Thu. Mar 30th, 2023

JCM interim revenue jumps as gaming gross sales up 71pct

Japan Money Machine Co Ltd, also referred to as JCM International, reported a internet revenue of JPY1.29 billion (US$9.4 million) for its fiscal first half ended September 30. Such revenue was up 642.1 p.c year-on-year, the agency stated in interim highlights printed not too long ago.

JCM, a agency listed on the Tokyo Inventory Alternate, makes machines that validate banknotes and deal with forex, in addition to manufacturing printers for on line casino gaming machines and different gaming hardware-related units.

The corporate reported internet gross sales of JPY12.28 billion within the six-month interval, up 36.3 p.c from a 12 months earlier. Working revenue for the interval reached practically JPY600.0 million, greater than double from a 12 months earlier.

Gross sales within the group’s international gaming enterprise rose by 71.4 p.c year-on-year, to JPY7.07 billion; and phase revenue was up by 34.1 p.c, to JPY1.02 billion.

The corporate stated it noticed “elevated demand” for its merchandise on account of a “restoration pattern” within the gaming and business markets.

In November, the corporate revised upward its earnings forecast, saying it anticipated internet gross sales of JPY24.4 billion for the 12 months to March 31, 2023. It stated the revision was primarily based on higher-than-expected gross sales within the second half of its monetary 12 months, because it had “extra readability” about its provide chain.

JCM reported a internet revenue of JPY605.4 million for its monetary 12 months ended March 31, 2022. That in comparison with a internet lack of JPY7.56 billion a 12 months earlier.

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