Decision and Details
Frequently Asked Questions and Answers (April 2026)
To strengthen communications with investors and ensure fair disclosure. While in-house development and M&A involving IP owners entail uncertainty regarding the recovery of investments and high valuations, the platform business has stable cash flow and a high cash collection efficiency.
The company stated that the situation in the Middle East is not expected to affect consolidated results. It explained that the North American business will transition to a stage where it can continue to generate FCF with only maintenance CAPEX once the replacement of game machines has run its course.
| Item | Details |
|---|---|
| Matter Covered | Frequently Asked Questions and Answers (April 2026) |
| Decision Date | 30 April 2026 (disclosure date) |
| Implementation Date | 30 April 2026 (actual disclosure date) |
| Period Covered | Responses to questions received from investors in April 2026, and future disclosures planned around the end of each month |
| Quantity / scale | More than 1,000 stores in Japan, more than 13,000 stores in North America, an EBITDA-to-FCF conversion of approximately 50% for game centers, and approximately 70% for karaoke boxes |
| Impact on Business Performance | The company stated that the situation in the Middle East is not expected to affect consolidated results. It explained that the North American business will transition to a stage where it can continue to generate FCF with only maintenance CAPEX once the replacement of game machines has run its course. |
| Reason | To strengthen communications with investors and ensure fair disclosure. While in-house development and M&A involving IP owners entail uncertainty regarding the recovery of investments and high valuations, the platform business has stable cash flow and a high cash collection efficiency. |
| Related previous disclosures | Previous "Frequently Asked Questions and Answers" disclosures (details of the dates and titles: Not disclosed) |
| Future plans | Disclose "Frequently Asked Questions and Answers" around the end of each month. Consider full-scale IP acquisition once a sufficient platform network has been secured. |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company discloses the main questions received from investors and its answers to strengthen its communications with investors and ensure fair disclosure.