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Konami Set To Have Much Worse Financial Year Than Anticipated

IbizaPocholo

NeoGAFs Kent Brockman

Konami has released a revised financial forecast for the financial year ending March 2023 to its shareholders. The document revealed that Konami expects to have an operating profit of just over half of what was originally forecasted.

Konami predicted in May 2022 that the company would have an operating profit of 76,500 billion yen ($600 million~) but has revised its forecast to say the company expects to now make 42,500 billion yen ($330 million~) in operating profit for the fiscal year. This is a 44.4% reduction in forecasted operating profit.

Konami did not provide robust reasoning for the reduction, simply saying it is due to “factors including revision of the profit plan for some titles in the Digital Entertainment business.”

The Japanese entertainment company has provided very sparse offerings this year. Konami’s biggest release this year was eFootball 2023, the rebranded Pro Evolution Soccer. The latest instalment of Konami’s football simulation game hasn’t experienced significant success. When compared to the game’s biggest competitor FIFA 23, it’s not much of a contest. If you compare the two games on their active player bases, FIFA has ten times more players than eFootball on Steam.
 

Jennings

Member
I loved Konami games while growing up. Frogger, Track & Field, Q-Bert, Gyruss, Gradius, Contra, Teenage Mutant Ninja Turtles. Hopefully they can turn it around this year. Maybe one day they can get back to basics and make good games.
 

ZoukGalaxy

Member
What ? Pachinko are not working anymore ?

Happy Fun GIF by Apple TV+


Also, why all previous posts are using the word "fuck", Konami changed its name ?
 
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nush

Gold Member
Konami did not provide robust reasoning for the reduction

Don't they still majorly focus on Gambling machines and said fuck videogames? Then covid happened and people are not going to the casinos as much but sure as fuck would have been sitting at home playing videogames...

With regards to their legacy IP their retro collections have been on point. Now they need to put out a shump collection of games that never had a home port and a Parodius collection, probably Track and Field as well.
 
Sony should buy them as we would get AAA games based on its IPs, and Konami stuff might help out the Playstation brand in Japan. Konami is worth about 6 billion so it would likely cost Sony about how much Microsoft paid for Bethesda. I am still convinced we are getting some kind of Metal Gear remake from Sony will modern AAA graphics.
 
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Sub_Level

wants to fuck an Asian grill.
The reduced profits are probably exactly because they ramped videogame production back up. It takes years to realize revenue from such projects but expenses are immediate.

I would expect more collections like Suikoden to pop up in the coming years. And a new Metal Gear is a given.
 

hemo memo

Gold Member
Well, that’s what happen when you cheap out on the only IP that made you relevant. You should’ve locked up Kojima and throw as much money at him as possible. You should’ve funded Death Stranding. You should’ve invested more in games and less in Pachinko.
 
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hemo memo

Gold Member
Sony should buy them as we would get AAA games based on its IPs, and Konami stuff might help out the Playstation brand in Japan. Konami is worth about 6 billion so it would likely cost Sony about how much Microsoft paid for Bethesda. I am still convinced we are getting some kind of Metal Gear remake from Sony will modern AAA graphics.
Nah just buy Metal Gear and Silent Hill. The rest is useless. Both IPs can benefit Sony not only in games but movie. The talented studios at Sony would put those IPs to good use.
 

lyan

Member
Don't they still majorly focus on Gambling machines and said fuck videogames? Then covid happened and people are not going to the casinos as much but sure as fuck would have been sitting at home playing videogames...

With regards to their legacy IP their retro collections have been on point. Now they need to put out a shump collection of games that never had a home port and a Parodius collection, probably Track and Field as well.
That's just internet memes, for years their main focus have been mobile games and yugioh.
 
Sony should buy them as we would get AAA games based on its IPs, and Konami stuff might help out the Playstation brand in Japan. Konami is worth about 6 billion so it would likely cost Sony about how much Microsoft paid for Bethesda. I am still convinced we are getting some kind of Metal Gear remake from Sony will modern AAA graphics.

First, they're worth 7 billion and declining.

Metal Gear, Silent Hill, Castlevania.... aren't worth 7 billion dollars.

Buy a company with no AAA development studios and IP that are more or less worthless...

If I'm Sony I'm interested in licensing the IP but not buying the company.
 

fart town usa

Gold Member
I wish Konami would just make smaller 2D games. Ease back into development and keep the budgets small. Just give us new Castlevania and Contra games. People would be happy. Not everything needs to be se massive AAA tent pole production
 

NeptuneCL

Member
Bring back your old and beloved IPs, and you have plenty of them: Contra, Goemon, Metal Gear, Castlevania, Bomberman, Suikoden, etc, etc, etc. You fucks!
 

Lunarorbit

Member
Silent hill and metal gear should help out for this next financial year.

I'm just waiting for the bloodborne like castlevania game to eventually get announced. It'll happen eventually, I swear!
 

TGO

Hype Train conductor. Works harder than it steams.
They've been dormant for so long obviously they're gonna lose a shit load of money rebooting there gaming division.
This was expected, you fucks
 
LICENCE YOUR SHIT TO OTHERS YOU FUCKS

Konami made my favourite non-Nintendo stuff. Castlevania, Metal Gear, Silent Hill, Suikoden, the Tiny Toons games, Sparkster, Turtles NES (which I got with my NEE when I was 5, along with Duck Hunt and Super Mario Bros)…

Why did it end up like this, man? Why?
Yes, things are slowly improving, but I’m waiting on them doing something dumb with the SH2 remake (even dumber than having Bloober make it, I mean). Hopefully we will get some kind of MGS reveal soon, too.
 
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