Sega-Sammy Slashes Profits Forecast by 90% for This Fiscal Year
Sega-Sammy Holdings Inc. has announced that it will be adjusting the profit forecast for this fiscal year, ending March 2016. While the company expected a 19,000 million yen profit (~154 million USD), it now expects to earn only 2,000 million yen (~16 million USD). Sega-Sammy Holding’s CEO Hajime Satomi recently apologized to shareholders and investors for the Group’s failure to meet their targets for the third consecutive year. Sega-Sammy’s primary …read more
