Konami isn't doing what you want, but it's making loads of money
[ad_1]
Earlier this year, we heard that Konami‘s revenue was up on previous years – and now, per the company’s latest financial report (via InstallBase), things are looking even better.
To put it simply, at the start of the most recent financial year, Konami reported that it had ¥202.4B ($1.5 billion) in cash and cash equivalents. Now, at the end of the same financial year, the publisher has ¥250.7B ($1.9B) in cash and cash equivalents – a gain of ¥48.3B. Emboldened by record profits, the company has issued a press release that notes it’s keen on continuing to sell NFTs, suggesting that its move into the market is “an effort to preserve content that has been loved by customers as an art.”
But – other than NFTs – what exactly is making money for the company? Well, over in Japan, the publisher notes that games like Tokimeki Memorial Girl’s Side 4th Heart and Power Pro Kun Pocket R on Switch are doing well. But it seems like the real money-spinners are Yu-Gi-Oh Master Duel and eFootball. Konami also operates pachinko machines, which makes up a large portion of the company’s modern gaming portfolio.
[ad_2]
Source link
- Unleashing the Power of Audio: PS5’s Latest Update Takes Your Gaming Experience to the Next Level - January 24, 2024
- Doc Rivers Takes the Reins: A New Era for the Milwaukee Bucks - January 24, 2024
- Palworld: The Latest Gaming Sensation Taking the World by Storm - January 24, 2024
