SEGA Q1 Results – Marked Slump of Sales and Profits
https://wccftech.com/sega-q1-results-marked-slump-of-sales-and-profits/
The first quarter for Sega Sammy (TYO:6460) has proven to be a poor one. Their recently published financial results highlight a slump in both sales and profits for the three months ending June 30th.
Specifically, sales have fallen from ¥107.2 billion to ¥68.8bn. This is a 35.8% year-on-year fall, or ¥38.6bn. Income has seen an even more dramatic YOY fall of 94.4%, from ¥16.6bn to just ¥0.9bn. Only one of SEGA’s three segments, Resort, has seen a rise in sales. That very same segment did, however, see loss rather than make any profits. The other two segments, Entertainment Consoles & Pachislot and Pachinko Machines have seen varied results.