Sega Reports Good Start to Fiscal Year

Sega, the iconic game publishing company, has reported their financial results and it shows a promising and positive start to their fiscal year.

Some Takeaways (h/t GamesIndustry.biz):

• Net sales: ¥66.1 billion ($496 million), up 11.2% year-on-year
• Profit: ¥3.16 billion ($23.5 million), up 7.5% year-on-year
• Entertainment Contents division sales: ¥52.8 million ($396 million), up 11% year-on-year
• Entertainment Contents segment income: ¥8.14 billion ($60.3 million), down 5% year-over-year
• Sega forecast overall revenues of  $2.8 billion, indicating a 16% increase
• Sega predicated profit of $208 million, down 24% year-to-year

Sega did express concern regarding potential hikes in development costs and extended development timeframes “associated with the impact of growing inflation and increasing human resource mobility.”