A summary of the collection

The market is a Japanese-style bead machine, and customers go to the Japanese-style bead machine and the Japanese-style machine to play the Japanese-style bead machine and the Japanese-style machine. Japanese-style beads are still the largest buyer of Japanese bets, accounting for about 46.9% of the Japanese market by total bets in 2015. As at the last practicable date, Japanese bead machines and Japanese slot machines accounted for about 54.2% and 45.8% of the total number of Japanese beads respectively.

On the last practicable date, there are 18 medium-sized Japanese pearl machines in Kyushu, 2 in Kyushu, 1 in Kyushu and 1 in China.

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Industry summary

According to the data of Yano Economic Research Institute, the total bet of the Japanese pearl industry has been declining since 2005, and the market regulation model expected to be calculated by total betting will further decrease from about 2300 yen in 2015 to 2200 yen in 2020. The main reason is that (I) the custom specification lowers the medium size, and (ii) other forms of communication, such as obsolescence, mutual communication, and other mobile phone services.

The Japanese-style beading machine industry is highly fragmented, which is a good opportunity for those who buy large beads. Large and medium-sized merchants are expected to buy market shares from small traders with less than 10 outlets, and continue to carry out large-scale transactions.

Cymbals

The Japanese-style bead market has continued to wither since 2005, facing other forms of festivals and intense gambling activities. If marketplaces are legalized, fairs may come from fairs and other gaming venues. If the existing or target customers of the collection choose to participate in these activities rather than the collection of Japanese bead machines, the duties and benefits of the collection will be affected.

Valuation

According to the IPO documents, assuming that the global development sale has been completed on October 31, 2016, 50 shares are expected to be issued after the completion of the sale of long-term shares, equivalent to HK $1.19 to HK $1.26 per share. (at the exchange rate of HK $1.00 to 13.5 yen)