Konami revenue flat but income climbs as company sees "slow recovery" - MCV

Konami revenue flat but income climbs as company sees "slow recovery"

Publish date:

Japanese publisher Konami has reported flat revenues of 155,899m for the nine months ending December 31st, with operating income climbing from 7,388m to 9,734m.

Net revenue in its digital entertainment business, however, fell over five per cent year-on-year to 67,943m, although the segment's income shot up over 40 per cent to 8,304m.

It's a performance the company describes as a slow recovery”, aided by new government financial policies in Japan, as well as the weakening yen.

Sales of mobile games such as World Soccer Collection S were described as strong”, while the company chose to focus on the positive reception” as opposed to commercial performance of PES 2015. Digital sales of Metal Gear Solid V: Ground Zeroes on PC were said, aptly, to be solid”.

Konami pointed to a shift toward mobile gaming and the increased diversification of platforms as a future opportunity, although it remains concerned about the wider economic outlook, despite improvements in Japan.

In terms of the global economy, the economic environment for growth remained uncertain,” Konami said. While personal consumption continued to recover in the US, the growth rate in emerging markets, including China, has slowed down. Meanwhile, Western economies have continued to show signs of slowing and the Russian economy has worsened.”