Sega Sammy net sales down 35.8% in latest financial report
Entertainment contents arm suffers least with only 10.5% decline
Sales revenue at Sega Sammy has taken a considerable downward turn, falling 35.8 per cent according to its most recent financial report.
The broad "entertainment contents" sector of the business -- which includes games, toys, and animations -- took a smaller hit, declining 10.5 per cent year-on-year, posting revenue of $404 million.
Operating income in entertainment contents arm also suffered, falling 54.9 per cent compared to the same period last year to $15 million.
Regarding games sales, Sega launched mobile game Kotodaman, which exceeded seven million downloads in the first two months, and soccer management simulation, Pocket Club Manager,
The firm also recorded 5,700,000 units sold of catalogue titles, up from 4,560,000 over the same period last year.
Company-wide net sales for the fiscal quarter ending June 30, were $617 million, down from $962 million during the same period last year.
Operating income fared even worse, falling 94.4 per cent down to $8.4 million for the period, while ordinary income reached similar lows of $6.1 million, amounting to a 95.8 per cent decrease year-on-year.
As a result, net income per share has plummeted 97.1 per cent from $0.44 to $0.013.