Sega’s H1 Results Show Revenue & Profits Down Despite Improved Game Sales
https://wccftech.com/sega-h1-2018-19-results/
Much like the first quarter, which you can read about here, the second quarter and – as a result – the first half of the current financial year has been poor for Sega Sammy (TYO:6460). While writing about the first quarter, I predicted that the remainder of the financial year would prove to be strong in at least one area, video games. This is already proving to be the case.
Results show that the six months ending 30th September ¥171 billion of revenue has been brought in, a 12.2% year on year decline from last year’s ¥194.7bn. Operating income has seen an even larger decline, 61.9%, currently showing ¥10.2bn compared to last year’s ¥26.8bn. The shortfall can be attributed to one segment: Pachislot and Pachinko Machines as well as relocation expenses of ¥3.8bn.