Sega Posts 964 Million Yen Profit Over Last 6 Months

Posted on by Ryan

sega-logo
image-3361

Sega has released their consolidating operation results for the past 6 months ending on September 30, 2015. The company was able to post a 964 million yet profit. This is excellent news for the company and shareholders as this time last year they had posted a 2.8 billion yen loss. They’ve noted that a lot of the profit had to deal with less expenses on research and development.

Below is a little bit more information from the statements…

During the first half of the fiscal year ending March 31, 2016, the gradual recovery of the overall Japanese economy continued despite a lackluster performance in certain respects, as evidenced by such developments as improvement of both corporate earnings and the labor market due to the effects monetary and fiscal policies. With regard to individual consumption, in general, consumption levels have not fallen owing to steady improvements in both the employment environment and personal incomes. However, attention should be paid to the risk of downward pressure on the Japanese economy, caused by factors such as a downswing in China’s economy and other overseas economies, and fluctuations in financial and capital markets. Thus, a full recovery of the economy will require more time.