Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6 percent decline in overall revenues in FY17, extending a decline that has continued for several years.
In results released publicly on Friday, Maruhan reported revenues of just over JPY1.55 trillion (US$14.2 billion), with operating profits at above JPY31.6 billion yen (US$289 million), which was a drop of 10.5 percent from the previous year.
This is the company’s third consecutive year of declining sales and profits.
The number of pachinko parlors operated by Maruhan, however, remained stable at 321, giving them a roughly 3.4 percent share in this highly-decentralized market.
Dynam, which is Maruhan’s leading competitor, also recently reported a 5.2 percent decline in revenue to the level of JPY775 billion US$7.1 billion), as well as a 3 percent decline in operating profits to JPY152 billion yen (US$1.4 billion).
Dynam operates 450 mainly low-cost playing halls to Maruhan’s more expensive 321 halls.