Sega announced its financial results for the first quarter of the fiscal year, which identifies the period between April and June 2023.
Net sales for the whole company were 108,050 million yen (up 63.4% year-on-year) while operating income was 22,556 million yen (up 712.2% year-on-year). The big increase in profit was actually driven mostly by the pachislot business.
The Entertainment Contents business segment, which includes video games, net sales were 53,846 million(up 2.0% year-on-year), while ordinary income was 4,403 million yen (down 45.9% year-on-year).
Game sales, including the newly-released Etrian Odyssey Origins Collection and Sonic Origins Plus, were below Sega's expectations for both new games and titles released before the quarter. Yet, since some operating expenses were not incurrent, the resulting performance is defined "steady."
The full-year forecast for both sales and income is higher than the results for the previous fiscal year as Sega is expecting the "start full-scale sales of mainstay new titles from 2nd half of the fiscal year." The upcoming releases can be found in the following table.
Do keep in mind that this should not be considered an official confirmation that Like a Dragon: Infinite Wealth and Persona 3 Reload will launch before the end of the fiscal year (March 31). All we know is that they'll release in "early 2024."
If you're interested in comparing the new results with historical data, you can read our previous article, related to the previous fiscal year.
