Konami Profits Soar, Despite Internal Strife

While the torrent of negative headlines may lead you to believe all is not well at Konami, the Metal Gear Solid publisher is still somehow raking in copious amounts of cash.

Believe it or not, this past quarter (which ended on June 30) Konami pulled in a whopping ¥51.2 billion in revenue. For those keeping track, that's up 5.3 percent from last year's figure of ¥48.6 billion. Even more impressive were its ¥4.28 billion in profits, which made for a staggering 159.9 percent increase.

When looking specifically at its Digital Entertainment division, Konami saw ¥23.8 billion in revenue and ¥6.5 billion in profit. That's a 16.7 and 78.5 percent year-over-year increase, respectively. Not too shabby, if I do say so myself.

So… I'm sure you're probably asking yourself right now: How the heck is Konami making all this money when Metal Gear Solid V: The Phantom Pain still has yet to launch? After all, the studio hasn't released anything of note lately. Well, that's where its mobile efforts come into the picture. It's all thanks to a super popular mobile game called Jikkyou Pawafuru Puroyakyu.

​Konami has been making money hand-over-fist on this little bugger. The game has surpassed 13 million downloads since it was released back in December of last year, which is hardly a small feat. Couple that with its slew of other popular mobile titles, not the least of which include Star Wars: Force Collection and PES Collection, and it's no wonder Konami is sitting happily in the black.

What does this mean for the future of the publisher? Well, you can bet Konami is only going to invest more and more in the mobile market, which, sadly, means less content for hardcore gamers looking for quality console content. The times are a changin' and there's not a whole lot we can do about it, aside from picking up a copy of Metal Gear Solid V: The Phantom Pain when it launches on September 1 of course!

Related Reading:

Upcoming Releases
Inspired by the beauty of the natural world around us, Everwild is a brand-new game in development from Rare where unique and unforgettable experiences await in a natural and magical world. Play as an Eternal as you explore and build bonds with the world around you.
Kindred Fates is an open world monster battling RPG, and a love letter to the monster battle genre. Our goal is to evolve the genre, and finally bring fans what they've been asking for.
Embark on an inspiring mission of human connection beyond the UCA. Sam — with companions by his side — sets out on a new journey to save humanity from extinction. Join them as they traverse a world beset by otherworldly enemies, obstacles and a haunting question: should we have connected?
Star Citizen is an upcoming space trading and combat simulator video game for Microsoft Windows. Star Citizen will consist of two main components: first person space combat and trading in a massively multiplayer persistent universe and customizable private servers (known as Star Citizen), and a branching single-player game (known as Squadron 42). The game will also feature VR support.
Reviews
9 REDMAGIC 10 Pro Review
With a new Snapdragon processor comes a new REDMAGIC 10 Pro phone incorporating it. For those gamers or power users…
X