Sega revenue up, Nintendo revenue down

Sega's parent company, Sega Sammy Holdings, reported a positive quarter of earnings mostly on account of revenues from its pachinko business. On the video games front (in the Consumer Business unit), sales of Alpha Protocol and Iron Man 2 in North America and Europe disappointed.

Net revenues for the company were at 91.3 billion yen ($1 billion USD), up 51 percent over the 60.5 billion yen earned during the same quarter last year. For the Consumer Business unit, net sales totaled 20.9 billion yen ($241 million USD) with a recorded 636 million yen in operating losses.

Sega said that domestic sales of Alpha Protocol and Iron Man 2 were strong, but that "adverse market conditions" are to blame for slow sales in the U.S. and Europe. In total, Sega sold a little under 3.3 million units worldwide with 1.6 million of those in the U.S., 1.3 million in Europe and 270,000 in Japan.

Meanwhile, Nintendo reported a net loss for the April to June quarter as the strong Japanese yen and weak demand for its products hurt earnings.

The Kyoto-based maker of the Wii game console and the DSi handheld game console said it lost ¥25 billion (US$2.2 billion as of the last day of the period reported) during the quarter, against a ¥42 billion profit a year earlier. Sales fell by a quarter to ¥189 billion.

The sharpest decline was in demand for the Nintendo DS, of which global sales dropped by almost half, to 3.15 million units during the period.

The number of new games launched for the handheld in the quarter dropped by a third in Japan and by a fifth in the Americas, when compared to the year-earlier period, and that led to the weak sales, Nintendo said.

Nintendo left its full-year targets unchanged despite the quarterly loss. The company hopes to realize a profit of ¥200 billion on sales of ¥1.4 trillion. Those targets represent drops of 12 percent and 2 percent on actual results for its fiscal year ending March 31.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesfinancialfinancial resultsgamesSega of America

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

GamePro staff

GamePro
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?