Despite an overall drop in revenue, Konami has reported a year-over-year increase in profits.
According to the publisher's financial results, its "consolidated total revenue and operating profit" for the nine-month span concluding on December 31, 2016 were ¥163.94 billion (approx. $1.45 billion USD) and ¥29.59 billion (approx. $262 million), respectively. When compared to the year prior, the company's revenue is down 8.5 percent, while profits are up 69.8 percent.
Konami specifically cited the success of its recently released mobile games Yu-Gi-Oh! Duel Links and Jikkyou Powerful Soccer, "both of which enjoy a strong start with an unprecedented number of downloads at a faster-than-ever pace."
The publisher also addressed the consolidation of its arcade games business and its pachislot/pachinko machines business under a single "Amusement Business," saying it will "further strengthen" the company's business operations. Additionally, Konami's "Health & Fitness" division continues to be a major revenue driver, serving as the company's second-largest source of revenue, right behind "Digital Entertainment."
Konami has undergone several major changes over the past couple of years. The publisher announced in 2015 it was shifting its focus to mobile games, and Hideo Kojima left the company after developing the critically acclaimed Metal Gear Solid V: The Phantom Pain. Despite Kojima's departure, the Metal Gear franchise will live on, as a four-player stealth game called Metal Gear Survive is slated to release for Xbox One, PS4 and PC later this year.
Alex Osborn is a freelance writer for IGN. You can follow him on Twitter and subscribe to his YouTube channel.
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