Sega’s 2018-19 Financials Show Revenue on the Rise, But Profits Still Slumping

A bit of good news, but still not where Sega wants to be.

Posted By | On 30th, Apr. 2019 Under News

While the big three hardware manufactures had their fiscal reports last week, some Japanese third parties also held theirs, including Sega, one of the biggest third party Japanese game publishers. While there’s been a flood of seemingly positive news with more Persona 5 games than you could ever need (Sega owns Atlus, the publisher of that series), overall the financials weren’t too great for Sega. While the last quarter of the financial year showed a rise in overall revenue, the profits are still on the decline.

The company did see an increase in actual game sales during the quarter, while the rest of the year saw game revenue down, generating ¥331.6 billion in sales. But that was a year on year rise of only ¥8 billion. Part of that was attributed to several delays. Twelve games were actually planned for release in the year, but only eight managed to make their dates. Sega also highlighted upcoming titles the company hopes will help to turn things around, such as Total War: Three Kingdoms, Team Sonic Racing, and potentially a new entry in the Yakuza series.

The rosiest news in the report actually came from outside gaming, with the company’s Pachislot and Pachinko division seeing increase in sales and operating avenue. For a full breakdown on the report, you can head on over here.

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