Konami Set To Have Much Worse Financial Year Than Anticipated
eFootball is not paying the bills.www.dualshockers.com
Konami has released a revised financial forecast for the financial year ending March 2023 to its shareholders. The document revealed that Konami expects to have an operating profit of just over half of what was originally forecasted.
Konami predicted in May 2022 that the company would have an operating profit of 76,500 billion yen ($600 million~) but has revised its forecast to say the company expects to now make 42,500 billion yen ($330 million~) in operating profit for the fiscal year. This is a 44.4% reduction in forecasted operating profit.
Konami did not provide robust reasoning for the reduction, simply saying it is due to “factors including revision of the profit plan for some titles in the Digital Entertainment business.”
The Japanese entertainment company has provided very sparse offerings this year. Konami’s biggest release this year was eFootball 2023, the rebranded Pro Evolution Soccer. The latest instalment of Konami’s football simulation game hasn’t experienced significant success. When compared to the game’s biggest competitor FIFA 23, it’s not much of a contest. If you compare the two games on their active player bases, FIFA has ten times more players than eFootball on Steam.
Probably not, because COVID
I dont know how long or how much it would cost to make SOTN style games but with better 4k visuals, but they could probably sell a shitload of them at $29.99 across all platforms. If quality random metroidvania indie games can sell millions of copies, a Castlevania game should too.
Maybe. It might explain why they finally hit that big red 'Silent Hill' button. The button that's next to the bigger MGS and Castlevania buttons.
I think it's fair gamers hate Konami. Why would any long time gamer who grew up playing awesome 80s and 90s games enjoy seeing them transform into GAAS and pachinko and casino businesses?The only sensible post in this thread. Konami have been rolling in profits for years with supposedly "no games".
Everyone likes to doom post about Konami but they literally just had their most profitable year ever thanks to Yu-Gi-Oh! Master Duel. The fact is that they have been very profitable making F2P games that basically print money. PES/eFootball may not be what it used to be, but Konami are still raking in a ton of cash with eBaseball. They also make various amusement games (casino, pachinko etc), and even run sports clubs (ie. gyms).
The narrative is always that "Konami must just hate money". The truth, if anything, is that they love making money too much. AAA console development is a lengthy process and very expensive - from a business standpoint, why do that when you can rake in just as much money with a free mobile game on a shoestring budget? Now that Konami are starting to show interest in ramping up traditional console development again, the consequence is of course that they're going to have to spend money making the damn games.
It's also hilarious how the gaming world still has a hate-boner for Konami after what they did to Kojima (his desk was moved, oh no!) - even though he spent like a sailor while he was VP of the company. MGSV cost $80 million and wasn't even finished. Consecutive years of profit followed on from him being fired from the company. Obviously, as a gamer, it's regrettable to see so many classic IP go under-utilized, but I won't pretend that Kojima dindu nuffin', and that Konami didn't have their reasons for changing business direction in the last several years.
Easier said than done. FUT is gaining EA so much money that they could put so much into FIFA every year without and still profit high. PES has no chance unless Sony or Microsoft compete with their game.
They really need to get out a Master League DLC to efootball this year. They are such a bunch of lazy fucks
I didn’t say that it’s easy and they can just do it. But also, when market wants, you give them what they want right? I mean, Sony is giving people the games they want. So they make money, right?
I mean, they are. They announced a boat load of Silent Hill games lol
Another one lol havent they got 4 already.
It's not that easy.
