Sega raises income forecasts to £285m

Sega Sammy expects to generate net income of 37.500 million (285 million) in the current financial year.

The company adjusted its forecasts for the year ending March 31, 2011, raising it from its previous target of 22,000 million (167 million).

Sega attributed this to significant improvements in its arcade business – specifically pachislot and pachinko machines. However, no such recovery was seen from its console, handheld and PC titles.

In an official statement, Sega said: While the consumer business saw mainly sales of new titles in overseas markets hover at weak volumes, the amusement machine sales business and amusement center operations business are expected to maintain robust operating results.