Sega financial rollercoaster continues
Some good news and some bad news. We're sure it will all work out fine
Sega of Japan has released a board declaration relating to the company’s financials for the year to the Japanese press that makes some interesting reading.
Following a notably turbulent time on the stock exchange the company has re-assessed its earning for the year, putting the company straight back in the red. Sega has announced that it has made a group net loss of some $122.4 million this year, mostly due to its rocket/plummet stock valuations. Corporate losses of $194 million have been posted this month due to another share spike that saw Sega enter a higher Japanese tax bracket. Ouch!
Sega’s board did point out that the company is about to announce its best pre-tax profits for almost ten years thanks to increased sales and reducing operating and manufacturing costs. Read Dreamcast.
Following a notably turbulent time on the stock exchange the company has re-assessed its earning for the year, putting the company straight back in the red. Sega has announced that it has made a group net loss of some $122.4 million this year, mostly due to its rocket/plummet stock valuations. Corporate losses of $194 million have been posted this month due to another share spike that saw Sega enter a higher Japanese tax bracket. Ouch!
Sega’s board did point out that the company is about to announce its best pre-tax profits for almost ten years thanks to increased sales and reducing operating and manufacturing costs. Read Dreamcast.
Companies:
SEGA
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