Konami Just Had Its Most Profitable Year Ever, Thanks Mostly To Yu-Gi-Oh

Free-to-play games, the casino sector, and sports earned Konami record profits in the 2021 financial year.

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According to Konami's latest financial report for the year ending on March 31, the company recorded its most profitable year ever. The company saw a 10% increase in revenue for the financial year, more than doubling its operating profit to $580.1 million year-on-year. Business profit rose by 25.2% to $626 million and revenue was reported to be $2.3 billion, a 9.9% increase year-on-year.

The main driver for these record numbers was Konami's digital entertainment sector, specifically Yu-Gi-Oh! Master Duel. Based on the long-running anime and manga property centered around card games--sometimes on motorcycles--the free-to-play Yu-Gi-Oh! Master Duel was downloaded over 30 million times on PC, mobile, and consoles.

Combined with the rest of the digital entertainment sector, Konami generated $1.7 billion and profits of $595.9 million. Professional Baseball Spirits and eBaseball Powerful Pro Yakyu 2022 were also big hits for Konami in Japan, while its Amusements segment generated $152 million. In the Gaming & Systems side of Konami's business, revenue was up by 54% in a field that covers casino, pachinko, and arcade machines. Sports was also a big driver of profit, growing by 15.2% to make the company $327.6 million.

Konami didn't have any numbers to share for eFootball PES 2021 though, as the free-to-play PES replacement had a rough launch last year. Back in November Konami canceled the eFootball 2022 Premium Player Pack and offered refunds to people who already bought it, while also stating that it had been "working diligently" on new patches to bring the game quality back up to standard.

Other Japanese companies have reported solid financial years as well over the last few days. Capcom is predicting that the 2022-23 financial year will be its biggest yet, Sony has sold more than 19 million PS5 units so far, and Nintendo announced that lifetime Switch sales have now reached 107.65 million units as of March 31.

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ENI232

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Edited By ENI232

Switch will sell the most consoles of all after it's set and done. As far as Konami goes, they should rehire kojima to do another game in the mgs series.

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chriss_m

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Konami has always been doing great. It’s why no amount of pressure will convince them to go back into real games. They’re raking it in.

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Barighm

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Edited By Barighm

@chriss_m: Er...no. The pandemic hit them hard and they've already stated a renewed interest in gaming.

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Septimius_Magna

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Surprisingly, it is doing really great here in Japan thanks to merchandize licensing.
And the Konami Sports Clubs (Gyms) are really packed especially since Tokyo folks (Men and Women) has always frowned upon the idea of muscular fit bodies in favor of slim adolescent look

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chriss_m

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@septimius_magna said:

Surprisingly, it is doing really great here in Japan thanks to merchandize licensing.

And the Konami Sports Clubs (Gyms) are really packed especially since Tokyo folks (Men and Women) has always frowned upon the idea of muscular fit bodies in favor of slim adolescent look

I don’t understand what this means. Why would their preference for a slim aesthetic mean they’d be more likely to use the gym?

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Septimius_Magna

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@chriss_m: hey Chris

What I wanted to say is that there is a belief among young adults in Japan and Tokyo in particular that going to gym is going to turn them into muscular figures without any beautiful features that resembles that of the thin slim celebrities who’s looks are adored and followed by both men and women in Tokyo.

an increase in number of gym goers and especially among the same age group is surprising especially since most have a weird idea about gym that it will make them less attractive instead of just being slim like they were in high school.

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chriss_m

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@septimius_magna said:

@chriss_m: hey Chris

What I wanted to say is that there is a belief among young adults in Japan and Tokyo in particular that going to gym is going to turn them into muscular figures without any beautiful features that resembles that of the thin slim celebrities who’s looks are adored and followed by both men and women in Tokyo.

an increase in number of gym goers and especially among the same age group is surprising especially since most have a weird idea about gym that it will make them less attractive instead of just being slim like they were in high school.

I see, thanks.

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Septimius_Magna

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@chriss_m:

All good, mate.

Cheers and have a pleasant week ahead

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