Konami (TSE:9766) has announced its financials for the nine months ending 31 December 2012.
Net revenues were ¥160 billion ($1.8 billion), down 17.7 percent year-on-year.
However, in terms of its digital entertainment business, sales were ¥80.6 billion ($930 million), down 19 percent year-on-year.
Digital entertainment is Konami's largest business division, making up around 50 percent of its overall turnover. Other business units include health clubs, as well as gambling and pachinko machines.
Net income for Konami was ¥8.8 billion ($100 million), down 48 percent compared to 2011.
Net income for digital entertainment was also ¥8.8 billion ($100 million), down 48 percent due to the lack of console hits compared to the previous period.
Go games
In terms of the performance of its games division, Konami pointed to some strong signs in social and mobile games.
It released a free-to-play iOS version of card-battler Dragon Collection, which has been downloaded over seven million times, although mainly in the domestic Japanese market on the GREE platform.
Dragon Collection has yet to find an audience outside Japan as this graph of its US App Store top grossing performance demonstrates.
Konami stated it was looking to expand the number of games it bought to mobile, especially card-battlers, both in terms of Japanese channels such as NTT Docomo's dgame service and what it calls "new global platforms".
Still, 46 percent of its game revenue comes from PlayStation 3 titles such as Winning Eleven/Pro Evolution Soccer.
Year slipping away
In terms of full year predictions, Konami revised its 2013 turnover down 16 percent to ¥228 billion ($2.6 billion) due to delays in its product line.
It expect to make ¥13.5 billion ($155 million) in terms of net income, down 42 percent compared to earlier predictions.
Konami ended the nine month period with $671 million (¥58.1 billion) in cash and equivalents.
[source: Konami]
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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.
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