Things aren’t looking too rosy for SEGA at the moment as the company has announced that it has cut full-year profit estimate by 90%. The move is blamed on poor sales and delays on key titles such as Sonic Boom: Fire & Ice. The Nintendo 3DS title was one game that was due to launch this Christmas but has instead been pushed back until early next year.
The Japanese publisher has lowered its revenue forecast by ¥65 billion to ¥355 billion, a 15 per cent reduction. The impact on profit is more pronounced, with operating income expected to be 60 per cent lower – from ¥25 billion to ¥10 billion – and net profit expected to be almost 90 per cent lower – from ¥19 billion to just ¥2 billion.