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Revenue up, profit down for Konami’s gaming segment in Q2

Newsdesk by Newsdesk
Fri 5 Aug 2022 at 06:19
Konami reveals strong growth for Gaming and Systems segment despite group-wide declines in 1H20
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Japan’s Konami Group has reported a 5.2% increase in revenue to JPY 71.9 billion (US$540.5 million) in the three months to 30 June 2022, although profit attributable to owners of the parent dipped by 16.3% to JPY 11.4 billion (US$85.7 million) due to rising costs emanating from global supply chain disruptions.

The group results reflected the performance of Konami’s Gaming & Systems segment, where revenue grew 22.2% year-on-year to JPY 7.70 billion (US$57.9 million), only for profit to decline 10.1% to JPY 823 million (US$6.2 million).

“Global supply chain disruptions are resulting in issues such as rising parts costs and delivery delays of parts and materials,” the company said.

However, it noted strong recovery in its North American and Australian markets with rising sales of its Dimension49 cabinet and its Fortune Mint and All Aboard game series.

Looking ahead, Konami said it has also received substantial orders for the current quarter and beyond.

“In our casino management system business, in addition to new installations of Synkros to casino facilities in North America, we will continue to develop and sell products tailored to customers’ needs, including the expansion of Synkbox Light – low-priced hardware that is equipped with only basic functions and intended for smaller casino facilities and cruise ships.”

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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