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Video games helped Konami reach nine-month record

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Konami’s Digital Entertainment business – which includes “mobile games, computer and video games, and card games” – has not only supported Konami’s fiscal year in the midst of the pandemic, but has led it to disasters. record profits. In the business last publication of resultsKonami is making it clear that many of its business segments (including casino games, sports clubs, and entertainment) have seen significant drops in revenues due to lockdowns and the societal effects of the pandemic. However, as we have seen in the industry, home gaming has seen a huge boost, with Konami’s Digital Entertainment division seeing its revenue and profits increase dramatically.

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In the nine months ending Dec. 31, the Digital Entertainment division achieved 33.1% growth in total revenue and 75.3% growth in profits, year-on-year. The results release explains, “As a result, Konami Group’s business profit, operating profit and profit before tax for the nine months ended December 31, 2020 have all reached an all-time high.” This comes despite the fact that the Konami Group as a whole saw a 0.6% drop in total revenue. Much has been done in recent years about Konami’s abandonment of core video game development, promote mobile and casino games. While mobile gaming has undoubtedly played a major role in the company’s recent success, Konami highlights console versions of several Pro Evolution Soccer games, as well as the Japanese-only release of the latest Momotaro Dentetsu (a series of digital board games), which shipped 2.5 million copies in January 2021. Eagerly, Konami highlights the release of Yu-Gi-Oh! Rush Duel for Nintendo Switch and a game adaptation of the sci-fi manga Edens Zero.

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The success of the Digital Entertainment division is interesting in light of Konami’s recent restructuring. The company recently announced that it will dissolve its three production divisions, which has led some to speculate that the company will no longer produce games. Konami denied this idea, telling IGN that it was actually designed to make games more efficient in the business. It remains to be seen whether Konami will return to more regular code video game development, but it has announced that PES 2022 will be made with Unreal Engine, and created a western game publishing division. Over the past year, reports have spread that Konami was working on two new Silent Hill games, But Konami has denied the claims. “That’s not to say that we close the door on the franchise completely, just not the way it’s reported,” a spokesperson said.

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Joe Skrebels is IGN’s News Editor. Follow him on Twitter. Any advice to give us? Want to discuss a possible story? Please send an email to newstips@ign.com.

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