Sega Sammy Records 5.7% Increase in Net Income in April-June Period

Sega Sammy Holdings recorded a group-wide 72.7 billion yen (about US$673 million) net income in the April-June 2019 period, representing a 5.7% year-on-year increase. Operating profits reached 3.4 billion yen (about US$31 million) for the quarter, which was a 265% increase over the 2018 figure.

In the companies pachinko and pachislot segment, results were mixed. About 17,000 pachislot machines were sold and 16,000 pachinko machines were sold in the quarter. Overall, the segment saw a financial decline of about 20%. Nevertheless, with a new generation of machines on the way, the company statement noted, “expectations are rising for market revitalization.”

In the resort segment, net income reached almost 2.5 billion yen (about US$23 million), which was a year-on-year 6% increase. The segment recorded an operating loss, however, because “there was an increase in expenses for entering the domestic integrated resort business.” (AGB Nippon)