Today Sega released its financial results for the first half of the fiscal year, which relates to the period ended on September 30, 2019.
Below you can see the results of the company as a while, showing all relevant figures in the black and operating income increasing year-over-year.
On the other hand, net sales saw a small decline compared to the same period last year.
On the other hand, the Entertainment Contents business, which includes games, shows improvement across the board.
The press release includes a summary of the performance of the Entertainment Contents Business.
“In the digital game software field, the profitability is substantially improved due to revenues from offering titles, declined costs by impairment loss on fixed assets in the previous fiscal year, and so on.
In the packaged game software field, the Group sold “Mega Drive Mini” in addition to selling new titles launched in the first quarter and repeat titles. As a result, sales amounted to 11,370 thousand copies (11,180 thousand copies for the same period in the previous fiscal year).”
We also get an update on the expectations of the company for the Entertainment Contents Business across the full fiscal year which ends on March 31, 2020.
“In the digital game software field, the Group will strive to improve the profitability by optimizing the scale of operating titles for mobile devices, and strengthen the operating titles focused on the utilizing IP, which are expected to be more profitable.
In the packaged game software field, the Group will further strengthen IP development for multiple devices in all regions, and the Group plans to launch multiple new mainstay titles including “Mario & Sonic at the lympic Games Tokyo 2020” and “PERSONA 5 ROYAL” in the third quarter of the fiscal year.”
In the presentation, Sega mentions “solid” performance of new games and repeat sales of titles released in previous quarters.
The company also mentions that it needs to observe the performance of Persona 5 Royal, Project Sakura Wars, Yakuza: Like a Dragon, and Mario & Sonic at the Olympic Games Tokyo 2020 before formulating a precise performance prediction for the full fiscal year.
If you’re interested in comparing, you can check out the results related to the previous quarter, disclosed in July.