Okura Holdings has reported revenue of JPY3.19bn (US$21.1m) for its second half.<\/p>\n\n\n\n\n\n\n\n
Japan.- Okura Holdings<\/strong> has announced financial results for the second half of the year 2023. Revenue was up 2.7 per cent to JPY3.19bn<\/strong> (US$21.1m). The company reported a profit before income tax of JPY929m (US$6.1m), up 569.9 per cent in year-on-year terms<\/a>. <\/p>\n\n\n\n Okura’s gross pay-ins increased by 12.5 per cent to JPY16.37bn (US$108.6m). Operating profit increased by 348.4 per cent to JPY1.14bn (US$7.5m) and the profit attributable to shareholders rose by 1,140 per cent to JPY1.11bn (US$7.4m).<\/p>\n\n\n\n The pachinko and pachislot hall business remained the main source of revenue, accounting for 92.4 per cent. Revenue here rose 2.5 per cent<\/strong>, from JPY2.8m to JPY2.9m, primarily due to\u00a0the introduction of the Smart Slot Machines\u00a0in November 2022.<\/p>\n\n\n\n Okura’s board stated: “Although the past financial years have been challenging years for Japan\u2019s pachinko industry overall due to the outbreak of Covid-19, the group\u2019s operational and financial performance for 6M2024 has managed to recover as a result of the management\u2019s efforts in prioritising the group\u2019s resources in the recovery of customer traffic and voluntarily implementing safety measures to ensure the health and safety of customers at its pachinko and pachislot halls.\u00a0<\/p>\n\n\n\n “The management will continue to adopt the above measures and consider releasing further new models of pachinko and pachislot machines in order to encourage customer traffic and speed up the further recovery of the group\u2019s operations while exploring new opportunities to diversify into other business segments to expand the group\u2019s sources of revenue.”<\/p>\n\n\n\n