Sega had better hope the news is better next year…
As expected, Sega reported a record net loss in its past fiscal year ended March 31, hit by a hefty charge from scrapping inventories of its loss-making Dreamcast, Reuters reports.
The company posted a loss of about $421.9 million for the year, compared to last year’s loss of about $349.5 million. Sales dropped 28 percent to about $1.9 billion.
Sega’s poor year marks its fourth loss in a row. However, the company’s CEO Shunichi Nakamura said Sega expect to make a small profit of about $17 million in this fiscal year, thanks in large part to it focusing on software for other platforms.
Maybe there IS a little light at the end of the tunnel as far as Sega’s financial woes go.
Credit: Gamers.com