Games drive Konami growth
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."
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