Niraku GC Holdings 1245

Niraku GC Holdings 1245

Postby winston » Tue Mar 24, 2015 4:07 am

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Pachinko firm opens book

Niraku GC Holdings opens its retail book today for its HK$384 million float, followed by the heavyweight GF Securities starting its HK$27.9 billion H-share sale to retail investors tomorrow.

Japan's fourth-largest pachinko-hall operator, Niraku, will price shares at between HK$1.10 and HK$1.28 apiece, representing at least HK$2,585.80 for a board lot of 2,000 shares.

Niraku is the second locally listed Japanese pachinko operator after Dynam Japan Holdings (6889). Niraku will use 90 percent of its net proceeds to open five new halls in northeast Japan.

Chairman and chief executive Hisanori Taniguchi said Niraku chose the SAR to list because investors are familiar with the gaming industry.


Source: The Standard HK
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Re: Niraku GC Holdings IPO

Postby winston » Tue Mar 24, 2015 9:19 pm

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Pachinko parlor operator Niraku to go public in Hong Kong

FUKUOKA – Niraku Corp., an operator of pachinko parlors, plans to go public on the Hong Kong Stock Exchange where its stock is expected to start trading around April 8, sources close to the matter said Monday.

Fukushima-based Niraku is expected to raise some ¥5 billion ($41.7 million) and use the proceeds as investment and working capital, the sources said.

Niraku will be the second Japanese pachinko parlor operator to be listed on the Hong Kong bourse following Dynam Japan Holdings Co. in 2012.

Although some pachinko machine manufactures have gone public in Japan, no pachinko parlor operator has listed its shares on a Japanese bourse amid strong opposition as some view the game as a form of gambling.

There are shops which exchange winnings from pachinko parlors for cash.

Established in 1950, Niraku runs more than 50 parlors in eastern Japan centering on Fukushima Prefecture. For the business year through March 2014, it posted a pretax profit of ¥6.6 billion on revenue of ¥235.3 billion.

“It is true that we have applied for listing,” a company official said, but declined to give details.

http://www.japantimes.co.jp/news/2015/0 ... RFj5PyUd1Z
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Re: Niraku GC Holdings IPO

Postby winston » Fri Oct 21, 2016 10:51 am

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NIRAKU Expects Apr-Sep Profit After Tax to Surge YoY

NIRAKU (01245.HK) 0.000 (0.000%) issued a positive profit alert, predicting a substantial increase in the consolidated profit after tax for the six months ended 30 September 2016 as compared to that for the same period in 2015.

The increase is mainly due to the substantial reduction in pachinko and pachislot machine expenses as a large portion of the group’s annual machine replacement for the prior year was accelerated to take place during the six months ended 30 September 2015, whilst for current year, the group scheduled to replace the majority of machines in the second half of the year.

Source: AAStocks.com
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