The company speculates the capital investments by American casinos may be triggered by tax revisions in the United States. In addition to the uptick in the U.S. business and a restructuring plan, the company said it expects to exceed its estimates.
The company issued this week a written statement saying it had accordingly increased its forecast of annual profit attributable to the owners of its parent company to US$ 8.8m from US$ 7.9m.
In its last financial year JCM made a net profit of US$ 8.1m on net sales of US$ 262m.
The statement says JCM now expects to have made a profit attributable to the owners of its parent company of JPY980 million on net sales of US$ 136m in its financial second quarter ended September, having forecast before a second-quarter profit of US$ 4.39m on net sales of US$ 127m.
Source: GMB / GGR Asia
