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Endymion said:

Sega's consumer division was in the red (operating income) in the late '90s and early '00s.

An example:

Also it shouldn't be amiss the huge special losses Sega had to record in the FY ending March 1998 caused by the accumulated losses in subsidiaries like Sega of America, which were caused by the console business.

In fact old Sega financial reports were "non-consolidated".

The reason Sega left the console business was that the business was hemorraging money like crazy (for the size of a company like Sega) without any hope to become pofitable in the near future.

The SEGA numbers prior 2002 to were based on links @BKK2 found and provided to the previous thread that had data on operating incomes. That thread had an entire discussion on these SEGA numbers, in particular, with the data being refined over time as people found better sources. If you have sources that are more accurate than their sources, feel free to share them and I will happily adjust the numbers accordingly, but until then I'm going to trust my predecessor's numbers.

Last edited by Dulfite - on 16 January 2022