Konami profits $51 million from social success

Publisher has problems living up to Metal Gear Solid: Peace Walker, sees steep decline in unit sales of traditional games offset by growth in free-to-play digital card games.

Konami posted its financial results for the April-June quarter today, showing increased sales and profits as gains in the social gaming sector managed to offset the lack of a new Metal Gear Solid title from the publisher.

Social games made up for the lack of Metal Gear in Konami's latest quarter.

The most notable figure coming from the company's first fiscal quarter was a steep drop in the number of games sold. During the April-June quarter of 2010--when Metal Gear Solid: Peace Walker debuted on the PSP--Konami sold 4.63 million games globally. However, the same quarter this year yielded just 2.76 million units sold, with most of the slide attributable to fewer sales in the Metal Gear and Pro Evolution Soccer franchises.

However, Konami's digital entertainment division still managed to post increased sales and profits for the quarter, thanks in large part to the success of its Japanese social games. The publisher cited mobile free-to-play digital card games Dragon Collection, Sengoku Collection, and Professional Baseball Dream Nine as some of its most steadily growing social franchises.

For the first fiscal quarter, Konami reported revenues up 3.3 percent year-over-year to ¥54.9 billion ($695 million). Meanwhile, the company's net income more than tripled to just over ¥4 billion ($51 million). For the full year ending March 31, 2012, Konami expects sales to be flat at ¥258 billion ($3.3 billion), with a net income up nearly 26 percent to ¥24 billion ($304 million). Its biggest releases for the remainder of the fiscal year include Metal Gear Solid: Snake Eater 3D for the 3DS, Pro Evolution Soccer 2012, NeverDead, and Silent Hill: Downpour.

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Discussion

31 comments
nate1222
nate1222

Stuff like the new MGS and Shinobi are gonna make me break down and get a freaking 3DS. Especially with the new $170 price tag.

dinslacck
dinslacck

yay! silent hill! wait, is it silent hill downpour or silent hill book of memories? nah.. i'll take both.. :)

beny_pimpster
beny_pimpster

Konami is like the top japanese gaming company right now.. capcom and square are getting bad sales hahahaa

Omega_Zero69
Omega_Zero69

cant wait for the collection to come out and rising

palmakoy
palmakoy

when rising comes out it'll be christmas for everybody

sexyweapons
sexyweapons

I have never played a metal gear solid game,and I REALY want to!

Serraph105
Serraph105

I can't wait for Peace Walker to come to the 360. I would have played it on my psp except that it broke on me.

steelmouth
steelmouth

@littleghostie agreed MGS4 for the x360 = winning

steelmouth
steelmouth

this is not good,this the type of thing that makes this de4velopers take this crappy social wanna be games seriously

littleghostie
littleghostie

Now if they just released MGS4 for the xbox it could be 50 million copies sold.

sirius237
sirius237

yeah whatever happened to suikoden??

SsangyongKYRON
SsangyongKYRON

It's always about MGS & PES... What about RPG fans?! I want a new Suikoden!!! not that I hate MGS or PES.

CptMarEmotO
CptMarEmotO

konami is great....can't wait for the next Metal Gear!!!!!!:-]!!!!!!!

Franzkill
Franzkill

A message from Tak Fuji: ''I am so glad that the public were SUCKED into contribuing to such great company as Konami. I LOVE YOU GUYS, ROCK AND ROLL!''

diegomode
diegomode

@terrascythe I'm not sure, but this games must be like Magic: The Gathering. You receive a start deck for free and you'll probably receive new cards at a certain time, but you can buy booster packs to create a better deck. I played a game on the web that worked this way.

DLobotomist
DLobotomist

if they have release Metal Gear Rising the number will be insane.... I want that game how come there are no recent news on it?

terrascythe
terrascythe

@Slim_Lyrics Yes, I'm confused. Konami offset quarterly losses by posting profits on free-to-play digital card games. How do free-to-play games generate revenue? I think the article needs to be revised, because some of those games are infact not free-to-play.

zoeyleft
zoeyleft

snake so is badass! owns both the game world and real world!

eric_neo3
eric_neo3

Konami the only video game dev yet to screw their customers. Thank god, and good luck with the rest of the financial year.

Septillize
Septillize

@pokecharm It just occured to me that the HD collection is a mouth-waterer for Rising, also since rising is on xbox, so is the HD version

pokecharm
pokecharm

as soon as the HD version of MGS comes out, this should turn around, and with the hype for Rising will only increase!

Slim_Lyrics
Slim_Lyrics

Was anyone else confused by the title of the article??