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Konami Group reports 12% year-on-year increase in revenue

November 6, 2023 Japan iGaming & GamblingIndustry Updates

For the first half of its fiscal year, which concluded on September 30, Konami Group Corp., a major player in the Japanese leisure industry, reported an 11.6 percent year-over-year increase in revenue in its gaming and systems sector, which includes casino equipment. The company’s earnings for the same period last year were JPY17.12 billion, but this year they made a little over JPY19.10 billion, or almost US$127.0 million.

The gaming branch of Konami Group brought in JPY3.12 billion for the fiscal year that was reviewed, a 55.7 percent rise from the year before.

Konami Group’s gaming and systems division offers casino floor management solutions in addition to slot machines. The company operates in the casino gaming sector outside of Japan via US-based subsidiaries Konami Australia Pty Ltd and Konami Gaming Inc.

Konami Gaming and Xailient Inc. have partnered to provide “SYNK Vision” facial recognition technology to the casino industry, particularly in the Asia-Pacific region.

The Asian market was leading the improvement in other regions, although the North American and Australian sectors were growing gradually, according to Konami Group. The Dimension slot cabinet series was expanding into the Australian and North American markets, offering mostly Dimension 27 and Dimension 49 cabinets in those regions.

The company included features like the “Money Klip” product for cashless transactions to make their casino operations system, Synkros, more appealing.

The Konami Group is involved in digital entertainment such as video games and mobile games, sports, and the Japanese market for pachinko games in addition to its gaming and systems businesses.

In the first half of the fiscal year, the group’s total revenue from all companies increased by 3.7 percent year over year to JPY153.85 billion. The Konami Group’s net profit for the same period last year increased by 35.2% to little over JPY26.83 billion.

Additionally, for the fiscal second quarter, the firm announced a cash dividend of JPY62.0 per share, to be distributed on November 25.

Original story by: GGRAsia

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