Dynam Japan aims high with plane business

Business | Tereza Cai 21 Nov 2019

Pachinko hall operator Dynam Japan (6889) said net profit for the six months ended September 30 went up 4.2 percent year-on-year to 8.69 billion yen (HK$631 million).

Interim revenue climbed 0.5 percent year-on-year to 73.97 billion yen. Basic earnings per share were 11.35 yen. The company announced interim dividends of 6 yen per share, on par with last year.

It saw a 1.3-percent year-on-year drop in revenue of high-playing cost halls reaching 36.31 billion yen, primarily due to a decrease in utilization of high playing cost machines, while revenue margins increased 0.7 basis points year-on-year to 17.2 percent.

The decline in high-playing cost halls revenue was offset by a 2.4-percent increase in low-playing cost halls' revenue which reached 37.66 billion yen, as a result of the increase in the use of low-playing cost machines, with the revenue margin rising 0.1 basis points to 22.5 percent.

Dynam Japan said the pachinko hall industry has continued to operate under a adverse business environment during the period.

By hall type, the company operates 177 high-playing cost halls and 272 low-playing cost halls, with low-playing cost halls making up 60 percent of the total.

Meanwhile, the company aims to achieve steady growth through an aircraft leasing business leveraged by cash flow generated from pachinko hall operations.

For its aircraft leasing operation, the company incorporated a subsidiary in Ireland, Dynam Aviation Ireland in December 2018.

The company intends to purchase up to 20 mainly narrow-body aircrafts, such as the Airbus A320 and Boeing 737 within an investment framework of 90 billion yen during the initial three years.

Shares of Dynam Japan fell 0.38 percent to HK$10.38.

Search Archive

Advanced Search
December 2019
S M T W T F S

Today's Standard



Yearly Magazine

Yearly Magazine