Sega Sammy (6460) Q3 2025 earnings summary

Executive summary

• Consolidated sales for Q3 FY2025/3 were ¥322.3B, down 8.1% YoY, with operating income at ¥43.7B, and profit attributable to owners of parent rising 17.3% YoY to ¥41.7B, driven by extraordinary income and strong Entertainment performance.

• Comprehensive income increased to ¥44.6B, up from ¥40.4B in the prior year.

• Entertainment Contents segment saw strong growth, while Pachislot & Pachinko declined due to a tough comparison with a prior-year hit title.

• Upward revision of full-year forecasts, with sales now expected at ¥425.0B and ordinary income at ¥51.5B.

Financial highlights

• Q3 sales: ¥322.3B (down from ¥350.5B YoY); operating income: ¥43.7B; ordinary income: ¥49.4B.

• Adjusted EBITDA for Q3: ¥54.5B; ROE forecasted at 9.6%.

• Extraordinary income of ¥9.1B (mainly from gain on sales of subsidiaries), offset by extraordinary losses of ¥7.4B (mainly from business restructuring and impairment losses).

• Equity ratio improved to 59.3% as of Dec. 2024.

• Net cash position at ¥47.5B, down from ¥62.8B at March 2024, mainly due to share buybacks and investment activities.

Outlook and guidance

• Revised full-year sales forecast to ¥425.0B and ordinary income to ¥51.5B, reflecting strong Entertainment and Gaming performance.

• Profit attributable to owners of parent is projected at ¥37.5B, with net income per share of ¥174.35.

• Dividend per share maintained at ¥50.00.

• Launch of new titles in each segment expected to drive further growth.