The Good And The Bad Of Konami’s Fiscal Year

Earlier this month, Konami announced its financial results for the first half of 2023 as well as Q2 2023 which ended on September 30th, 2022. While Konami broke a record for revenue during the second quarter of 2023, profit was down year-over-year.

Revenue increased from about $1 billion during the first half of 2022 to $1.06 billion during H1 2023. That represents a year-over-year increase of 6.4%.

Despite the recorded revenue growth, profits were down for Konami. Business profits fell from $276 million during H1 2022 to $183 million during the first half of the current fiscal year. Operating profits also experienced a drop off of more than $98 million.

As explained by Shacknews, several factors contributed to the growth of Konami’s gaming segment, which saw its value increase by 39.5% from Q2 2022 to Q2 2023. Yu-Gi-Oh! console and mobile games helped Konami find a lot of success. Additionally, Teenage Mutant Ninja Turtles: The Cowabunga Collection performed very well in the United States and Europe.

(All information was provided by Shacknews and Twinfinite)

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