Japanese gaming giant Konami reported a 4.9% increase in consolidated revenues to JPY314.3 billion (US$2.34 billion) for the three months to 31 March 2023, aided by a significant improvement from its Gaming & Systems segment.
According to details published Thursday, Konami’s Gaming & Systems segment booked a 50.5% year-on-year increase in revenues to KRW38.6 billion (US$287 million), with segment profit up 47.9% to JPY5.17 billion (US$38.4 million).
The company explained that the North American market and Australian market have “regained their pre- COVID-19 energy”, while other regions are also moving toward recovery.
It also cited strong performance from its DIMENSION series of cabinets in its key North American and Australian markets, supported by games such as “All Aboard”, “Fortune Mint” and “Ocean Spin”, and from the addition of functionality to its systems – particularly around cashless gaming.
“Despite the impact of soaring component costs caused by global supply chain disruptions, profitability has recovered due to various cost reduction initiatives,” it added.
Konami booked an 8.4% year-on-year increase in revenues from its Sports segment, comprising various health and sporting facilities across Japan, to JPY45.5 billion (US$338 million), while both the Digital Entertainment and Amusements segments remained flat at JPY213.4 billion (US$1.59 billion) and JPY19.5 billion (US$145 million) respectively.
Group-wide profit attributable to owners of the parent fell by 36.3% year-on-year to JPY34.9 billion (US$259 million).
RelatedPosts
