Konami Holdings reports 2 5bn in revenue for the year ended 31 March 2021

Konami Holdings has reported JPY272.7bn ($2.5bn) in revenue for the year ended 31 March 2021, an almost 4% increase from JPY262.8bn.

Business profit increased by 45% from JPY44.3bn to JPY64.2bn. Operating profit was JPY36.6bn, an 18% increase from JPY30.1bn. Profit attributable to owners was JPY32.3bn, a 62% growth from JPY19.9bn. Profit for the year was JPY32.3bn, a 62% increase.

Digital Entertainment recorded a 33% increase in revenue from JPY153.4bn in 2020 to JPY204.2bn in 2020-2021. The amusement segment dropped by 26% to JPY17.6bn, and the sports segment reported JPY36.4bn, a 38% decline.

The supplier’s casino facilities were closed temporarily from March 2020, with some exceptions, but the business is slowly recovering, with most US properties being allowed to open in phases. Total revenue for the fiscal year ended 31 March 2021 for the gaming sector was JPY16.6bn, a 41% year-on-year decrease. Business loss for the fiscal year was JPY2.1bn, compared to profit of JPY1.8bn in 2020.

“For the fiscal year ended March 31, 2021, the economy remains stagnant with global restrictions on social and economic activities, due to the coronavirus outbreak,” said the company. “Revenues of some business segments were impacted from temporal closures to prevent the coronavirus outbreak as well as world-wide economic slowdown.”

Despite the drops in revenue figures, Konami Gaming is hoping Resorts World Las Vegas will open in summer 2021. The venue is said to cost $4.3bn and will have a 110,000-square-foot casino floor. The resort will also reportedly use the Synkros gaming management system.

“For years, Konami’s Synkros has worked to deliver guest experiences at the forefront of innovation, so the chance to create new heights of engagement and entertainment for future Resorts World patrons truly resonates with our shared, enduring vision,” said Tom Jingoli, CCO at Konami Gaming.