Konami Reports Revenue Growth but Declining Operating Profit for FY 2023
Published Jun 27, 2024 | Updated Mar 31, 2026 | 1 min read
Konami Holdings Corporation announced its consolidated financial results for the fiscal year ended March 31, 2024, reporting a 10% increase in revenue to 411.9 billion yen. Despite this top-line growth, the company experienced a 12.2% decline in operating profit, which dropped to 48.4 billion yen. This decrease was primarily due to higher expenses in the gaming and amusement business sectors. The digital entertainment segment maintained steady sales growth, driven notably by mobile and online game performance. Konami confirmed that it remains on track with its full-year financial outlook, forecasting moderate growth in both net sales and operating profit. The company highlighted that the reduction in operating profit was linked to augmented costs and strategic investments aimed at developing new business areas. Konami continues to focus on balancing growth in digital entertainment while managing challenges in other divisions to sustain profitability going forward.
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