Konami profits up 22%

The full year financial results for Konami this year have proved a mixed bag, with profits increasing but revenues falling.

In total profit jumped 22.4 per cent year-on-year for the 12 months ending March 31st 2010, ending at $143.4m. Revenues were down 15.4 per cent at $2.8bn.

Revenues at its Digital Entertainment Division, when taken in isolation, were down 24 per cent at $1.5bn. Operating income for DED suffered a more significant fall, down 48 per cent at $231.8m.
Releases in the period included Pro Evolution Soccer 2010 and Silent Hill: Shattered Memories.

More importantly, Konami took time in its report to stress that it had renewed a plan designed to fend off any possibility of large-scale acquisitions” or any move where an outside party could obtain 20 per cent or more of its shares.

However, it added that its stance is not to reject any takeover approach outright, with any decision ultimately being based on its overall appeal to shareholders.

For the year ahead Konami expects a 1.4 per cent increase in profits and an 8.7 per cent jump in revenues.