Konami H1 2018 Financial Results – Gaming for Growth
https://wccftech.com/konami-h1-2018-financial-results-gaming-growth/
From a ‘gamers’ perspective, Konami TYO:9766 5,870.00 6.73% are a rotten apple. A host of controversies and bad practices effectively left the company dead in the collective consciousness of the core gaming audience. Titles like Silent Hills were cancelled. Core franchises like Silent Hill, Castlevania and Metal Gear Solid were turned into Pachinko machines. In all, it was a bad few years as the company seemingly retreated from the core market.
Even financially the company saw a retreat in revenue. In the year ending March 31, 2016 Konami generated ¥250 billion. The following year saw a year on year drop of ¥20bn, to ¥230bn. The bulk of this came from digital entertainment (video games) which fell from ¥115 to ¥105bn. Fortunately, this appears to be turning around according to the earnings release revealed yesterday.