Things are looking up for Sega
On target for pre-tax profitability
On a pre-tax basis, Sega expects to return to profitability this year according to figures released today. First-half current profit is at 4.5 billion yen, and full-year current profit 10 billion yen. The company had been expecting losses of 2.4 and 5.4 billion yen for the first half and full year respectively. Unfortunately, stock donated to Sega by the late Isao Owaka has nose-dived recently, but the overall picture is good, despite the predicted group net loss of 15 billion yen (£86 million) for the twelve months ending March 31st. Ironically, stronger-than-expected software sales for the Dreamcast are partially responsible for the pre-tax improvements.