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Posts tagged financial

Sega canceling games, cutting jobs in US and Europe to restructure [update: SOA statement]

Sega's forecasts for the fiscal year ending March 31 have been adjusted down -- expected net income is down 47.4% -- and Sega Sammy's board of directors have enacted a drastic plan to reduce operating costs in the future. Sadly, this plan involves the "streamlining" of Sega's operations in the US...

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Gamestop sees 'modest increase' to 'all-time high' sales of $9.55B in fiscal 2011

GameStop's total global sales reached $9.55 billion for the fiscal year (ending January 28, 2012), a "modest increase" from the same period last year, in which the company reported "all-time high" revenues of $9.47 billion. Due to some adjustments, GameStop added a mere $339.9 million to the...

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Study: Just over half of Japanese developers turn a profit

The last couple of years have been tough on Japanese game developers, according to a recently released study (PDF). The study, compiled by one Mirko Ernkvist, used consolidated financial data and revealed that just over half of Japanese developers actually manage to turn a profit. Specifically, in...

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European retailer Game puts a plaster over its money wound

Earlier this week Game met with lenders to discuss its credit problems and options for staying in business, and now Game reports it will operate "with lower limits" and under "revised terms for its facilities." As of November 2011, Game had 1,275 stores in Europe and Australia, but has hinted that...

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THQ no longer manufacturing uDraw hardware

THQ will no longer manufacture uDraw hardware, according to its fiscal 2012 third quarter financial report. "Sales of the uDraw GameTablet and related software, and other titles in the kids, family and casual category were far weaker than anticipated, substantially reducing our financial results...

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Nintendo enhances expected loss; 15 million 3DS units sold since launch

Nintendo has once again revised its expected loss for the fiscal year ending in March, widening its forecasted financial misfortune from ¥20 billion ($258M) to ¥65 billion ($839M). The increased loss comes a quarter after Nintendo switched its forecast from a ¥20 billion profit to loss....

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Deus Ex: Human Revolution sales show who will dominate in the cyborg future

Square Enix's revolution was successful, so grab your metal limbs and augmented-reality eye implants -- Deus Ex: Human Revolution sold 2.18 million copies across all platforms, Square's bi-annual fiscal report says. Just 800,000 of that total was sold in the U.S., while Human Revolution sold 1.38...

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Deus Ex boosts Square Enix's half-year forecast [update: official results posted]

Square Enix issued a change to its most recent six-month forecast of earnings, now that it's had the benefit of actually experiencing those six months (April-September 2011). That has a tendency to make predictions a bit more accurate. The revision is a slight increase in net sales, from...

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EA suffers Q2 loss, revenue propped up by FIFA and Madden

EA's net performance during its second fiscal quarter, ended September 30, 2011, was either good or bad, depending on which net you're referring to. EA reported a net loss of $340 million, but scored a significant goal in shipping "nearly" 8 million copies of FIFA 12 -- half of the 16 million...

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Namco increases financial forecast thanks to Tales of Xillia

Andriasang reports that Namco Bandai has raised its earnings forecast (PDF) for the first six months of the year. Sales, previously pegged at ¥178 billion ($2.3 billion), are now expected to reach ¥194 billion ($2.5 billion); meanwhile, operating income (i.e. profit) projections have...

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