Japan Cash Machine Co Ltd (JCM Global), a supplier of casino equipment including bill validators and ticket printers, reported operating profit of nearly JPY2.75 billion (approximately US$17.3 million) for the six months to September 30, up 234.9% year on year.
Group net sales increased 39.4% to just under JPY20.59 billion. Ordinary profit rose 168.8% to approximately JPY2.72 billion. Net profit attributable to shareholders fell 35.1% to JPY2.14 billion, mainly because the prior-year period included a one-off gain from selling non-current assets.
Supplier signal
The results suggest stronger demand for JCM’s gaming-related products, although the decline in net profit shows that operating growth and bottom-line performance were affected by different factors. The company also raised its full-year forecast, according to its latest filing.