SEGA-SAMMY Confirms Continued Growth News
Jon Wilcox
17/05/2006
Year on year increases across the board announced; growth expected in 2006...
SEGA SAMMY Holdings has today announced its financial details for the 2005 fiscal year, which ended on March 31st 2006. In the statement the company confirmed net sales of ¥553.2 billion (£2.65 billion) up 7.3% on last year's ¥515.7 billion (£2.47 billion). Operating income also increased on the year from ¥105.1 billion (£503.0 million) to ¥119.1 billion (£570.2 million), whilst net income stood at ¥66.2 billion (£317.0 million) up from ¥50.6 billion (£242.1 million) the year before.
Looking to the year ahead, which is set to end on March 31st 2007, SEGA SAMMY forecasts continued growth with net sales of ¥682.0 billion (£3.26 billion), operating income of ¥124.0 billion (£593.5 million), and net income of ¥75.0 billion (£359.0 million).
Wading deeper into the figures, SEGA Corporation's Consumer Business, which includes the likes of Sega Europe, SEGA of America, and The Creative Assembly, has turned around last year's figures. During the previous year this sector of the business experienced an operating loss of ¥8.81 billion (£42.2 million), whilst the company has confirmed an operating income of ¥1.97 billion (£9.4 million) in this year's figures.
Whilst a solid achievement for the company it's dwarfed by the financial figures from Sammy's Pachinko sector, which saw a net income of ¥99.85 billion (£478.0 million).
We'll have more on SEGA shortly...