Konami reports steady revenue and increased profits

The gaming division of Japan-based Konami Corp reported steady revenue compared to that of the previous year, but saw its profit surged by 28.4 per cent. Konami’s gaming division a revenue of $113.1 million this year, which marked just an increase of 1.2 per cent year on year. But the company earned a profit of $14.07 million.

According to a company press release, “The gaming market is continuing to see growth with the worldwide development and opening of new casino facilities and integrated resorts which include casinos…Furthermore, measures to revitalise the industry were implemented mainly targeting young people, including the introduction of slot machines designed to reflect players’ skill levels.”

During the period, Konami was able to expand the distribution of Concerto, its video slot product line, across Oceania, Asia and North America. Concerto includes the curved-screen cabinet Concerto Crescent and the tall-screen cabinet Concerto Stack.

The company indicated in the release that it would continue to market Fortune Cup, a horserace betting station that includes a model track, which builds on Konami’s “expertise and technology accumulated through Konami group’s amusement machines.”

It further stated, “We continue to make efforts to enhance our sales focusing on the Concerto series, a key product in our video slot machine series, as well as to enhance product range, including introduction of the latest cabinet, Concerto Opus, which features a large, 65-inch display, and a new upright cabinet, KX 43.”

Source: CalvinAyre