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Home News Sega Reporting "An Extraordinary Loss" Of 7.1 Billion Yen

GAMING NEWS

Sega Reporting "An Extraordinary Loss" Of 7.1 Billion Yen

Posted on Friday, March 30 @ 07:12:46 Eastern by


Sega has reported to its shareholders that they will be expecting "an extraordinary loss totaling around 7.1 billion yen" for the fiscal year ending March 2012.

The reason for this loss, the company cites, is due to the "severe economic environment in the U.S. and Europe and rapid change in market environment of home video game software", in addition to the flooding in Thailand causing the reduction and delay of Pachinko machine orders.

Accordingly, Sega is restructuring and reforming their future lineup of titles in order to recover for the next period. This structural reform will itself cost them 4.9 billion yen. Sega plans to "streamline organizations" that will "create a smaller company positionsed for sustained profitability", and it will focus on strong IPs, "such as Sonic the Hedgehog, Football Manager, Total War, and Aliens". Several game software titles will also be cancelled.

Taken at face value, this doesn't bode well for the Yakuza series or for Platinum Games, as critically well-received as they are. If I were in Sega's shoes, I wouldn't have put so much money into new IPs, like Rise of Nightmares or Binary Domain, unless I was confident in their quality. Innovation and execution is what they, and many Japanese developers, really need.
Tags:   Sega


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Comments
  • thedarkstar
    thedarkstar
    Joined: Feb 2011
    Posted: Mar 30th, 2012 at 7:51 am
    They need to release more of the best Dreamcast games on PSN / XBLA. Also, make some new games for this generation from those older franchises. I don't know about all of you, but a new Crazy Taxi, in HD, would be a day 1 purchase for me. Same goes for a new Shenmue.

    Speaking of that, they should just release smaller Shenmue games as PSN / XBLA titles instead of a full blown retail release. I know I would purchase Shenmue 3, episode 1. Whose with me?
    0 1
  • Jobin_Wendy
    Jobin_Wendy
    Joined: Mar 2012
    Posted: Mar 30th, 2012 at 8:10 am
    Any Shenmue is good Shenmue.
    0 1
  • sandineyes
    sandineyes
    Joined: May 2008
    Posted: Mar 30th, 2012 at 8:31 am
    Ah, Football Manager. Never played the games, but they are consistantly among the most popular games being played on Steam.
    Well, as long as the Total War series is ok, I can't complain, except about how the total war series are always expensive, charge 40 bucks for relatively minor expansions, try to penny and nickel you out of an extra 50 bucks for a few units and factions (that are already in the game), and provide preorder exclusives such as factions (that are already in the ****ing game!) that you can never unlock by any other means.
    0 0
  • Jonathan_Leack
    Jonathan_Leack
    Joined: Jan 2012
    Posted: Mar 30th, 2012 at 8:40 am
    I truthfully wonder what went wrong. Are development costs too high?
    0 0
  • MarkyBee
    MarkyBee
    Joined: Mar 2007
    Posted: Mar 30th, 2012 at 9:14 am
    Sega desperately need a new IP to push, instead of more Sonic the Hedgehog games!
    0 1
  • StringerBell86
    StringerBell86
    Joined: Mar 2012
    Posted: Mar 30th, 2012 at 1:05 pm
    They NEED to at least do an HD release of Shenmue I and II. With games like Heavy Rain and L.A. Noir getting popular buzz, I think NOW is the time the Shenmue series will be well received. And this, hopefully, will result in some work being done on Shenmue 3 (which has a considerable fan base eagerly awaiting a continuation or conclusion to the story).

    People forget how ahead of its time that game was in style and scope. Time to give it a reboot!
    0 0
  • StringerBell86
    StringerBell86
    Joined: Mar 2012
    Posted: Mar 30th, 2012 at 1:27 pm
    They NEED to at least do an HD release of Shenmue I and II. With games like Heavy Rain and L.A. Noir getting popular buzz, I think NOW is the time the Shenmue series will be well received. And this, hopefully, will result in some work being done on Shenmue 3 (which has a considerable fan base eagerly awaiting a continuation or conclusion to the story).

    People forget how ahead of its time that game was in style and scope. Time to give it a reboot!
    0 0

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