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Sega financial outlook improves

Japanese publisher Sega has revised its financial forecasts for the first half of the current financial year and for the year as a whole, citing improved sales of both arcade and home console products as reasons.

Japanese publisher Sega has revised its financial forecasts for the first half of the current financial year and for the year as a whole, citing improved sales of both arcade and home console products as reasons.

The company now expects to post a net profit of 5.7 billion Yen for the first half, which ended on September 30, up massively from its initial estimate of 200 million Yen, thanks in part to half-year sales which rose to 94.2 billion Yen from 88 billion Yen.

For the full financial year, which draws to a close at the end of March next year, Sega is now hoping to realise a net profit of some 8 billion Yen, with overall sales for the year of 195.7 billion Yen - making the company into one of the largest independent game publishers in the world, and putting it into the exclusive club of publishers which have turnover of over $1 billion. Out of all the game publishers in the west, only Electronic Arts and Take-Two Interactive have achieved this.

Sega's improved fortunes are attributed at least partially to the continuing success of Sonic Adventure DX and Virtua Fighter 4 Evolution on home consoles, while the arcade division has also realised better than expected sales of Key of Avalon.

Author
Rob Fahey avatar

Rob Fahey

Contributing Editor

Rob Fahey is a former editor of GamesIndustry.biz who spent several years living in Japan and probably still has a mint condition Dreamcast Samba de Amigo set.