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Posts tagged sega-sammy-holdings

Report: Former Index president arrested for fraud

Masami Ochiai, former president and CEO of Atlus parent company Index Corporation, has been arrested by Japanese authorities who claim Ochiai fraudulently boosted Index's financial records prior to its sale to Sega Sammy Holdings last year. News of the arrest comes from Japanese business periodi...

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Sega slashes profit forecasts by 36 percent

Sega announced an adjustment to its earnings forecast for the fiscal year ending March 31, cutting its expected net income by 36.2 percent. The company adjusted its projected net income to be 30 billion yen ($293.5 million), down from its previously-reported amount, 47 billion yen ($459.8 million)....

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Sega Sammy sees losses in gaming sector, StarHorse3 sales continue unabated

Sega Sammy Holdings is a ginormous company; one that, on the whole, is doing pretty well for itself, having ended the first quarter of fiscal 2013 in the black to the tune of ¥2.544 billion -- a massive increase over the ¥2.224 billion loss the company reported last year. When broken down ...

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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 a...

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Sega signs distro deal with Atlus parent company Index Holdings

Index Holdings, parent company of developer and publisher Atlus, is looking to take advantage of Sega's significantly larger distribution network in Japan, announcing intentions to partner with the Japanese publisher for future distribution. The deal kicks off in April 2012 and will see games acros...

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Sega Sammy posts profitable third quarter, Vanquish moves 820K

Sega Sammy's financial results for the nine months ending December 31, 2010 showed marked upswings in overall sales and profit for the company. While the majority of money came through its pachinko and amusement arm, game publishing saw ¥67.4 billion ($826 million) in revenue and ¥2.8 billi...

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