Image Credit: Bethesda
Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.
Konami Logo

Konami Announces Strong Financial Results Thanks to Sports Games

This article is over 5 years old and may contain outdated information

Konami announced its quarterly financial results related to the first nine months of the current fiscal year, ended on Dec. 31.

Recommended Videos

As you can see in the table below, not only all profit numbers are firmly in the black, but they show significant improvement year-on-year.

We can also see a breakdown of performance by business segment.

The Digital Entertainment business, which includes video games, is both the largest contributor and the one showing the best improvement in revenue and the second best in profit.

A specific table related to the Digital Entertainment business shows its solid performance, which has been going on for quite a while.

The press release identifies the publisher’s popular sports games as a primary factor for the strong performance.

“In terms of the business results of Konami Group for the nine months ended December 31, 2018, both total revenue and operating profit exceeded those for the same period of the previous fiscal year because our soccer and baseball series titles in the Digital Entertainment business continued to perform strongly, while the Amusement business was weaker compared with its healthy sales of leading titles for the same period of the previous fiscal year.”

We also get a specific explanation for the Digital Entertainment Business itself.

“In the entertainment market, game contents continue to diversify along with functional enhancement of various devices, including mobile devices and video game consoles, and development of information and telecommunications infrastructure.

In conjunction with the changing times, the preference for enriching daily life through full and abundant experiences in personal spending has been strengthened. In the game industry, efforts are accelerating to offer new experiences through game content in various ways, including eSports, which are regarded as a form of sports competition and are attracting more and more attention.

Under such circumstances, as for mobile games in the Digital Entertainment segment, Winning Eleven 2019 (known overseas as PRO EVOLUTION SOCCER 2019), which was implemented a large-scale update, has received favorable reviews in the global market. Yu-Gi-Oh! DUEL LINKS has also received favorable reviews from many players following an update in the second quarter.

In the domestic market, the sales of PROFESSIONAL BASEBALL SPIRITS A (Ace) increased, which marks the third anniversary since its release. Furthermore, JIKKYOU PAWAFURU PUROYAKYU and JIKKYOU POWERFUL SOCCER, which mark the fourth and second anniversary since their releases, respectively, performed strongly through developing various measures.”

While Konami seems to have moved away from non-sports hardcore games, at least for now, it appears that it didn’t negatively influence the company’s financial performance.


Twinfinite is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
Author
Image of Giuseppe Nelva
Giuseppe Nelva
Proud weeb hailing from sunny (not as much as people think) Italy and long-standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality), MMORPGs, and visual novels are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans on Earth of the flight simulator genre.