Net income at Japan Cash Machine Co Ltd rose 154.8 percent year-on-year in the fiscal first quarter ending June 30, the company said.
Since April, the group – a supplier of cash transaction technologies for the gaming, banking and retail industries – has operated in the global gaming equipment supply market under the name JCM Global.
Net income for the parent in the fiscal first quarter was JPY263.93 million (US$2.2 million) compared to JPY103.58 million in the year-prior period.
The company said the improvement was mainly due to a gain in the value of assets – under a non-operating income heading – that were denominated in foreign currency.
The group’s net sales rose 11.3 percent during the fiscal first quarter, to just under JPY7.15 billion, compared to approximately JPY6.43 billion in the year-prior period. Net income per basic share rose 154.7 percent, to JPY9.78, in the reporting period, from JPY3.84 previously.
The firm said in its announcement: “Operating income fell to JPY260 million (down 8.4 percent year-on-year) primarily due to a decline in the volume of bill validator units sold and [a] lower selling price.”
On August 7, JCM Global announced that printer supplier Nanoptix Inc was buying back JCM’s 49 percent stake in Nanoptix.
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Jun 25, 2018Electronic casino game distributor Asia Pioneer...
Sep 18, 2018The Macau government has yet to consider whether to make it compulsory for local casinos to suspend operations when Typhoon Signal No.8 or above is hoisted by the local weather bureau. So said on...
”Given that the blanket casino closure [in Macau due to Typhoon Mangkhut] happened on an all-important weekend day… we expect that somewhere between MOP1.1 billion [US$136.2 million] and MOP1.5 billion in GGR will be lost”
Analyst at Union Gaming Securities Asia