Konami 12 month net revenue slightly up on last year

Konami Corp reported consolidated net revenues of JPY218.1 billion for the 12 months of the financial year ended March 31, a slight increase from JPY217.5 billion during the same period the year before.

The company’s gaming and systems division revenue increased 7 percent to JPY33.8 billion, though its consolidated operating income fell 13.6 percent year-on-year to JPY6.3 billion. 

“Income of this segment for the fiscal year ended March 31, 2015, however, decreased mainly due to advance investments in the North American market, including increases in product approval fees and personnel expenses for product development and maintenance resulting from expansion of the product lineup and enhancement of the services,” the company said in its report.

Konami’s pachislot and pachinko division increased its revenue 153.8 percent to JPY 14.6 billion, while its consolidated operating income amounted to JPY322 million, compared with a consolidated operating loss of JPY1.9 billion the year before. 

“Although it is expected that the pachislot and pachinko machine market may continue to face challenging conditions due to a decrease in the number of customers and strengthening of the self-restrictions promulgated by pachislot and pachinko machine manufacturers’ unions and other factors, we intend to ensure the profitability of the business…”

The company added that the business environment surrounding it showed signs of slow recovery, including rises in stock prices and improvement in a segment of corporate earnings in Japan.

“On the one hand, the economic environment remained uncertain, as shown in signs such as a slowdown in personal consumption after the hike in the Japanese consumption tax and rising prices accompanied by a weakening yen. In terms of the global economy, the economic environment for growth remained uncertain.”