Sega Sammy FY Ending March 2016 1st Quarter Results Presentation

Key insights

7 takeaways

01
Group sales for the first quarter fell 41% year-on-year to JPY 52.9 billion, and the operating loss was JPY 9.4 billion.See it on page 3
02
The Pachislot and Pachinko Machines segment's first-quarter sales declined as no new pachislot titles were released.See it on page 4
03
The company forecasts full-year Pachislot and Pachinko Machines sales of JPY 167.0 billion, up 10% year-on-year.See it on page 3
04
Entertainment Contents first-quarter sales rose 5% to JPY 41.8 billion, while its operating loss narrowed to JPY 0.7 billion.See it on page 11
05
Total assets fell to JPY 503.3 billion at the end of June 2015 from JPY 528.6 billion at the end of March 2015.See it on page 7
06
Phoenix Seagaia Resort visitors rose 4% year-on-year in the first quarter, and Resort sales rose 21% to JPY 3.4 billion.See it on page 17
07
Digital Games sales are forecast to rise 58% to JPY 87.0 billion for the full year.See it on page 11

Summary

This is the first-quarter results presentation from Sega Sammy Holdings Inc., dated August 3, 2015, covering the fiscal year ending March 2016 and first-half forecasts. It reports consolidated income statements, segment results for Pachislot and Pachinko Machines, Entertainment Contents, and Resort, along with costs, balance sheet data, market information, and business details.

For the quarter through June 2015, group sales were JPY 52.9 billion, down 41% year-on-year, and the operating loss was JPY 9.4 billion. Full-year sales forecast is JPY 420.0 billion (+15%) with operating income forecast at JPY 25.0 billion. The Pachislot and Pachinko segment recorded sales of JPY 7.6 billion against JPY 47.2 billion in the prior-year quarter, which the company attributes to no new pachislot titles being released. Entertainment Contents sales rose 5% to JPY 41.8 billion in the quarter, while the Resort segment's sales rose 21% to JPY 3.4 billion.

Total assets at the end of June 2015 were JPY 503.3 billion, down from JPY 528.6 billion, and the equity ratio was 59.9%. The company expects the Pachislot and Pachinko segment's full-year sales to rise 10% to JPY 167.0 billion, and expects the Digital Games business to grow.