Sega Sammy profits plunge yet again |
Ó
Sega Sammy Holdings profits have dropped 34 percent as of the end of their fiscal year this March. The game and pinball company which merged last October 2004 apparently lost money due to the drop in interest at pachinko parlors in Japan. This is bad news.While the company did not give an exact breakdown of their quarterly earnings. They announced a profit of only 43.5 billion yen (about US$ 363 million) compared to last years 66.2 billion yen (about US$ 550 million). Their quarterly sales dropped by 4.5 percent. Sega Sammy attributed their loss to the 20% drop in pachinko machine sales in the last fiscal year.
They are already projecting a paltry 35 billion yen (US$ 292 million) profit for the fiscal year through March 2008. As expected due to the financial difficulties, shares of the said company went down by 1.5 percent to 2,895 yen (US$ 24).
This is bad news for Sega Sammy since there has been no word whether a turn-around of their situation is expected. Well, given the market they cater to, anything can happen right?
Contact Us:
The QJ.net Network |
 |
| Site | Feed |
| QJ.NET | RSS |
| Nintendo DS | RSS |
| PlayStation 3 | RSS |
| PSP Updates | RSS |
| Wii | RSS |
| Xbox 360 | RSS |
| MMORPG | RSS |
| Personal Computer Games | RSS |
| iPhone - iPod Touch | RSS |
| QJ.NET Forums | RSS |
Add QJ.NET
User Favorites - December
User Favorites - December
Categories
Archives
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
Comments
You know i'm not surprised because their games have really been crap since they went multiplatform, save Virtua Fighter. I'll dust off my genesis and remember the good old days, or play mvc2 on my dc.
you are wrong about your post: 1. a score of a preview is an absurdity 2.there arent any jak and daxter.(naughty dog produce uncharted now)
Do some research next time Ycerker you fanboy.
Add New Comment