×
You will be redirected back to your article in seconds

Konami Reports Most Profitable Year Yet at Over $2 Billion, Mum on ‘Metal Gear Survive’

Konami reported a record-breaking increase in profits for the past fiscal year, leading to their most successful year yet, in an earnings report released Thursday.

For the fiscal year that ended March 31, 2018, Konami reported overall revenue of ¥239,497 million yen ($2.19 billion USD), an increase of 4.2% from the past fiscal year. Of the revenue generated over the past year, ¥120,250 million ($1.1 billion USD) is from what Konami classifies as digital entertainment: mobile games, card games, and computer/video games.

Even factoring in operating costs of Konami Holdings Corporation, the company made a profit of ¥45,181 million yen ($413 million USD), an increase of 24.3% from the previous year.

In the report, Konami credits the popularity of “Pro Evolution Soccer: 2018” in North American markets for the increase in earnings this year. “Yu-Gi-Oh! Duel Links,” the mobile game version of the trading card game, notably “surpassed 65 million downloads worldwide.” Konami’s report briefly mentions the release of “Metal Gear Survive,” but doesn’t linger on it.

Konami also put an increased focus this past year on markets other than consumer, console game titles.

“In the game industry, efforts are accelerating to offer new experiences through game content in various ways, including eSports, which are regarded as a form of sports competition and are attracting more and more attention,” states Konami’s financial report.

Much of the company’s success could be attributed toward its focus on the mobile game market. According to marketing intelligence firm Newzoo, Konami “now earns more than four times as much on mobile than it does on console with titles such as ‘Yu-Gi-Oh! Duel Links.’”

Looking ahead, the report states that fans have the “Yu-Gi-Oh! World Championship 2018” to look forward to in August 2018, and will host the final match for the eSports Global Championship for “PES:2018” later this summer. The report also notes the upcoming release of “Super Bomberman R” for PlayStation 4, Xbox One, and PC.

More Gaming

  • Bioware Maps Out The Next Three

    Bioware Maps Out The Next Three Months of 'Anthem' following Launch

    BioWare has detailed the next 90 days of content updates and events scheduled to be introduced to the recently launched “Anthem”. The roadmap is broken down by months, starting with the February launch of “Anthem” which will see the addition of three freeplay events – Outlaw Outrage, There be Giants, and Shaper Surge. In March, [...]

  • EA Australia's Firemonkeys Suffers Layoffs, Takes

    EA Australia Studio Firemonkeys Suffers Layoffs, Takes Over 'Sims Mobile'

    Electronic Arts Australia developer Firemonkeys has been hit by layoffs following a decision by the publisher to reorganize staff to focus on live services, an EA spokesperson tells Variety. Firemonkeys will now be taking over the development of “The Sims Mobile” from the Maxis Mobile team. “The FireMonkeys studio is working on some of our [...]

  • Google Reportedly Unveiling Project Yeti Streaming

    Google Reportedly Unveiling Project Yeti Streaming Hardware At GDC 2019

    Google is hosting a keynote at the upcoming Game Developers Conference in San Francisco on March 19, and rumors are swirling around what it could entail. 9to5Google reports that, according to a source familiar with the event, it could very well feature Google’s upcoming Project Stream service as well as the Project Yeti hardware meant [...]

  • Microsoft Prepping Game Pass for Nintendo

    Microsoft Prepping Game Pass for Nintendo Switch (Report)

    Microsoft and Nintendo are working together to bring Xbox titles the Nintendo Switch, according to Direct-Feed Games via Game Informer. The arguably most exciting rumor is that Microsoft-exclusive “Ori and the Blind Forest” will be published on the Nintendo Switch, though there are more titles supposedly coming to the device in the future via Game [...]

  • EA Denies That it Demanded Takedown

    EA Denies That It Demanded Takedown of Negative 'Anthem' Review

    YouTuber Gggmanlives says Electronic Arts paid him to review “Anthem” and subsequently “blacklisted” him for the negative review, which the company denied in a statement to Variety on Friday. EA denies that the takedown request was due to the negative review, but says it was instead in response to the video not meeting its disclosure [...]

  • New England Patriots owner Robert Kraft

    Patriots, 'Overwatch' League Team Owner Robert Kraft Charged in Human Trafficking Case

    Robert Kraft, owner of the New England Patriots and Overwatch League team Boston Uprising, is one of more than two dozen charged Friday with soliciting prostitutes in connection with a sweeping nearly year-long investigation into human trafficking across South Florida, police said. Kraft, 77, faces two counts of soliciting another to commit prostitution according to [...]

  • Avalanche Studios' Co-Founder Departing in April

    Avalanche Studios' Co-Founder Departing in April

    Cristofer Sundberg, co-founder of Avalanche studios, announced his upcoming departure from the company via Twitter on Thursday. Sundberg, the chief creative officer, will leave in April, after 16 years. He originally founded the studio alongside Linus Blomberg, the chief technical officer of Avalanche. Sundberg will leave behind a studio which created the notable “Just Cause” [...]

More From Our Brands

Access exclusive content