Net income for Q1 FY2018 surged 182.5% to ¥11,624 million, driven by increased profitability in core gaming operations despite a 15.3% decline in total net sales to ¥37,034 million.
02
Income before taxes rose 239.8% to ¥15,211 million, bolstered by a sharp increase in operating income from the entertainment segment.
03
Operating income across all segments declined, with the entertainment segment falling 16.9% to ¥7,815 million and the pachislot & pachinko segment dropping 48.9% to ¥736 million.
04
Full-year forecasts project a recovery trajectory with net sales reaching ¥42,000 million (+13.4% YoY) and operating income hitting ¥11,500 million (+31.0% YoY).
05
As of June 30, 2017, the company maintains a strong balance sheet with ¥104,452 million in shareholders’ equity and a debt-to-equity ratio below 0.09.
06
Liquidity remains solid with a current ratio above 2:1, despite a decrease in current assets to ¥20,387 million during the first quarter.
Insights
01
Net income for Q1 FY2018 surged 182.5% to ¥11,624 million, driven by increased profitability in core gaming operations despite a 15.3% decline in total net sales to ¥37,034 million.
02
Income before taxes rose 239.8% to ¥15,211 million, bolstered by a sharp increase in operating income from the entertainment segment.
03
Operating income across all segments declined, with the entertainment segment falling 16.9% to ¥7,815 million and the pachislot & pachinko segment dropping 48.9% to ¥736 million.
04
Full-year forecasts project a recovery trajectory with net sales reaching ¥42,000 million (+13.4% YoY) and operating income hitting ¥11,500 million (+31.0% YoY).
05
As of June 30, 2017, the company maintains a strong balance sheet with ¥104,452 million in shareholders’ equity and a debt-to-equity ratio below 0.09.
06
Liquidity remains solid with a current ratio above 2:1, despite a decrease in current assets to ¥20,387 million during the first quarter.