Konami Maintains Steady Performance in Q1 Despite Decline in Game Sales

Konami recently released its financial report for the quarter ending June 30, 2023, revealing that the company's revenue is on par with last year's, while its gaming segment saw a decrease. Key financial highlights include: - Revenue: ¥72.6 billion ($510 million), representing a 1% year-over-year increase - Business profit: ¥17.2 billion ($121 million), up 21.7% year-over-year - Digital entertainment revenue: ¥48.1 billion ($338 million), down 5.3% from the previous year Following a largely flat fiscal year 2023 for its Digital Entertainment segment, Konami has yet to reverse this trend. However, the company noted that eFootball 2023 continued to perform well, and while overall revenue in its gaming segment decreased, business profit for the category increased by 13% to ¥15.1 billion ($106 million). Konami's Gaming & Systems segment performed strongly during Q1 FY2024, with revenue rising 29.9% year-over-year to ¥10 billion ($70 million). Looking ahead, Konami highlighted the upcoming launch of Metal Gear Solid: Master Collection Volume 1, scheduled for October, and the development of Metal Gear Solid Delta: Snake Eater, announced at the PlayStation Showcase 2023. The Metal Gear series has now surpassed 60 million sales across all titles, according to a report by VGChartz. For the fiscal year ending March 2024, Konami forecasts revenue of ¥328 billion ($2.3 billion), representing a 4.4% increase over the previous fiscal year.