Konami ends fiscal year with decreased income and video game sales

Konami has released its financial report for fiscal year 2014, which ended March 31. The company’s overall net income for 2014 was 6.2 billion yen ($60.9 million), down from 13.2 billion yen in 2013. Net revenue also dipped, though not as much: 217.6 billion yen ($2.1 billion) in 2014, down from 226 billion yen in 2013. The company’s Gaming And Systems business segment was the only division to improve its operating income, but before you get your hopes up, know that this section of Konami actually handles casino games. 

Konami Corporation released its financial results today for the fiscal year ending March 31, 2014, revealing operating income of 10.3 billion yen ($106 million) and a 37 percent decrease in video game sales at 10.8 million units. Konami posted 217.6 billion yen ($2.13 billion) in net revenue and 6.2 billion yen ($60 million) in net income. The company’s forecast expects a year-over-year 2.7 percent increase in net revenues, a 1.1 percent increase in net income and 16.5 percent operating income for the fiscal year ending March 31, 2015. Konami’s Digital Entertainment business section recorded net revenues of 104.3 billion yen ($1.02 billion) and operating income of 11.7 billion yen ($114 million). The company’s soccer titles brought in 3.89 million units for the year, while Metal Gear titles hit 3.37 million units. PlayStation 3 titles contributed to 49 percent of sales, PlayStation 4 at 8 percent and Xbox One at 3 percent.

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Written by Lorie Wimble

Lorie is the "Liberal Voice" of Conservative Haven, a political blog, and has 2 astounding children. Find her on Twitter.

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