Konami's Revenues Increased by 12%

The company reported a 12% overall growth in revenue including a 6.4% increase in the digital entertainment segment and revealed its intention to sell NFTs.

Konami has released its financial results for the nine months ended in December 2021. According to the report, the company's revenue increased by 12% compared to the same period the previous year amounting to ¥215 billion ($1.8 billion). Konami's operating profit has grown significantly – by 48.8%, to ¥60.3 billion ($525 million).

The digital entertainment segment of the company (that includes games and esports) has also seen growth, with a 6.4% year-on-year increase in revenue making up ¥154 billion ($1.3 billion), while operating profit for the segment increased by 9%, to ¥55.5 billion ($483 million).

In the report, Konami has pointed out that such games as Momotaro Dentetsu: Showa, Heisei, and Reiwa mo Teiban that were released last year keep delivering strong sales being the staple titles for the company. The new titles such as Tokimeki Memorial Girl's Side 4th Heart and Power Pro Kun Pocket R have also been well-accepted by the gamers.

As for the mobile, such games as Yu-Gi-Oh Duel Links and eFootball PES 2021 have shown good results on the global market while Professional Baseball Spirits and Jikkyou Pawafuru Puro Yakyu prevailed on the Japanese market.

Discussing its plans for developing the digital entertainment segment, Konami has also brought up NFTs saying: "We will also be selling Non-Fungible Tokens (NFTs) in an effort to preserve content that has been loved by our customers as commemorative art." So far, the company has only unveiled its Castlevania NFT collection that was sold at the auction in commemoration of the series' 35th anniversary in January 2022.

You can learn more about Konami's financial results for the nine months by reading the report. Also, don't forget to join our new Reddit pageour new Telegram channel, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.

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