Sega Sammy Reports Improved Profits Despite Drop in Revenue - NewsWilliam D'Angelo, posted on 11 May 2013 / 2,666 Views
Sega Sammy has released its financial report for its full fiscal year which ended March 31, 2013. Revenue for the year dropped 18.7 percent to ¥321.4 billion, when compared to the previous fiscal year. Despite the drop in revenue, profits did jump 53.3 percent to ¥33.5 billion.
The consumer business, which is home of the companies video game business, posted revenue of ¥84.7 billion. This is a two percent decrease year-over-year. Operating losses did drop significantly to ¥0.7 billion from ¥15.2 billion.
Retail sales accounted for 54 percent of the total software sales, while digital accounted for 46 percent. Sega expects the same percentage for the current fiscal year.
Two titles for the year did top one million units sold. Sonic & All-Star Racing Transformed sold 1.36 million units and Aliens: Colonial Marines sold 1.31 million units. Also Football Manager 2013 managed to sell 940,000 units and London 2012: The Official Video Game of the Olympic Games sold 680,000 units.
Sega Sammy for its current fiscal year, which ends March 31, 2014, is expected revenue of ¥485 billion and profits of ¥47 billion.