Japan Cash Machine Co Ltd, also known as JCM Global, posted a net profit of nearly JPY3.29 billion (US$21.3 million) in the six months to September 30, the group’s first financial half. Such profit was up 32.1 percent year-on-year, “mainly due to the recording of gain on sale of non-current assets as extraordinary income,” the firm said in an earnings report published on Wednesday.
The company reported net sales of just above JPY14.77 billion for the April to September period, down 30.5 percent from a year earlier.
JCM, a firm listed on the Tokyo Stock Exchange, makes machines that validate banknotes and handle currency, as well as manufacturing printers for casino gaming machines and other gaming hardware-related devices.
Net sales in the group’s global gaming business declined by 8.5 percent year-on-year in the six months to September 30, to nearly JPY9.78 billion. Segment profit was circa JPY2.21 billion, down 3.2 percent from a year earlier.
The half-year results in the gaming business “were mainly due to continued strong sales” of the firm’s “bill validator units for gaming machines in North America, although sales to Europe declined,” noted the company.
“In the gaming market, which is the group’s primary market, product sales remained at a high level throughout the period. This was partly due to last-minute demand in anticipation of tariff increases in the United States,” stated JCM in its announcement.
In late September, JCM said it had installed its iVizion bill validator and ICB Intelligent Cash Box system in “all electronic casino games” at the newly-launched casino inside City of Dreams Sri Lanka.
More recently, outside the reporting period, the company flagged new product deployments in the United States.
In a separate announcement on Wednesday, the firm stated it had installed its Fuzion system at the Black Oak Casino in Tuolumne, in California. It also upgraded that complex’s entire casino floor with the group’s iVizion bill validator.
Dave Kubajak, JCM’s senior vice president for sales, marketing and operations, said in prepared remarks: “We are thrilled to upgrade Black Oak Casino with the newest JCM solutions, marking the latest execution of our technology road map for the property.”
He added: “The combination of iVizion and Fuzion boosts security and further empowers the Black Oak Casino staff to provide outstanding customer service by maximising machine uptimes.”
JCM said previously it expects to achieve net sales of JPY31.00 billion for the 12 months to March 31, 2026. The company forecast an operating income of JPY1.40 billion, and annual net profit of JPY3.20 billion.
The firm noted it expects to pay JPY40.0 per share as a dividend for the current fiscal year.
