NeoGAFs Kent Brockman
Today Konami announced its financial results for the full fiscal year between April 2022 and March 2023, and they are a mixed bag.
Today Konami announced its financial results for the full fiscal year between April 2022 and March 2023.
Total revenue was 314,321 million yen, up 4.9% year-on-year, while business profit was 56,611 million yen, down 29.5% year-on-year. It's worth mentioning that revenue is defined as "record-high" in the official documentation mostly due to the recovery of the Gaming & Systems business from the slump caused by the pandemic and the weak yen. Keep in mind that, despite the name, the Gaming & Systems business is related to pachinko, pachislot, and other casino machines.
On the other hand, development and promotion costs on top of the energy prices have negatively impacted profit for the fiscal year.
Looking at the Digital entertainment business, which includes video games and the Yu-Gi-Oh! TGC, revenue was 213,432 million yen (down 0.7% year-on-year), while business profit was 53,009 million yen (down 30.6% year-on-year).
We hear that Teenage Mutant Ninja Turtles: The Cowabunga Collection performed "strongly" especially in Europe and America. Furthermore, eFootball 2023 passed 600 million downloads.
Speaking of the outlook for the current fiscal year, Konami expects revenue to be 328,000 million yen and business profit to be 63,000 million, both up year-on-year. For the Digital Entertainment business, the expectation is 216,000 million yen in revenue and 55,500 million yen in business profit. Both figures would mark an improvement year-on-year if achieved.