As game businesses goes, Japanese publisher Konami (NYSE: KNM) certainly spread its bets.
Of course, it has the usual console business, and like many Japanese publisher an arcade business too. However, it also makes gambling products and owns health clubs.
Strange than that its Q1 2011 financials for the three months ending June 30 were saved by Sony's much maligned PSP portable.
Sales on the device - driven in the main by the release of Metal Gear Solid Peace Walker - accounted for 40 percent of Konami's Digital Entertainment unit sales; its largest sector by device by far. DS was next at 18 percent.
Unlike Europe and the US, in Japan PSP hardware and games continue to sell very well. Konami sold 1.27 million Metal Gear Solid games globally during the quarter.
Splash the cash
In terms of revenues, Digital Entertainment accounted of ¥25.0 billion ($291 million), of Konami's total Q1 revenues of ¥53.2 billion ($619 million), which overall was down five percent year-on-year.
Metal Gear Solid Peace Walker massively boosted profits however with operating income up 188 percent to ¥2.9 billion ($33.5 million).
Unsurprisingly perhaps considering its less than stellar performance on such platforms, Konami didn't mention mobile or iPad games during its report, nor list any future titles in its pipeline of releases.
[source: Konami]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
7 hours, 7 minutes ago
PocketGamer.biz Podcast - ustwo games’ María Sayans on the sustainable strategy behind Monument Valley
News
7 hours, 35 minutes ago
Squad Busters releases globally tomorrow… But is it REALLY the next big thing?
Feature
May 28th, 2024
Hot Five: Disney x Fortnite, Sega’s sonic speed, and a potential Keywords Studios buyout
Feature
May 27th, 2024
“There has been an increase in funding opportunities for African developers with more exciting times to come"
Events
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
For The Win 2024 | Europe | May 29th |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Game Access Conference 2024 | Europe | May 31st |
GDCy Fest 2024 | May 31st | |
GameSummit Summer 2024 | Jun 1st | |
BostonFig Online 2024 | Jun 1st |