Japan
Okura placing new shares to purchase new pachinko/pachislot machines and update halls
Japanese pachinko operator Okura Holdings has announced that it is updating the share price on the 120 million new shares it is placing and has extended the placing agreement to December 1st.
According to a company filing with the Hong Kong Stock Exchange, the company has adjusted the share price to HK$0.196 ($0.025) from HK$0.18 ($0.023).
The gross proceeds from the placing are expected to amount to HK$23.52 million ($3.03 million), with net proceeds expected to amount to approximately HK$21 million ($2.7 million).
The company notes that it intends to use 50 percent of the funds for the purchase of pachinko and pachislot machines and 30 percent of the proceeds on the ‘renovation or enhancement of the Group’s existing pachinko halls and marketing expenses’.
The remainder will be used as general working capital of the group.
On Monday at 9am the group halted trading on the HKEX before the announcement. Trading was resumed at 1pm on Monday.
For the group’s fiscal 2025, ending September 30th, Okura recorded a 1.3 percent decrease in revenue, to JPY6.39 billion ($41.29 million), while seeing a 32.5 percent drop in profit before income tax – to JPY1.28 billion ($8.27 million). In its annual report, the group noted that the introduction of new machines in the group’s halls are expected to ‘generate more revenue […] in the future’.
Dingnews.com 18/11/2025
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