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SEGA Financials Report Dramatic Decrease in Sales

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SEGA's most recent financial earnings report was not a wholly positive one.

Reporting a decrease of 42 percent in net sales, the publisher reports sales earnings of ¥52.9 billion ($426 million), operating losses of ¥9.5 billion ($76 million), and net losses of ¥7.9 billion ($63.8 million).

SEGA representatives largely attribute the decrease in sales figures to global economies, with additional issues arising from the reported decrease in demand for game software, amusement centers, and amusement machines in Japan.

"The economy still remained in the condition requiring further time for full recovery due to uncertainty towards a downswing in overseas economies arising from factors such as the slowdown of growth in the economies of emerging countries and European debt crisis," SEGA said.

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