Konami profits up by 159%, as mobile games gain traction
Hot on the heels of fellow Japanese publisher, Square Enix, Konami--currently in the spotlight for all of the wrong reasons--has posted its financials for the quarter ended June 30, highlighting an increase in revenue and profit for the company as a whole, as well as the firm's game division.
Overall, Konami's revenue rose by 5.3 percent, jumping from ¥48.6 billion ($390 million) to ¥51.2 billion ($411 million). More significantly, the publisher saw profit leap from ¥1.64 billion ($12 million) to ¥4.28 billion ($34 million) - a 159.9 percent increase.
Digital Entertainment, Konami's dedicated games arm, also saw year-on-year revenue increase by 16.7 percent, rising from ¥20.4 million ($163,684) to ¥23.8 million ($190,965).
Konami's foothold in the mobile market was a key factor in its success, with mobile titles such as Jikkyou Pawafuru Puroyakyu, which has surpassed 13 million downloads, PES Club Manager, Disney Tsum-Tsum, and Star Wars: Force Collection all enjoying "steady sales."
Looking ahead, the publisher explained it's working hard towards the "inclusion of a sustained operation game mode that utilizes the operational expertise of mobile games", adding that console titles Pro Evolution Soccer 2016 and Metal Gear Solid V have also generated "great expectations."