Konami Announces Record Revenue & Growing Profit in Q1 Financial Results

Published: August 3, 2023 2:33 AM /


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Konami announced its financial results for the first quarter of the fiscal year, related to the period between April 1 and June 30, 2023. 

From the press release, we learn that revenue was 72,633 million yen (up 1.0% year-on-year) while operating profit was 17,151 million yen (up 22.2% year-on-year). 

This growth is attributed to improved profit margins of core contents of the Digital Entertainment business and strong performance of the Gaming & Systems business.

It's worth mentioning that, despite the names, the Gaming & Systems business is actually Konami pachinko and pachislot business, while video games are in the Digital Entertainment business alongside Yu-Gi-Oh trading cards. 

On top of that, revenue broke the previous record for Q1, partly due to the depreciation of the yen. 

Speaking of the Digital Entertainment business specifically, which continues to (contrary to popular belief) represent the lion's share of Konamy's business, revenue in Q1 was 48,130 million yen (down 5.3% year-on-year), and business profit was 15,101 million yen, (up 13% year-on-year).

Among the drivers of revenue among games, Konami mentions continued strong performance for eFootball 2023 helped by promotions including the 6th anniversary campaign of the mobile version.

Looking at the future, Konami mentions among either things Metal Gear Solid Δ: Snake Eater, which promises to "faithfully recreate the story, characters and game design of the original title while evolving the gameplay with modern computer graphics."

If you'd like to compare these results with historical data, you can check out our dedicated article on the performance for the previous fiscal year, based on data published by Konami in May.


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