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Both Sales And Losses Decline At Sega

Sega Sammy has released its financial report for the first quarter ended July 31, revealing mixed results with a decline in sales but also a decline in losses.

The company's net sales hit 60.4 billion yen for the quarter, down by 19 per cent from 74.6 billion year-on-year. However, operating losses improved from 10.2 billion yen in 2008's comparable quarter to a loss of only 7.8 billion yen in 2009. Net losses decreased to 10.2 billion yen during the quarter, down from 10.5 billion yen year-on-year.

Sega's consumer business division – its videogames arm – saw sales plummet to 18 billion yen during the three month period, down from 30.5 billion the previous year. Likewise, operating income declined from a loss of 4.1 billion yen for the quarter in 2008 to 4.5 billion yen in 2009.

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