of RMB 227,515 thousand, which is a 15.8% increase from RMB 196,431 thousand in the previous year[4] - The adjusted profit before tax rose to RMB 328,124 thousand, marking a 17.3% increase compared to RMB 279,744 thousand in 2024[4] - Operating profit rose from RMB 284.0 million for the three months ended March 31, 2024, to RMB 316.0 million for the same period in 2025, with an operating margin increase from 11.9% to 12.2%[17] - Net profit for the three months ended March 31, 2025, was RMB 227.5 million, resulting in a net profit margin of 8.8%, up from RMB 196.4 million and 8.3% in the prior year[21] - Adjusted net profit for the three months ended March 31, 2025, was RMB 242.2 million, compared to RMB 208.9 million in the same period of 2024[24] - Adjusted pre-tax profit margin increased from 11.8% in 2024 to 12.7% in 2025[25] Operational Metrics - Total freight volume reached 3,045 thousand tons, up 5.9% from 2,875 thousand tons in the same period last year[7] - The total number of tickets processed increased by 28.2% to 40,465 thousand tickets from 31,568 thousand tickets in 2024[7] - The average transportation service price decreased by 2.3% to RMB 432 per ton, while the average value-added service price increased by 12.6% to RMB 188 per ton[8] - The average delivery time was optimized to approximately 65 hours as of March 2025, reflecting improvements in service quality[7] Cost Management - Operating costs increased by 9.1% from RMB 1,995.1 million for the three months ended March 31, 2024, to RMB 2,177.3 million for the three months ended March 31, 2025[13] - Financial costs decreased by 55.3% from RMB 17.0 million for the three months ended March 31, 2024, to RMB 7.6 million for the same period in 2025, primarily due to loan repayments[18] - General and administrative expenses decreased by 15.8% from RMB 128.5 million for the three months ended March 31, 2024, to RMB 108.2 million for the same period in 2025[15] - Other income and gains decreased from RMB 30.1 million for the three months ended March 31, 2024, to RMB 14.5 million for the same period in 2025[16] Liquidity and Financial Position - Cash and cash equivalents as of March 31, 2025, were RMB 2,006 million, indicating strong liquidity[26] Strategic Initiatives - The company expanded its network, increasing the number of freight partners and agents to over 36,000, up from approximately 29,400 in the previous year[7] - The company continues to focus on enhancing product competitiveness and operational efficiency through digital infrastructure improvements[6] Governance - The board of directors consists of executive directors Qin Xinghua and Jin Yun, non-executive directors Chen Weihao, Zhang Yinghao, and Wei Bin, and independent non-executive directors Li Wei, Ge Xiaochu, Sha Sha, and Hong Changfu[28]

Director Retirements - The company clarified that the retiring directors listed on page 37 of the 2024 annual report should be Mr. Wang Yu, Mr. Qiu Bo, and Mr. Zhao Yuwen[4] Report Status - All other information contained in the 2024 annual report remains unchanged[5]

Financial Performance - For the three months ended March 31, 2025, Mobvista Inc. reported revenue of $439.6 million, a year-over-year increase of 45.8% and a quarter-over-quarter decrease of 3.0%[2] - Net income for the same period was $120.8 million, reflecting a 47.0% increase year-over-year and a slight decrease of 1.8% from the previous quarter[2] - The gross profit for the quarter was $96.0 million, up 55.4% year-over-year, with a marginal decrease of 1.3% from the previous quarter[2] - Adjusted net profit for the quarter was $21.9 million, a significant increase of 146.8% year-over-year, although it decreased by 18.4% from the previous quarter[2] - Revenue for the three months ended March 31, 2025, was $439,642 thousand, a 45.9% increase from $301,482 thousand in 2024[29] - Gross profit for the same period was $96,046 thousand, representing a gross margin of 21.8%, up from $61,819 thousand and a margin of 20.5% in 2024[29] - Basic earnings per share for Q1 2025 was $1.40, compared to $0.50 in Q1 2024, reflecting a significant increase[29] - Operating profit for the three months ended March 31, 2025, was $23,737 thousand, up from $10,262 thousand in the same period last year[29] - Total comprehensive income for Q1 2025 was $20,198 thousand, compared to $7,320 thousand in Q1 2024, indicating strong overall performance[30] Revenue Breakdown - The programmatic advertising platform Mintegral generated revenue of $420.8 million, representing a year-over-year growth of 48.4% but a quarter-over-quarter decline of 3.7%[4] - Revenue from the gaming category within Mintegral reached $305.7 million, accounting for 72.6% of total revenue, with a year-over-year increase of 50.7%[13] - Non-gaming revenue for Mintegral was $115.1 million, which is 27.4% of total revenue, showing a year-over-year growth of 42.5%[13] - The revenue from the advertising technology business was $435.3 million, which is 99.0% of total revenue, with a year-over-year increase of 46.4%[7] - Mintegral's total revenue for the three months ended March 31, 2025, reached $420.76 million, a 48.4% increase compared to $283.58 million in the same period of 2024[14] - The total revenue from the gaming segment was $305.68 million, accounting for 72.6% of the programmatic advertising business, with a year-over-year growth of 50.7%[14] Cost and Expenses - The cost of sales increased by 43.4% to $343.6 million, up from $239.7 million in the same period of 2024, primarily driven by rising traffic and server costs in the advertising technology business[15] - Research and development expenses increased by 43.0% to $42.2 million, up from $29.5 million in the same period of 2024, mainly due to the development of an intelligent bidding system[21] - Sales and marketing expenses rose by 31.2% to $17.3 million, compared to $13.2 million in the same period of 2024, primarily due to increased bidding costs[19] Profitability Metrics - Adjusted EBITDA for the period was $41.7 million, a 35.9% increase from $30.7 million in the same period of 2024[23] - Operating profit for the period was $23.7 million, representing a 131.3% increase from $10.3 million in the same period of 2024[26] - The advertising technology business gross profit rose 59.1% to $93.0 million, with a gross margin of 21.4%, compared to 19.7% in the same period of 2024[18] - The marketing technology business gross profit was $3.0 million, with a gross margin of 69.9%, down from 79.3% in the same period of 2024[17] Balance Sheet and Liquidity - Current liabilities decreased to $519,278 thousand from $581,326 thousand, improving the company's liquidity position[31] - Total assets less current liabilities increased to $253,497 thousand from $233,330 thousand, reflecting a stronger balance sheet[32] - Non-controlling interests decreased to $5,641 thousand from $7,074 thousand, indicating a shift in ownership structure[32] Company Acknowledgments - The company expressed gratitude to management, employees, regulatory bodies, shareholders, and customers for their support during the reporting period[33]

Financial Reporting - Da Ming International Holdings Limited will publish its annual report for the year ending December 31, 2024, on April 24, 2025[2] Employee Incentive Plans - The company has a share incentive plan that allows selected employees to receive up to 30% of their awarded shares on the third anniversary of the grant date[3] - On the fourth anniversary, selected employees may receive up to 60% of their awarded shares under the same plan[4] - The remaining awarded shares will fully vest on the fifth anniversary, subject to performance criteria and continued employment[4]

Financial Performance - The company's revenue for the first quarter of 2025 increased by 18.1% year-on-year to RMB 86.56 billion, compared to RMB 73.28 billion in the same period of 2024[10]. - Operating profit for the core local business segment reached RMB 13.49 billion, a 39.1% increase from RMB 9.7 billion in the previous year, with an operating margin improvement of 3.2 percentage points to 21.0%[11]. - Adjusted EBITDA for the first quarter was RMB 12.30 billion, reflecting a year-on-year growth of 52.4% from RMB 8.07 billion[6]. - The company achieved a net profit of RMB 10.06 billion, up 87.3% from RMB 5.37 billion in the same quarter last year[6]. - The adjusted net profit for the first quarter was RMB 10.95 billion, a 46.2% increase from RMB 7.49 billion in the previous year[6]. - The company reported a gross profit of RMB 32.4 billion in Q1 2025, up from RMB 25.7 billion in Q1 2024, reflecting a significant increase in profitability[21]. - Operating profit for Q1 2025 was RMB 10.6 billion, compared to RMB 5.2 billion in the same period last year, indicating strong operational performance[21]. - The net profit for Q1 2025 was RMB 10.1 billion, compared to RMB 5.4 billion in Q1 2024[39]. - Revenue for the three months ended March 31, 2025, was RMB 86,557,126 thousand, representing a 18.1% increase from RMB 73,275,884 thousand for the same period in 2024[69]. - Gross profit for the same period was RMB 32,413,689 thousand, up 26.2% from RMB 25,696,740 thousand year-over-year[69]. - Operating profit increased to RMB 10,566,110 thousand, a significant rise of 102.6% compared to RMB 5,209,392 thousand in the previous year[69]. - Net profit for the period was RMB 10,056,880 thousand, compared to RMB 5,368,979 thousand in the same quarter of 2024, marking an 87.5% increase[69]. Revenue Growth - Total revenue grew by 18.1% from RMB 73.3 billion in Q1 2024 to RMB 86.6 billion in Q1 2025, with both reporting segments showing revenue growth[22]. - The delivery service revenue grew by 22.1% year-on-year, while commission revenue increased by 20.1%[9]. - The revenue of the core local business segment increased by 17.8% from RMB 54.6 billion in Q1 2024 to RMB 64.3 billion in Q1 2025[25]. - In Q1 2025, the new business segment revenue increased by 19.2% year-on-year to RMB 22.2 billion, with operating losses narrowing by 17.5% to RMB 2.3 billion, improving the operating loss margin by 4.6 percentage points to 10.2%[18]. - Total revenue for Q1 2025 reached RMB 86.6 billion, with a significant contribution from other services and sales, which amounted to RMB 23.7 billion[24]. Expenses and Costs - Sales costs increased by 13.8% from RMB 47.6 billion in Q1 2024 to RMB 54.1 billion in Q1 2025, while the percentage of sales costs to revenue decreased from 64.9% to 62.6%[26]. - R&D expenses rose by 15.4% to RMB 5.8 billion in Q1 2025, reflecting increased investment in AI[29]. - Research and development expenses increased by 6.5% from RMB 5.42 billion in Q4 2024 to RMB 5.77 billion in Q1 2025, representing 6.7% of revenue[48]. - Sales and marketing expenses decreased by 10.1% from RMB 17.3 billion in Q4 2024 to RMB 15.55 billion in Q1 2025, accounting for 18.0% of revenue[47]. Cash Flow and Financial Position - Cash and cash equivalents, along with short-term investments, totaled RMB 115 billion and RMB 65.4 billion, respectively, as of March 31, 2025[10]. - Net cash flow from operating activities for Q1 2025 was RMB 10.1 billion, attributed to pre-tax profit adjustments and changes in working capital[65]. - Net cash flow from investing activities for Q1 2025 was RMB 34.8 billion, primarily from net inflows of financial investments[66]. - Net cash flow used in financing activities for Q1 2025 was RMB 506.5 million, mainly due to lease liability payments[67]. - The capital-to-debt ratio as of March 31, 2025, was approximately 30%, calculated as total borrowings and payables divided by total equity attributable to equity holders[68]. - Total assets as of March 31, 2025, were RMB 333,931,974 thousand, up from RMB 324,354,917 thousand at the end of 2024[70]. - Cash and cash equivalents increased to RMB 115,015,460 thousand from RMB 70,834,097 thousand, reflecting a growth of 62.5%[70]. - Total liabilities decreased to RMB 149,795,988 thousand from RMB 151,750,839 thousand, indicating a reduction of 1.3%[71]. Business Strategy and Development - The company plans to invest RMB 100 billion over the next three years to promote high-quality development in the industry[12]. - The company is committed to expanding support measures for merchants and optimizing the online operating environment to foster innovation and growth[19]. - The company aims to enhance user experience and operational efficiency through AI technology, responding to national strategies to boost consumption and expand domestic demand[19]. - The company is focused on expanding its market presence and enhancing its service offerings through new strategies and technologies[80]. - The company plans to continue developing new products and technologies to drive future growth[80]. Corporate Governance and Compliance - The company has adopted the principles and code provisions of the corporate governance code, ensuring effective internal controls and transparency[75]. - The board of directors includes executive directors Wang Xing and Mu Rongjun, and independent non-executive directors[80]. - The financial information presented is based on unaudited management accounts and includes forward-looking statements related to business outlook and financial performance forecasts[80]. - The company emphasizes that forward-looking statements are subject to various risks and uncertainties, and should not be overly relied upon by investors[80]. Market and Consumer Engagement - The company launched the "Meituan Membership" program in March 2025, covering all business categories and enhancing consumer engagement through differentiated benefits[17]. - The hotel and travel business upgraded member benefits, including room upgrades and free breakfast, enhancing brand recognition and cross-selling opportunities[16]. - The number of "Meituan Lightning Warehouses" and their order share continued to rise, particularly in lower-tier markets, supporting the growth of instant retail[14]. - The company has received positive feedback for its overseas business, particularly for the Keeta platform in Saudi Arabia, which is rapidly gaining popularity[18]. Impairment and Other Financial Metrics - The company reported a decrease in impairment losses on financial and contract assets from RMB 1.75 billion in Q1 2024 to RMB 1.22 billion in Q1 2025[31]. - The company’s other income remained stable at RMB 1.4 billion in Q1 2025[33]. - Other income turned from a loss of RMB 933.3 million in Q4 2024 to a gain of RMB 1.42 billion in Q1 2025, mainly due to fluctuations in unrealized foreign exchange gains/losses[52]. - The fair value change of other financial investments increased from RMB 12.8 million in Q4 2024 to RMB 804.8 million in Q1 2025, reflecting fluctuations in the investment portfolio[51]. - The profit attributable to equity method investments decreased from RMB 316.5 million in Q4 2024 to RMB 18.5 million in Q1 2025 due to fluctuations in the financial performance of investees[56]. - Income tax expenses decreased from RMB 674.2 million in Q4 2024 to RMB 543.9 million in Q1 2025, primarily based on forecasts of taxable income for several entities[57].

Financial Performance - Total revenue for the year ended March 31, 2025, was 126,076 million JPY, a decrease of 3.3% compared to the previous year[4]. - Profit before tax was 6,067 million JPY, an increase of 11.6% compared to the previous year[4]. - Net profit attributable to owners for the period was 4,009 million JPY, an increase of 18.5% compared to the previous year[4]. - Basic earnings per share were 5.8 JPY[4]. - Total revenue for the fiscal year ending March 31, 2025, was 126,076 million JPY (approximately 6,560 million HKD), representing a 96.7% increase from the previous year[28]. - Consolidated operating profit for the same period was 10,972 million JPY (approximately 570 million HKD), reflecting a 122.1% increase year-over-year[28]. - Consolidated net profit reached 4,019 million JPY (approximately 208 million HKD), marking an increase of 118.7% compared to the previous fiscal year[28]. - Total revenue for the fiscal year ending March 31, 2025, is projected to be ¥126,076 million, compared to ¥130,363 million for the previous year[53]. - Net profit for the fiscal year ending March 31, 2025, is expected to be ¥4,019 million, up from ¥3,385 million in the previous year, indicating a growth of approximately 18.7%[54]. - Basic earnings per share for the fiscal year ending March 31, 2025, is projected at ¥5.8, compared to ¥4.8 for the previous year, reflecting a 20.8% increase[53]. Gaming Operations - The company operated 427 gaming halls as of March 31, 2025, down from 433 gaming halls the previous year[4]. - The company aims to standardize gaming hall types to control initial operating costs and focus on densely populated areas for new openings[13][14]. - The strategy includes acquiring other gaming hall operators to expand the network under the group[17]. - The company plans to develop new standard gaming halls in small commercial areas with populations between 30,000 and 50,000[14]. - The company emphasizes low-cost operations and multi-hall development to achieve economies of scale in purchasing gaming machines and prizes[11]. - Total betting amount decreased by 1.7% to 552,641 million JPY (approximately 28,754 million HKD) from 562,029 million JPY (approximately 29,060 million HKD) in the previous year[33]. - High-stakes gaming venues saw a slight decrease in total betting amount by 0.2% to 293,460 million JPY (approximately 15,269 million HKD) from 294,033 million JPY (approximately 15,203 million HKD)[34]. - Low-stakes gaming venues experienced a 3.3% decline in total betting amount, dropping to 259,181 million JPY (approximately 13,485 million HKD) from 267,996 million JPY (approximately 13,857 million HKD)[34]. - The company plans to renovate and reduce the number of traditional gaming machines by 115 while increasing the number of slot machines to enhance competitiveness[31]. - The introduction of new popular games, including smart slot machines launched in November 2022, continues to receive customer support, leading to an increase in installation rates[30]. Aircraft Leasing Business - The company acquired a total of 10 owned aircraft, 8 managed aircraft, and 2 ordered aircraft as of March 31, 2025[24]. - The total operating assets of owned aircraft amount to ¥77,232 million, with an average aircraft age of 2.9 years and an average remaining lease term of 5.2 years[24]. - The operating lease yield for owned aircraft is 8.8%, maintaining a high-quality asset portfolio[24][26]. - The company is focused on sustainable growth through its aircraft leasing business, capitalizing on the strong demand for air travel post-COVID-19[22]. - Aircraft leasing business revenue increased by ¥1,224 million (approximately HK$64 million) or 20.8% to ¥7,107 million (approximately HK$370 million) for the fiscal year ending March 31, 2025[43]. - Aircraft leasing expenses increased by ¥941 million (approximately HK$49 million) or 29.0% to ¥4,191 million (approximately HK$218 million) for the fiscal year ending March 31, 2025[45]. Financial Position - Total assets as of March 31, 2025, amounted to ¥366,045 million, an increase from ¥349,386 million in the previous year[55]. - Current assets were reported at ¥60,978 million, up from ¥48,042 million year-over-year[55]. - Total liabilities decreased to ¥305,734 million from ¥297,425 million, indicating a reduction in financial obligations[56]. - The net asset value remained stable at ¥131,336 million compared to ¥131,488 million in the previous year[56]. - The company reported a decrease in cash and cash equivalents to ¥50,109 million from ¥36,024 million, reflecting a significant increase in liquidity[55]. - The company’s non-current assets totaled ¥305,067 million, slightly up from ¥301,344 million[55]. - The company’s total equity attributable to shareholders was ¥131,323 million, a slight decrease from ¥131,485 million[56]. - The company’s current liabilities increased to ¥60,311 million from ¥51,961 million, indicating a rise in short-term financial obligations[56]. - The company’s long-term debt increased to ¥21,083 million from ¥18,425 million, reflecting a strategy to leverage for growth[56]. - The company’s retained earnings were reported at ¥107,343 million, up from ¥106,816 million, indicating a positive trend in profitability[56]. Market Outlook and Strategy - The outlook for the Japanese economy indicates a moderate recovery, although global political instability and inflation may impact future performance[29]. - The company plans to adopt a group tax allocation system starting from the fiscal year ending March 31, 2026, which may impact future tax expenses[80]. - The company has indicated plans for market expansion and new product development, although specific details were not disclosed in the conference call[53]. - The company plans to expand its market presence in Japan and Ireland, focusing on operational growth in these regions[76]. - Future guidance indicates a focus on increasing revenue streams and improving operational efficiency[76]. Corporate Governance - The company adheres to corporate governance principles aimed at enhancing shareholder value through prudent management practices[90]. - The board believes that the company has applied the principles and complied with all applicable governance rules during the reporting period, with some exceptions noted[91]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial statements and overseeing financial reporting procedures[94]. - The company has established an audit committee in accordance with listing rules to ensure proper governance and oversight[94]. - The board consists of a majority of independent non-executive directors, ensuring a balance of power and authority[92]. - The company has adopted standard rules to prevent insider trading, ensuring compliance by all directors during the reporting period[93]. Miscellaneous - The company has not engaged in any aircraft acquisitions, sales, or disposals during the reporting period[24]. - The company has not recognized or disclosed deferred tax assets and liabilities related to the GloBE rules as per the new international accounting standards[62]. - There are no significant post-reporting date events to disclose[88]. - The company operates under a tax regime that applies global minimum tax rules in certain European and Asian countries, with expected minimal impact[82]. - The company is a wholly-owned subsidiary of Yume Corporation, which is registered in Japan[100].

Financial Performance - For the three months ended March 31, 2025, total revenue was RMB 2,254.6 million, a decrease of 15.4% compared to RMB 2,666.5 million for the same period in 2024[5] - Same-store sales declined by 19.2% year-over-year for the three months ended March 31, 2025[5] - Operating profit for the same period was RMB 122.9 million, down 14.6% from RMB 143.9 million in the previous year[5] - Profit attributable to owners of the company was RMB 3.4 million, significantly lower than RMB 19.1 million for the same period in 2024[5] - The total operating revenue decreased from RMB 1,052.8 million for the three months ended March 31, 2024, to RMB 996.4 million for the three months ended March 31, 2025, a reduction of RMB 56.4 million or 5.4%[13] - Revenue from customer contracts, which includes self-operated sales, commission from franchised counters, and consulting and management service fees, accounted for 67.0% of total operating revenue, down 11.8% year-on-year[13] - Operating profit for the three months ended March 31, 2025, was RMB 122.9 million, a decrease of RMB 21.0 million or 14.6% from RMB 143.9 million for the same period in 2024[15] - Profit attributable to the owners of the company was RMB 3.4 million for the three months ended March 31, 2025, compared to RMB 19.1 million for the same period in 2024[16] Cash Flow and Assets - The group reported a net cash flow from operating activities of RMB 66.986 million for the three months ended March 31, 2025[9] - Total assets as of March 31, 2025, were RMB 8,414.1 million, compared to RMB 8,500.3 million as of December 31, 2024[7] - Non-current assets amounted to RMB 8,414.1 million, with property, plant, and equipment valued at RMB 2,619.3 million[7] - The group’s cash and cash equivalents at the end of the period were RMB 1,450.6 million, down from RMB 1,530.5 million at the beginning of the period[9] - The group’s total equity was RMB 3,090.8 million as of March 31, 2025, slightly up from RMB 3,087.1 million at the end of 2024[8] Operating Expenses and Sales Decline - Total operating expenses, excluding procurement of goods and changes in inventory, increased from RMB 427.7 million to RMB 434.5 million, an increase of RMB 6.9 million or 1.6%[14] - Same-store operating expenses, excluding procurement of goods and changes in inventory, decreased by 4.6%[14] - The decline in sales was attributed to increased external uncertainties, weak revenue growth expectations, and cautious consumer spending behavior[10] Store Operations - The company operates 43 Parkson stores across 27 cities in China and Laos, including department stores, shopping plazas, city outlets, "Parkson Beauty" concept stores, and supermarkets[16]

Financial Performance - For the six months ended March 31, 2025, the group's unaudited revenue was approximately HKD 8.6 million, a decrease of about 42.3% compared to the same period in 2024[11] - The group's unaudited gross profit for the same period was approximately HKD 1.3 million, down approximately 83.1% year-on-year[11] - The group recorded an unaudited net loss of approximately HKD 7.7 million for the six months ended March 31, 2025, compared to a net loss of approximately HKD 3.6 million for the same period in 2024[11] - Basic loss per share for the six months ended March 31, 2025, was HKD 0.77, compared to HKD 0.36 for the same period in 2024[11] - Revenue from financial printing services decreased to HKD 8,552,000 for the six months ended March 31, 2025, down 42.5% from HKD 14,892,000 in 2024[21] - The company reported a loss attributable to owners of the company of HKD 7,669,000 for the six months ended March 31, 2025, compared to a loss of HKD 3,556,000 in 2024[27] - Basic and diluted loss per share was HKD 0.77 for the six months ended March 31, 2025, compared to HKD 0.36 in 2024[27] - Other income decreased from HKD 1.6 million for the six months ended March 31, 2024, to HKD 1.2 million for the same period in 2025[40] Dividends and Shareholder Information - The board of directors decided not to declare any dividend for the six months ended March 31, 2025, consistent with the previous year[11] - The company did not declare any dividends for the six months ended March 31, 2025, consistent with the previous period[26] - The major shareholder, Baoting Management Limited, holds 557,800,000 shares, representing 55.8% of the company's equity[60] Assets and Liabilities - As of March 31, 2025, total assets less current liabilities amounted to HKD 53.251 million, compared to HKD 51.187 million as of September 30, 2024[14] - The total equity of the group as of March 31, 2025, was HKD 42.490 million, down from HKD 50.159 million as of September 30, 2024[14] - The group reported a decrease in trade receivables to HKD 4.901 million as of March 31, 2025, from HKD 8.163 million as of September 30, 2024[14] - Trade receivables totaled HKD 12.027 million as of March 31, 2025, down from HKD 15.289 million as of September 30, 2024, with a provision for credit losses of HKD 7.126 million[32] - The company's cash and bank balances, along with time deposits, were approximately HKD 47.3 million as of March 31, 2025, compared to HKD 60.2 million as of September 30, 2024[46] - The current ratio as of March 31, 2025, was 2.7 times, down from 3.5 times as of September 30, 2024[47] Cash Flow and Expenses - The company reported a net cash outflow from operating activities of HKD 9,402,000 for the six months ended March 31, 2025, compared to a net cash inflow of HKD 4,233,000 for the same period in 2024[16] - Cash inflow from investing activities was HKD 31,525,000 for the six months ended March 31, 2025, up from HKD 21,198,000 in 2024, primarily due to increased withdrawals from fixed deposits[16] - The company experienced a net cash outflow from financing activities of HKD 3,428,000 for the six months ended March 31, 2025, compared to HKD 4,666,000 in 2024[16] - Total cash and cash equivalents increased to HKD 47,259,000 as of March 31, 2025, from HKD 32,327,000 at the end of the previous period[16] - The company's administrative expenses for the six months ended March 31, 2025, were HKD 8.787 million, a decrease from HKD 11.136 million in the same period of 2024[13] - Employee benefits expenses totaled HKD 10,359,000 for the six months ended March 31, 2025, slightly down from HKD 10,767,000 in 2024[25] - The total cash outflow related to leases was approximately HKD 3,428,000 for the six months ended March 31, 2025, compared to HKD 4,666,000 in 2024[29] Capital Expenditures and Investments - Capital expenditure for the six months ended March 31, 2025, was approximately HKD 156,000[48] - The company acquired a 34% stake in Richwood International Holding Limited for approximately HKD 1,066,000 on March 7, 2025[31] - The group did not engage in any significant acquisitions or disposals of subsidiaries or joint ventures during the six months ending March 31, 2025, except for the acquisition of an associate[53] - The group had no significant investments or capital assets as of March 31, 2025[54] - The group had no mortgaged assets as of March 31, 2025[55] Employment and Corporate Governance - The total number of full-time employees decreased to 48 as of March 31, 2025, down from 51 on March 31, 2024[56] - The audit committee reviewed the unaudited consolidated results for the six months ending March 31, 2025, and confirmed compliance with applicable accounting standards[67] - The group had no significant events requiring disclosure after March 31, 2025, up to the report date[58]