{"id":777018059,"date":"2024-08-12T09:08:42","date_gmt":"2024-08-12T12:08:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018059"},"modified":"2026-04-22T07:15:58","modified_gmt":"2026-04-22T10:15:58","slug":"universal-entertainment-net-sales-down-20-7-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-net-sales-down-20-7-in-q2","title":{"rendered":"Universal Entertainment net sales down 20.7% in Q2"},"content":{"rendered":"\n

The decline was attributed to the poor performance of the leisure equipment and integrated resort businesses.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Universal Entertainment Corp\u00a0<\/strong>has shared its financial results for the second quarter of the year. It recorded\u00a0net sales of\u00a0JPY62.9bn (US$429m).\u00a0That\u2019s\u00a0a\u00a0decline of\u00a020.7\u00a0per cent when\u00a0compared to last year, mainly attributed to a\u00a0drop in the net sales of its leisure equipment and integrated resort businesses.<\/p>\n\n\n\n

Operating profit was down 69.6 per cent year-on-year to JPY3.26bn (US$22.2m), while ordinary profit was down 80.4 per cent to JPY5.57bn (US$38.0m). The company\u2019s net income attributable to owners of the parent fell 97.5 per cent to JPY525m (US$3.6m).<\/p>\n\n\n\n

Okada Manila’s performance was down year-on-year but, similar to the first quarter. The number of VIP guests was down due to the slowdown of the junket business. Although the performance of the mass market and gaming machine sectors was lower than the previous year, the company said sales are steadily increasing. In the hotel, food, and beverage businesses, the number of guests remains high.<\/p>\n\n\n\n

See also: <\/strong>TRLEI posts gross gaming revenue of US$151.3m for Q2<\/a><\/p>\n\n\n\n

In the first half of the year, the\u00a0integrated resort business posted net sales of JPY41.68bn (US$284.3m), down 13.1 per cent year-on-year. Operating profit was down 55.1 per cent at JPY3.28bn (US$22.4m). In the amusement equipment business, sales decreased by 32.6 per cent to JPY20.76bn (US$141.6m), with operating profit falling by 51.1 per cent to JPY3.76bn (US$25.7m).<\/p>\n\n\n\n

In the pachinko sector, the company said deliveries of machines with a lucky trigger function, which allows players to win more balls had started but were currently somewhat slow in comparison with the pachislot category.”<\/p>\n\n\n\n

Other businesses generated sales of JPY202m (US$1.4m), down 53 per cent year-on-year, and an operating profit of JPY169m (US$1.2m), a decrease of 10 per cent year-on-year.<\/p>\n\n\n\n

See also: <\/strong>Universal Entertainment raises US$800m from new notes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The decline was attributed to the poor performance of the leisure equipment and integrated resort businesses.<\/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 significant decline in Q2 net sales and profits, primarily attributed to underperformance in its leisure equipment and integrated resort businesses, including Okada Manila. The slowdown in the junket business notably impacted VIP guest numbers, though mass market and gaming machine sectors are showing signs of increasing sales despite year-on-year declines. The company's net income attributable to owners of the parent fell 97.5%.","focusai_entities":"Universal Entertainment Corp, Okada Manila, TRLEI","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket Business Impact?","query":"What specific strategic adjustments is Universal Entertainment Corp implementing to mitigate the ongoing decline in VIP junket business and bolster mass market and gaming machine revenue growth at Okada Manila?"},{"label":"Capital Allocation Strategy?","query":"Given the significant decline in operating and ordinary profits, how will the recent US$800m notes issuance impact Universal Entertainment Corp's capital allocation strategy for future growth initiatives or debt restructuring?"}],"footnotes":""},"categories":[163,16333],"tags":[23686],"class_list":["post-777018059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-universal-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018059","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=777018059"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018059\/revisions"}],"predecessor-version":[{"id":777018082,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018059\/revisions\/777018082"}],"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=777018059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}