Sega Sammy (6460) Q4 2025 earnings summary

Executive summary

• FY2025/3 consolidated sales were 428.9 billion yen, with profit attributable to owners of parent at 45.0–45.1 billion yen, driven by strong Entertainment Contents, Animation, and extraordinary gains from asset sales and restructuring.

• Extraordinary losses were recorded due to business restructuring, including the transfer of European studios.

• Business portfolio optimization included the transfer of PHOENIX RESORT and acquisition of Stakelogic and GAN to strengthen the Gaming business.

• Shareholder returns were enhanced through increased dividends (52 yen/share) and a treasury stock buyback program totaling up to 12.0 billion yen, with a total return ratio above 50%.

• Adjusted EBITDA increased to 62.2–62.3 billion yen, reflecting improved profitability in core segments.

Financial highlights

• FY2025/3 sales declined to 428.9 billion yen (down 8.5% year-over-year), but profit attributable to owners of parent rose to 45.0–45.1 billion yen (up 36.3%).

• Adjusted EBITDA increased to 62.2–62.3 billion yen; EPS rose to 209.79 yen (up 39.2%).

• Extraordinary income of 10.0 billion yen (mainly from PHOENIX RESORT sale) and extraordinary losses of 8.3 billion yen (mainly restructuring costs) were recorded.

• Cash and cash equivalents at year-end were 198.9 billion yen.

• Dividends per share increased to 52 yen, with a further increase to 55 yen planned for FY2026/3.

Outlook and guidance

• FY2026/3 forecast: sales to rise to 475.0 billion yen, operating income to 53.0 billion yen, and profit attributable to owners of parent to 37.5 billion yen.

• Adjusted EBITDA expected to reach 67.5 billion yen; EPS forecast at 175.39 yen.

• Mainstay IP launches, major Pachislot titles, and increased repeat sales in Full Game and F2P expected to drive growth.

• FY2026 dividend forecast: 55 yen per share (DOE 3%).

• Impact of GAN and Stakelogic acquisitions not yet included in FY2026 guidance; minimal impact expected from U.S. tariff increases.