Sega has released its Q2 financial report, and while the news isn’t great, it’s an improvement over last year.
GI.biz reports that Sega’s game division is currently operating at a 780 million Yen loss. Overall the games division made 35.7 billion Yen for the year ended September 30th, which is roughly $445m/£276m. While it was an increase of 5.6% over last year’s period, it was offset by a loss of 780 million Yen, which equates to around $9.7m/£6m.
Revenue across the entire Sega brand totalled at 136.6 billion Yen – $1.7b/£1.1b – which is a drop down of 10% on last year’s period. There was, however, a slight profit increase of 2.7% at 3.9 billion Yen – $48m/£30m.
It wasn’t all doom and gloom however, as the loss is a drastic cut from last year’s losses of 6 billion Yen loss. So there is improvement, even if the loss is still significant. Sega has shifted its focus away from software production while it undergoes a widespread internal restructure, and as a result shifted just 2.7 million software units for the half-year.