Sega Sammy Posts Poor 2007 FY Results

Sega Sammy Holdings 2007 financial results show a decrease in operating income to 76.53 billion yen ($636.4 million) compared to 119.15 billion yen ($991.2 million) the previous year. Shares consequently plummeted.

The company also recorded a 34% decrease in net income compared to 2006 due primarily to the underwhelming performance of its slot-machine operations. Net income for the fiscal year ended March 31 stood at 43.5 billion yen ($363 million).

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