Konami Announces Financial Results With Significant Profit Drop Partly Due to Dev Cost for New Games

Konami has announced its finacial results with a significant drop in profits year-on-year, partly due to R&D and development costs for new games.

Published: February 2, 2023 1:55 AM /


Konami Logo

Today Konami announced its financial results for the first nine months of the fiscal year, related to the period between April 2022 and December 2022. 

According to the announcement, revenue for the whole company was 226.9 billion yen, up 5.5% year-on year. Business profit was 41.1 billion yen, down 31.2% year-on year. 

Konami Investor relations

Next, we take a look at the Digital Entertainment business, which includes video games on top of the Yu-Gi-Oh! collectible trading card game. 

Konami Investor Relations

As you can see from the table above, revenue increased slightly year-in-year to 156.4 billion yen (+1.6%), but business profit plummeted, reaching only 37.4 billion yen, 32.6% drop year-on-year. 

We learn that the revenue of eFootball 2023 grew due to the excitement driven by the World Cup, while the Yu-Gi-Oh! collectible trading card game continues going strong. This created a synergistic effect with the video game Yu-Gi-Oh! Master Duel, which surpassed 50 million downloads worldwide.

That being said, the guidance for the full fiscal year has been dropped considerably both for sales and business profit "mainly due to factors including revision of the profit plan for some titles in the Digital Entertainment business."

Interestingly, one of the factors listed in the press release for the lower profit is "increase in research and development expenses for new development titles."

Konami lists a few of the games it's currently working on in the press release:

"We are working assiduously to produce the Silent Hill series, which has been hotly anticipated ever since we announced the decision to produce both a remake and entirely new titles. Furthermore, we are moving forward with the production of Super Bomberman R 2, the latest title of the Bomberman series; Suikoden I&II HD Remaster Gate Rune & Dunan Unification Wars, an HD remastered version of the Suikoden series, and the new vertically scrolling shooting game Cygni: All Guns Blazing, which are scheduled for release in 2023."

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Started as News Editor at TechRaptor in January 2023, following over 20 years of professional experience in gaming journalism both on print media and on the… More about Giuseppe