Sega Sammy predicts wider losses

The parent company of former hardware giant Sega, Sega Sammy Holdings, has said that it expects to post wider first half financial losses that it had previously forecast.

Next-Gen reports that for the half year ending last month Sega Sammy predicts a net loss of YEN 21.5 billion, far higher than its former YEN 5 million prediction. It also now expects revenues to hit YEN 230 billion, down from the former prediction of YEN 310 billion.

The main reason cited for the numbers is ‘slower than expected’ sales of pachinko machines in Japan.