Konami year-end profit up 70%, with revenue gains across all segments

May 13, 2022 Japan Earnings & Filings

Konami Holdings’ year-end profit reached JPY54.8 billion (US$426.4 million) for the 12 months ending March 31, 2022, with gains seen across all its business segments including digital entertainment, amusement, gaming and systems and sports.

Year-end revenue rose close to 10 percent year-on-year to JPY299.5 billion. Its gaming & systems segment, which provides products to the gambling industry, reported revenue of JPY25.6 billion, rising 54 percent year-on-year.

“In the gaming market, entrance restriction on casino facilities was relaxed in North America and Australia, and the situation is revitalizing the markets returning to its pre-COVID-19 level. The other markets are gradually recovering although certain restrictions remain,” said Konami in a results filing.

The business segment managed to swing to profit in the year ending March 31, 2022 to JPY3.5 billion, up from a loss of JPY2.1 billion in the prior year period.

Looking ahead, Konami said it expects to expand its slot machine product range with a focus on strengthening its line up of DIMENSION series cabinets.