{"id":777026417,"date":"2025-05-14T09:08:57","date_gmt":"2025-05-14T12:08:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026417"},"modified":"2026-04-21T23:00:19","modified_gmt":"2026-04-22T02:00:19","slug":"universal-entertainment-sees-decline-in-net-sales-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-sees-decline-in-net-sales-in-q1","title":{"rendered":"Universal Entertainment sees decline in net sales in Q1"},"content":{"rendered":"\n

Net sales were down 21 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Universal Entertainment Corp <\/strong>has recorded net sales of JPY27.2bn (US$184.9m) for the first quarter of the year. That\u2019s a decline of 21 per cent when compared to last year<\/a>.<\/p>\n\n\n\n

Okada Manila<\/a> posted net sales of JPY18.3bn (US$124.4m), down 9.8 per cent year on year, and an operating profit of JPY331m (US$2.25m), down 81.3 per cent. The venue reported adjusted segment EBITDA of JPY4.6bn (US$31.27m), down 23.6 per cent amid a decline in VIP rolling chip volume.\u00a0<\/p>\n\n\n\n

Gross gaming revenue (GGR) from the gaming machine category declined due to the decrease in the number of visitors. According to the Philippine Department of Tourism, the number of inbound travellers from South Korea and China, the main overseas source countries for the casino, decreased by 13.9 per cent and 33.7 per cent, respectively, in the first quarter. The hotel and F&B business also saw a decline in revenue. <\/p>\n\n\n

\n
\"Okada
Okada Manila.<\/figcaption><\/figure>\n<\/div>\n\n\n

The amusement equipment business sold 18,623 units, a decrease of 9,391.\u00a0Net sales decreased by 36.9 per cent to JPY8.7bn (US$59.14m). The company posted an operating loss of JPY1.1bn (US$7.48m), compared to an operating profit of JPY3.9bn (US$26.51m) in the first quarter of 2024. The company said pachislot sales were strong due to the diffusion of smart pachislot machines. However, there was an operating loss caused by the decrease in sales volume.<\/p>\n\n\n\n

In March, Universal Entertainment<\/strong> announced a new management structure with a board and 12 executive officers. The change is intended to “reduce the excessive concentration of authority and to facilitate speedier decision making.”<\/p>\n\n\n\n

Shareholders appointed four directors and one board member for audit and supervisory matters. Three directors were reappointed: Tomohiro Okada<\/strong>, who is also the president of Universal Entertainment; Masayoshi Miyanaga<\/strong>; and Hiroshi Miyauchi<\/strong>. The new director, Yoshiyuki Shouji<\/a>, will oversee overseas business operations as well as legal and intellectual property matters. Shareholders also approved Kuninobu Okuda<\/strong> as a full-time audit and supervisory board member.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Net sales were down 21 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 21% year-on-year decline in Q1 net sales, primarily driven by underperformance at its integrated resort, Okada Manila, which saw reduced GGR and EBITDA due to decreased VIP rolling chip volume and inbound tourism. Concurrently, the company implemented a new governance framework aimed at decentralizing authority and enhancing operational agility, signaling a strategic response to current market pressures.","focusai_entities":"Universal Entertainment Corp, Okada Manila, Philippine Department of Tourism, Tomohiro Okada, Masayoshi Miyanaga, Hiroshi Miyauchi, Yoshiyuki Shouji, Kuninobu Okuda","focusai_location":"Philippines, South Korea, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 GGR Outlook?","query":"Given the Q1 decline in VIP rolling chip volume and inbound tourism from key source markets, what specific operational adjustments or marketing initiatives is Okada Manila implementing to mitigate these trends, and what is the projected GGR outlook for Q2 and the remainder of the fiscal year?"},{"label":"Governance Impact?","query":"How is the newly implemented management structure, designed to reduce authority concentration and facilitate speedier decision-making, expected to impact Universal Entertainment's operational efficiency, strategic execution, and ultimately, its financial performance metrics over the next 12-18 months?"}],"footnotes":""},"categories":[163,16333],"tags":[29,1897,225],"class_list":["post-777026417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-casino","tag-igaming","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026417","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=777026417"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026417\/revisions"}],"predecessor-version":[{"id":777026436,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026417\/revisions\/777026436"}],"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=777026417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}