{"id":11549,"date":"2020-11-05T20:54:20","date_gmt":"2020-11-05T20:54:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11549"},"modified":"2026-04-24T00:20:02","modified_gmt":"2026-04-24T03:20:02","slug":"sega-sammy-to-transfer-amusement-centres","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sega-sammy-to-transfer-amusement-centres","title":{"rendered":"Sega Sammy to transfer amusement centres"},"content":{"rendered":"\n

The company said it expects\u00a0extraordinary losses of US$193mfor the full fiscal year ending in March 2021 due to the transaction.\u00a0\u00a0<\/p>\n\n\n\n\n\n\n\n

Japan.- Sega Sammy Holdings has confirmed it will transfer much of its amusement centres business to GENDA, as it restructures the company following the impact of Covid-19 restrictions on its assets.<\/p>\n\n\n\n

The company said: \u201cAs the amusement centre operations area in entertainment contents business is strongly affected by Covid-19, utilization of facilities has declined remarkably, and a significant loss was recorded at 1Q of the fiscal year ending March 2021. <\/p>\n\n\n\n

“In addition, despite the recent recovery trend, the situation remains uncertain.\u201d<\/p>\n\n\n\n

Sales have been struggling for some time<\/a><\/em><\/strong> at the entertainment company. The group established a structural reform committee to adapt to the new business environment and reduce costs.<\/p>\n\n\n\n

After considering various options, the transference of assets to GENDA was decided as it is “a company that has a strong desire to expand amusement centre operations business.\u201d<\/p>\n\n\n\n

The operation will involve the transference of shares of Sega Entertainment held by Sega Group Corporation to GENDA.<\/p>\n\n\n\n

As a result of the operation, the voting rights of Sega Group Corporation in Sega Entertainment will be 14.9 per cent. The value of the operation was not disclosed.<\/p>\n\n\n\n

Sega Sammy said it expects to record extraordinary losses of 20 billion yen (US$193 million) in its full year results ending on March 31, 2021 as a result of the transaction.<\/p>\n\n\n\n

It said: \u201cWe will continue to work on structural reforms to transform our business structure and organizational structure to adapt to the environment, and to realize an early recover of earnings.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The company said it expects\u00a0extraordinary losses of US$193mfor the full fiscal year ending in March 2021 due to the transaction.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":11551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sega Sammy Holdings is divesting a significant portion of its amusement centre operations to GENDA, anticipating extraordinary losses of US$193 million for the fiscal year ending March 2021. This strategic restructuring is a direct response to the severe impact of COVID-19 restrictions on facility utilization and ongoing sales struggles within the entertainment contents business. The transaction aims to adapt the company's business structure and organizational framework for future earnings recovery.","focusai_entities":"Sega Sammy Holdings, GENDA, Sega Entertainment, Sega Group Corporation","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.95), investor_analyst (0.98), journalist_researcher (0.88)","focusai_suggestions":[{"label":"Capital Allocation Strategy?","query":"How does this divestment of non-core amusement assets align with Sega Sammy's broader capital allocation strategy, particularly concerning potential investments in its iGaming or digital entertainment verticals?"},{"label":"Long-term Earnings Impact?","query":"Beyond the immediate extraordinary loss, what is the projected long-term impact of this restructuring on Sega Sammy's NGR and overall profitability, considering potential synergies or reduced operational drag?"}],"footnotes":""},"categories":[157,16338],"tags":[1842],"class_list":["post-11549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sega-sammy"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11549"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11549\/revisions"}],"predecessor-version":[{"id":11568,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11549\/revisions\/11568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11551"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}