Lovers Moon (Editor)

Konami Games Sector Up 40pct Halving By Sept. 30

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Konami Holdings on Wednesday said sales in its gaming and systems division, which includes casino equipment, rose 39.5% year-over-year in the six months to Sept. 30. Those sales were slightly above 17.12 billion yen ($116.1 million), compared with 12.27 billion yen a year earlier.

The gaming division posted a profit of 2 billion yen in the reporting period, up 9.5% year-over-year.

The Japanese entertainment giant's gaming and systems division includes the supply of casino slot machines and casino floor management systems.

In the casino gaming segment, Konami operates outside of Japan through Konami Australia Pty Ltd and U.S.-based Konami Gaming Inc.

Konami Holdings said on Wednesday that what it calls "operating" at its casino facilities in North America and Australia has been "back to pre-COVID-19 levels" for six months, but it did not specify whether it was common for the industry or if it was part of such a business. "Although other markets in some countries and regions are still affected by the COVID-19 pandemic, the market as a whole is on the road to recovery," it added.

The company, however, noted that the collapse of global supply chains was "consequentially causing problems" such as "rising costs for machinery components" and "delayed deliveries of parts and materials."

Konami Holdings is also involved in digital entertainment and sports, including Japan-focused Pachinko gaming division, video games and mobile games. Total revenue for the period rose 6.4% year-on-year to nearly 148.36 billion yen.

For the six months ended Sept. 30, the group's overall profit was 198.5 billion yen, down 28.0% from a year earlier. The company said its profit performance was negatively impacted by "rising energy costs" and "reducing product costs" due to the launch of new titles and promotional efforts.

The company's board of directors declared an interim dividend of 62.0 yen per share to be paid on Nov. 25.



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