|Konami sees 77% jump in profits in last 9 months|
|Posted: 04.02.2012 17:19 by JonahFalcon||Comments: 0|
Konami has reported that it's seen a jump of 77.3% year-to-year increase in profits from a 9 month period, thanks to its involvement in digital publishing and social networking games.
The Japanese publisher reported its net income for the April-December 2011 period was ¥17.05 billion ($224 million), with sales of ¥194.5 billion ($2.55 billion).
In the company's nine-month earnings report, it was revealed that digital entertainment nearly doubled its income contribution to ¥24.3 billion ($319 million) on sales of ¥99.5 billion ($1.31 billion).
Social networking games represented a large chunk of that income, with revenues from that label rising from ¥9.7 billion ($127 million) during the first nine months of 2010 to ¥26.5 billion ($348 million) during the same period in 2011. Konami paid special recognition to Dragon Collection and Sengoku Collection, which shared 15 million active players.
Traditional consumer games, however, fell from ¥52.5 billion ($689 million) to ¥35.4 million ($465 million) from April-December 2010 to April-December 2011.
Pro Evolution Soccer 2012 sold 5.43 million units from April-December. The stalwart Metal Gear franchise sold 1.21 million units during the same period. This was followed by its baseball and music games at 1.16 million and 1.14 million units, respectively, which include the popular Japanese baseball title Pro Baseball Spirits and Dance Dance Revolution brands.
Konami's future forecast is equally bright. The publisher now expects revenues to reach ¥265 billion ($3.48 billion) for the fiscal year ending March 31, 2012, with net income enjoying a 70 percent rise over its previous fiscal year, with a total of ¥22 billion ($289 million).