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Sega Sammy pauses large-scale M&A after nine-month JPY16.9bn loss

Business

Sega Sammy said it will pause large-scale M&A after recording a JPY16.9 billion loss attributable to parent-company owners for the nine months to 31 December 2025. It attributed the result mainly to a JPY31.4 billion exceptional loss linked to Rovio’s underperformance; its Gaming segment also reported a loss after including GAN and Stakelogic.

The pause signals Sega Sammy will limit large acquisitions after losses linked to recent gaming investments.

End-of-day close Sega Sammy (6460), JPY, to 2 April 2026
Story date5 January 20262 April 2026

Latest reported results

Sega Sammy Tokyo: 6460

Quarter ended 30 September 2026

Revenue
JPY 117.56bn

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Smartkarma urges Sega Sammy to prioritise intellectual property over M&A

An investment analysis platform argued that Sega Sammy should focus on monetising its intellectual property and halt large-scale acquisitions after what it described as weak acquisition performance and lower operating margins. The analysis cited a JPY31.3bn impairment relating to Rovio and said a further JPY15bn impairment was expected for Stakelogic; Sega Sammy said it would suspend large-scale M&A for the time being.

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