JCM quarterly profit soars, as gaming sales nearly double

JCM quarterly profit soars, as gaming sales nearly double

Summary:

Japan Cash Machine, also known as JCM Global, had a net profit of 935.2 million for the fiscal first quarter ended June 30. In the prior-year period, a net profit of 11.7 million was achieved. In the three-month period, the company reported net sales of 6.01 billion, up from the prior-year period.

JCM’s quarterly profit soared, as gaming sales nearly doubled

August 26, 2022. There is a newsdesk. Industry talk and news in Japan. /span>.

Japan Cash Machine Co., also known as JCM Global, reported a net profit of JPY935.2 million for its fiscal first quarter ended June 30. The firm said in an English-language version of its quarterly report that it made a net profit of JPY11.7 million in the prior-year period.

JCM, which is listed on the Tokyo Stock Exchange, makes machines that handle currency, as well as printers for casino gaming machines and other gaming hardware-related devices.

In the three-month period, the company reported net sales of JPY6.01 billion, up from the prior- year period. The operating income for the period was almost half a billion dollars, compared to the operating profit of over half a billion dollars a year earlier.

The group’s sales in the global gaming business increased by 92.6 percent year-on-year, to JPY 3.52 billion; and segment income increased by 73.7 percent year-on-year, to JPY575.0 million.

The company said that there had been a significant increase in sales of bill validators and printer units in both the North American and European regions.

JCM stated that capital investment demand from casino operators and other customers continued to increase in both North America and Europe as economic activity rebounded and became more active.

In the gaming and commercial markets, where demand for our products has been recovering quickly, we have conducted marketing activities to increase the market share of our products.