Sega Sammy Posts 12.2% Net Sales Decline in April-September Period

Sega Sammy Holdings released a report on Thursday showing a 12.2% net sales decline in April-September 2018 as compared to the same period a year earlier, falling to the figure of just over 171 billion yen (about US$1.5 billion). Moreover, its operating income plummeted by 61.9%.

Most of Sega Sammy’s sales decline occurred in the pachinko and pachislot machine segment, which witnessed 33.7% fall to over 58 billion yen (about US$514 million) in net sales.

The resort business, which the firm sees as a big part of its future, was one of the brighter spots. The Phoenix Seagaia Resort in Miyazaki saw in increase in guests, and overall the resort segment recorded an 8.2% increase in net sales to over 5.1 billion yen (about US$45 million). (AGB Nippon)