February 26^th, 2002 (12:00am) - 12:14am 02/26/02

Sega’s chief operating officer Tetsu Kayama has reportedly reassured investors in Japan that the company will meet projections for the fiscal year. Specifically, Sega anticipates an operating profit of 11 billion yen ( Million). More daunting however, Sega has set sales projections at 23 million units for next year. Speaking about the outlook of the company, Kayama-san said; ’I don’t think it’s difficult to achieve the targets, there should be a lot of positive factors for Sega in 2002.’ Among them, Sega hopes for continued sales strength in the North American market. ’There are statistics that the U.S. game market will grow to billion by 2005 from billion last year,’ Kayama-san said. For reference, as part of Sega’s global restructuring, the Dreamcast console business was abandoned and arcade operations were cut in half.