Gamecard Joyco Holdings Inc. is a Japanese company which is engaged in the Pachinko prepaid card business.
As of today, the Enterprise Value amounts around –¥392,9Million.
The largest shareholder is Sankyo Co. Ltd. with 14,9%. They are also engaged in the Pachinko business.
One downside to the Pachinko business: The active player number declined by half from 2002 and 2012 and the revenue declined from ¥31 Billion in 1929 to ¥19 Billion in 2012.
One positive aspect of the business though is that the percentage of players under 30 increased from 5% to 9%.
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I am long Gamecard Joyco Holdings Ltd.