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Konami report fifth year of profit growth and record results

Published: 17:49, 09 May 2019
Konami
Philippe Coutinho is preparing to take a corner kick in PES 2019
PES 2019

Konami have announced financial results for the fiscal year ended with 31 March 2019, and the company's got every reason to be celebrating, having scored their fifth year of profit growth, and the second year of record operating profit too.

Konami said their success comes from mobile and esports, with special mentions of Yu-Gi-Oh! Duel Links and, of course, Pro Evolution Soccer, which to this day remains as the only alternative to EA's FIFA, and obviously - quite a successful one at that.

As for the result, Konami reported $2.37 billion in revenue, which is 9.6 per cent up from the year before.

Operating profit hit $456 million, which is 11.8 per cent on-year growth and the second consecutive year this metric is hitting record numbers for Konami.

The company's gaming business is listed under Digital Entertainment, and, as you can see, the segment was the most lucrative for Konami. It generated $1.28 billion, which is an increase of 17,8 per cent compared to the year before.

Gaming and Systems segment grew by 5.2 per cent on-year, and it seems the sports department is the only one to record a loss, by 3.8 per cent.

"In the entertainment market, future development of game contents is expected through the functional enhancement of various devices, including mobile devices and video game consoles, and the standardization of next-generation communication systems", the company wrote.

Konami revealed that Yu-Gi-Oh Duel Links has exceeded 90 million downloads so far. The game launched worldwide in January 2017 for iOS and Android devices, but eventually found its way to the PC too.

Also highlighted was the "favourable performance" of Pro Evolution Soccer 2019's online mode myClub, and Konami is obviously not too phased by the situation in Belgium.

Just to jog your memory, Konami are one of many companies that had to remove premium loot boxes and, in this case, myClub coins in Belgium.

Konami Konami's FY2019 report Konami

Naturally, a good chunk of Konami's business comes from the domestic market and games like Professional Baseball Spirits A and Jikkyou Pawafuru Puroyakyu.

 

PES 2019 / Pro Evolution Soccer 2019 sports game by Konami

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