JCM records $8.7 mln profit for April-December 2021

Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of 1.01 billion yen ($8.71 million) in the nine months to Dec. 31. That compares with a net loss of 6.44 billion yen a year ago, Japan Cash Machine Co., Ltd. said in an English-language version of its quarterly report released on Wednesday.

JCM Global, listed on the Tokyo Stock Exchange, makes machines that validate bills and process currencies, casino printers and other gaming hardware-related devices.

The company reported net sales of 14.58 billion yen in the first three quarters of the fiscal year ending March 31, 2022, up 13.3% year-over-year. Operating profit for the period amounted to 857 billion yen, compared to operating loss of 1.76 billion yen in the year-over-year period.

The group's global gaming business revenue rose 15.9% year-on-year to 6.98 billion yen, "due to the continuous recovery in customer demand for capital investment following the rapid recovery of the U.S. gaming market, the sales of our products have increased."

JCM Global's gaming business includes selling bill verifiers, recyclers and printers for casino and original equipment manufacturers.

The segment's net profit was 1.23 billion yen in the nine months to Dec. 31, with a net loss of 382.5 million yen a year earlier.

On Wednesday, the group also raised its revenue forecast for the year ended March 31, 2022. The company said it now expects full-year net sales of 20.2 billion yen, up from its previous forecast of 19.3 billion yen.

"Demand is expected to exceed the original forecast and exceed the forecast announced on Nov. 5, 2021, especially in the global gaming and overseas commercial markets," the company said.

Operating profit is currently forecast to be 350 million yen to 550 million yen, while net profit is expected to be 600 million yen, up from the previous forecast of 360 million yen.

BY: 파워볼사이트