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Universal Entertainment posts mixed Q3 results amid Manila slowdown

Amusement equipment sales offset weaker integrated resort earnings at Okada Manila.

3 min read
Universal Entertainment posts mixed Q3 r
Key Points
Group net sales rose 0.2% to JP$92.6bn (US$610m) in the first nine months of FY2025
Amusement Equipment segment saw 35% growth, while Okada Manila posted a revenue decline
Net loss narrowed to JP$10.6bn

Universal Entertainment Corporation Q3 results display a modest increase in consolidated revenue for the first nine months of fiscal year 2025, supported by strong sales in its Amusement Equipment Business despite a decline in integrated resort operations at Okada Manila.

The company recorded net sales of JP$92.6bn, up 0.2% year-on-year for the first three quarters of 2025, while operating results swung to a JP$280m loss. Ordinary loss also widened to JP$17.1bn over the same period, mainly due to foreign exchange losses, and net loss attributable to owners of parent narrowed to JP$10.6bn.

In the Amusement Equipment Business, however, revenue rose 34.6% to JP$41.4bn and operating profit nearly doubled to JP$7.8bn. The company credited this growth to the expanding adoption of "smart" Pachislot and Pachinko machines, particularly titles such as OKIDOKI! GORGEOUS and SMART PACHISLOT Magia Record.

Conversely, the Integrated Resort Business posted a 16.9% decline in sales to JP$50.6bn and an operating loss of JP$3bn, reflecting softer demand at Okada Manila. Management attributed the downturn to weaker VIP and mass market play, fewer overseas visitors, and adverse weather conditions. Adjusted segment EBITDA fell 31.7% to JP$9.9bn.

The resort later won multiple awards for hospitality excellence, including Best Meetings & Conventions Hotel - Philippines at the TTG Travel Awards.

Universal said it continues to focus on market recovery in Manila and product innovation in Japan. The company expects steady demand for new Pachislot and Pachinko models in the final quarter, supported by upcoming releases.

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Okada Manila was named Best Poker Room in an Integrated Resort in Q3 2025

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