Konami Just Had Its Most Profitable Year, Thanks Mainly To Yu-Gi-Oh

According to Konami’s latest financial report for the year ending March 31, the company posted the most profitable year in its history. The company saw a 10% increase in revenue for the fiscal year, more than doubling its operating profit to $580.1 million year over year. Trading profits rose 25.2% to $626 million and revenue was reported at $2.3 billion, up 9.9% year-over-year.

The main driver of these record numbers was Konami’s digital entertainment sector, specifically Yu-Gi-Oh! Master Duel. Based on the long-running anime and manga property focused on card games, sometimes on motorcycles, the free-to-play Yu-Gi-Oh! Master Duel has been downloaded over 30 million times on PC, mobile and console.

Combined with the rest of the digital entertainment sector, Konami generated $1.7 billion and profits of $595.9 million. Professional Baseball Spirits and eBaseball Powerful Pro Yakyu 2022 were also big hits for Konami in Japan, while its Amusement segment generated $152 million. In the games and systems area of ​​Konami’s business, revenue increased 54% in a field that encompasses casino, pachinko and arcade machines. Sports were also a big driver of earnings, growing 15.2% for the company to generate $327.6 million.

However, Konami had no numbers to share for eFootball PES 2021, as the free-to-play PES replacement had a rocky launch last year. In November, Konami canceled the eFootball 2022 Premium Player Pack and offered refunds to people who already bought it, while stating that it had been “working diligently” on new patches to bring the quality of the game back up to standard.

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Other Japanese companies have also reported strong financial years in recent days. Capcom predicts that the 2022-23 fiscal year will be its biggest yet, Sony has sold more than 19 million PS5 units so far, and Nintendo announced that lifetime Switch sales hit 107.65 million units. units as of March 31.

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