{"id":777002429,"date":"2023-02-15T13:15:42","date_gmt":"2023-02-15T16:15:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002429"},"modified":"2026-04-23T00:36:32","modified_gmt":"2026-04-23T03:36:32","slug":"universal-entertainment-posts-net-profit-of-us86-6m-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-net-profit-of-us86-6m-for-2022","title":{"rendered":"Universal Entertainment posts net profit of US$86.6m for 2022"},"content":{"rendered":"\n

Group-wide sales were up 55.9 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Japan.- Universal Entertainment Corp<\/strong> has shared its financial results for the year 2022. It’s reported a net profit of JPY11.51bn (US$86.6m) and group-wide sales of just under JPY141.00bn, up 55.9 per cent year-on-year<\/a>.<\/p>\n\n\n\n

Operating profit was JPY12.09bn<\/strong>, a year-on-year increase of 516.7 per cent. The growth was mainly driven by the increase in revenue from Okada Manila<\/strong>, which generated net sales of JPY71.77bn, up 103.7 per cent when compared to 2021.<\/p>\n\n\n\n

The firm said the increase in sales was largely due to the mass-market segment, which generated an operating profit of JPY3.78bn for full-year 2022, a significant improvement from the operating loss of JPY1.87bn in the previous year. Adjusted segment earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 263.1 per cent year-on-year to JPY19.35bn.<\/p>\n\n\n\n

According to Universal Entertainment, the adjusted segment EBITDA of Okada Manila for the full-year 2022 was higher than before the pandemic. However, the company recorded an extraordinary loss of nearly JPY1.53bn for 2022<\/strong>, mainly due to the illegal occupation of Okada Manila<\/a> from May 31 to September 2 by a group acting under the instructions of Kazuo Okada. <\/p>\n","protected":false},"excerpt":{"rendered":"

Group-wide sales were up 55.9 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":18988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment Corp reported a net profit of JPY11.51bn and group-wide sales of JPY141.00bn for 2022, marking a 55.9% year-on-year increase, primarily driven by Okada Manila's robust performance. Despite significant operational growth, the company incurred an extraordinary loss of JPY1.53bn attributed to the illegal occupation of Okada Manila by a group associated with Kazuo Okada. This highlights both strong operational recovery and ongoing governance challenges.","focusai_entities":"Universal Entertainment Corp, Okada Manila, Kazuo Okada","focusai_location":"Japan, Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Okada Manila Governance Impact","query":"What specific measures has Universal Entertainment Corp implemented to mitigate future corporate governance risks and prevent recurrence of unauthorized asset occupation at Okada Manila?"},{"label":"Mass-Market Growth Sustainability","query":"Given the significant contribution of the mass-market segment to Okada Manila's recovery, what are the projected growth strategies and investment allocations for this vertical in the coming fiscal year?"}],"footnotes":""},"categories":[163,16333],"tags":[8986,23749],"class_list":["post-777002429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002429","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002429"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002429\/revisions"}],"predecessor-version":[{"id":777002464,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002429\/revisions\/777002464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}