Kinbasha Gaming International, Inc. announced financial results for the year ended March 31, 2013. For the period, the company's net revenues increased to $93.9 million in fiscal 2013, compared to $91.2 million in fiscal 2012. Net income improved to $11.6 million in fiscal 2013, compared to a net loss of $6.1 million in fiscal 2012.

Fully diluted earnings per share (EPS) improved to $0.95 in fiscal 2013, compared to a loss of per share of $0.82 in fiscal 2012. Net revenues increased due to an improvement in gaming revenues, which increased to $90.6 million in fiscal 2013 from $84.6 million in fiscal 2012. The improvement to net income is generally attributed to enhanced market conditions, an increase in total wagers due to the reopening of a pachinko parlor that had been closed due to earthquake damage, a $5.2 million gain on forgiveness of debt, and a non-recurring $3.0 million gain resulting from a change in the Company's policy for employment termination benefits.