Video game maker Sega Corp. said Tuesday it posted a group net loss of 51.73 billion yen in fiscal 2000, deteriorating from the previous year's loss of 42.88 billion yen.
The dismal earnings were largely due to poor sales and extraordinary losses connected to discontinued production of the loss-making Dreamcast game console, the company said.
Group pretax loss also swelled to 52.74 billion yen from the previous year's loss of 44.27 billion yen, while group sales fell 28.4 percent to 242.91 billion yen.
For this fiscal year, Sega forecasts a group net profit of 2.1 billion yen and a group pretax profit of 5.4 billion yen on sales of 189 billion yen.
As with the 1999 business year, it will pay no dividend for the just-ended year.
On an unconsolidated basis, Sega reported a net loss of 87.24 billion yen, against the previous year's loss of 36.8 billion yen, and a pretax loss of 17.76 billion yen, compared to a loss of 35.72 billion yen, on sales of 192.71 billion yen, down 29.3 percent.