May 14, 2021
Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly released its financial results for the twelve months to the end of March showing that its net profit had declined by 90.7% year-on-year to approximately $11.6 million.
According to a report from Inside Asian Gaming, the year-end figures included a fall of 24.2% year-on-year in net sales to about $2.54 billion alongside a drop of 76.3% in associated operating income to slightly above $59.8 million. The source detailed that these financials come a little over six months after the Tokyo-listed firm inked a deal to offload an 85.1% stake in its land-based arcades operating arm to local entity Global Entertainment Network for Dreams and Aspirations (GENDA).