Posting results for the first quarter of the financial year at the close of the Tokyo Stock Exchange today, SEGA Sammy Holdings announced a net income of 10.7 million yen between April and June. The impressive haul equates to $986.6 million - that’s a whopping £554.5 million.
Shares in the company rose 1.1%, already having risen 27% this year. The company attributed its success to the sale of a huge 1.86 million units of SEGA software, and also of course to fact that it has shifted 153,000 pachinko machines, the ball bearing-based gambling games that are so popular in Japan.
Singled out for special praise was month-old GBA title The King of Beetle Mushiking: Greatest Champion. Based on a 2001 arcade game, this Pokémon-alike has players pitching their prize beetles against one another, and is ultimately derived from the childhood pursuit of getting captured bugs to fight each other. The game’s success is no doubt linked to the fact that, like Pokémon, it is accompanied by its own card game and anime series. The storyline follows Popo the elf and his friend Mushiking ('King of Beetles'), whose peaceful forest life is threatened by beetles from other countries, introduced by meddling men (yes, there's a lesson too!).
Despite the fact that they’re no longer a completely autonomous force, it has to be a good thing that SEGA now finds itself in such a secure position. Remember, it wasn’t so long ago that it looked as if the legendary hard and software house might disappear altogether.