Konami Announces Record High Q1 Revenue But Profit Declined Interest In Yu Gi Oh Content Remains High
Today Konami announced its financial results for the first quarter of the fiscal year 2023, which ended on June 30, 2022. Sales for the whole company were 71,905 million yen (up 5.2% year-on-year), while business profit was 14,099 million yen (down 30.5% year-on-year). It’s worth mentioning that the quarterly revenue was a record-high for a first quarter. Profit was negatively impacted by amortization of product costs upon new title releases, promotion costs, and rising raw materials costs....