Monday, August 08, 2022

JCM gaming business boosts FY19 net income


JCM Global posted net income of JPY1.3 billion (US$11.6 million) for the financial year ending March 31, 2019, a 39.5 percent increase from the previous fiscal year.  

Net sales reached a total of JPY 31.3 billion, increasing from JPY29.9 billion in FY18. 

The company manufacturers bill validators, cash registers and security safes for the casino and gaming markets. It is also involved in the banking, retail and transportation markets, as well as the Japanese amusement equipment market. 

In an annual report, Yojiro Kamihigash, president of JCM Global said that “thriving demand” in overseas gaming markets was the main driving force for its FY19 operating results.

Looking ahead, Yojiro said he expects demand from overseas gaming markets to slow in the next financial year, but adds that the company will remain ready for the opening of IRs in Japan in the future.

“We will respond  to changes expected to occur several years from now, including the creation of integrated resorts in Japan and changes to Japan’s paper currency.”

The company has paid out a commemorative dividend to celebrate its 25th year since listing, which will be JPY17 per share. 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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