Konami reports strength in social games but year-over-year losses

Komani has released their fiscal report ending in March 31, 2013. The company has reported growth in the social gaming sector but a large loss in it's digital entertainment and pachinko divisions.

In the pachinko sector revenue fell more than 70% compared to last year and it's Digital Entertainment division reported a loss of 17.1% in year-on-year revenue. However titles such as Pro Evolution Soccer 2013 and Metal Gear Rising: Revengeance sales were steady. 

Konami's social games currently have more than 35 million registered users. Finances were kept afloat by the success of Metal Gear Solid Social Ops and Dragon Collection, which is control by a partnership with the Japanese social networking service GREE.

Konami has decreased 15% in net revenue and 42.8% decrease in net income year-over-year. The company stated that it'll get out of this setback by shifting attention towards the smartphone and tablet market as well as promote the Metal Gear series at this year's E3 2013. 

Source: Konami

Adam Siddiqui, NoobFeed
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