Sega Sammy has released its financial report for the first quarter ended July 31, revealing mixed results with a decline in sales but also a decline in losses.

The company’s net sales hit 60.4 billion yen for the quarter, down by 19 per cent from 74.6 billion year-on-year. However, operating losses improved from 10.2 billion yen in 2008’s comparable quarter to a loss of only 7.8 billion yen in 2009. Net losses decreased to 10.2 billion yen during the quarter, down from 10.5 billion yen year-on-year.

Sega’s consumer business division – its videogames arm – saw sales plummet to 18 billion yen during the three month period, down from 30.5 billion the previous year. Likewise, operating income declined from a loss of 4.1 billion yen for the quarter in 2008 to 4.5 billion yen in 2009.

Total unit sales also declined significantly to 2.65 million units, from 6.89 million during the same period the previous year. Among this quarter’s releases was the Wii title The Conduit with sales of 150,000 units, the multiplatform title Virtua Tennis 2009 with 790,000 units, and PSP title Hatsune Miku - Project Diva at 90,000 units.

Europe was the consumer businesses largest market, accounting for sales of 1.12 million units - 42 per cent of total global sales. The US was the second largest market at 990,000 units while Japan and other markets followed at a combined 530,000 sales.

The company’s arcade machines division also saw sales decline, from 13.7 billion yen in 2008 to 7.8 billion yen this quarter. Operating income declined from a profit of 700 million yen to a loss of 1 billion yen.

However, Sega’s Pachinko business reported net sales of 19.6 billion yen, up from 12 billion yen the previous year. The business also reported an operating loss of 1 billion yen, an improvement on the loss of 4.3 billion yen year-on-year.