Dynam announced decline of revenue and profit for fiscal year ended March 2010
Although the company had been trying to reduce hall operating expenses by changing the strategy to utilize low denomination machines rather than high, the increased cost to build new pachinko halls off-set the effect of cost reduction effort. On the other hand, the net profit after tax rose 91% from the previous year because of its contingency losses for pachinko machines’ write off booked for previous year.
According to the company, it forecasts the growth of its revenue for the expected opening of new parlors in financial year ended March 2011. Due to its aggressive marketing and replacement costs of machines, operating profit and net profit are expected to decline.
As a result, the company’s expected financial figures for financial year ended March 2011 are as follows; revenue us$ 8.67 billion, operating profit after interest us$ 258 million and net profit us$ 115 million.
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