Japanese conglomerate, Konami Holdings Corporation, has reportedly released its financial results for the three month to the end of June showing that revenues from its pachinko and gaming machine divisions had risen by 7.3% year-on-year to top approximately $64 million.
According to a report from GGRAsia, the Tokyo-listed giant develops and manufactures a wide range of gaming equipment via its Konami Australia Private Limited and Konami Gaming Incorporated subordinates and conversely revealed that its three-month operating income from the segment had fallen by around 82% year-on-year to about $1.49 million.
Konami reportedly also detailed via a Thursday filing that its group-wide revenues for the quarter had decreased by some 3.4% year-on-year to slightly over $528.95 million while its aggregated net income had experienced a 12% dip to reach something like $68.19 million.
GGRAsia reported that the Tokyo-headquartered behemoth blamed the drop-off in operating income from the gaming machine sector on a ‘year-over-year absence’ in terms of the delivery of ‘high-margin product.’ The Japanese firm moreover stated that it had incurred ‘increased costs’ in this segment from a larger base of installed slots ‘under participation agreements.’
However, Konami reportedly explained that its Concerto slot cabinet was continuing to drive North American sales while clarifying that the three-month period had additionally seen this advance launched into jurisdictions in Latin America and Europe. The innovator furthermore proclaimed that the ‘expanding game portfolio’ of its large-screen Concerto Opus cabinet had continued to drive interest in its portfolio of installed-based products while clarifying that its Synkros casino management system and Fortune Cup racing game had been well received at May’s edition of the Global Gaming Expo (G2E) Asia.
Matthew Loon, Product and Marketing Manager for Sydney-based Konami Australia Private Limited, as asserting that his firm expects to have ‘several [more units] installed by the end of the year in Macau’ to go along with its existing presence inside Wynn Macau Limited’s impressive Wynn Macau and Wynn Palace Cotai properties.