Declining Distribution Prices and Shrinking Demand for Used Casino Machines
First written in FY2020-Q2. 2 of 4 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2021.
Gendai Agency moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual reportThe current-year report after the withdrawal from the casino business and removal from consolidation contains no new disclosure regarding declining prices for used casino machines.
- FY2020WorsenedAnnual report
「During the fiscal year, operating income remained negative in the Other Business segment, which comprises the electronic casino management services business. In addition, the decline in secondary-market prices resulting from the sharp contraction in demand for casino machines in Southeast Asia was confirmed. Accordingly, the carrying amount of the asset group associated with the segment was reduced to its recoverable amount, and the reduction of ¥116 million was recorded as an impairment loss under extraordinary losses.」
Against the backdrop of a sharp contraction in demand for casino machines and declining secondary-market prices, an impairment loss of ¥116 million was incurred for the full year. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter, operating income remained negative in the Other Business segment, which comprises the electronic casino management services business. In addition, the decline in secondary-market prices resulting from the sharp contraction in demand for casino machines in Southeast Asia was confirmed. Accordingly, the carrying amount of the asset group associated with the segment was reduced to its recoverable amount, and the reduction of ¥114 million was recorded as an impairment loss under extraordinary losses.」
Against the backdrop of a sharp contraction in demand for casino machines in Southeast Asia and declining secondary-market prices, the impairment loss increased from ¥112 million for the cumulative previous quarter to ¥114 million. - FY2020-Q2MaterialisedAnnual report
「The decline in secondary-market prices for used casino machines resulted in an impairment loss of ¥112 million being recorded on machines owned by GDLH in the second quarter.」
A sharp contraction in demand for casino machines in Southeast Asia and a decline in secondary-market prices were confirmed, and an impairment loss of ¥112 million was actually incurred on the machines held.