Pachinko operator Okura Holdings said Profit for the period attributable to shareholders of the in the six months to end December decreased to 23 million yen, compared with 224 million yen the year earlier.
Okura Holdings said it expects to have returned to a profit in the second half of 2020 of no more than Y40 million ($379,328) due to the resumption of traffic at its pachinko parlours. This is down some 88 percent to pre-Covid levels.
After reaching record numbers of new Covid-19 cases and fatalities for almost two months, the Japan government has finally decided to take serious measures to partially lock down the nation.
The board of Dynam Japan Holdings, the largest pachinko firm if measured by the number of its outlets, has provided some insight into how this industry has fared in the year of the coronavirus.
Universal Entertainment has recorded JPY77.1 billion (US$732 million) in revenues for the January-September nine-month period, a figure which was down 17.5 percent on a year-on-year basis. The net loss attributable to owners of the parent company came to JPY6.8 billion.
There is significant uncertainty about the recovery and expansion prospects of Okada Manila given the severity of the Covid-19 outbreak in the Philippines, Fitch Ratings said.
Universal Entertainment bucked the trend by reporting a group-wide 24.9 percent increase in net sales for the first half of 2020, with brisk pachinko...
Sega Sammy Holdings has reported that its net sales for the April-June quarter amounted to almost JPY48.4 billion (US$457 million), a year-on-year decrease of...
Okura Holdings said it expects to record a decrease in profit of 83 percent for the eleven months ended 31 May 2020, mainly attributed...
Dynam Japan Holdings said it didn’t expect to make a profit in the current quarter after the government ordered the closure of its pachinko parlours in Japan, but does expect to be back in the black for the full financial year, ending March 2021.