The Sonic the Hedgehog creator made adjustments to its fiscal year’s earnings forecast. The company announced that it expects its projected net income to be $293.5M, down from $459.8 million. Further, its net sales are expected to be $3.69 billion, which is a sizeable 22.3 percent decrease from its original projection of $4.75 billion. It also anticipates that its operating income will be down a staggering 49.3 percent from $714.2 million to $362 million.
Intriguingly, the video game company attributes these financial slides to its flagging pachislot and pachinko machine business. The company previously reported anticipation of a loss for the fiscal year, which ends March 31.