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Sega Sammy Holdings
(6460)
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Rating:64Neutral
Price Target:
¥3,622.00
▲(20.09% Upside)
Action:Reiterated
Date:07/30/26
The score is driven mainly by mixed fundamentals: strong revenue momentum and a solid equity cushion are offset by a 2026 net loss and volatile margins/free cash flow. Technicals are supportive with the stock above all major moving averages, but valuation is pressured by the negative P/E, with only modest support from the dividend yield.
Positive Factors
Sustained Revenue Growth
Revenue growth of roughly 20% across three reporting periods demonstrates sustained top-line momentum rather than a single-year spike. This expands the base supporting future earnings, gives the group resources to reinvest in content and gaming operations, and indicates continued demand across its businesses.
Negative Factors
2026 Net Loss
The shift from healthy profitability through 2025 to a 2026 net loss indicates that operating performance is not consistently translating into shareholder earnings. Persistent below-the-line pressure would weaken reinvestment capacity, reduce returns on equity, and make future earnings quality less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue growth of roughly 20% across three reporting periods demonstrates sustained top-line momentum rather than a single-year spike. This expands the base supporting future earnings, gives the group resources to reinvest in content and gaming operations, and indicates continued demand across its businesses.
Read all positive factors
Sega Sammy Holdings (6460) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥685.70B
Dividend Yield1.63%
Average Volume (3M)956.60K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth23.77%
EPS Growth-98.22%
CountryJP
Employees9,237
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.90
Shares Outstanding213,545,380
10 Day Avg. Volume1,014,390
30 Day Avg. Volume956,600
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)1.44
Price to Sales (P/S)1.05
P/FCF Ratio23.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,500.00Price Target Upside16.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)187.22
Revenue Forecast (FY)¥509.14B
Sega Sammy Holdings Business Overview & Revenue Model
Company Description
Sega Sammy Holdings Inc. is a diversified conglomerate that, through its subsidiaries, engages in the gaming hardware, entertainment media, and hospitality sectors. The company organizes its operations across three primary segments: Entertainment ...
How the Company Makes Money
Sega Sammy Holdings makes money through multiple revenue streams tied to its operating segments. (1) Entertainment Contents: The company earns revenue from developing and publishing video games across platforms (e.g., console/PC/mobile), including...
Sega Sammy Holdings Earnings Call Summary
Earnings Call Date:Aug 08, 2025
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive start in the Pachislot, Pachinko, and gaming businesses, with strong launches like Persona5: The Phantom X and successful initiatives like the SEGA Store Tokyo. However, there were notable challenges, including foreign exchange losses and underperformance in Rovio and animation segments. Despite some lowlights, the highlights indicate a generally positive outlook with strong operational starts in key segments.Positive Updates
Strong Start in Pachislot and Pachinko Machines Business
The Pachislot and Pachinko machines business made a good start in terms of operating income, with sales of Dejihane P Hokuto No Ken Jibo and P Zombie Land Saga exceeding internal expectations. Orders for Tokyo Revengers Pachislot machine exceeded 25,000 units, compared to the plan of 20,000 units.
Negative Updates
Foreign Exchange Losses Impacting Financials
A foreign exchange loss of approximately JPY2.9 billion was recorded as a non-operating expense due to the revaluation and settlement of foreign currency-denominated receivables and payables.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Start in Pachislot and Pachinko Machines Business
The Pachislot and Pachinko machines business made a good start in terms of operating income, with sales of Dejihane P Hokuto No Ken Jibo and P Zombie Land Saga exceeding internal expectations. Orders for Tokyo Revengers Pachislot machine exceeded 25,000 units, compared to the plan of 20,000 units.
Read all positive updates
Company Guidance
During Sega Sammy Holdings Inc.'s Q1 financial results briefing for the fiscal year ending March 31, 2026, the company reported that sales were generally in line with expectations, leading to a smaller-than-expected loss at the operating income level. The Pachislot and Pachinko machines and gaming businesses showed a good start in operating income, whereas the entertainment contents business performed as anticipated. Although operating income surpassed expectations, adjusted EBITDA remained consistent due to JPY2.9 billion in foreign exchange losses. The company completed acquisitions of Stakelogic BV and GAN Limited, with goodwill estimated at JPY18.6 billion and JPY17.4 billion, respectively. There was a consolidation of the balance sheet from Q1, but P&L contributions will begin in Q2. Notably, 20 million shares of treasury stock were canceled, resulting in 11 million shares remaining. Operating, investing, and financing cash flows were projected at negative JPY11.7 billion, negative JPY19.5 billion, and negative JPY17.9 billion, respectively, contributing to an overall negative cash flow of JPY50.6 billion. The company anticipates growth from Q2 onward, spurred by the introduction of mainstay titles across its various businesses.Sega Sammy Holdings Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 501.54B | 487.54B | 428.95B | 468.93B | 389.63B | 320.95B |
| Gross Profit | 224.58B | 215.41B | 225.55B | 234.26B | 186.43B | 154.05B |
| EBITDA | 25.52B | 20.28B | 72.73B | 58.61B | 60.24B | 51.94B |
| Net Income | -199.00M | -5.76B | 45.05B | 33.06B | 45.94B | 37.03B |
Balance Sheet | ||||||
| Total Assets | 610.34B | 627.39B | 644.78B | 653.99B | 501.57B | 502.04B |
| Cash, Cash Equivalents and Short-Term Investments | 141.71B | 153.88B | 200.36B | 219.81B | 179.51B | 152.46B |
| Total Debt | 142.00B | 146.94B | 155.70B | 163.86B | 58.73B | 57.14B |
| Total Liabilities | 255.02B | 272.42B | 263.17B | 296.28B | 170.22B | 209.40B |
| Stockholders Equity | 355.29B | 354.94B | 381.58B | 357.67B | 331.32B | 292.59B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 21.56B | 16.68B | 62.58B | 43.27B | 36.22B |
| Operating Cash Flow | 0.00 | 27.74B | 22.21B | 67.92B | 48.21B | 42.20B |
| Investing Cash Flow | 0.00 | -24.31B | -13.90B | -115.59B | -5.86B | -11.39B |
| Financing Cash Flow | 0.00 | -56.62B | -27.98B | 79.79B | -15.36B | -35.97B |
Sega Sammy Holdings Technical Analysis
Positive
3016.00
Price Trends
3117.19
Positive
2745.56
Positive
2577.88
Positive
Market Momentum
73.15
Positive
65.26
Neutral
68.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6460, the sentiment is Positive. The current price of 3016 is below the 20-day moving average (MA) of 3299.57, below the 50-day MA of 3117.19, and above the 200-day MA of 2577.88, indicating a bullish trend. The MACD of 73.15 indicates Positive momentum. The RSI at 65.26 is Neutral, neither overbought nor oversold. The STOCH value of 68.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6460.
Sega Sammy Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
87 Outperform | ¥577.54B | 11.84 | ― | 2.90% | 13.22% | 52.60% | |
83 Outperform | ¥3.43T | 30.59 | 20.53% | 0.91% | 22.80% | 49.61% | |
82 Outperform | ¥1.89T | 28.61 | 25.34% | 1.07% | 18.74% | 19.36% | |
80 Outperform | ¥10.01T | 21.34 | 16.30% | 2.54% | 51.51% | 62.39% | |
72 Outperform | ¥1.08T | 28.87 | 11.04% | 1.44% | 0.94% | 104.41% | |
64 Neutral | ¥685.70B | -3,787.78 | -0.05% | 1.64% | 23.77% | -98.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
JP:6460
Sega Sammy Holdings
3,397.00
500.28
17.27%
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Sega Sammy Holdings Corporate Events
Sega Sammy Issues Cautious Q1 FY2027/3 Results Presentation With Extensive Disclaimers
Aug 7, 2026
Sega Sammy Holdings released an English-language Q1 FY2027/3 results presentation document primarily composed of disclaimers and cautionary statements. The material emphasizes that all performance outlooks, strategies, and market forecasts are sub...
Sega Sammy Swings Back to Profit as First-Quarter Sales Jump 17%
Aug 7, 2026
Sega Sammy reported a sharp rebound in profitability for the quarter ended June 30, 2026, with net sales rising 17.3% year on year to ¥95.0 billion and operating income swinging to a ¥2.4 billion profit from a loss a year earlier. Profit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.