Sega Sammy Holdings said its normalized net income for the fiscal first quarter ended June 30 came to ¥26.25 per share, a decline of 40.0% from ¥43.73 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.42 billion, a decrease of 39.9% from ¥10.69 billion in the year-earlier period.
The normalized profit margin fell to 7.3% from 11.8% in the year-earlier period.
Total revenue declined year over year to ¥88.37 billion from ¥90.72 billion, and total operating expenses climbed 6.0% on an annual basis to ¥79.06 billion from ¥74.60 billion.
Reported net income declined 57.4% from the prior-year period to ¥5.52 billion, or ¥22.56 per share, from ¥12.95 billion, or ¥52.97 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
