Sponsored By

Representatives from Konami have announced that the company’s quarterly profits have fallen 4% year-on-year, but that full year profit forecasts have been raised by 38% -...

David Jenkins, Blogger

January 29, 2004

1 Min Read

Representatives from Konami have announced that the company’s quarterly profits have fallen 4% year-on-year, but that full year profit forecasts have been raised by 38% - largely as a result of the continued popularity of its Yu-Gi-Oh! and Winning Eleven/Pro Evolution Soccer brands. In the three months ending December 31, net profit fell 3.9% year-on-year to ¥8.04 billion ($75.8m) , despite a 5.3% rise in sales to ¥82.3 billion ($776.1m). The company’s net profit forecast, however, is now ¥20 billion ($188.3m) for the year ending March 31, from a May forecast of ¥14.5 billion ($136.7m). Revenue estimates were also raised by 4.3% to ¥267 billion ($2.5bn). Last year the company posted a net loss of ¥28.5 billion ($268.8m) on revenues of ¥253.7 billion ($2.4bn). Source: Reuters

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like