Konami sees revenue up following strong Switch releases

Switch releases bring in big bucks

01 February 2024
by rawmeatcowboy 0

Konami has released their latest financial report, and it appears to have been quite a strong few months for the longtime developer/publisher. Here’s how things have been shaking out for Konami over the last nine-month period ending Dec. 31st, 2023.

  • revenue rose 11%
  • profits were up 53%.
  • revenue: ¥253.1 billion ($1.72 billion, up 11.6% year-on-year)
  • business profit: ¥62.8 billion ($427 million, up 53%)
  • operating profit: ¥59.6 billion ($405.2 million, up 59%)

In particular, Konami was boosted by the release of Metal Gear Solid: Master Collection Vol.1 and Momotaro Dentetsu World: Chikyuwa Kiboude Mawatteru, both of which have been solid movers since launch. Konami also noted that eFootball 2024 and Professional Baseball Spirits also saw strong performances.

Other divisions of Konami have also fared well so far this financial year, with strong growth from its Amusement segment. This business more than doubled its profits year-on-year to ¥2.2 billion ($15 million) and saw revenues rise 55% to ¥16.3 billion ($110.8 million).

As a result, Konami is raising its forecasts for the current financial year.

Where it was originally expecting full-year revenues to reach ¥328 billion ($2.23 billion), its revised guidance now expects ¥343 billion ($2.33 billion) – up 15% from the initial forecast, and an increase 28.7% year-on-year.

Similarly, the forecast for business profit has increased 15.5% from ¥63 billion ($428.4 million) to ¥78.5 billion ($533.8 million, up 21.9% YoY), while the guidance for operating profit has been raised 12% from ¥60 billion ($408 million) to ¥72 billion ($489.6 million, up 25.8% YoY).

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