Heiwa Corp. reported its financial results for the first quarter of fiscal 2025, ending March 2025. Sales increased by 1.8% to 35.586 billion yen (USD 250.4 million), while operating profit rose 15.5% to 8.654 billion yen (USD 60.9 million). Ordinary profit climbed 17.3% to 8.725 billion yen (USD 61.4 million), and net profit improved by 13.8% to 5.628 billion yen (USD 39.6 million).
The gaming machine business faced a 7.5% decline in sales to 8.608 billion yen (USD 60.5 million), despite selling 10,000 units of pachinko machines and 8,000 pachislot units. However, operating profit surged by 49.5% to 2.272 billion yen (USD 16.0 million) due to reduced costs through reuse initiatives.
Meanwhile, the golf business saw a 5.2% increase in sales to 26.977 billion yen (USD 189.8 million) and a 6.4% rise in operating profit to 7.082 billion yen (USD 49.8 million). The company enhanced its offerings by increasing “Cool Carts” from 1,000 to 4,000 units and expanding unmanned lawn mowers, boosting operational efficiency and appealing to golfers amid rising demand.
Heiwa projects fiscal year-end sales of 158.2 billion yen (USD 1.11 billion), a 16.0% increase, with operating profit expected to reach 30 billion yen (USD 211.3 million), up 28.0%. The company remains optimistic, targeting a 20.4% increase in net profit to 20 billion yen (USD 140.9 million), driven by ongoing demand and strategic expansions. The company’s progress rate stands at 22.5% for sales and 28.1% for net profit, reflecting its solid start to the fiscal year.
