nintendo_fanboy said: Great list, thanks. Sega seems to be in trouble tough... |
Consolidated net sales were 18.5% below the comparable period at 231.0 billion Yen, and a loss from operations of 4.3 billion Yen was recorded.
The current year’s plans call for many products and services to be released in the second half, and as such original plans did not include large volumes for the interim period. In addition to this, results in the pachinko pachislot segment did not meet expectations. As a combination of these factors, results were recorded as above.
Let us now review segment by segment, starting with the pachinko pachislot business. On the pachislot side, we faced delays in getting approvals and the rental rate rose, while on the pachinko side certain new titles were delayed. Thereby the segment overall experienced reduced sales and profits.
In the prior year period several large titles were introduced and had a significant impact in the amusement machine business. While this half showed relatively less profit, several titles introduced in the last fiscal year continued to sell well.
Amusement facilities posted same store sales that lagged the prior year.
In the consumer business sales into the overseas market exceeded the prior year’s level, but were below plan, and domestic sales fell behind both last year’s results and plans.
Additionally, as we continue to develop a truly global R&D structure, R&D costs have risen year over year.
Extraordinary losses were booked due in the amusement facilities segment and for the withdrawal from a China business by one of our subsidiaries.
“In the entertainment business, there are only heaven and hell, and nothing in between and as soon as our customers bore of our products, we will crash.” Hiroshi Yamauchi
TAG: Like a Yamauchi pimp slap delivered by Il Maelstrom; serving it up with style.