Assuming the company meets its proposed quota, it expects to save roughly $55.1 million on labor costs across its next fiscal year. The studio will also close or sell 110 amusement facilities, and reduce its research and development costs by about 20%.
At present, the Japanese video game publisher and developer expects to post a net loss of $236.9 million for the fiscal year, instead of its previously expected $55.1 million profit. That means its expectations are down a total of $292 million, roughly 530%.
The company cited weaker-than-expected Japanese video game sales and the weak yen-dollar exchange rate as factors in its lowering is projection.
Despite the lowered expectations, the current fiscal year is still an improvement over Sega's last fiscal year, in which the company saw a net loss of $577.4 million.