Kyowa Corporation
6570・Standard Market・Services
Amusement Facility Operations
Kyowa Corporation's core business. Amusement facility operations segment operating 73 stores nationwide.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Sales (Full Year) | ¥18,969 million | ¥15,278 million | ↑ |
| Segment Profit (Operating Income, Full Year) | ¥2,240 million | ¥1,656 million | ↑ |
| Segment Assets (Fiscal Year End) | ¥10,728 million | ¥8,716 million | ↑ |
| Depreciation (Full Year) | ¥2,258 million | ¥1,948 million | ↑ |
| Increase in Tangible and Intangible Fixed Assets (Full Year) | ¥3,709 million | ¥2,800 million | ↑ |
| Number of Stores at Fiscal Year End | 73 stores | 65 stores | ↑ |
Business Details
An independent amusement facility operations business operating 73 stores (as of end of March 2026) mainly in Nagano Prefecture, along roadsides and in complex commercial facilities across Hokkaido, Tohoku, Kanto, Koshinetsu, Hokuriku, Tokai, Kinki, Chugoku, and Shikoku areas. Centered on prize games, video games, and medal games, the business operates clean and safe stores under the motto of "bright, safe, and for three generations." It also operates large-scale combined stores with attached batting centers and bowling alleys, providing recreational spaces enjoyable across three generations. It also handles facility management contracting work.
Recent Overview
Record-high number of new store openings (9 new stores) and strong prize game performance drove both sales and profit to record highs.
In FY2026 (ending March 2026), the company opened 9 new stores during the year (1 store closed, net increase of 8 stores), bringing the total number of stores at fiscal year end to 73. In December, the fourth store in Hiroshima Prefecture, "Apina Hiroshima Hatchobori Nishi," was opened, and in March, "Apina Hamada," the first store in Shimane Prefecture, was opened, among others. The prize game genre performed strongly throughout the year, and the number of store visitors increased year on year. As the performance of each store exceeded expectations, it absorbed the increase in related costs associated with new store openings, resulting in segment sales of ¥18,969 million (up 24.2% year on year) and segment profit of ¥2,240 million (up 35.3% year on year), both record highs across all indicators.
Key Products
Growth Drivers
- Continued growing popularity of the prize game genre and increase in the number of store visitors
- Aggressive increase in the number of prize game machines and enhancement of a wide variety of prize lineups
- Capturing new customer segments through collaboration events with TV anime, sales of limited-edition merchandise, and store-wide limited-time campaigns
- Scale expansion through aggressive new store openings based on the medium-term plan (9 new stores opened in FY2026 (ending March 2026), net increase of 8 stores)
- Expansion of coverage through entry into new areas, including the first store opening in Shimane Prefecture
- Improved customer engagement through promotional activities via the official app and social media
Risks
- Increase in procurement costs (prizes and amusement equipment) due to inflation and yen depreciation
- Intensifying competition in the amusement industry (expansion of individual store scale and increase in machine numbers progressing)
- Changes in consumer behavior due to demographic shifts and diversification of values
- High dependence on borrowings and risk of rising financial leverage due to aggressive new store openings (long-term borrowings balance of ¥4,820 million)
- Risk of increased restoration costs due to changes in estimates of asset retirement obligations (an increase of ¥270 million in the current period), among others
- Risk of inefficiency in equipment maintenance, prize supply, and personnel management due to long distances between stores
Last updated: June 23, 2026