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Konami Expects Significant Sales Drop

by Dan Ryckert on Nov 03, 2009 at 06:12 AM

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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.