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GamesIndustry.biz (Free subscription) | 08/03/2009
First quarter financial results from Sega Sammy Holdings have revealed sales amounting JPY 60.4 billion (USD 636 million) for the period; a drop of 19 per cent on last year. The figures result in a net loss of JPY 10.3 billion (USD 108 million), compared with a net loss of JPY 10.5 billion (USD 111 million) for the same period in the previous fiscal year. Of the company's four businesses, its consumer...
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Joystiq (Free subscription) | 08/01/2009
Sega Sammy Holdings, Inc. has released its Q1 2010 financial earnings report, which covers the period from April 1, 2009 through June 30, 2009. The document shows that the company saw a ¥14.139 billion ($150 million) decline in sales over Q1 2009. Specifically, Sega reported first-quarter sales of ¥60.461 billion ($639M) as opposed to ¥74.6 billion ($789M) for the same period in FY 2009....
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Kotaku Australia (Free subscription) | 07/31/2009
It was a tough quarter for Sega’s parent company, Sega Sammy Holdings, as the company announced losses of 10.293 billion yen ($108.85 million USD). It also revealed sales data on recent games The Conduit and Virtua Tennis 2009 . (more…)
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GamesIndustry.biz (Free subscription) | 05/15/2009
SEGA Sammy Holdings has recorded a JPY 22.8 billion (USD 239 million) loss for the financial year ended March 31, 2009, up from losses of JPY 52.4 billion (USD 550 million) the previous year. Sales during that time hit JPY 429 billion (USD 4.5 billion), down 6.5 per cent year-on-year, with videogame sales falling by 13.4 per cent in the same time frame comparison. Full year sales for the videogames...
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Total Video Games (Free subscription) | 05/14/2009
SEGA Sammy Holdings more than halves its losses for fiscal 2009 over last year's figures...
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The Industry Standard (Free subscription) | 02/17/2009
Sega hasn’t had the easiest time lately. Its parent company, Sega Sammy Holdings , is laying off 560 people — 18 percent of its work force — and is closing 110 arcades in Japan. But the company says it has a strategy to distinguish itself as a smaller publisher among the industry’s giants. One of the main pillars of this plan is Mad World , a comic-style black-and-white game...
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Mobile Games & Gaming Blog (Free subscription) | 02/11/2009
Following statements from fellow game developers, SEGA Sammy Holdings has announced that the company will be shrinking in order to survive the ongoing credit crunch which is hitting the industry....
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N-Philes (Free subscription) | 02/10/2009
According to a statement by Sega in an article from Kotaku, Sega is losing money and will shut down some arcades in Japan as well as lay off a large percentage of employees. This comes after an estimated $235 million loss for it financial year in March. Sega Sammy Holdings will begin to close 110 arcade centers in Japan and cut off over one-sixth of their 3,100 employees. And how does this pertain...
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Digital Media Wire (Free subscription) | 02/10/2009
Tokyo - Video game and pachinko machine firm Sega Sammy Holdings has announced plans to cut 560 employees, or over one-sixth of its workforce, as well as close 110 amusement centers and reduce research and development costs by 20%. read more
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The Industry Standard (Free subscription) | 02/10/2009
Sega’s parent company Sega Sammy Holdings is laying off 560 people, or 18 percent of its work force, and closing 110 amusement facilities. The Japanese company, once one of the titans of the video game business, has had operating losses for two years and is now making the cuts so it can return to profits, Kotaku reported . Everybody is rooting for the company that exited the game console business...
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Edge Magazine (Free subscription) | 02/10/2009
Sega Sammy Holdings has announced dramatic measures to alleviate losses, beginning with the closure of 110 amusement facilities, and is actively seeking voluntary redundancies of some 560 staff. “Sega has failed to swiftly respond to sharp changes in the business conditions,”...
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InformedTrades (Free subscription) | 02/10/2009
HONG KONG (MarketWatch) -- Game software and pachinko-machine maker Sega Sammy Holdings said Tuesday earnings in the first three fiscal quarters...
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Market Watch (Free subscription) | 02/10/2009
HONG KONG (MarketWatch) -- Game software and pachinko-machine maker Sega Sammy Holdings said Tuesday earnings in the first three fiscal quarters ending Dec. 31 were a net loss of 10.84 billion yen ($118.74 million), compared to a net loss of 15.77 billion yen a year earlier. Net sales were 309.02 billion yen, down 15% from 342.09 billion yen a year earlier. For the full fiscal year ending March 31...
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InboxGame.com (Free subscription) | 02/10/2009
Sega just reported the company's financial results for the nine months ending in December 2008. And they're not good reading. The company is losing money, and as a result, will be losing staff, too. Across Sega Sammy Holdings as a whole - which includes Sammy's pachinko/pachislot machines, along with Sega's arcade machines and home video games - a downturn in revenue has led to the company revising...
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tech news feeds (Free subscription) | 01/14/2009
There are rumors that Sega Sammy Holdings now owns the rights to Guilty Gear, the flashy fighting franchise from developer Arc System Works. Game site Gamasutra tries to find out if they are true....
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