Sega Sammy sees year-end profits soar

Earnings for the year hit US$13.8 billion representing an impressive 421 per cent year-on-year increase.

Japan.- Sega Sammy Holdings enjoyed a strong end to its financial year with sales and profits soaring despite the Covid-19 crisis.

Net sales for the year ending March 31, 2020, reached JPY366.6 billion (US$3.4billion) up 10.5 per cent year on year.

Earnings for the year hit US$13.8 billion representing an impressive 421 per cent year-on-year increase.

Growth came from Sega’s entertainment content division, which houses its video game business.

The company’s Phoenix Seagaia Resort in Japan registered net sales of JPY10.4billion but did not post a profit during the full-year period.

Meanwhile, the pachinko and pachislot machine segment of the business recorded net sales of JPY108.4 billion representing a 6.8 per cent YoY rise.

Operating income for the division was JPY24,9 billion, up 84.8 per cent from the previous year.

Earlier this year, Sega Sammy appointed Scott Winzeler as its new President and Chief Executive.