{"id":777013266,"date":"2024-02-19T08:52:08","date_gmt":"2024-02-19T11:52:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013266"},"modified":"2026-04-22T12:54:51","modified_gmt":"2026-04-22T15:54:51","slug":"universal-entertainment-posts-net-income-of-us189m-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-net-income-of-us189m-for-2023","title":{"rendered":"Universal Entertainment posts net income of US$189m for 2023"},"content":{"rendered":"\n

Net income attributable to parent owners was up 147.2 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Universal Entertainment<\/strong>\u00a0has shared its financial results for the fiscal year 2023. The company posted net sales of JPY179bn (US$1.2bn),\u00a0up 26 per cent year-on-year<\/a>\u00a0and an operating profit of JPY30.5bn (US$203m), up 152 per cent.<\/p>\n\n\n\n

Universal Entertainment posted a 147.2 per cent increase in net income attributable to owners of the parent at JPY28.4bn (US$189m) in 2023. A large part of the company’s strong performance was attributed to its\u00a0amusement equipment business<\/strong>, where sales and earnings rose due to high demand for machines that comply with the 6.5 standard and smart Pachislot devices.<\/p>\n\n\n\n

In the integrated resort business, the company said visitors to Okada Manila steadily increased<\/strong>. It said it will target demand within the Philippines. <\/p>\n\n\n\n

Okada Manila posted net sales of JPY96.9bn (US$646.3m), up 35.1 per cent year-on-year, and an operating profit of JPY14.3m, up 280 per cent. Adjusted segment EBITDA was JPY29.9m in 2023, up 54.9 per cent.<\/p>\n\n\n\n

According to the company, “Overall, EBITDA after adjustments rose to a record high in 2023 in the IR despite a temporary downturn in revenues caused by an IT system problem.”<\/p>\n\n\n\n

For 2024,\u00a0Universal Entertainment anticipates an 11.7 per cent increase in net sales to JPY200bn (US$1.33bn) and a decline in profit attributable to parent shareholders of approximately 31 per cent to JPY130m (US$19.6bn).<\/p>\n\n\n\n

See also:<\/strong> Okada Manila describes Emerald Bay project as \u201cnext step\u201d expansion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Net income attributable to parent owners was up 147.2 per cent in year-on-year terms.<\/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 reported robust financial results for FY2023, with net sales up 26% to JPY179bn and operating profit surging 152% to JPY30.5bn, largely driven by its amusement equipment business and the strong performance of Okada Manila. Despite a record high adjusted EBITDA for the IR segment, the company anticipates an 11.7% increase in net sales for 2024 but a significant 31% decline in profit attributable to parent shareholders.","focusai_entities":"Universal Entertainment, Okada Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"2024 Profit Outlook?","query":"What are the specific drivers behind Universal Entertainment's projected 31% decline in profit attributable to parent shareholders for 2024, despite anticipated net sales growth?"},{"label":"Okada Manila IR Strategy?","query":"How does Universal Entertainment plan to mitigate the impact of the 'IT system problem' on Okada Manila's revenue, and what is the long-term strategy for IR growth within the Philippines, particularly with the Emerald Bay project?"}],"footnotes":""},"categories":[157,16333],"tags":[8986,23686],"class_list":["post-777013266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013266","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=777013266"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013266\/revisions"}],"predecessor-version":[{"id":777013277,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013266\/revisions\/777013277"}],"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=777013266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}