Japan’s largest pachinko hall operator announced that the company recorded a 4.2% increase in profit over the last six months period of time. Dynam Japan Holdings reported the increase which ended on September 30, 2019, adding that the company also saw a decrease in overall operating expenses as well. This, according to a filing the company made with the Hong Kong Stock Exchange.
The total net profit for the six-month period of time reached a total of JPY8.7 billion ($80 million), while total revenue reached JPY74 billion ($680 million). This was a 0.5% increase over the same period of time last year.
Dynam Japan operates two types of halls which focus on offering customers low-cost games. During the last six months, the company operated 449 pachinko machine halls throughout Japan. Of this total, 177 high-cost machine halls are in operation to go along with 272 low-cost machine halls. The company closed one of its high-cost halls in 2018.
One of the factors leading to increased profit was a decrease in overall hall operating expenses. However, this was not the only factor driving the increased profit. In a statement, Dynam Japan’s chairman and chief executive officer, Kohei Sato, explained that “Apart from the dedication in excelling in our pachinko business, we will also strive to expand our new businesses by purchasing more aircrafts as well as developing new casino machines.”