However, game losses continue.
SEGA has announced its Q2 2012 earnings. Seems that the company returned to profitability in Q2, following confirmation of large-scale restructuring outside Japan.
SEGA Sammy Holdings has posted its Q2 financial results.
It looks like the company has returned to profitability in the period as it continues the ongoing restructuring of its US and European business.
It reported revenues of ¥69.9 billion ($893m/£569m) in the quarter ended June 30 2012, a 7.1% year-on-year increase. Profits were ¥2.5 billion ($32m/£20m), versus the ¥2.2 billion loss in the same quarter last year.
And finally, here's what the company said in an investor note published:Sega's financial report noted "weakened demand" for packaged games due to the economic climate in the US and Europe. The company's only major packaged release was London 2012: The Official Video Game of the Olympic Games. Total packaged sales across all titles for the quarter were 1.34 million - a year-on-year decline.
The Consumer division reported total revenues of ¥15.1 billion ($193m / £123m), down 6.9 per cent from last year. Overall, the division made an operating loss of ¥1.5 billion ($19m / £12m).
If you didn't know, SEGA confirmed in June that it was shutting offices in France, Germany, Spain, Australia and Benelux, and they will now focus on prominent IP like Sonic, Total War and Football Manager."We will cut fixed costs and concentrate efforts on sales of strong titles that are expected to continue posting solid earnings..."
It added that digital sales were picking up. The smartphone game Kingdom Conquest was downloaded to more than three million devices by June.
Sega added: "Furthermore, Phantasy Star Online 2, the main title in the digital game software field for the current fiscal year, officially launched on July 4th and has been enjoying brisk sales".
NEWS SOURCE #1: Sega returns to profitability in Q2 (via) GamesIndustry
NEWS SOURCE #2: Sega business returns to profit but game losses continue (via) CVG
Our thanks to 'Gauss' for this news item!