Business Operations - As of September 30, 2024, the company operates the largest network of Japanese-style pachinko parlors with a total of 429 locations[25] - The core business of the company is managing the largest chain of Japanese-style pachinko parlors in Japan, directly holding 100% of the issued share capital of 8 subsidiaries[24] - The company acquired Yume Corporation in November 2015, which operates 30 parlors under the "Yumeya" brand[16] - The gaming machines offered include Japanese-style pachinko and slot machines, with betting amounts typically ranging from 0.5 to 4 yen per ball for pachinko and 5 to 20 yen per coin for slot machines[26] - The company is exploring new business opportunities in the growing Asian market through its subsidiary, DYNAM Hong Kong[16] - The company has established 16 distribution centers across Japan to manage logistics for 20 to 30 game halls each, optimizing costs through the use of second-hand gaming machines[70] - The company has acquired multiple Japanese-style pachinko game halls through absorption-type company splits, expanding its network of game halls[62][63] - The company plans to continue expanding its game hall network by opening new standard game halls and acquiring existing operators[68] Financial Performance - Total revenue for the six months ended September 30, 2024, was ¥63,753 million (approximately HK3,371 million) in the same period last year[37] - Revenue from aircraft leasing business increased to ¥3,576 million (HK115 million) year-on-year, representing a growth of 63.5%[37] - EBITDA for the current fiscal year was reported at ¥34,037 million (HK1,690 million) in the previous year[37][38] - The company reported a net profit of ¥2,190 million (HK98 million) in the same period last year, reflecting a growth of 16.9%[37] - Total revenue for the six months ended September 30, 2024, was 63,753 million JPY (approximately 3,469 million HKD), representing 99.0% of the revenue from the same period last year[90] - The consolidated operating profit increased to 6,044 million JPY (approximately 329 million HKD), which is 137.4% of the previous year's figure[90] Operational Efficiency - The company is focusing on optimizing its structure to enhance profitability while increasing the installation rate of smart Japanese-style pachinko machines and slot machines[48] - The company is committed to reducing operational expenses, including public facility and advertising costs, to improve overall profitability[48] - The company focuses on multi-venue development and low-cost operations as key profit sources, emphasizing low-stakes gaming to enhance customer experience[51] - The company aims to standardize game hall specifications to reduce initial investment costs and construction time, targeting small commercial areas with populations between 30,000 and 50,000[64][65] - The company leverages economies of scale to control operational expenses, utilizing ICT systems to enhance productivity and reduce labor costs[71] Community and Social Responsibility - The company emphasizes customer-centric principles and transparent management practices[10] - The company is committed to contributing to local communities and enhancing stakeholder lives[11] - The company has established a dedicated subsidiary for employing individuals with disabilities, contributing to social responsibility[16] Financial Stability - Total liabilities decreased to ¥52,568 million (HK3,118 million) year-on-year, indicating improved financial stability[41] - Non-current assets totaled ¥303,003 million (HK15,774 million) at the end of March 2024[41] - The current ratio as of September 30, 2024, was 1.0, indicating a balanced position between current assets and current liabilities[141] - The company had no significant contingent liabilities as of September 30, 2024[144] Shareholder Information - The total number of issued shares at the end of the reporting period was 696,443,096[178] - The company holds a total of 410,951,936 shares, representing approximately 59.007% of the total equity[164] - The largest shareholder, SAC, holds 187,522,560 shares, accounting for approximately 40.683% of the company's equity[175] - Sato Yoji controls 283,332,560 shares, which is part of the total equity held by the Sato family[169] - Sato Kohei holds 51,639,680 shares, representing a small percentage of the total equity[164] Governance and Compliance - The company has complied with all applicable corporate governance code provisions during the reporting period, with the exception of the chairman and CEO roles being held by the same individual, which the board believes provides strong leadership[185] - The company has adopted a standard code of conduct for directors regarding securities trading, ensuring compliance with insider trading regulations[187] - The board believes that having a majority of independent non-executive directors ensures a balance of power and authority within the board[185] - The company’s interim financial results are prepared in accordance with International Accounting Standards, with no significant issues identified during the review[199] - The company has established foreign currency hedging policies to manage foreign currency risks associated with transactions and assets denominated in HKD, USD, and EUR[157] Dividend Information - The company declared an interim dividend of 2.5 JPY per ordinary share, with an expected total payout of approximately 1,741 million JPY (about 95 million HKD) based on 696,443,096 shares issued[190] - The interim dividend is scheduled to be paid on January 10, 2025, to shareholders listed as of December 12, 2024[190]
DYNAM JAPAN(06889) - 2025 - 中期财报