Joystiq

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

Jordan Mallory — Tue, 31 Jul 2012 13:30:00 EST

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 by section, however, Sega Sammy's "Consumer Business" segment didn't fare as well as the company's pachinko/pachislot and amusement center-oriented segments.

The Consumer Business division, the part of the company responsible for console and handheld gaming, posted an operating loss of ¥1.559 billion for the three month period ending on June 30, but that's actually up 59 percent from the ¥3.856 billion loss reported for the same period last year. Consumer Business shipped a total of 1.3 million units during Q1, with more units shipping to Europe (700,000) than to the US, Japan and elsewhere combined (400,000 and 230,000 respectively).

Honestly, we think it'd do wonders for Sega Sammy's bottom line if they'd start selling the convertible horse racing loveseats they make for "StarHorse3 Season Ⅰ A NEW LEGEND BEGINS" (above) on their own, or license out the design to movie theaters.

Sega Sammy sees losses in gaming sector, StarHorse3 sales continue unabated originally appeared on Joystiq on Tue, 31 Jul 2012 13:30:00 EST. Please see our terms for use of feeds.

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

JC Fletcher — Fri, 30 Mar 2012 09:35:00 EST

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 and Europe, to "create a smaller company positioned for sustained profitability." There is currently no word on how many jobs are being cut, or where, to create this smaller company.

The plan also includes a narrowing of Sega's lineup, to focus on franchises that the company expects to sell in the US and Europe, including Sonic, Football Manager, Total War, and Aliens. That refocusing means some games have been canceled, though specific titles were not announced.

Sega's "extraordinary loss" (caused in part by costs from this restructuring) will see the company's expected profits drop from 38 billion yen ($462 million) to 20 billion yen ($243 million,) with sales revenue dipping about a half-billion dollars. The cancellation of these projects and this reform is estimated to have a 7.1 billion yen ($86.5 million) price tag.

Update: After the break, find Sega of America's full statement.

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

Sega canceling games, cutting jobs in US and Europe to restructure [update: SOA statement] originally appeared on Joystiq on Fri, 30 Mar 2012 09:35:00 EST. Please see our terms for use of feeds.

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Sega signs distro deal with Atlus parent company Index Holdings

Ben Gilbert — Fri, 17 Feb 2012 11:00:00 EST

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 across Atlus' various properties distributed under the Sega moniker in Japan.

The deal doesn't apply to digitally distributed titles, and it's unclear if this will affect Atlus' distribution in other parts of the world. It seems that the distribution deal arises from Index Holdings' consistently declining revenues and an inability to support Atlus' growth in its most important market. We've reached out to Atlus for further comment.

Sega signs distro deal with Atlus parent company Index Holdings originally appeared on Joystiq on Fri, 17 Feb 2012 11:00:00 EST. Please see our terms for use of feeds.

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Sega Sammy posts profitable third quarter, Vanquish moves 820K

Ben Gilbert — Fri, 04 Feb 2011 17:00:00 EST

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 billion ($34.3 million) in profit -- both notable increases since the company's last check-in.

Hidden among the many, many financial numbers was news that Platinum Games' fourth effort, Vanquish, had sold 820,000 copies since its release in late October, while Sonic Colors had moved a whopping 1,850,000 by the end of 2010. That's alotta hedgehog! The majority of the company's overall sales took place in Europe (owing to sales of Football Manager 2011), with the US following closely behind and Japan in a distant third.

Sega Sammy posts profitable third quarter, Vanquish moves 820K originally appeared on Joystiq on Fri, 04 Feb 2011 17:00:00 EST. Please see our terms for use of feeds.

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