Sega Sammy forecasts wider losses

First half revenues cut and full year guidance to be reviewed

Sega Sammy Holdings, the parent company for publisher Sega, has revised its financial estimates for its financial first half of the year, with net losses expected to widen from JPY 5 billion (EUR 30.4 million, USD 42.9 million) to JPY 21.5 billion (EUR 130.7 million, USD 184.5 million).

According to a Thomson report the reason for the downturn in expectation is due to "slower-than-expected" sales of Japanese pachinko machines against the backdrop of a "severe business climate."

Revenues have been revised from the original forecast of JPY 310 billion (EUR 1.88 billion, USD 2.67 billion) to JPY 230 billion (EUR 1.40 billion, USD 1.97 billion).

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