Universal Entertainment half year financial results shows revenue decrease

Universal Entertainment has recorded revenue figures of YEN28.6bn (£187.2m/€220.4m/$261.1m) for the first half of 2021, representing a 56.4% decrease on the same time last year.

YEN14.00bn came from the sales of gaming machines, although this decreased significantly from 2020 by 71.4%. A further YEN14.10bn was generated from integrated resorts, with Tiger Resorts Leisure and Entertainment – which reported its results last month – contributing YEN8.0bn. YEN537m came from other or unallocated sources.

Expenses declined, but not enough to prevent the operator from making a loss.

Sales expenses dropped to YEN16.43bn, decreasing 38.4%. General and administrative expenses also fell to YEN20.95bn.

The company made an operating loss of YEN14.19bn for the first half of the year, with a Covid-19-enduced state of emergency declared in most prefectures of Japan a contributing factor. After accounting for income taxes, net losses totaled YEN16.93bn.

Gaming machine losses were YEN2.32bn, integrated resort losses totaled YEN2.02bn, while other and unallocated sources lost YEN4.36bn. Non-operating expenses were YEN5.29bn, however non-operating income amounted to YEN5.29bn.

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