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HomeNewsJapanKonami reports 23.7% drop in 1H24 gaming segment profit

Konami reports 23.7% drop in 1H24 gaming segment profit

Konami Group has announced that profit from its gaming segment fell by 23.7 percent compared to the previous year, totaling JPY2.38 billion ($16 million) for the six months ending September 30th.

In a statement released on Thursday, the group reported revenue of JPY18.60 billion ($122 million) for its gaming and systems division, which includes casino equipment. This represents a decline of 2.6 percent from the same period last year.

The company attributed this downturn to a normalization in market demand during the period, contrasting with the previous year when sales spiked as the Asian market rebounded from the impacts of COVID-19.

According to Konami, the North American and the Australian markets remained “robust’. ‘The markets continue to experience the constant introduction of new products by competing slot machine manufacturers providing for new placement opportunities.’

dimension-49j, Konami Gaming-
DIMENSION 49J by Konami Gaming

The Dimension 49 and Dimension 27 cabinets were highlighted as key drivers of slot machine sales during this period, with the Dimension 43×3 also showing steady growth in unit sales.

The company reported an expansion in the placement of cabinets, such as the Dimension 49J, particularly for revenue-sharing activities. Additionally, Konami’s casino management system, Synkros, has been installed in multiple large-scale casino facilities across the United States.

In the future, Konami Group acknowledged that its competitors are introducing new products, necessitating enhanced product appeal. The company plans to bolster its brand value by developing new game titles and system features while further expanding its range of Dimension cabinets and increasing sales of existing games.

In addition to its gaming segment, Konami Group is active in the Japan-focused pachinko games market, as well as in digital entertainment, including video and mobile games, and sports. 

Overall, the group reported a 19.7 percent year-on-year increase in revenue, reaching JPY184.08 billion ($1.21 billion) for the six months ending September 30th.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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