Konami continues to grow
Watching Konami (TYO:9766) over the previous financial year saw a steady progression, with the reaping of rewards from earlier investments right at the end. At the very start of the year, profits fell as a result of increased R&D. By the second quarter, profits had levelled off with investments remaining steady and a boost from the release of Pro Evolution Soccer (PES). The success of PES and other games led to a strong Q3 and built a strong foundation for the end of the year.
For the financial year ending March 31st, 2019, Konami reported in its financial reports revenues of ¥262.5 billion, with operating profits of ¥50.5bn. This actually marks the fifth consecutive year of profit growth for the company, with it also being the second year in a row that the company has hit record operating profit.