{"id":777008522,"date":"2023-08-24T06:50:32","date_gmt":"2023-08-24T09:50:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008522"},"modified":"2026-04-22T18:44:17","modified_gmt":"2026-04-22T21:44:17","slug":"okura-holdings-expects-to-post-full-year-profit-of-us19-9m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/okura-holdings-expects-to-post-full-year-profit-of-us19-9m","title":{"rendered":"Okura Holdings expects to post full-year profit of US$19.9m"},"content":{"rendered":"\n<p>The improvement in the company\u2019s performance was attributed to a stabilisation of the pachinko business and lease gains.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.-\u00a0<strong>Okura Holdings<\/strong>\u00a0has issued a statement forecasting<strong> profit of over PY2.90bn (US$19.9m) <\/strong>for the fiscal year 2023. The shift from the previous fiscal year&#8217;s loss is attributed to factors such as the decrease in provision for impairment losses on the company&#8217;s property, plant and equipment, intangible assets and right-of-use assets of not less than JPY1.10bn (US$7.5m) as a result of the stabilisation in business at its pachinko halls in the year ended June 30.<\/p>\n\n\n\n<p>It also reflects the increase in gain on release of lease liabilities of not less than JPY2.20bn (US$15.1m), mainly due to a lease termination following\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/okura-holdings-to-close-another-pachinko-parlour\" target=\"_blank\">the closure of the group\u2019s Big Apple. Ofuna hall<\/a> on May 7. Okura Holdings currently has<strong>\u00a011 pachinko venues<\/strong>, most of them located in Nagasaki Prefecture.<\/p>\n\n\n\n<p>The company&#8217;s annual results announcement is due for release by the end of September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The improvement in the company\u2019s performance was attributed to a stabilisation of the pachinko business and lease gains.<\/p>\n","protected":false},"author":176,"featured_media":25402,"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 forecasts a profit exceeding JPY2.90bn (US$19.9m) for FY2023, reversing a previous fiscal year's loss. This improvement is primarily driven by the stabilization of its pachinko business, leading to a reduction in impairment losses, and significant gains from lease terminations following the closure of a Big Apple. Ofuna hall.","focusai_entities":"Okura Holdings, Big Apple. Ofuna","focusai_location":"Japan, Nagasaki Prefecture","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.95), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Pachinko Market Outlook","query":"What specific market conditions or operational efficiencies contributed to the stabilization of Okura Holdings' pachinko business, and are these trends sustainable across the broader Japanese pachinko sector?"},{"label":"Asset Rationalization Strategy","query":"How will the capital generated from lease terminations and asset rationalization be redeployed to enhance shareholder value or invest in other gaming verticals within Okura Holdings' portfolio?"}],"footnotes":""},"categories":[157,16338],"tags":[24022],"class_list":["post-777008522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-okura-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008522","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=777008522"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008522\/revisions"}],"predecessor-version":[{"id":777008541,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008522\/revisions\/777008541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}