Japanese gaming and mobile services provider NJ Holdings reported a quarterly loss as its main gaming division saw reduced activity and project delays. The Tokyo-based company swung to an operating loss of 36 million yen ($240,000) in the July-September period, compared with a 148 million yen profit a year earlier.
Revenue dropped 23.4% to 2.12 billion yen ($14.1 million) as several gaming development projects moved past their peak phase. The gaming segment, which accounts for about three-quarters of total sales, saw revenue plunge 29.1% while profit tumbled 83.1%.
The company’s mobile device retail business provided little relief, with only marginal revenue growth of 3.1% despite higher device prices. Profit in this segment fell 30.4% as customer traffic remained weak, though showing signs of stabilization.
Management maintained its conservative full-year outlook, projecting an 85.4% drop in net profit to 40 million yen ($267,000) for the fiscal year ending June 2025. The company expects new gaming projects to materialize in coming quarters, though timing remains uncertain.
