Sega Q1 2019/20 Results – Strong Start Thanks to Game Releases

Sega Q1 2019/20 Results – Strong Start Thanks to Game Releases

5 years ago
Anonymous $9jpehmcKty

https://wccftech.com/sega-q1-2019-20-results/

Last year little could be said for Sega Sammy (TYO:6464) other than it was in a slump. From the very first quarter to the results at the end of the year, there were issues. There is no doubt that revenues did finally raise towards the ends of the year, but the profits were still down. Fortunately, the current financial year has gotten off to a good start and both revenues and profits have increased year-on-year.

As seen in the quarterly presentation and results appendix, revenues have come in at ¥72.7 Billion – a slight rise on last year’s ¥68.8bn – but profits have increased significantly from last year’s low figure of ¥0.9bn to ¥3.4bn now. As one could reasonably expect, the driving force of this has been within the entertainment section, covering traditional video games as well as amusement centres and machines.

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