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Konami Expects Significant Sales Drop
Profits for publisher Konami are expected to fall significantly for the
six-month period that ended on September 30th. Compared to the same
period in 2008, total revenue is predicted to drop 22.5%. They cite
several factors contributing to this, including the lack of a
mega-seller such as last year's Metal Gear Solid 4: Guns of the
Patriots.
"Even though the figures for the consolidated business performance for
the six months ended September 30, 2009 were approximate to the
projected ones in all segments, net revenues and profits of the
consolidated interim results are expected to decrease when compared
with the figures corresponding to September 30, 2008, mainly due to
factors such as the fact that main titles released by our Digital
Entertainment segment for the current fiscal year were not scheduled to
be released until the second half of the year while in the same period
last year major titles, in particular, Metal Gear Solid 4: Guns of the
Patriots, had already been released," the sales forecast read.
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