temporary closure of all 17 pachinko halls<\/a><\/em><\/strong> of the Group during various periods between April and May 2020 due to the outbreak of COVID-19 in Japan.<\/p>\n\n\n\nDue to the uncertain outlook of the group\u2019s pachinko halls in light of the adverse market conditions following the outbreak of the new coronavirus, the company expects to record impairment losses on its property, plant and equipment and right-of-use assets as at June 30.<\/p>\n\n\n\n
The directors warned shareholders that the situation was likely to impact results for June,<\/p>\n\n\n\n
The company is said to still be assessing the amount of impairment losses and could make further announcements.<\/p>\n","protected":false},"excerpt":{"rendered":"
The company has presented a pessimistic outlook on finances for May 2020 and June.<\/p>\n","protected":false},"author":2,"featured_media":7367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Okura Holdings Limited has issued a profit warning for the 11 months ending May 2020, projecting an 83% decrease in profit before income tax compared to 2019. This significant decline is attributed to the temporary closure of its 17 pachinko halls in Japan during April and May 2020 due to the COVID-19 pandemic, with further impairment losses expected on property, plant, and equipment and right-of-use assets.","focusai_entities":"Okura Holdings Limited","focusai_location":"Japan","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Capital Structure","query":"What specific measures is Okura Holdings Limited considering to mitigate the impact of these impairment losses on its balance sheet and overall capital structure, particularly regarding debt covenants or future financing?"},{"label":"Post-COVID Recovery Strategy","query":"How does Okura Holdings Limited plan to adapt its operational strategy and cost base to navigate the 'uncertain outlook' and adverse market conditions post-COVID-19, especially concerning player acquisition and retention in the pachinko vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[29,20778],"class_list":["post-7365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-financial-results"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7365"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7365\/revisions"}],"predecessor-version":[{"id":7385,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7365\/revisions\/7385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7367"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}