Japan Cash Machine Co Ltd, also known as JCM Global, reported net income of nearly 1.46 billion yen ($11 million) in the nine months to Dec. 31. Those profits were up 10.8% year-over-year, the company said in its latest quarterly earnings highlights.

JCM, listed on the Tokyo Stock Exchange, manufactures printers for casino game consoles and other gaming hardware-related devices as well as machines that validate bills and handle currency.

The company posted net sales of 19 billion yen in the nine-month period, up 30.3% year-over-year. Operating profit for the period was up 4.1% year-over-year to 892 million yen.

Revenue from the group’s global gaming business rose 60.1% year-over-year to 11.17 billion yen and segment revenue rose 7.8% to 1.32 billion yen.

The company said product sales “increased significantly” in North America and Europe during the nine months, attributing this to “increased customer numbers” in those markets.

In November, the company raised its earnings forecast, saying it expected net sales of 24.4 billion yen in the 12 months to March 31, 2023. It said it revised it based on higher-than-expected sales in the second half of its fiscal year as it checked “more clearly” about its supply chain.

JCM reported a net profit of 60.054 million yen for the fiscal year ended March 31, 2022, compared with a net loss of 7.56 billion yen a year earlier.

BY: 슬롯사이트 순위