Sega Sammy Expects Wider Losses

via Next Generation

For the fiscal first-half to September, Tokyo-based Sega Sammy forecasts it will post a net loss of 21.5 billion yen, as opposed to its previous estimate of a 5 billion yen loss, reports Thompson Financial.

Sega Sammy also lowered its revenue forecast from 310 billion yen to 230 billion yen citing “slower-than-expected sales” of Japanese pachinko machines.

A first-half operating loss of 7.0 billion yen is also forecast while full-year guidance is being reviewed on the back of “a severe business climate.”