JCM quarterly profit soars, as gaming sales nearly double
Aug 26, 2022
Industry Talk, Japan, Latest News
Japan Cash Machine Co Ltd, additionally recognized as JCM Global, reported a web profit of JPY935.2 million (US$6.8 million) for its fiscal first quarter ended June 30. That compares to a web profit of JPY11.7 million within the prior-year interval, the agency stated in an English-language model of its quarterly report, printed just lately.
JCM, a agency listed on the Tokyo Stock Exchange, makes machines that validate banknotes and deal with foreign money, as effectively as manufacturing printers for on line casino gaming machines and different gaming hardware-related units.
The firm reported web sales of JPY6.01 billion within the three-month interval, up 46.7 p.c from the prior-year interval. Operating revenue for the interval reached nearly JPY467.2 million, in comparison with an working profit of nearly JPY51.7 million a yr earlier.
Sales within the group’s international gaming enterprise elevated by 92.6 p.c year-on-year, to JPY3.52 billion; and section revenue rose by 73.7 p.c year-on-year, to JPY575.0 million.
That was primarily as a consequence of a “important enhance” in sales of invoice validators and printer models in “each the North American and European areas,” stated the corporate.
“Capital funding demand from on line casino operators and different clients continued to extend in each North America and Europe as financial exercise” in these areas “recovered and have become extra lively,” acknowledged JCM.
It added: “In the gaming and industrial markets, the place demand for our merchandise has been recovering rapidly, we performed advertising and marketing actions to… enhance the market share of our merchandise, along with multifaceted product proposal actions.”