Japanese gaming giant Sega Sammy Holdings Inc. has reported record performance in its gaming and hospitality business for the fiscal year ended March 31st, 2025, driven by strong results from its Paradise City casino resort venture in South Korea.
Paradise City, a foreigner-only integrated resort near Incheon International Airport, is operated through a joint venture between Sega Sammy and South Korean operator Paradise Co. Under the partnership, the affiliate Paradise SegaSammy delivered its highest-ever annual sales in both its casino and hotel operations.
Casino sales reached JPY415 billion ($2.8 billion), up 26.5 percent from JPY327.9 billion ($2.2 billion) in the previous fiscal year. The growth was primarily supported by robust demand from Japanese VIP customers.
Hotel sales also hit a record high of JPY102.3 billion ($691 million), a 2 percent increase from JPY100.3 billion ($678 million), attributed to increased domestic tourism, consistently high occupancy rates, and strong average daily room rates.
Overall, Paradise Sega Sammy’s consolidated net profit rose sharply to JPY72.2 billion ($488 million), more than doubling the JPY28 billion ($189 million) reported a year earlier. Gross profit improved to JPY136.3 billion ($921 million).
Sales revenue increased significantly to JPY5.4 billion ($36.5 million), compared to JPY1.9 billion ($12.8 million) in the prior year, marking a turnaround to profitability at the ordinary income level. The company’s adjusted EBITDA also improved, swinging from a loss of JPY0.4 billion ($2.7 million) to a profit of JPY1 billion ($6.8 million).
In its gaming machine business, Sega Sammy sold 1,310 units during the year, more than double the 563 units sold in the previous year. Looking ahead, the company projects unit sales of 1,217 machines for the next 12-month period.
Meanwhile, the number of installed gaming machines also grew significantly to 1,652 units, compared to 755 units the year before. The company forecasts an increase to 2,569 installed units over the coming year.
For the fiscal year ending March 31st, 2026, Sega Sammy expects revenue from its gaming-related businesses to continue expanding, with projected sales reaching JPY6 billion ($40.5 million).
