All data are based on the daily closing price as of September 16, 2024

Konami Reports Record First-Quarter Earnings Fueled by Strong Game Sales

Strong digital entertainment and amusement business drive profit growth amid rising costs
Japan
k 9766.TSE Mid and Small Cap 2000 Games 75 Tech 350 Entertainment 100
Share this on

Konami Group has reported a record-breaking first quarter for the fiscal year ending March 2025, with consolidated sales reaching 90.039 billion yen (US$630 million), a 24% increase from the previous year. Business profit surged by 46.6% to 25.149 billion yen (US$176 million), while net profit rose 43.3% to 19.16 billion yen (US$134 million), marking the highest sales and profits the company has ever recorded for this period.

The digital entertainment sector led the charge with sales of 64.22 billion yen (US$449 million), up 33.4% year-on-year, driven by successful titles like “eFootball 2024” and “Momotaro Dentetsu.” The company is also looking to capitalize on upcoming releases, including “Powerful Pro Baseball 2024-2025” and a highly anticipated remake of “SILENT HILL 2.”

Despite the overall strong performance, the gaming and systems business saw a 3% decline in sales, with operating profit dropping by 35.2%. The sports business also faced challenges, with operating profit decreasing by 66.4%, largely due to rising operational costs and high energy prices.

Looking forward, Konami anticipates continued growth, projecting sales of 380 billion yen (US$2.66 billion) for the fiscal year, up 5.5% from the previous year. However, the company remains cautious about the impact of inflation and energy costs on its profit margins.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top