Konami reveals net decrease in financial results

Konami has published its financial results for the fiscal year ending on March 31, 2013, and highlights that it experienced a net decrease in revenue.

According to the report, the company has suffered a 15 percent decrease in net revenue and a 42.8 percent decrease in net income year-over-year. Its Digital Entertainment business section--which manages the video games division--experienced a 17.1 percent decrease in net revenue year-over-year. Notable properties that were highlighted include the Dragon Collection, Pro Evolution Soccer/Winning Eleven, and Metal Gear series.

Konami stated that it may get out of its downturn because of the depreciation of the yen and the rise of stock prices. It also plans to diversify out to the smartphone and tablet market to reach more consumers. The company also stated that it will promote the Metal Gear series at this year's E3 2013, most likely showcasing more information on Metal Gear V.

Previously, Konami saw a 77.9 percent increase in net income and a 3 percent increase in year-over-year net revenue in the fiscal year period ending March 31, 2012. For more information, check out the full report here.