Japanese publisher Konami today announced its first-half fiscal results for the period ended September 30. Total sales came in at 113.9 billion yen (down 22%) while net income fell 81.3% to 2.23 billion yen. Looking at its overall business, Konami blamed the environment and the strength of the yen against foreign currencies.
"The business environment surrounding Konami Corporation and its subsidiaries was harsh despite showing signs of some recovery from the economic slowdown that began last year. This was mainly due to continued uncertainty caused by factors such as the impact of the appreciation of the yen and a decline in consumer spending," the company stated.
The Digital Entertainment segment, which is home to the console gaming business, experienced a 44.7% sales decline. Although "a diverse lineup of products was released in Japan," North America and Europe did not have any major releases. Konami said that sales were strong for both the DanceDanceRevolution series (known as DancingStage in Europe) and the Pro Evolution Soccer series.
Konami is maintaining its full-year fiscal outlook for net revenues of 310 billion yen and net income 16 billion yen.
Reader Comments (1)
Whoa, this sucks, Konami hasn't really published to many games as of lately. THey are behind Gran Tarismos right? hmm. I hope they pick it up on the sales. Id hate this company to go backrupt. [URL="http://www.blogtoilet.com/category/random/"]Two Voices[/URL] [URL="http://www.blogtoilet.com"]Blog Crazy[/URL]