Sega's COVID recovery continues as sales rise 15.6% to $2.5bn
James Batchelor
Editor-in-Chief
Friday 13th May 2022
Sega has released its full-year results, showing a significant increase in sales and profits as the company's non-games business recovers from the impact of the pandemic.
The Japanese publisher reported net sales of ¥320.9 billion ($2.5 billion) for the twelve months ended March 31, 2022 -- up 15.6% when compared to the previous year.
Within this, the Entertainment Contents division (which includes video games) achieved net sales of ¥235.9 billion ($1.8 billion), an increase of 8.3% year-on-year.
There were dramatic increases in two key metrics; operating income rose 392% to ¥32 billion ($248 million), while ordinary income was up a whopping 1,858% to ¥33.3 billion ($258.1 million).
This is due primarily to the recovery of Sega's other businesses, which all sustained losses in the previous financial year. For example, the pachislot and pachinko division went from an ordinary income loss of ¥11.3 billion ($87.6 million) last year to a gain of ¥10.2 billion ($79.1 million).
The company has also been streamlining its business. Earlier this year, Sega fully withdrew from the Japanese arcade scene, bringing a 56-year era to an end.
In terms of its games business, Sega's highlighted the strong performance of new games released in the past year, including Humankind, Yakuza spin-off Lost Judgment, Sonic Colours: Ultimate, Super Mario Ball: Banana Mania, Shin Megami Tensei V, Football Manager 2022 and Total War: Warhammer 3.
Looking forward, Sega expects a dramatic increase in game sales over the next financial year.
The seven FY2022 releases mentioned above shipped sold around six million units combined. Sega expects its FY2023 line-up of 13 titles to sell more than 13 million units.
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