Sega Sammy Holdings returned to profitability in the second quarter as it continues the ongoing restructuring of its US and European business.
In the quarter ended June 30 2012, Sega posted revenues of ¥69.9 billion ($893m / £569m), a 7.1 per cent year-on-year increase. Net profits were ¥2.5 billion ($32m / £20m), versus the ¥2.2 billion loss in the same quarter last year.
Sega's financial report noted "weakened demand" for packaged games due to the economic climate in the US and Europe. The company's only major packaged release was London 2012: The Official Video Game of the Olympic Games. Total packaged sales across all titles for the quarter were 1.34 million - a year-on-year decline.
The Consumer division reported total revenues of ¥15.1 billion ($193m / £123m), down 6.9 per cent from last year. Overall, the division made an operating loss of ¥1.5 billion ($19m / £12m).
Two-day event includes exclusive reveals, trailers and playable games on show floor.
CEO Haruki Satomi said Sega will "take these lessons into account for future initiatives"
Rovio “found it difficult to advance its initially planned business development,” says Sega.
