Sega Sammy (6460) Q1 2026 earnings summary

Executive summary

• Q1 FY2026/3 started above expectations in some segments, but overall sales and profits declined due to fewer new releases and foreign exchange losses.

• Acquisitions of Stakelogic and GAN were completed, with balance sheets consolidated from Q1; income statement impact will begin in Q2.

Financial highlights

• Q1 FY2026/3 sales were ¥81.0B, down from ¥104.7B year-over-year; operating income was -¥0.5B versus ¥19.3B; ordinary income was -¥2.1B versus ¥21.8B; net loss attributable to owners was -¥3.3B versus ¥24.5B.

• Adjusted EBITDA for Q1 was ¥1.4B, down 94.4% year-over-year.

• Net income per share was negative at ¥(15.89), down from ¥113.54 year-over-year.

• Foreign exchange losses of ¥2.9B were recorded in non-operating expenses.

Outlook and guidance

• Full-year FY2026/3 sales forecast is ¥475.0B, with operating income of ¥53.0B and net profit of ¥37.5B; guidance remains unchanged.

• Dividend forecast for FY2026 is ¥55.00 per share, up from ¥52.00 in FY2025.

• Mainstay title launches are planned across Entertainment and Pachislot & Pachinko segments.

• The impact of recent Gaming business acquisitions on FY2026/3 is under review.