resort in the city of Yokohama<\/a><\/strong>.<\/p>\n\n\n\nBut in a briefing for analysts and investors this week on its financial results for the year ending March 31, executives from the Japanese entertainment giant said it would exercise caution.<\/p>\n\n\n\n
Sega Sammy chief operating officer Haruki Satomi said: \u201cIt is believed that both the government and corporations are working to avoid the worst-case scenario in the spread of Covid-19, and we also intend to carry out sound cash management.\u201d<\/p>\n\n\n\n
By worst-case scenario, the company refers to the chances the Covid-19 outbreak may affect government plans to see the first IR open doors by 2025. It is also considering potential future outbreaks that could impact the industry again.<\/p>\n\n\n\n
The executives mentioned overseas casino operators had \u201csuffered enormous damage,\u201d and that their efforts to get into the Japan IR market might be \u201csuspended in the future.\u201d<\/p>\n\n\n\n
Sega Sammy\u2019s net sales for the year ending March 31 reached JPY366.6 billion (US$3.4billion), up 10.5 per cent year on year.<\/p>\n\n\n\n
Earnings for the year hit US$13.8 billion, representing a 421 per cent year-on-year increase.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japanese entertainment giant said the government and corporations are working to avoid a worst-case scenario in the spread of COVID-19.<\/p>\n","protected":false},"author":2,"featured_media":6975,"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 Inc. is adopting a \"sound cash management\" strategy for its Integrated Resort (IR) projects in Japan, including a potential bid in Yokohama, amidst COVID-19 uncertainties. The company expressed caution regarding the pandemic's impact on the 2025 IR opening timeline and the financial health of overseas casino operators. This strategic prudence follows a period of significant earnings growth for Sega Sammy.","focusai_entities":"Sega Sammy Holdings Inc., Haruki Satomi","focusai_location":"Japan, Yokohama","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Yokohama IR Partnership","query":"What specific criteria is Sega Sammy Holdings Inc. prioritizing in a potential partner for the Yokohama IR bid, particularly concerning capital contribution and operational expertise given the current market uncertainties?"},{"label":"2025 IR Timeline Impact","query":"Beyond COVID-19, what are the primary governance and capital market risks that could further impede the Japanese government's target of opening the first Integrated Resort by 2025, as referenced by Sega Sammy?"}],"footnotes":""},"categories":[16338,163],"tags":[473,470,1842],"class_list":["post-6974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-ir","tag-japan","tag-sega-sammy"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6974","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=6974"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6974\/revisions"}],"predecessor-version":[{"id":21217,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6974\/revisions\/21217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6975"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}