Japan Cash Machine Co Ltd, also known as JCM Global, reported net income of just over 2 billion yen ($13.7 million) in the three months to June 30, the group’s first financial quarter. Those profits rose 167.1% year-over-year, the company said in a recently released earnings report.
JCM, listed on the Tokyo Stock Exchange, manufactures printers for casino game consoles and other gaming hardware-related devices as well as machines that validate banknotes and handle currencies.
The company reported net sales of 10.1 billion yen in the April-June period, up 58.2% year-on-year.
Operating profit for the reporting period was 1.92 billion yen, up 595.2% from the previous year.
The group’s global gaming business revenue rose 79.5% year-on-year to 4.78 billion yen in the three months to June 30, while its segment profit rose 266.1% from a year ago to just under 1.07 billion yen.
“Due to a shortage of [equipment] parts, sales of bill verifiers for casino game consoles, which were sluggish in the same period last year, have increased significantly,” the company said.
JCM said capital investments in casinos and hotels remained “high” during the reporting period “due to strong travel demand around the world.”
The company said it has “continued to introduce and propose system products to suit the needs of each customer,” including “promoting new products” in its gaming division. JCM also said it aims to “further expand international sales” of its products.
JCM on Thursday revised its forecast for the fiscal year ending in March 2025. 토토사이트 추천
The company said it now expects full-year net sales of 37.5 billion yen, compared with its previous forecast of 35.1 billion yen. Operating profit for the 12 months to March 31 next year is expected to reach 4.3 billion yen and net profit by shareholders is expected to reach 3.1 billion yen.
Last year, JCM said it was targeting net sales of 38.5 billion yen for the fiscal year ending March 2026 as part of the group’s mid-term management plan through 2032.