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Gendai Agency (2411) · RiskRestatedLatest Earnings (2026-07-17): "Softened"

Deteriorating Earnings in the Pachinko Hall Industry

First written in FY2017-Q1. 19 of 32 entries say "Restated". Latest entry: 2026-07-17.

32entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q2 – FY2020-Q32016: 220162017: 420172018: 420182019: 320192020: 420202021: 420212022: 320222023: 220232024: 220242025: 120252026: 32026
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

Gendai Agency moved to the "Worse" side of this theme in 2020, 4 years after the typical company in this theme (2016).

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

0 other companies' latest entry also says "Softened".

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

    「In the pachinko hall industry, a major customer of our Group, expectations for revitalization are rising as smart gaming machines, the next-generation machines, become more widespread and machines with new gaming features, including “Lucky Trigger” in pachinko machines and “Bonus Trigger” in slot machines, are introduced.」

    It continues to explain that the introduction of smart gaming machines and machines with new features is raising expectations for revitalization of the pachinko hall industry.
  2. FY2025-H1SoftenedAnnual report

    「In the pachinko hall industry, a major customer of our Group, expectations for revitalization are rising, partly because smart gaming machines, the next-generation machines, are becoming more widespread and pachinko machines equipped with the new “Lucky Trigger” feature, introduced in March 2024, have gained user support.」

    It states that the spread of smart gaming machines and support for machines equipped with “Lucky Trigger” are raising expectations for revitalization of the pachinko hall industry, somewhat softening the previous one-sided description of deteriorating earnings.
  3. FY2024-Q3WorsenedAnnual report

    「In the pachinko hall advertising market, a recovery in advertising demand was expected, partly because demand generated by the introduction of next-generation machines was supplemented by moves in each prefecture to review advertising restrictions on pachinko halls following the National Police Agency’s January 2023 notification, “Handling of Advertising and Publicity in Pachinko Operations.” However, advertising expenditures continued to be restrained to secure funds for the investment required to introduce next-generation machines. In addition, demand declined sharply after many pachinko halls refrained from using internet advertising involving influencers and others because of regulations on stealth marketing that took effect in October 2023.」

    While there were expectations for revitalization from the introduction of next-generation machines and the review of advertising restrictions, it states that advertising expenditures were restrained to secure capital investment funds and that demand for internet advertising declined sharply because of the stealth-marketing regulations.
  4. FY2024-Q2WorsenedAnnual report

    「The pachinko hall advertising market during the six-month period ended this quarter temporarily became more active, partly because attention-grabbing next-generation pachislot machines were introduced in April this year, but demand for replacing machines with new models settled down temporarily from May onward. In addition, the market reception of next-generation pachinko machines remains uncertain, and their impact on advertising demand was limited. Some customers continue to restrain advertising expenses to secure funds for capital investment in next-generation machines, leaving the outlook for demand uncertain.」

    While attention-grabbing next-generation pachislot machines temporarily boosted activity, demand for replacing machines with new models settled down, the market reception of next-generation pachinko machines and future advertising demand remain uncertain, and advertising expenses continue to be restrained to secure funds for capital investment.
  5. FY2024-Q1SoftenedAnnual report

    「In the pachinko hall industry, a major customer of our Group, expectations for revitalization of the industry are tending to rise, partly because attention-grabbing next-generation pachislot machines introduced in April this year have been gaining attention, following their introduction beginning in November last year.」

    It describes rising expectations for revitalization of the pachinko hall industry following the introduction of attention-grabbing next-generation pachislot machines, somewhat softening the previous description of the difficult industry environment.
  6. FY2023-Q2RestatedAnnual report

    「In the pachinko hall industry, a major customer of our Group, visitor numbers are recovering as restrictions on activities associated with COVID-19 have been eased, but have not returned to pre-pandemic levels, and difficult earnings conditions continue. In addition, investment appetite for store renovations and purchases of new gaming machines has declined as operators hold back on investment in new-standard machines and other equipment expected to be introduced in the future.」

    It continues to explain that although visitor numbers are recovering, they have not returned to pre-pandemic levels and earnings conditions and investment appetite in the hall industry remain difficult.
  7. FY2023-Q1WorsenedAnnual report

    「In the pachinko hall industry, a major customer of our Group, visitor numbers are recovering as restrictions on activities associated with COVID-19 have been eased, but have not returned to pre-pandemic levels, and difficult earnings conditions continue. In addition, investment appetite for store renovations and purchases of new gaming machines has declined as operators hold back on investment in new-standard machines and other equipment expected to be introduced in the future.」

    It states that although visitor numbers are recovering, they have not returned to pre-pandemic levels and difficult earnings conditions continue. It also states that investment appetite for store renovations and purchases of new gaming machines has declined as operators hold back on investment in new-standard machines and other equipment.
  8. FY2022-Q3SoftenedAnnual report

    「In the pachinko hall industry, a major customer of our Group, the routine issuance of states of emergency and priority preventive measures in response to the spread of infections led visitors to refrain from visiting the facilities and to a tendency for advertising and promotional activities intended to attract customers to be curtailed, resulting in weak advertising demand. Meanwhile, after the state of emergency was lifted at the end of September, the number of visitors attracted to the facilities tended to increase gradually.」

    It describes weak advertising demand due to visitors refraining from visiting and advertising being curtailed in response to states of emergency and other measures, while noting a gradual increase in the number of visitors attracted to the facilities after the measures were lifted.
  9. FY2022-Q2RestatedAnnual report

    「In the pachinko hall industry, a major customer of our Group, the routine issuance of states of emergency and priority preventive measures in response to the spread of infections led visitors to refrain from visiting the facilities and to a tendency for advertising and promotional activities intended to attract customers to be curtailed, resulting in weak advertising demand.」

    It continues to explain that advertising demand in the pachinko hall industry, a major customer, remained weak because visitors refrained from visiting and advertising and promotional activities were curtailed in response to states of emergency and other measures. No new figures are provided, but the decline in demand did in fact occur.
  10. FY2022-Q1RestatedAnnual report

    「In the pachinko hall industry, a major customer of our Group, the repeated issuance of states of emergency and priority preventive measures in response to the spread of infections led visitors to refrain from visiting the facilities and to a tendency for advertising and promotional activities intended to attract customers to be curtailed, resulting in weak advertising demand.」

    It continues to explain that advertising demand in the pachinko hall industry remained weak because visitors refrained from visiting and advertising and promotional activities were curtailed in response to states of emergency and other measures.
  11. FY2021WorsenedAnnual report

    「Furthermore, in response to the spread of infections, pachinko halls nationwide refrained from advertising and promotional activities intended to attract customers from March 2020, causing advertising demand to decline sharply thereafter. However, advertising and promotional activities gradually resumed at the prefectural level beginning in June. In July, moves also began toward normalizing customer-attraction activities at stores and other facilities, and advertising demand began to recover. However, as the impact of COVID-19 continued for an extended period and the government again declared a state of emergency for major prefectures in January 2021, advertising demand declined sharply once more, affected by visitors refraining from using the facilities and by the facilities’ own restraint and curtailment of advertising.」

    It states that advertising demand temporarily recovered but declined sharply again following the reissuance of the state of emergency in January 2021 and other developments.
  12. FY2021-Q3WorsenedAnnual report

    「However, the impact of COVID-19 has been prolonged, and as the number of infections surged nationwide in December, visitor numbers at these facilities began to stagnate, delaying the recovery in demand.」

    It states that the recovery in demand has been delayed in the pachinko hall industry because visitor numbers stagnated amid the surge in infections.
  13. FY2021-Q2RestatedAnnual report

    「In the pachinko hall industry, a major customer of our Group, an exceptional situation arose in which the majority of pachinko halls closed in response to requests from prefectural governments to suspend operations, based on the government’s state of emergency declared on 7 April 2020, initially covering 7 prefectures and expanded nationwide on 16 April, amid the spread of COVID-19. The closures continued from mid- to late May until the declaration was lifted in stages by area, significantly affecting pachinko hall operators.」

    It continues to describe the closure of the majority of pachinko halls and the significant impact on the operating companies.
  14. FY2021-Q1MaterialisedAnnual report

    「In the pachinko hall industry, a major customer of our Group, an exceptional situation arose in which the majority of pachinko halls closed in response to requests from prefectural governments to suspend operations, based on the government’s state of emergency declared on 7 April 2020, initially covering 7 prefectures and expanded nationwide on 16 April, amid the spread of COVID-19. The closures continued from mid- to late May until the declaration was lifted in stages by area, significantly affecting pachinko hall operators.」

    It states that the majority of the major customers, pachinko halls, actually suspended operations, significantly affecting the operating companies.
  15. FY2020WorsenedAnnual report

    「The pachinko hall industry, a major customer of our Group, continues to face difficult earnings conditions as user participation frequency and spending have declined. In addition, amid the ongoing tightening of industry regulations aimed at addressing gambling addiction and curbing excessive gambling incentives, an increasing number of hall operators are concerned about the outlook, and investment appetite across the industry for new openings, store renovations and purchases of new gaming machines appears to be declining significantly compared with the past. Furthermore, in response to the spread of COVID-19, pachinko halls nationwide have refrained from advertising and promotional activities intended to attract customers since March 2020, resulting in a sharp decline in advertising placements since then.」

    It describes the continued decline in user participation frequency and spending, tighter regulations, weakening investment appetite, voluntary restraint on advertising and promotion in response to the spread of COVID-19, and the sharp decline in advertising placements.
  16. FY2020-Q3RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the pachinko hall industry, which is a major customer.
  17. FY2020-Q2RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the pachinko hall industry, which is a major customer.
  18. FY2020-Q1RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the pachinko hall industry, which is a major customer.
  19. FY2019-Q3RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction-related issues and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects associated with tighter regulations, and reduced investment appetite for new openings, renovations, and purchases of new gaming machines.
  20. FY2019-Q2RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction-related issues and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects associated with tighter regulations, and reduced investment appetite for new openings, renovations, and purchases of new gaming machines.
  21. FY2019-Q1RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction-related issues and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects associated with tighter regulations, and reduced investment appetite.
  22. FY2018RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects, and reduced investment appetite.
  23. FY2018-Q3RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and actively purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects, and reduced investment appetite for new openings, renovations, and purchases of new gaming machines.
  24. FY2018-Q2RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and actively purchasing new gaming machines appears to be declining significantly compared with the past.」

    The disclosure continues to describe declining user participation frequency and spending, hall operators' concerns over their future prospects, and reduced investment appetite for new openings, renovations, and purchases of new gaming machines.
  25. FY2018-Q1WorsenedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined. In addition, amid the recent trend toward tighter industry regulations aimed at addressing addiction and curbing excessive gambling incentives, an increasing number of hall operators are concerned about their future prospects. Across the industry, investment appetite for opening new facilities, renovating stores, and actively purchasing new gaming machines appears to be declining significantly compared with the past.」

    In addition to the deterioration in earnings caused by declining user participation frequency and spending, the disclosure describes hall operators' concerns over their future prospects and a significant decline in investment appetite, including for new openings, renovations, and purchases of new gaming machines.
  26. FY2017RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the major customer industry.
  27. FY2017-Q3RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the pachinko hall industry, which is a major customer.
  28. FY2017-Q2RestatedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure continues to describe declining user participation frequency and spending and difficult earnings conditions in the major customer industry.
  29. FY2017-Q1First statedAnnual report

    「In the pachinko hall industry, which is a major customer of our group, difficult earnings conditions have continued as user participation frequency and spending have declined.」

    The disclosure states that user participation frequency and spending have declined in the major customer industry, resulting in continued difficult earnings conditions.
Moved together

"Weak demand for advertising targeting pachinko halls" moved the same way as this thread, in the same document, in 12 of its 32 moves.

1297655★123456
  1. ★This thread
  2. 1Weak demand for advertising targeting pachinko halls12×
  3. 2Improving the profitability of the advertising business9×
  4. 3Uncertainty over the outlook for economic and financial conditions7×
  5. 4Operating income and other profits rise despite lower revenue6×
  6. 5Decline in Real Estate Business Revenue and Profit5×
  7. 6Weak demand for the camper van rental business5×

★ 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 Earnings of 2026-07-17: "Softened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Deteriorating Earnings in the Pachinko Hall Industry | GENDAI AGENCY INC. (2411) | Komori