TOKYO -- Sega Sammy Holdings, parent of Sega Amusements, reported net profit of ¥33.4 billion ($345 million), an annual growth of 53.3%, for its 2013 fiscal year, ended March 31. Sega Sammy’s operating profit, however, decreased year-over-year by 67.3%, down to ¥19.1 billion ($197 million).
According to Sega observers, a large part of the net profit was through the sales of “investment securities” and transfers of employees’ pension benefits.
Sega Sammy's full-year net sales totaled ¥321.4 billion ($3.3 billion), down almost 19% from the previous fiscal year. Amusement machine sales for the year totaled ¥39.1 billion ($404 million), down 21% from the previous period -- but only ¥6.2 billion ($64 million) of that was generated outside Japan. Amusement center operations generated ¥42.7 billion ($347 million) for the latest fiscal year, down 4.3%. Pachinko machines, the company's biggest business area, had ¥142.2 billion ($1.4 billion) in sales, down 33%. Consumer products sales were ¥83.8 billion ($858 million), slipping 2.1% from 2012's figure. Net sales for Sega Sammy's businesses designated "other" represented ¥13.4 billion ($137 million), and that was the only segment reporting a year-over-year increase, which was 347%.
Click here to see Sega Sammy Holding's consolidated financial statements for its fiscal year, ended March 31, 2013.