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HomeNewsJapanDynam Japan records 87.4% increase in net profit, announces dividend 

Dynam Japan records 87.4% increase in net profit, announces dividend 

Pachinko hall operator Dynam Japan has recorded an 87.4 percent increase in net profit attributable to owners for the 12 months ending on March 31st this year.

According to a Thursday filing to the Hong Kong Stock Exchange, the company announced a final dividend of JPY2.50 ($0.016) per ordinary share. The dividend will be payable on Wednesday, June 26th, 2024.

The company’s annual financial results show a 10.7 percent increase in gross pay-ins, reaching JPY562 billion ($3.6 billion).

Total revenue was JPY130.4 billion ($832 million), an increase of 11.2 percent compared to the year ended March 31st, 2023.

As of March 31st, 2024, the firm operates 433 pachinko halls, up from 429 as of March 31st, 2023.

Dynam Japan indicated in its annual financial results that during the year ended March 31st, 2024, the Japanese economy was on a gentle recovery path thanks to improvements in employment and income, increased inbound demand, and other factors. However, the future outlook remains uncertain due to high energy prices, concerns about ongoing inflation outpacing wage increases, and other issues, notes the company.

In the pachinko industry, the number of halls closing down increased due to declining customer numbers and reduced investments in property, plant, and equipment. On the other hand, a ‘bipolarisation trend’ appeared in the industry, driven by restructuring through mergers and acquisitions by leading companies.

Regarding smart pachinko and pachislot machines, whose installation began in November 2022, the installation ratio of smart pachislot machines has ‘recently increased’, leading to a significant rise in revenue from pachislot machines.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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