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Universal Entertainment net income up 8.1 percent in FY

Universal Entertainment Corp posted net income of JPY10.17 billion ($81.5 million) for the financial year ended March 31, an 8.1 percent increase on the previous year’s net income.

Universal, which is made up of 27 subsidiaries and two affiliates, is engaged in the development, manufacture and sale of pachislot and pachinko gaming machines and an investor in a casino resort in the Philippines.

The company said in a filing that it launched eight new pachislot titles and one pachinko title during the year, with a total of 210,000 installed pachislot and pachinko units.

Net sales and operating income in the pachislot and pachinko business were JPY84.7 million yen, and JPY35.8 million, a YoY increase of 1.5 percent and 1.3 percent respectively.

The company filing added that that construction “is well underway” at Manila Bay Resorts, the company’s casino resort project in the Philippines.

“The highest framework construction on the hotel towers has progressed to at this point is the 14th floor Foundation. Work is also underway on the fountain facilities and the shopping zone.”


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