SEGA’s fiscal year closes with net losses of 6.6 billion

SEGA has games in PCSteam Deck, PS4PS5, Xbox, Switch and mobiles with Android and iOSbut the developer and editor has losses net worth 6.6 billion yen.

The company’s operating profit for the past fiscal year (April 1, 2023, to May 31, 2024) fell by 86.7%, closing at a loss of more than $41 million.

This is what Automaton says thanks to a report published in Gamebiz, as the losses are significant because SEGA had a net profit of 11.488 billion yen the previous year.

The company closed the year with sales of 18.655 billion yen, down 2.6% from the previous year, and ordinary profit of 7.438 billion yen, down 56.8%.

This means that the aforementioned media speaks of final losses of 6,650 million yen, although the spectrum within all this It does not mean that SEGA has had a bad time this fiscal year.

The company’s performance has been quite good and its releases have met expectations, as they have not stopped releasing big sales hits.

Let us remember that The Man Who Erased His Name, Infinite Wealth, Sonic Superstars -along with PSO 2: New Genesis– among the games released during the current fiscal year mentioned.

These did manage to boost SEGA’s sales during this period and therefore there was only a 2.6% decline, although its operating profit fell sharply due to the recent European restructuring.

Let’s remember that SEGA sold Relic Entertainment and made around 240 layoffs between Creative Assembly, Sega HARDlight and Sega Europesomething that is also taken into account.

SEGA posts net losses of 6.6 billion yen

But as you remember from Automaton, this is not the worst. SEGA published a loss figure of 12,955 million yen related to the content of discontinued games.

Furthermore, we should not forget the cancellation of Hyenas as “Sega’s biggest budget game” and which resulted in layoffs from Creative Assembly.

Maybe SEGA has a net loss of 6.6 billion yenbut the company has many other projects and IP that continue to enjoy good sales health.