Sega raises forecasts after strong game sales in holiday quarter
James Batchelor
Editor-in-Chief
Thursday 10th February 2022
Sega
SEGA Sammy Holdings
Sega Sammy is optimistic as it approaches the end of its financial year, raising full-year forecasts following strong game sales and the recovery of other segments in its most recent quarter.
The company released its results for the nine months ended December 31, including overall sales of ¥236.8 billion ($2 billion), up 12.6% year-on-year.
Both operating and ordinary income more than doubled during that time; operating rose 141.5% to ¥32.6 billion ($281.6 million), while ordinary was up 165.6% to ¥33.4 billion ($288.5 million).
Profit attributable to owners of parent was reported as ¥29.5 billion ($254.8 million). For the same period last year, it was a loss of ¥6.2 billion ($53.5 million)
Looking specifically at Entertainment Contents, which handles Sega's video games business, the publisher specifically cited strong performances from Shin Megami Tensei V, Football Manager and Super Monkey Ball: Banana Mania -- all of which were released in Q3 (three months ended December 31).
This quarter saw sales of new games reaching ¥13.1 billion ($113.1 million), with back catalogue titles contributing ¥6.5 billion ($56.1 million).
This was roughly on par with the previous quarter (three months ended September 30, 2021). New game sales were recorded at ¥13 billion ($112.3 million), with sales of back catalogue at ¥6.7 billion ($57.9 million).
For the nine-month reported, Entertainment Contents' overall sales were up 6.1% to ¥177.9 billion ($1.5 billion). Ordinary income was reported as ¥36.8 billion ($317.8 mllion).
Other segments at Sega Sammy -- including its pachislot/pachinko and resort businesses -- also improved, due in part to lulls in COVID-19
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