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Games drive Konami growth

By Emma Boyes, GameSpot UKPosted Jul 31, 2007 4:04 am PT

Latest set of financials from the company reveal its Digital Entertainment division sales up 5.2 percent, operating income up 16.8 percent.

Tokyo-based Konami has revealed its latest set of figures for its fiscal first quarter, which ended June 30.

Consolidated net revenues increased in all three of the company's sections, and the Digital Entertainment division (which includes games) led the way, with growth in this area attributed to "brisk sales."

Total net revenues clocked in at 60.7 billion yen (approx $509 million), a 5.2 percent increase over the previous year. Consolidated operating income was up 16.8 percent to 7 billion yen ($59 million) over Q1 last year, with the increase in operating income from the Digital Entertainment sector given as the main factor.

Net income was also up a whopping 82.2 percent from last year's Q1 figures, to 3.9 billion yen ($33 million).

The Digital Entertainment sector of the company enjoyed an 8.6 percent increase over the first quarter of last year, and net revenues totalled 34.8 billion yen ($292 million).

In Konami's domestic Japanese market, baseball titles were a big hit, including Puroyakyu Spirits 4 and Jikkyou Pawafuru Puroyakyu Portable 2, both of which recorded strong sales. Konami titles that sold well overseas include the Pro Evolution Soccer series in Europe, as well as Eledees/Elebits and Metal Gear Solid Portable Ops.

Amusement machine product sales "remained steady," and titles that were doing well included Mah-Jong Fight Club 6, Pop'n Music 15 Adventure, and Euroqueen, the seventh instalment of Galaxyworld.

In April 2007, the company launched an online game called Busou Shinki Battle Rondo--based on the Busou Shinki action-figures series--along with a virtual aquarium called Aquanaut: Online Aquarium.

Konami also continued to expand its health and fitness arm, and the company opened seven new health facilities. It also launched two new health gadgets at the Health & Fitness Japan 2007 trade fair: the Shin Aerobike, which calculates what amount of exercise is right for the user, and Grove Motion DDR, a "digital studio program."

126 Comments

  • jacob-goodlich

    Posted Aug 1, 2007 4:30 am PT

    good going, im relly looking foward to MGS 4......also MGS 3 was good

  • Chaudzff

    Posted Aug 1, 2007 2:49 am PT

    This is happening to most digital entertainment companies.
    But Konami has done well so hats off to them, they've released what the Japanese wanted and made it good.

  • kavadias1981

    Posted Aug 1, 2007 12:35 am PT

    Konami is a great example of how succesful the Japanese games is. I love your games Konami. Keep 'em comin'!

  • mokyumokyu_01

    Posted Jul 31, 2007 11:41 pm PT

    Why that there was no announcement in Konami 's Metal Gear 20th Anniversary event in Japan. 360 users are desperate. Woops! buy PS3 if you want to play MGS. "Triple_H90" will escape later about Tokyo Game Show.

  • BXSENTINEL

    Posted Jul 31, 2007 7:13 pm PT

    yeah gpt tired of being the good guy. to be honest beleave it or not i have the ps3 so im just trying to have some fun lol........ although it is getting annoying with having to buy all these systems. i keep saying im gonna quit buying new consoles and low and behold i get hooked again.... lol

  • Mordred19

    Posted Jul 31, 2007 7:05 pm PT

    well this article was pointing out Konami's positive financial situation. why should an issue of financial loss over MGS4 be relevent here? this is only pointing in the favorable direction of PS3 exclusivity. it's not like everything at konami is riding on sales of MGS4. also, I thank you for reffering back to me with capital letters. are you doing a supervillian impression? I like the drama. :p

  • BXSENTINEL

    Posted Jul 31, 2007 6:00 pm PT

    no i dont have to justify myself not to you .not anyone. that will be the day lol.... maybe its you who needs to justfy yourself. cause you speak as if you know mr kojima himself, and unless you got some absolute inside info you need to watch what your saying...... MORDRED 19!

  • Mordred19

    Posted Jul 31, 2007 5:26 pm PT

    bxentinel, don't be like the ignorant folk who throw the word "truth" around like it's a weapon. "truth-this, and truth-that. I justify myself if I say 'truth' enough times"

  • the-very-best

    Posted Jul 31, 2007 5:14 pm PT

    Can't wait for MGSIV in early 2008!

  • EmptySki

    Posted Jul 31, 2007 4:55 pm PT

    bring on mgs4 and silent hill 5! woot!
    and the new contra for DS.
    konami is rolling =D

  • red_x2004

    Posted Jul 31, 2007 4:54 pm PT

    Konami never fails to deliver great titles to its name,and with MGS 4 on the way its pretty clear that Konami is doing a great job in sustaining there economical side.

  • BXSENTINEL

    Posted Jul 31, 2007 4:53 pm PT

    oh and marcus blu ray dosent mean a thing until you have numbers. you speak as if mgs4 is gonna fill every bit of the game. until you tech specs you should pass judgement!

  • thewolf619

    Posted Jul 31, 2007 4:51 pm PT

    It has a pseudo release date, March 2008

  • BXSENTINEL

    Posted Jul 31, 2007 4:50 pm PT

    people in this business say exclusive this and that but we all know exclusive isnt what it use to be. so dont beleve everything you read dmfreak!

  • Tnasty11

    Posted Jul 31, 2007 4:31 pm PT

    sja28 MGS4 don't have a release date

  • legandary_ACE

    Posted Jul 31, 2007 4:31 pm PT

    well said dmfreak

  • MarcusMuchgame

    Posted Jul 31, 2007 4:28 pm PT

    dmfreak ,

    You said it like it was meant 2 be said. Take care and i will see u online.Or at a Burger king or something?LOL

    Just repeat that comment and I'll know its you.

  • dmfreak

    Posted Jul 31, 2007 4:24 pm PT

    ok i'm sick and tired of this "360 MGS4" crud. although i forgot the link of this news i saw weeks ago, THE VP OF MICROSOFT HIMSELF ALSO CONFIRMED THAT THERE WILL BE NO MGS4 FOR THE 360 EVER. i'm not talking like a sony fanboy, honest, but please enough with that trashy talking 360 fanboys. and besides, are you gonna buy a 360 MGS4 which spans 4 dual layer dvd's? man it's like playing final fantasy 8. if you really want MGS4, just save some money and go buy a PS3 that's all.

  • BXSENTINEL

    Posted Jul 31, 2007 4:23 pm PT

    not sure where you heard that from tnasty lol

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