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Sega Sammy HoldingsSEGA SAMMY HOLDINGS INC.6460東証プライム機械FY ending Mar 2026, consolidated, J-GAAP

Sega Sammy Holdings revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +13.7% from the prior year, operating profit -2.1%.

Five-year trend

Revenue¥487.5B
FY ending Mar 2022: ¥320.9B¥320.9BFY ending Mar 2023: ¥389.6B¥389.6BFY ending Mar 2024: ¥468.9B¥468.9BFY ending Mar 2025: ¥428.9B¥428.9BFY ending Mar 2026: ¥487.5B¥487.5BFY22FY23FY24FY25FY26
Operating income¥47.1B
FY ending Mar 2022: ¥32B¥32BFY ending Mar 2023: ¥46.8B¥46.8BFY ending Mar 2024: ¥57.9B¥57.9BFY ending Mar 2025: ¥48.1B¥48.1BFY ending Mar 2026: ¥47.1B¥47.1BFY22FY23FY24FY25FY26
Operating margin9.7%
FY ending Mar 2022: 10.0%10.0%FY ending Mar 2023: 12.0%12.0%FY ending Mar 2024: 12.3%12.3%FY ending Mar 2025: 11.2%11.2%FY ending Mar 2026: 9.7%9.7%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin—
2022: 11.5%11.5%2023: 11.8%11.8%2024: 7.0%7.0%2025: 10.5%10.5%2223242526
Asset turnover—
2022: 0.74×0.74×2023: 0.83×0.83×2024: 0.81×0.81×2025: 0.66×0.66×2223242526
ROA-0.9%
2022: 8.5%8.5%2023: 9.8%9.8%2024: 5.7%5.7%2025: 6.9%6.9%2026: -0.9%-0.9%2223242526
Financial leverage—
2022: 1.48×1.48×2023: 1.51×1.51×2024: 1.75×1.75×2025: 1.87×1.87×2223242526
ROE—
2022: 12.6%12.6%2023: 14.8%14.8%2024: 10.0%10.0%2025: 13.0%13.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202211.5%0.74×8.5%1.48×12.6%
202311.8%0.83×9.8%1.51×14.8%
20247.0%0.81×5.7%1.75×10.0%
202510.5%0.66×6.9%1.87×13.0%
2026——×-0.9%—×—

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue10.5%
2021: 22.2%22.2%2022: 18.8%18.8%2023: 15.5%15.5%2024: 12.8%12.8%2025: 11.4%11.4%2026: 10.5%10.5%212223242526
PPE ÷ total assets8.1%
2021: 14.6%14.6%2022: 13.9%13.9%2023: 12.1%12.1%2024: 9.2%9.2%2025: 7.6%7.6%2026: 8.1%8.1%212223242526
Goodwill ÷ parent equity4.7%
2021: 1.6%1.6%2022: 1.2%1.2%2023: 0.8%0.8%2024: 9.1%9.1%2025: 8.4%8.4%2026: 4.7%4.7%212223242526
Goodwill balance¥14.6B
2021: ¥4.71B¥4.71B2022: ¥3.46B¥3.46B2023: ¥2.59B¥2.59B2024: ¥30.3B¥30.3B2025: ¥30.1B¥30.1B2026: ¥14.6B¥14.6B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥75.4B
2021: ¥48.3B¥48.3B2022: ¥47.1B¥47.1B2023: ¥51.4B¥51.4B2024: ¥61.4B¥61.4B2025: ¥60.7B¥60.7B2026: ¥75.4B¥75.4B212223242526
R&D / revenue15.5%
2021: 17.4%17.4%2022: 14.7%14.7%2023: 13.2%13.2%2024: 13.1%13.1%2025: 14.2%14.2%2026: 15.5%15.5%212223242526
Receivable days51d
2021: 50d50d2025: 45d45d2026: 51d51d212223242526
Payable days23d
2021: 35d35d2022: 46d46d2023: 48d48d2024: 35d35d2025: 36d36d2026: 23d23d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue320,949389,635468,925428,948487,542
Cost of revenue193,081231,568271,159236,240272,132
Gross profit127,868158,067197,766192,708215,409
SG&A95,825111,278139,901144,584168,280
Operating income32,04246,78957,86548,12447,128
Pretax income37,92147,06941,83154,803-3,783
Income tax9031,1368,6999,7441,968
Net income attributable to owners37,02745,93833,05545,051-5,756
Operating margin10.0%12.0%12.3%11.2%9.7%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 25%
Receivables 11%
8%
Intangibles and goodwill 15%
8%
Other assets 33%

Funding

3%
Interest-bearing debt 23%
Other liabilities 18%
Equity 56%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥152.5B¥179.5B¥219.8B¥198.9B¥153.8B
Total assets¥435.5B¥501.6B¥654B¥644.8B¥627.4B
Net assets¥292.6B¥331.3B¥357.7B¥381.6B¥355B
Share capital¥30B¥30B¥30B¥30B¥30B
Trade receivables———¥52.7B¥67.6B
Property, plant and equipment¥60.4B¥60.5B¥60.1B¥48.9B¥51.1B
Intangible assets excluding goodwill¥13.2B¥13.2B¥92.3B¥91.2B¥80.1B
Goodwill¥3.46B¥2.59B¥30.3B¥30.1B¥14.6B
Investment securities¥40.7B¥39.5B¥49.9B¥51.2B¥53.4B
Current assets¥287.8B¥353.9B¥395B¥388.7B¥374.7B
Current liabilities¥87B¥120.3B¥135.5B¥94.2B¥109.1B
Trade payables¥24.5B¥30.6B¥26.1B¥23.6B¥17.4B
Short-term borrowings¥10B¥17B¥22.5B¥7.5B¥7.5B
Long-term borrowings¥32B¥25B¥124.5B¥132B¥124.5B
Bonds¥10B¥10B¥10B¥10B¥10B
Interest-bearing debt¥52Bderived¥52Bderived¥157Bderived¥149.5Bderived¥142Bderived
Total liabilities¥142.9B¥170.2B¥296.3B¥263.2B¥272.4B
Non-controlling interests¥49M¥24M¥30M¥24M¥31M
Equity attributable to owners of parent¥294.4B¥326.8B¥333.3B¥359.8B¥311.1B
Retained earnings¥224.7B¥261.8B¥281.2B¥314.9B¥297.6B
Treasury stock-¥77.9B-¥37.3B-¥47.2B-¥54.9B-¥46.3B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    訂正有価証券報告書－第22期(2025/04/01－2026/03/31)

    ID S100YYNN2026-08-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第21期(2024/04/01－2025/03/31)

    ID S100W28S2025-06-23Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第20期(2023/04/01－2024/03/31)

    ID S100U6712024-08-07Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2022/04/01－2023/03/31)

    ID S100R28G2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(令和3年4月1日－令和4年3月31日)

    ID S100OE3R2022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(令和2年4月1日－令和3年3月31日)

    ID S100LP7W2021-06-25Open

Extracted from XBRL: 57 / Derived from other figures: 2

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