Japan Cash Machine Co Ltd, also known as JCM Global, reported net sales of JPY7.61 billion (US$51.6 million) for the April to June period, down 24.7 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.
Ordinary profit was JPY261 million, down 89.0 percent year-on-year, “due to the recording of foreign exchange losses resulting from the appreciation of the [Japanese] yen”.
The company posted a net profit of JPY76 million in the three months to June 30, the group’s first financial quarter. Such profit fell by 96.2 percent year-on-year, the firm said in an earnings report published on Friday.
Net sales in the group’s global gaming business rose by 3.3 percent year-on-year in the three months to June 30, to nearly JPY4.94 billion, “mainly due to strong sales of bill validator units for gaming machines in North America”.
Segment profit was just under JPY1.06 billion, flat from a year ago, “as a result of investments in research and development”.
“In the gaming market, which is the group’s primary market, there was a trend toward increased capital investment in gaming areas of casino hotels in North America,” stated JCM in its announcement.
“This was driven by last-minute demand in anticipation of tariff hikes in the United States,” it added.
JCM said that although both revenue and profit declined during the three months to June 30, such performance “was largely due to a reactionary decline following the special replacement demand” associated with the issue of new domestic banknotes, as well as for “equipment for the amusement industry”.
“Overall, business performance has been progressing generally in line with the initial forecast, including trends in the market environment that underpin our assumptions,” stated the gaming supplier.
JCM said 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.
