Konami Boosts Profit Forecasts with 38% Increase to $560 Million

Konami has published its financial results for the nine-month period ending December 31, 2024, with revenues increasing by 22% to ¥310.8 billion and profits surging 38% to ¥87.1 billion. Key figures include: - Revenue: ¥310.8 billion (approximately $2 billion, a 22.8% year-on-year increase) - Business profit: ¥87.1 billion (around $560 million, a 38.7% year-on-year increase) - Operating profit: ¥86.7 billion (approximately $557 million, a 45.5% year-on-year increase) In the Digital Entertainment segment, which encompasses Konami's video games business and accounts for nearly 74% of the company's total revenue: - Revenue: ¥228.8 billion (approximately $1.4 billion, a 32% year-on-year increase) - Business profit: ¥80.8 billion (around $519.7 million, a 44.6% year-on-year increase) The company's Digital Entertainment segment experienced significant success, driven largely by the Silent Hill 2 remake, which has sold over two million copies since its launch in October 2024. Additional revenue boosts came from the releases of Professional Baseball Spirits 2024-2025, eBaseball MLB Pro Spirit, and the latest installment of eFootball, which has seen over 800 million downloads worldwide across various platforms. Looking ahead, Konami is actively developing Metal Gear Solid Delta: Snake Eater and plans to continue producing new titles in the Silent Hill franchise, with updates to be shared through its Silent Hill Transmission showcase. Konami's Amusement segment also saw a modest 3.6% increase in revenue to ¥16.9 billion (approximately $108.7 million), with business profit rising 16.2% to ¥2.5 billion (around $16 million). As a result of these revenue and profit increases, Konami has revised its financial forecasts for the current fiscal year. The company has increased its expected full-year revenues from ¥380 billion (approximately $2.4 billion) to ¥412 billion (around $2.6 billion), representing a 14.3% increase. Business profit forecasts have risen 22.4% from ¥92.5 billion (approximately $595 billion) to ¥108 billion (around $694.6 billion), while operating profit forecasts have increased by 24.6% from ¥84.5 billion (approximately $543.5 billion) to ¥100 billion (around $643.8 billion).