A combination of worse than expected performance and new regulations have seen Sega Sammy cut its profit forecast for this financial year, resulting in shares dropping by 14 per cent. The drop was the biggest so far this year with shares falling to 2,495 Yen on the Tokyo Stock Exchange.
Net income has been predicted by Sega Sammy to fall 20 per cent to 35 billion Yen (£147m) in the financial year ending 2008. New regulations on how much players can win on pachinko slot-machines is the main reason for the forecast with 93 per cent of the company’s income coming from the gaming machines last financial year, according to Bloomberg.
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