Kinbasha Gaming International, Inc. reported earnings results for the first quarter ended June 30, 2012. The company reported revenues of $23.6 million for the quarter ended June 30, 2012, an increase of $4.5 million compared to $19.1 million in the same period of 2011. The increase in Revenue was primarily a result of increased customer turnout at Kinbasha's various locations, as well as the reopening of a parlor that had been badly damaged in the earthquake and tsunami in 2011. Likewise, the company's net loss for the first quarter ending June 30, 2012 improved to $1.9 million, compared to a net loss of $5.3 million in the same period of 2011. This overall improvement to the bottom-line was primarily attributable to increased sales and improved machine management by Kinbasha's team.

As part of strategic initiatives, Kinbasha's plan is to raise capital to build out and/or acquire additional pachinko parlor stores within the Tokyo Metropolitan Area, and begin to shift the company's strong branding, game machine management systems and proprietary point-of-sale analytical technology to areas where pachinko stores are more profitable.