Sega-Sammy Profits $189m in the Nine Months Ending December 2009
by Jacob Mazel, posted on 06 February 2010 / 1,408 Views
For the nine months ending December 2009, Sega-Sammy attained a net income of 16.945b Yen - $189.1 million. In the nine months ending December 2008, the company had a net income of -10.84b Yen, a loss of about $120 million. For the year ending March 2010, Sega expects Net Income to total 15.0b Yen, suggesting a loss is coming for Jan-March 2010. The increase in profits over the previous nine period came even though revenues actually decreased from 309 billion Yen in April to December 2008 to 285.3 billion Yen in April to December 2009.
Part of the reason for the reversal in fortunes is Sega-Sammy's hit Mario & Sonic at the Winter Olympic Games. The original Mario & Sonic game for Wii and DS which released in 2007 has topped 12m units worldwide. Not surprisingly, the sequel which released in fall of 2009 has shipments of 5.67m units between Wii and DS alread through December 2009. Shipments for Bayonetta on PS3 and X360 reached 1.1m units worldwide through December as well (meaning the game arrived at retailers before it went on sale). Football Manager 2010 for PSP and PC totalled 740,000 units in the west, while Phantasy Star Portable 2 shipments reached 540,000 units in Japan.
During the October-December 2009 quarter, Sega-Sammy had the following software volumes by platform.
Catalogue - 5.21m
Wii - 4.65m
DS - 3.13m
PS3 - 1.12m
PSP - 1.07m
PC - 0.73m
PS2 - 0.00m
Total - 16.73m
Going by the reported total software shipments for Nintendo and Sony machines over Oct-Dec 2009, during the quarter Sega games were 7% of all PSP games shipped (1.07m/15m), 6% of all Wii and DS games shipped (4.65m/80.5m Wii games and 3.13m/50.22m DS games), 2% of all PS3 games shipped (1.12m/47.6m) and perhaps 2% of all X360 games shipped (0.79m / ~45m?).
For the year ending March 2010, seen in the first column, Sega intends to ship the following number of games. The second column shows the total volume of software shipped in the previous fiscal year.
March 2010 FYE March 2009 FY
Wii - 7.30m 3.92m
Catalogue - 6.64m 11.92m
PS3 - 4.63m 3.13m
DS - 4.61m 3.17m
X360 - 3.46m 2.12m
PC - 1.77m 1.98m
PSP - 1.26m 1.42m
PS2 - 0.00m 1.78m
Total - 29.70m 29.47m
Compared to the previous fiscal year, Sega has seen dramatic collapses in PS2 and catalogue software volumes, but the company believes its increased emphasis on DS, Wii, PS3, and X360 will be able to offset those declines. For the year ending March 2010, Sega expects to see 40% of its software shipped for Wii and DS, up from 24% for the year ending March 2009. The portion of software for X360 has also increased, from 7.2% in the March 2009 year to 11.6% in the March 2010 year. Sega's reliance on Sony systems is expected to drop from 21.5% to 19.8% in the current fiscal year as PS3 rises are offset by PS2 and PSP drops.
Contact Vgchartz at jmazel@vgchartz.com
