Japanese entertainment company Sega Sammy is changing its fiscal forecast for the first half of the year ending September 30. A decrease in revenue but an increase in profits is expected.
The corporation projected revenue for the first half of the fiscal year, ending in March of next year, is down from ¥165bn ($2.15bn) to ¥150bn, a loss of ¥15bn. Sega Sammy cites a harsh market environment and weak new game software title sales overseas as reasoning for the reduced projected revenue.
However, income is expected to increase by 700 per cent, mostly due to efforts to reduce the operating costs of its pachislot and pachinko machines, as well as to increase sales of domestic amusement machines and sales of Sega Sammy-held game centres.
