Konami revenue down 18%

Posted By | On 05th, Feb. 2010 Under Industry News

Konami has released its financial results for Q3 2009, and revenue was seen to take a dramatic drop of 18.4% or ¥190.9 billion.

This is despite ‘strong sales’ of Dance Dance Revolution and ‘game content for overseas consumtion’ in Saw, the developer took a massive financial hit in Q3 last year.

The excuse? ‘Due to the absence of major titles, such as last year’s Metal Gear Solid 4: Guns of the Patriots, however, the overall sales fell this quarter as compared to the same period the previous year.’

It’s pretty shocking that a major company like Konami would be so reliant on one franchise alone, but there you go. However, with Peace Walker due out sometime this year, we are hopeful for another record breaking, award winning piece of technological art.

Financial results release (PDF)

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