Monday, July 15, 2024
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Sega Sammy restructuring European business in move to cut costs

Sega Sammy has announced strict changes to its European business, choosing to cancel the title distribution of certain products in the region.

The Group is also planning to ‘implement reduction of various fixed expenses at several group companies’ within the region, ‘centered on the Creative Assembly Ltd’.

The studio is a gaming studio with over 36 years experience in game creation.

Sega Sammy further notes that it is also aiming to reduce expenses ‘centered on the Creative Assembly Ltd’ and to ‘continue to consider measures to improve profitability in European bases apart from above’.

The news leads the group to announce an expected loss of ‘approximately JPY14.3 billion ($95.8 million) for the fiscal year ending March 31st, 2024’.

Despite the expected loss, there are no changes to the group’s operating results during the period.

The group notes that it continues to launch new IP and that its Pachislot and Pachinko business ‘continues to perform well’.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.



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