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Japanese Video Game Companies Increase Focus on Western Markets
In a tough 2022, Japanese video game publishers did surprisingly well in the high-end North American and Europe markets. This is an indication of a trend of Japan IP having a larger impact on the global market. It also highlights some major differences between pay-upfront business models and live services/free-to-play models. Japanese Companies Dominated the Late 1980s and early 1990s With the rise of Nintendo in the 1980s, publishers from …..
Konami Reports Flat Revenue for Third Quarter
For its third fiscal quarter ending 12/31/22, Konami Group (9766.T-JP: Tokyo) (KONMY: OTC) reported a year-to-year revenue increase of 4% to Â¥78,519 million. The digital entertainment division responsible for video games reported a 3% decline in revenue to Â¥53,721 million (68% of total revenue). For the nine months ended 12/31/22, overall revenue was up 5.5% over the previous year and digital entertainment revenue was up 1.6% to Â¥153,959 million. Profit for the nine-mont…..
Konami Has Big Plans for 2023
In the DFC Intelligence Interactive Entertainment Stock Index, the Konami Group (9766.T-JP: Tokyo) was one of the strongest performers with a 5% increase in stock price from January 2022 to January 2023. The overall index was down 30%. Konami was actually one of the few companies to have a nice run in mid-2022. In early June Konami stock was actually up 58% from January 2022. Unfortunately, results for the first half of the year were just OK, nothing to get excited ab…..
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