Konami revenue remains flat, but profits increase for gaming division

The gaming and systems division of Konami Corp. saw its revenue for the first half of the fiscal year remain relatively unchanged over the same period last year. It reported that it took in around $113.1 million during the period for an increase of just 1.2%. However, profits for the division jumped an impressive 28.4% to $14.07 million.

According to a company press release, “The gaming market is continuing to see growth with the worldwide development and opening of new casino facilities and integrated resorts which include casinos…Furthermore, measures to revitalise the industry were implemented mainly targeting young people, including the introduction of slot machines designed to reflect players’ skill levels.”

During the period, Konami was able to expand the distribution of Concerto, its video slot product line, across Oceania, Asia and North America. Concerto includes the curved-screen cabinet Concerto Crescent and the tall-screen cabinet Concerto Stack.

The company indicated in the release that it would continue to market Fortune Cup, a horserace betting station that includes a model track, which builds on Konami’s “expertise and technology accumulated through Konami group’s amusement machines.”