Konami reports year-over-year losses, strength in social games
Konami has released details of its financial performance in the fiscal year ending March 31, 2013, reporting sizable year-on-year losses in its digital entertainment and pachinko divisions but growth in its social gaming sector.
Company product sales and service revenue for the year amounted to ¥226 billion ($2.4B), down 15 percent from its earnings of ¥266 billion last year. Net income sank to ¥13.2 billion ($140M), a decrease of 42.8% compared to last year's reported income of ¥23 billion.
Konami saw its largest losses in the pachinko sector, in which revenue fell more than 70 percent compared to last year. The company's Digital Entertainment division reported a loss of 17.1 percent in year-on-year revenue, though solid worldwide performances for titles like Pro Evolution Soccer 2013 and Metal Gear Rising: Revengeance boosted earnings.
Konami's finances are buoyed by the success of Metal Gear Solid Social Ops and another popular online game, Dragon Collection, which it operates in partnership with Japanese social networking service GREE. Konami's social games currently boast more than 35 million registered users worldwide.
