Heiwa Corporation

The Group’s principal businesses are gaming machines and golf. It conducts business activities related to the leisure industry through a structure comprising the Company, 32 consolidated subsidiaries, 1 affiliated company, and 1 company for which the Company is an affiliated company. In the gaming machine business, the Group develops, manufactures, and sells pachinko and pachislot machines. In the golf business, it primarily owns and operates golf courses. Under its medium-term management plan, the Group has identified net sales, operating income, EBITDA, ROE, and the net interest-bearing debt-to-EBITDA ratio as key management indicators, and has published a plan running through the fiscal year ending March 2028. As part of its sustainability initiatives, the Group has established a Sustainability Committee, which identifies and monitors material issues, assesses risks and opportunities, and gathers opinions from outside experts. In the golf business, the Group is expanding Night Golf and Cool Cart and promoting direct-sales initiatives such as Jikadori to create value across the Group. In the gaming machine business, it is promoting reuse and recycling, standardizing components, revising designs, and pursuing both ESG initiatives and a profitable business structure. The Group plans to hold the grand opening of its first luxury resort hotel, PGM Hotel Resort Okinawa, on 3 July 2026, during the fiscal year ending March 2027, and is also pursuing M&A involving golf courses.