Japan ／ 6249
Gamecard Holdings,Inc.(旧英訳名 Gamecard-Joyco Holdings,Inc.)(注)2025年6月19日開催の定時株主総会の決議により、2025年10月1日か ら会社名及び英訳名を上記の通り変更いたしました。6249
Shrinking pachinko-hall market plus cross-held stakes by rival machine makers leave the market unwilling to re-rate the stock.
ShrinkingSales down and profit down 20% or more over two years.
Why the market may be pricing it low
Revenue is tied directly to a pachinko-hall count that keeps shrinking, weighing on how the market values the business.
全国パチンコホール数は6,464店舗となっており、2024年12月末の店舗数6,706店舗から242店舗減少しておりますRisk factors
What could close the gap
Ongoing consideration of M&A and capital alliances to build new business areas could shift perception away from a shrinking industry.
Ｍ＆Ａ、資本業務提携等、継続的に検討してまいります。新たな事業領域を確立することにより、継続的な成長を目指してまいりますManagement policy
A pickup in smart-pachinko adoption, currently below expectations, could reverse the revenue decline trend.
スマートパチスロの普及は底堅く推移したものの、スマートパチンコの普及は想定よりも低調に推移いたしましたMD&A
How a buyer could still lose (value trap)
Sales and operating profit fell about 33% and 50% year-on-year, so the low P/E may already reflect a shrinking earnings base rather than signal cheapness.
Based on the figures below
With ¥38.3bn cash and no debt, ROE is only 5.5%, suggesting the large cash pile is not being converted into shareholder returns.
Based on the figures below
Drafted by AI on 29 Sep 2026 from the figures on this page and excerpts of the filing only (no web search). Each point's quote was checked by machine against the filing text; points whose quote could not be found are not shown. These are hypotheses, not findings. Latest annual report (EDINET)
Financial quality (Piotroski F-score)
- ✓Profitable (ROA > 0)
- ✓Positive operating cash flow
- ✗ROA up on last year
- ✓Cash flow exceeds net profit
- ✓Leverage down on last year
- ✓Current ratio up on last year
- ✓No new shares issued
- ✓Gross margin up on last year
- ✗Asset turnover up on last year
Scored out of the checks with data, scaled to 9. Compares the latest year with the year before.
Figures
- Sales
- ¥25.4bn
- Operating profit
- ¥4.5bn
- Net profit
- ¥3.3bn
- Operating cash flow
- ¥3.5bn
- Cash
- ¥38.3bn
- Debt
- ¥0.0bn
- Equity
- ¥60.4bn
Annual report for the year to 2026-03-31
This site ranks companies whose share price is low relative to their profits, using public filings and market prices, and has AI draft hypotheses on why they are cheap from those filings. The hypotheses are unverified. Nothing here is a price forecast or a recommendation to buy or sell. Not investment advice.
Updated 29 Sep 2026 12:31 JST