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The latest update is out from Sega Sammy Holdings ( (JP:6460) ).
Sega Sammy Holdings has recorded around ¥31.3 billion in impairment losses on goodwill and other intangible assets tied to Rovio, after the acquired mobile game developer struggled amid intensifying global competition and a rapidly shifting market. The write-down drove an estimated ¥30.4 billion hit to net loss attributable to owners in the third quarter, although a partial offset came from deferred tax effects.
The company also cut its full-year forecast, now expecting higher net sales of ¥490 billion but lower operating and ordinary income, and a net loss of ¥13 billion due to the Rovio charges and an additional expected impairment of about ¥15 billion on Stakelogic as regulatory tightening in the Netherlands erodes profitability. Despite the swing into loss, Sega Sammy will maintain its planned year-end dividend, keeping the total annual payout at ¥55 per share under its shareholder return policy focused on DOE or total return ratio targets.
The most recent analyst rating on (JP:6460) stock is a Buy with a Yen2640.00 price target. To see the full list of analyst forecasts on Sega Sammy Holdings stock, see the JP:6460 Stock Forecast page.
More about Sega Sammy Holdings
Sega Sammy Holdings Inc., listed on the Tokyo Stock Exchange Prime, operates across entertainment contents, pachislot and pachinko machines, and gaming businesses. The group has expanded into mobile gaming through the acquisition of Rovio Entertainment, and into online gaming platforms via stakes in GAN Limited and Stakelogic, aiming to strengthen its global entertainment footprint.
Average Trading Volume: 982,854
Technical Sentiment Signal: Hold
Current Market Cap: Yen502.4B
Learn more about 6460 stock on TipRanks’ Stock Analysis page.