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Konami Announces Record-High Revenue but Profits Slump; eFootball 2023 Passes 600 Million Downloads | TechRaptor

Today Konami announced its financial results for the full fiscal year between April 2022 and March 2023, and they are a mixed bag.

techraptor.net

Today Konami announced its financial results for the full fiscal year between April 2022 and March 2023.

Total revenue was 314,321 million yen, up 4.9% year-on-year, while business profit was 56,611 million yen, down 29.5% year-on-year. It's worth mentioning that revenue is defined as "record-high" in the official documentation mostly due to the recovery of the Gaming & Systems business from the slump caused by the pandemic and the weak yen. Keep in mind that, despite the name, the Gaming & Systems business is related to pachinko, pachislot, and other casino machines.

On the other hand, development and promotion costs on top of the energy prices have negatively impacted profit for the fiscal year.

Looking at the Digital entertainment business, which includes video games and the Yu-Gi-Oh! TGC, revenue was 213,432 million yen (down 0.7% year-on-year), while business profit was 53,009 million yen (down 30.6% year-on-year).

We hear that Teenage Mutant Ninja Turtles: The Cowabunga Collection performed "strongly" especially in Europe and America. Furthermore, eFootball 2023 passed 600 million downloads.

Speaking of the outlook for the current fiscal year, Konami expects revenue to be 328,000 million yen and business profit to be 63,000 million, both up year-on-year. For the Digital Entertainment business, the expectation is 216,000 million yen in revenue and 55,500 million yen in business profit. Both figures would mark an improvement year-on-year if achieved.

 

[RAIDEN1]

What is it about e-football that people are mad about....for 600 million downloads, the game isn't even as featured packed as PES 2021....(From a single-player perspective) this will give Konami further fuel to make more half-baked football games....with the legacy of PES lost forever...

 

[Roufianos]

Man, I really miss PES. I'm guessing 99% of downloads for eFootball are coming from mobile because I never see it mentioned.

 

[DEAD ORIGINAL]

Love Pes 1 to 6 great games anyone remember the dog heads?

 

[Hero of Spielberg]

Is Master League ever coming back?

 

[RAIDEN1]

This is the state of gaming today, where the best football game you can get anywhere right now is FIFA23...that might change in the 2nd half of the year....but as of right now that game is the only player on the field after Konami threw in the towel

 

[kuncol02]

So this is how gaming dies. With thunderous applause.

All that gatcha-gabling-lite mechanics should be treated like real gambling and made illegal. And when I say illegal I mean "crime" illegal with jail times and dissolution of involved companies.

 

[Aenima]

600 million downloads is very impressive for a game i never saw any of the ppl in my friendlist play.

 

[calistan]

Furthermore, eFootball 2023 passed 600 million downloads.

Surely that can't mean downloads of the actual game. The document is vague but I'd guess it's the cumulative total of game + microtransactions. Otherwise, them's Fortnite/Minecraft numbers.

 

[thanatos1010]

Is downloads a valuable metric from a free download? How many people of those 600 million are actually playing? I know I've downloaded a couple of times and quit after seeing how light on the ground the features are.

 

[nush]

Is downloads a valuable metric from a free download? How many people of those 600 million are actually playing? I know I've downloaded a couple of times and quit after seeing how light on the ground the features are.

Investors don't think at your level. Big numbers = good.

 

[thanatos1010]

Investors don't think at your level. Big numbers = good.

You're right indeed unfortunately... though I suppose they do need people playing enough to buy whatever it is they want people to buy in that game haha.