Komori
Gendai Agency (2411) · RiskRestatedLatest Financial results presentation (2026-10-16): "Worsened"

Dependence on sales to the pachinko hall industry

First written in FY2018. 4 of 10 entries say "Worsened", first in FY2020. Latest entry: 2026-10-16.

10entries
9years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2018RestatedFY2021 – FY2023WorsenedFY2024-Q3 – FY20242018: 120182019: 020192020: 220202021: 120212022: 020222023: 120232024: 220242025: 120252026: 22026
Same theme, other companies
Decline in demand for gaming halls and equipment upgrades as the pachinko market contractsA theme 11 companies write about · 14 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.

3 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「The Group's revenue is heavily dependent on advertising demand in the pachinko hall industry, a specific industry. The Group expects advertising demand from pachinko halls to continue declining or remain weak in line with tighter regulations and declines in the pachinko-playing population and spending per play.」

    The Group continues to highlight its dependence on pachinko hall advertising demand and maintain its outlook that demand will remain weak due to tighter regulations and declines in the playing population and spending per play.
  2. FY2024WorsenedAnnual report

    「In addition, as the decline in the pachinko-playing population and the number of pachinko halls continues, we expect advertising demand to remain weak.」

    The pachinko-playing population and the number of pachinko halls continue to decline, and advertising demand from pachinko halls is expected to remain weak in the next fiscal year as well.
  3. FY2024-Q3WorsenedAnnual report

    「In addition, demand fell sharply because many pachinko halls refrained from using internet advertising involving influencers and others following the stealth marketing regulations that took effect in October 2023.」

    Regarding dependence on the pachinko hall industry, a major customer sector, it is stated that Internet advertising demand in the industry declined sharply following the implementation of regulations.
  4. FY2023RestatedAnnual report

    「The Group's revenue is heavily dependent on advertising demand in the pachinko hall industry, a specific industry.」

    While dependence of revenue on pachinko hall advertising demand continues to be expressly identified as a major risk, a plan to reduce this dependence by developing customers in other industries is also described.
  5. FY2021RestatedAnnual report

    「The Group's revenue is heavily dependent on advertising demand in the pachinko hall industry, a specific industry.」

    Dependence of revenue on pachinko hall advertising demand continues to be expressly identified as a major risk.
  6. FY2021-Q1MaterialisedAnnual report

    「This suspension of operations continued from mid-May through late May, until the declaration was lifted in stages by region, and had a significant impact on companies operating pachinko halls.」

    It is stated that the dependence on pachinko hall advertising demand had a tangible impact, with most major customers suspending operations and advertising demand declining sharply.
  7. FY2020WorsenedAnnual report

    「As described in “I. Overview of the Company, 3. Business Description,” the Group's business consists of the activities described there, and its revenue is heavily dependent on advertising demand in the pachinko hall industry, a specific industry.」

    The dependence of revenue on advertising demand in the pachinko hall industry is again described in detail as a business and other risk, with a continued decline in demand also forecast.
  8. FY2018First statedAnnual report

    「The Group's revenue is heavily dependent on the pachinko hall industry.」

    The heavy dependence of revenue on the pachinko hall industry is expressly identified as a business and other risk.
Moved together

"Improving the profitability of the advertising business" moved the same way as this thread, in the same document, in 6 of its 10 moves.

644433★123456
  1. ★This thread
  2. 1Improving the profitability of the advertising business6×
  3. 2Weak demand for advertising targeting pachinko halls4×
  4. 3Operating income and other profits rise despite lower revenue4×
  5. 4Achieving an operating profit margin of 10% or more and ROE of 30% or more4×
  6. 5Expansion of Internet Media Sales3×
  7. 6Decline in Real Estate Business Revenue and Profit3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Gendai Agency's next results are scheduled for 2026-10-16. Read the earnings preview It last moved in the Financial results presentation of 2026-10-16: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on sales to the pachinko hall industry | GENDAI AGENCY INC. (2411) | Komori