SEGA assured that the changes they made would help the company and it doesn’t seem they are lying. SEGA has reported increased profits for the first quarter of the current fiscal year. Sadly the consumer business is still reporting losses, however SEGA has really reduced the losses year-over-year. Sadly the losses are contributed to the lack of demand for home video games in the U.S. and Europe.
SEGA only shifted 1.34 million units this quarter, which is down 42.5 perfect compared to 2.33 million year-over-year. SEGA has also stated that their free-to-play game Kingdom Conquest has been downloaded over 3 million times. No idea how many people opted for buying upgrades and other pay-to-use items.
SEGA’s Pachinko and amusement machine businesses saw an increase in sales and profits. These increased sales helped SEGA recoup what they lost in the consumer business. For this quarter (ending June 30th) SEGA’s consumer business posted revenue of $192.9 million, a decrease of 6.9% year-over-year. This will mean that they had operating losses of up to $19.9 million, which is lower than their operating loss of $49.3 million last year.
As for the whole company, they saw a revenue of $894.2 million, up 7.1% compared to $834.8 million year-over-year. They profited $32.5 million when all is said and done, which is great compared to the same quarter last year when they lost 28.4 million. So here is to the future.