Published
Land-BasedCasinoFinancial

Konami's gaming revenue up but profit suffers sharp fall

Konami’s Gaming & Systems segment saw revenue grow 7% year-on-year to ¥6.83bn ($64m) for Q1 of its financial year.

konami office

As a whole, Konami reported a fall in revenue of 3% to ¥56,46bn, although its Gaming & Systems division posted the highest growth rate of its four main segments.

Revenue for Gaming & Systems was the company's second-lowest total of the quarter, surpassed by both sports and digital entertainment, but significantly outperforming amusement.

However, Q1 profit fell 81% to ¥159 million, with the supplier stating costs had increased from a growing number of slot machine installations under participation agreements.

The overall organisation’s profit also fell 18% to ¥9.71bn.

As part of its outlook for the rest of the financial year, Konami’s Gaming & Systems segment will "continue to make efforts to enhance sales" of slot machines.

New products are also being developed and designed, with a focus on "leveraging new technology to boost market presence."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Mohegan
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...