Times are tough. Sega Sammy knows. The company has released its 2008 fiscal results, posting a loss for the second year straight.

The company chalked up a net ¥ 22.88 billion loss, which was less than the ¥52.47 billion loss of last year. The company's pachinko and arcade business caused financial bleeding. While game sales were firm, there was a 7.5 percent decline in those sales.

Sega Sammy did see a pretax profit of ¥6.64 billion compared to the previous year's ¥8.22 billion, but is already forecasting a 2.1 percent decrease in sales for the next financial year.

In order to cut costs, Sega Sammy is offering an early retirement program.

Send an email to the author of this post at .