Cash-handling equipment supplier Japan Cash Machine Co Ltd (JCM), also known as JCM Global, is aiming to boost market share in the markets where it already operates and expand into new markets, says company President Yojiro Kamihigashi in the firm’s annual report.
“During the current fiscal year, we will work to enhance JCM’s performance and overcome challenges facing each of our businesses,” Kamihigashi wrote, “while pursuing our two main objectives of maintaining or raising market shares held by the group’s businesses and accelerating the growth of new businesses.”
JCM reported net sales of approximately JPY30.23 billion (US$268.5 million) for the fiscal year ended March 31, up by 1.6 percent year-on-year. Revenue from sales in the gaming segment accounted for 54.1 percent of total revenue in the period, at JPY16.35 billion.
“During the fiscal year under review, conditions were mixed in the markets in which the JCM group operates, namely the gaming market, the amusement equipment market, as well as the banking, retail and transportation markets,” said Kamihigashi. “Nevertheless, the group successfully carried out growth strategies tailored to each of these markets, offering system-based solutions and expanding product line-ups, among other initiatives.
“Opportunities remain for market growth going forward in countries and regions around the world. In Japan, for example, plans are in place for the construction of new integrated resorts that include casinos.”
