Konami has revised its financial forecasts for the fiscal year, citing a robust nine-month performance characterized by an 11% increase in revenues and a remarkable 53% surge in profits.
For the period ending December 31, 2023, the Japanese gaming giant reported a business profit of ¥62.8 billion ($427 million), marking a significant year-on-year growth of 53%, accompanied by an operating profit of ¥59.6 billion ($405.2 million), up by 59%.
Key Financial Figures:
- Revenue: ¥253.1 billion ($1.72 billion), reflecting an 11.6% year-on-year increase.
- Business profit: ¥62.8 billion ($427 million), up by 53%.
- Operating profit: ¥59.6 billion ($405.2 million), marking a 59% increase.
Digital Entertainment Segment:
- Revenue: ¥173.4 billion ($1.2 billion), demonstrating a 10.8% year-on-year growth.
- Business profit: ¥55.9 billion ($380.1 million), up by 49%.
Notably, Konami’s Digital Entertainment segment, primarily responsible for its video games business, emerged as the major contributor, constituting nearly 70% of the total revenue. The success of titles like Metal Gear Solid: Master Collection Vol.1 and the Japan-exclusive release of Momotaro Dentetsu World: Chikyuwa Kiboude Mawatteru played a pivotal role in boosting this division’s performance.
Konami highlighted strong showings from eFootball 2024, the esports-focused successor to the Pro Evolution Soccer series, and Professional Baseball Spirits. The Amusement segment also demonstrated substantial growth, with profits doubling to ¥2.2 billion ($15 million) and a revenue increase of 55% to ¥16.3 billion ($110.8 million).
In light of these positive results, Konami has revised its full-year forecasts for the current financial year. Originally projecting revenues of ¥328 billion ($2.23 billion), the updated guidance now anticipates ¥343 billion ($2.33 billion), reflecting a 15% increase from the initial forecast and a noteworthy 28.7% year-on-year growth.
Similarly, the business profit forecast has been adjusted from ¥63 billion ($428.4 million) to ¥78.5 billion ($533.8 million), representing a 15.5% increase year-on-year. The operating profit guidance has also been raised from ¥60 billion ($408 million) to ¥72 billion ($489.6 million), indicating a 12% increase and a substantial 25.8% growth year-on-year.
