Shin Megami Tensei V Vengeance and other Sega releases contribute to massive 181% boost in profit
Sega Sammy Holdings, the parent company of Sega, published their consolidated financial results for the first quarter of the ongoing fiscal year on August 7. The report covers the period from April 1 to June 30, 2024 and brings some good news for fans of the Shin Megami Tensei series.
According to GameBiz, Sega Sammy saw a significant year-on-year increase in both sales and profits, largely owed to the performance of their entertainment sector, i.e. video games. Net sales were up by 34.0% to 72.733 billion yen, and ordinary profit was up by 181.5% compared to last year, totaling 15.702 billion yen.
Sega Sammy states that the primary driver of this growth was sales of new games (referred to as “console games” in the report, likely to distinguish them from mobile games) as well as repeat sales of past titles. Sales of newly released titles were up by 56% and sales of past titles grew by 31.8% compared to last year.
Atlus’ Shin Megami Tensei V Vengeance is highlighted in the report for its performance, having sold 500,000 units in only three days following launch. In addition, Vanillaware’s tactical RPG Unicorn Overlord and Persona 5 Royal have apparently been continuously performing well since release.
Angry Bird developer Rovio, which Sega Sammy acquired in August last year also made a significant contribution towards revenue, with sales totaling 8.7 billion yen.
