Nov 14, 2018 Newsdesk Japan, Latest News, Top of the deck, World  
Japan Cash Machine Co Ltd (JCM), also known as JCM Global, has increased its forecast of net sales for its financial year ending March 31 to JPY30 billion (US$263.45 million) from JPY28 billion. JCM is a supplier of cash handling technology and ticket printers, including equipment for the gaming industry around the world.
The company says its North American gaming business has improved, with growing sales of bill accepter units and printer units. The company speculates the capital investments by American casinos may be triggered by tax revisions in the United States. In addition to the uptick in the U.S. business and a restructuring plan, the company said it expects to exceed its estimates.
The company issued this week a written statement in English saying it had accordingly increased its forecast of annual profit attributable to the owners of its parent company to JPY1 billion from JPY900 million.
In its last financial year JCM made a net profit of JPY924 million on net sales of JPY29.86 billion.
The statement says JCM now expects to have made a profit attributable to the owners of its parent company of JPY980 million on net sales of JPY15.5 billion in its financial second quarter ended September, having forecast before a second-quarter profit of JPY500 million on net sales of JPY14.5 billion. In its financial second quarter last year the company made a profit of JPY453 million on net sales of just under JPY15 billion.
May 11, 2022
May 11, 2022
May 18, 2022
May 18, 2022
May 18, 2022
A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
(Click here for more)
US$10 billion
Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025