Today Sega announced its financial results for the first nine months of the fiscal year related to the period between April and December 2022.
According to the press release, net sales were 271,979 million yen, up 14.9% year-on-year. Operating income was 38,222 million yen, up 17.0% year-on-year.
Speaking of the Entertainment contents Segment of the business, which includes video games, net sales were 210,451 million yen, up 18.3% year-on-year. Ordinary income was 41,581 million yen, up 12.8% year-on-year.
We hear that both Sonic Frontiers and the multiplatform release of Persona 5 Royal enjoyed a strong performance shipping respectively 2.9 million and 1.3 million units worldwide as of Decembe 31, 2022. Unfortunately, sales of catalog titles (released in previous fiscal years) were "sluggish."
Sega increased its forecast for the full fiscal year by 6,500 million yen in sales and 6,000 million yen in ordinary income. The entertainment content business' forecast was increased by 3,000 million yen in sales and 1,000 million yen in operating income.
That being said, the net sales forecast for consumer titles (for consoles/pc) was decreased by 4,000 million yen, while the ordinary income forecast was left untouched. The overall increase for the segment was mostly due to the Amusement Machine business, which focuses mostly on UFO catchers for arcades and their prizes.
Speaking of console games, Sega is launching "multiple mainstay titles" during the last quarter of the fiscal year (Q4) between January and March. These include Persona 3 Portable, Persona 4 Golden, Like a Dragon: Ishin!, and Company of Heroes 3.