Message

Our company s brand slogan of All in the name of fun expresses how everything we do is
to instill feelings of This is fun! . Our high-quality products and services and corporate activities
in general continue to deliver on this promise.
In 2009, thanks to our loyal shareholders, players and other supporters, we commemorated
our 40th anniversary, upon which we renamed ourselves Universal Entertainment Corporation. A decade later, we marked 50 years since the founding of our company. We intend tocontinue fulﬁlling expectations through inspiring notions of This is fun! and furthering ourcollective pursuit of high-quality entertainment.
Keeping our core Amusement Equipments Business in step with the dramatic changes thatcharacterize the market is no easy feat. Yet, we proudly believe that the experience, planningcapability and development prowess that we have accumulated since our founding are uncontested. Through using data-gathering and analysis to incorporate market trends and needs into
R&D and creating machines that both feature superior payout performance and satisfy players
and parlors alike, we shall remain focused on developing the industry.
Overseas, we continue to steadily promote OKADA MANILA, our integrated resort (IR)project in the Philippines. Convinced that the entertainment industry will continue to grow, weshall keep on striving to realize a world-class entertainment resort, one that will completely
alter existing preconceptions of casinos and charm visitors from all over the world with its
casino, luxurious hotel, one of the world s largest water fountains and many other entertainment facilities.
We view the provision of sound entertainment that transcends the likes of age, gender andnational borders to people all over the world as our mission. Please continue to look forward to
the new value that This is fun! drives us to create.

Tomohiro Okada
Representative Director & President
Universal Entertainment Corporation

Our Business Activities
The nature of entertainment has become more diverse over theyears. In our ongoing pursuit of the concept of This is fun! ,all of us at Universal Entertainment will continue to create
entertainment with value through the deep insight andknowledge we have accumulated since our founding.

2 core businesses serve as the framework for our progress
Our core businesses consist of our domestic Amusement Equipments Business, and Integrated Resort Business. The relationshipbetween each of these business and their associated companies

Amusement
Equipments
Businessare shown below.

Amusement Equipments BusinessGroup business management
Reseach, development, manufacture and sales of Pachislot and Pachinko machines and peripheral devices

Universal Entertainment Corporation
Development and manufacturing of Pachislot and Pachinko machines

Macy Co., Ltd.
Eleco Ltd.
Mizuho Corp.
ACROSS CORP.
Universal Bros.

Integrated Resort Business
Development
Manila, the Philippines

OKADA MANI

resort facility in

TIGER RESORT, LEISURE AND ENTERTAINMENT, INC.
Other Businesses

Investment to Wynn Resorts, Limited
Investment management

Aruze USA, Inc.
Media Business
Utilization of our intellectual property to develop and distribute various contents through the Internet, etc.

Universal Entertainment Corporation

Integrated
ResortBusiness

Amusement Equipments Business: Supplying Fun
Over time, Universal Entertainment has been lauded by developing consistently-novel
amusement machines as an industry pioneer. Underlying that development stance of ours isa spirit of manufacturing that places emphasis squarely on fun.
We see doing our part to energize our fans and invigorate the Pachislot and Pachinko industry
as a whole through our amusement machines as both our challenge and our mission.

Driving the market as the

symbol layouts that produce winning combinationsindustry s leading manufacturer

and reel symbol designs that emphasize visibility. As

In the amusement machine industry, January 31, 2022

we continue to carry forward our unique DNA encod-

marked the transition to a market based on amended

ed with this history and tradition, we bring to theregulations. Since entering this phase of major change,market Pachislot and Pachinko machines that demon-

the market has been showing new momentum withstrate new creativity and ﬂexibly accommodate that

Pachislot machines based on the new regulations

ever-changing market through ceaseless research.

becoming more widespread and smart amusement
machines

exhibiting

utilizationlevelsthat

meet

Realizing new value-added throughPachinko hall expectations.

our peripherals

Universal Entertainment is aggressively engaged in

Universal Entertain-

the development and distribution of a wide-ranging

ment has always

lineup of Pachislot titles that satisfy player needs.

aggressively

With a spirit of manufacturing that emphasizes fun,engaged in thewe will keep on doing our part to invigorate the entire

development

market as the industry s top manufacturer.

new, unprecedent-of

ed functions that

Our unique DNA and title development

blaze a trail in thebased on market research

peripheral market. Through smart device-compatible

Since entering the Pachislot business in 1980, we havesystems, we will offer new value-added that shapesbrought forth countless hit titles that are consistently

the next-generation of Pachinko halls.

novel and invigorate the industry.
In our development efforts for Pachislot machines, weCreating superior patented technology

have strongly focused on dynamic visuals and musicalSince the dawn of the Pachislot industry, we havepresentation linked to combinations of reel symbols.

developed, patented, and held various other technolo-

We are especially known for our superb fusions of reelgies and patents that contributed substantially to thedevelopment of the industry, where we will continue
to secure our competitive advantage by patenting
revolutionary technologies.

Consideration for the global environment
Given that we live side by side with our planet at all
times, we emphasize environmental consideration justas we would any other factor of amusement machine
production. Moreover, we ensure that only elementswith a minimum environmental footprint go into every
OKIDOKI! GOLD

ANOTHER GOD HADES:TOKIHANATARESHI SOUGEKI ver.

stage of the production process while being mindful ofthe 3Rs (Reduce, Reuse and Recycle).

Progress on OKADA MANILA ®
With its world-renowned beach resorts, scenic environments and proximity to other Asian
countries, Manila Bay has been marked for being a prime location for a casino resort.
This alluring site shall be where we will present the world with the ultimate entertainment
offering ‒ a casino resort the likes of which the Philippines has never seen.

Concentrated expansion ofcasino resorts in Asia
Regardless of where in the world they are located,almost all famous resort destinations across the world
offer casino-centered entertainment. Casinos havebeen built in succession in Asia as well, most recently
in the Philippines.
Limitations on travel due to the COVID-19 pandemic
considerably impacted the casino market. However,
due largely to the lifting of those regulations and thereturn of domestic guests to casinos, the market iscurrently trending towards recovery. This includes thePhilippine market, which has nearly recovered to
pre-pandemic levels, and the number of overseas

about 2.46 million in 2022, it is projected to rise to 4.8

travelers entering the country is expected to keep

million in 2023 and recover to its pre-pandemic levelrecovering well into 2023.

of 8 million by 2025.

Rich tourism resources andCreating a new high-end resort for Asia

edge over competing regions

The Universal Entertainment Group obtained a provi-

Surrounded by the ocean and boasting great scenic

sional license to operate a casino in the Philippines inbeauty, the Philippines consists of over 7,000 small

2008, followed by certiﬁcation as an Economic Zone

and large islands. Here, one can ﬁnd untouched(Tourism Ecozone) in 2010 to take advantage of local

nature, a warm climate, and a treasure trove oftax beneﬁts and receive permission to operate atourism resources. Daily life in developed countries

casino as a wholly foreign capital corporation. In

and areas such as metropolitan China can be extraor-

December 2016, we ﬁnally commenced operation ofdinarily busy. Casino resorts in the Philippines are

ouranticipated to have enormous latent demand as

followed this with the acquisition of a regular license

getaway destinations for travelers from those areas.

for casino operations in 2022. At this IR, we have

Another huge draw in that regard is Philippine hospi-

brought together a ﬁrst-class hotel, one of the world s

tality, which is part of the national character.

largest multicolor fountain attractions ( The Foun-

Compared to the competing location of Singapore,tain ), and an all-weather glass dome housing one of

Manilla takes about 3.5 hours from Shanghai andSoutheast Asia s largest night clubs and beach clubs

generally around 1.5 to 2.5 hours from China s other( Cove Manila ). Plus, by enhancing dining and retailprincipal cities. Being closer overall from Japan andofferings that are popular among domestic guests,

South Korea as well adds to Manila s competitive

we are expanding the scale of our operation in theadvantage over Singapore in terms of location.

mass market. We will keep on making OKADA MANILAIn pre-pandemic 2019, as many as 8.26 million foreign

one of the world s leading premier entertainment

tourists visited the Philippines. While this ﬁgure wasresorts.

OKADA MANILA

integrated resort (IR), andSports and Sponsorship Activities
As an enterprise that creates entertainment, we are also proactive about doing its partfor activities that translate into contributions to the community.
It is our ﬁrm belief that by sponsoring various activities that inspire feelings of enjoyment
and other emotions in people, we can help realize an enriched, peaceful society.

Universal Entertainment Athlete Club

Okada Museum of Art Cup
Women s Shogi Masters Tournament
The Women s Shogi Masters Tournament, which dates back to the emergence of professional female shogi(Japanese chess)players,has

thelongest history and tradition of any of
the sport s title bouts held at present.
Since 1993 (the 20 th tournament),
Universal Entertainment has been a
special sponsor of this tournament
with the intention of contributing to
Proud members of the Clubthe forward development of the mind

As a global entertainment company

competitions on numerous occasions.

extension, the promotion of Japanesethat continues to spread fun and

Their achievements go beyond domes-

culture.

enjoyment throughout the world, we

tic competitions to include represen-

In the 49 th tournament held in 2023,

wish to show our support for people

tation of Team Japan at internation-

two title-holder Tomoka Nishiyama,

who are doing their very best. Thatal ones hosted in Daegu, London,

who won the right to challenge thesentiment inspired us to establish the

Moscow,

champion in her ﬁrst league appear-

Aruze Athlete Club (now the Universal

many other cities.

ance, took on sitting champion SaeEntertainmentin

In 2024, the Club marked the 21st year

Ito, who had secured her long-sought

January 2004. Under the guidance ofsince its inception. As we continue toﬁrst title after nine tries. Winningthe late Yoshio Koide, the renowned

support activities that help promote

three games out of this dramaticcoach behind the development ofsports culture and contribute to theﬁve-game

numerous star athletes, the athletes

community, we will convey the power

whether Nishiyama or Ito would win

and staff members of the Club haveof dreams and emotion to more andor defend the crown for the ﬁrst time,collectively strived to realize theirmore people. Please cheer on the

Nishiyama emerged as the tourna-

dreams while engaging in heatedathletes of the Club as they keep

ment champion.

rivalry on a day-to-day basis.

building on their earnest efforts toGoing forward, we will continue

Club athletes have endured rigorous

make Japan a brighter place throughstriving to breathe fresh life intotraining to perform brilliantly in major

the power of sports.

women sAthleteClub)

Beijing,Hangzhou,andsport of women s shogi and, byseries

shogi

to

and

determineachievethefurther growth and development of

Key Achievements in Recent Years

the sport through tournament hostAzusa Sumi

2015 IAAF World Championships in Athletics in Beijing 5,000m

Team Japan

Mirai Waku

2016 22nd World Half Marathon Championship

Half marathon

Team Japan

2019 Hokkaido Marathon

Full marathon

1st placeis to communicate Japanese and AsianFull marathon

4th place (Team Japan)

culture to the rest of the world andFull marathon

4th placecontribute widely to the creation of

17th Asian Marathon Championships
2021 Nagoya Women s Marathon
2022 Nagoya Women s Marathon
2023 The 19th Asian Games Hangzhou 2022
Naomi Muthoni 2021 105th Japan National Championships

Qualified for MGC
Full marathon
5,000mTeam Japan
1st place (open participation)

Team

2021 41st All-Japan Women s
Corporate Ekiden Marathon

Hibiki Onishi

2022 50th Yamaguchi All-Corporate

10km

2nd place

Yuka Sarumida2022 105th Japanese Athletics Championships
Cross-Country

Senior 8km

2nd place

Rui Aoyama

2022 The Combined 10th Osaka Marathon and77th Lake Biwa Mainichi Marathon

Full marathon

3rd place

Half Marathon Championships

Long-distance relay road race ( Ekiden ) 7th place

Okada Museum of Art, whose mission

culture.

* Titles are current as ofApril 2023.

Tomoka Nishiyama after
her ﬁrst Women s Shogi
Masters Tournamentchampionship win

Business Results: Highlights [Consolidated]
Operating Income

Net Sales
Unit: Million Yen

178,995

180,000

Unit: Million Yen

30,48030,000140,998
124,944
120,000

20,00090,871 90,435

12,08560,00010,000

0

0

19.12

20.12

21.12

22.12

23.12

389
19.12

2,555

1,959

20.12

21.12

22.12

Net Income Attribute to Owners of Parent

Ordinary Income

Unit: Million Yen

Unit: Million Yen

38,08040,00028,43920,00013,933

11,506

10,00010,000040,00030,00030,00020,00023.12

0△7,941 △9,249 △2,508△5,191 △19,218 △19,052-10,000-20,000-10,000

19.12

20.12

21.12

22.12

23.12

19.12

EPS (Earnings Per Share)

20.12

21.12

22.12

23.12

BPS (Book-value Per Share )Unit: Yen

400

367.045,000

4,756.13

5,011.39

4,614.09

148.50200

Unit: Yen

4,000

4,373.31

4,507.48

0-200△66.183,000△247.60△245.88

-400

2,000

19.12

20.12

21.12

22.12

23.12

19.12

ROE (Return on Equity)

20.12

21.12

22.12

23.12

Ratio of Shareholders Equity
Unit: ％

10

7.7

Unit: ％

80

64.9

62.9

19.12

20.12

60

3.3
0

59.2

58.6

21.12

22.12

61.8

40

△1.4

△5.3

20

△5.5
-10

0

19.12

20.12

21.12

22.12

23.12

23.12

The Company s history
1969.12

Universal Lease Co., Ltd.

1970. 7

Commenced manufacture of amusement machines.

1971.10

Changed trade name to Universal Co., Ltd.

Established for the purpose of leasing jukeboxes.

Universal Co., Ltd.
1975. 91980. 3

1988. 4

Built new factory in Oyama, Tochigi Prefecture that
subsequently commenced full-scale production ofvarious game machines.

1973. 6

Constructed new factory located in Oyama,
1975. 5
Tochigi Prefecture (Oyama Factory No. 2).
Expanded production to include Pachislot machines
for the entertainment and amusement industry.

Spun off Sales Division.

Universal Giken Co., Ltd.
Changed trade name to
Universal Sales Co., Ltd.

Universal Sales Co., Ltd.
1979. 12

Procured factory in Yonago, Tottori Prefecture andcommenced production of amusement machines.

1993.4 Merged
1998. 4

Spun off Development Division.

Universal Technos Co., Ltd.

Universal Technos Co., Ltd. absorbed Universal Sales Co., Ltd. in merger and changed trade name to ARUZE CORP. Relocated headofﬁce to Ariake, Koto-ku, Tokyo.

ARUZE CORP.
1998. 9Registered shares on over-the-counter market of Japan Securities Dealers Association (JASDAQ).

1999. 8

Built new factory in Yotsukaido, Chiba Prefecture (current Pachislot and Pachinko machine manufacturing site).

2000. 10

Acquired shares of ARUZE USA, Inc. (currently a consolidated subsidiary).
ARUZE USA, Inc. invested in Valvino Lamore, LLC.

2002. 9All capital holdings of Valvino Lamore, LLC were invested in kind to Wynn Resorts, Limited.

2004.12

Listed on JASDAQ Securities Exchange.

2005. 3Wynn Resorts, Limited and its subsidiary obtained license for casino operation in the State of Nevada.
ARUZE was approved as a qualiﬁed shareholder.

2006. 7

Obtained gaming machine manufacturer s license renewable without limitation in the State of Nevada.

2008. 6

Made transition to company with committees.

8

2009.11

Obtained provisional license to operate casino resort in the Philippines.
Changed trade name to Universal Entertainment Corporation.

Universal Entertainment Corporation
2010. 3

Universal Entertainment s casino resort project (Manila Bay Resorts) was designated as a special economic zone.
Foreign capital restrictions on casino businesses in the Philippines were lifted for the project.

4

Listed on Osaka Securities Exchange JASDAQ following the merger of Osaka Securities Exchange and JASDAQ Securities Exchange.

6

Made transition to company with board of auditors.

2012. 1

Manila Bay Resorts Project s groundbreaking ceremony held in Manila.

2013. 7

Listed on Tokyo Stock Exchange JASDAQ (standard) following the integration of Tokyo Stock Exchange and Osaka Securities Exchange.

10

Okada Museum of Art opened at Hakone.

2014. 6

Okada Museum of Art formed sister partnership with Liu Hai Su Art Museum, a national museum of art in China.

2016. 3

Established joint venture ZEEG Co. Ltd with Sammy Corporation.

7

The casino resort project in the Philippines was ofﬁcially named OKADA MANILA.

12

Acquired license to operate casino at OKADA MANILA.
Commenced operation of casino.

2017. 312Completed construction of the world s largest multi-color fountains The Fountain at Okada Manila.
Cove Manila, covered by an enormous glass dome, started operating at Okada Manila.

2018. 12Completed construction of Tower A at Okada Manila.

2019. 7

Started selling the Multi Currency System, an automated foreign exchange system for casino equipment, and the Slot Program
Play System, customer special beneﬁt system created exclusively for casino slot machines.

2021.11

Completed construction of Tower B at Okada Manila.

2022. 4

Moved listing from Tokyo Stock Exchange (TSE) JASDAQ (Standard) market to TSE Standard Market in line with the revision of
TSE s market segments.

Company Overview

As of September 19, 2024

Name

Universal Entertainment Corporation

Head Ofﬁce Address

Ariake Frontier Bldg. A, 3-7-26 Ariake, Koto-ku, Tokyo, 135-0063 Japan

Representatives

Tomohiro Okada, Representative Director & President

Business Commenced

December 2, 1969

Incorporated

December 10, 1979

Paid-Up Capital

98 million yen

Sales Ofﬁces

Hokkaido, Morioka, Sendai, Kita-kanto, Niigata, Saitama, Tokyo, Yokohama,Shizuoka, Nagoya, Kanazawa, Osaka, Kobe, Okayama, Hiroshima, Shikoku,
Fukuoka, Minami-kyushu (18 Ofﬁces)

Factories

Yotsukaido (Chiba), Oyama (Tochigi)

Overseas Subsidiaries

USA (Nevada), Philippines (Manila), Hong Kong

Business Activities

Research, development, manufacturing and sales of Pachislot and Pachinko
machines and peripheral equipments in Japan.
Integrated Resort Business in the Philippines.

Banks

Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., Resona Bank, Limited.,
SBI Shinsei Bank, Limited, The Ashikaga Bank, Ltd.

Notes to Shareholders
Fiscal Year

From January 1 to December 31

Annual General
Shareholders Meeting

Held in March

Record Date

Annual General Shareholders Meeting: December 31

As of Decmber 31, 2023

Dividends: June 30, December 31(May also include days speciﬁed in advance by a public notice, if necessary)

Security Transfer Agent

Sumitomo Mitsui Trust Bank, Limited.
1-4-1, Marunouchi, Chiyoda-ku, Tokyo

Administrative Ofﬁce ofSecurity Transfer Agent

Sumitomo Mitsui Trust Bank, Limited.
Stock Transfer Agency Business Planning Dept.
1-4-1, Marunouchi, Chiyoda-ku, Tokyo

Contact Center andMailing Address

Sumitomo Mitsui Trust Bank, Limited.
Stock Transfer Agency Business Planning Dept.
2-8-4, Izumi, Suginami-ku, Tokyo 168-0063
TEL: 0120 -782-031 (Tall Free in Japan)
URL: https://www.smtb.jp/personal/procedure/agency/【Procedures for Shareholders】
For more information about procedures such as notiﬁcation or inquiries regarding change of address, change of the dividend
payment method or payment transfer account, or purchase/additional purchase requests of odd-lot shares, please contact the
securities company of which you are an account holder.
For shareholders that have not opened an account with the securities company, please inquire with the above Sumitomo Mitsui TrustBank.

Public Notiﬁcation Method

Electronic public notice(Should electronic public notice be unavailable, the relevant notice shall be posted in The Nihon
Keizai Shinbun newspaper)

Stock Exchange Listing

Tokyo Stock Exchange STANDARD