Konami video gaming part articles loss for Apr-Dec period

Konami gaming segment posts loss for Apr-Dec period

Konami Holdings Corp reported on Thursday a loss that is segmental its gaming and systems division – including casino equipment – in the nine months to December 31. Such loss was nearly JPY1.49 billion (US$14.1 million) compared to a profit of JPY2.42 billion over the same period in 2019.

The performance was on segmental revenue that declined 48.8 percent year-on-year in the reporting period, to JPY11.75 billion, from JPY22.98 billion in the months that are ninth December-end 2019, the business added.

The video gaming and systems unit for the entertainment that is japanese business includes the supply of casino slot machines and casino floor management systems.

In the casino gaming segment, Konami operates outside Japan via Konami Australia Pty Ltd and U.S.-based Konami Gaming Inc.

Konami Holdings said the lacklustre performance at its gaming and systems division was linked to Covid-19 and related disruption caused to gaming business around the world, including casino that is temporary in a number of jurisdictions beginning with mid-March 2020.

“Although specific limitations stay, the majority of casino facilities in america have actually resumed operations in stages together with marketplace is recovering,” said the moms and dad.

But it included: “It will require time for the marketplace to completely recover under this serious company environment, as a result of continued travel limitations: nevertheless, the marketplace is anticipated to recoup gradually.”

During the reporting duration, the unit had launched a slot that is new, the “Dimension 49J”, featuring a ‘J’ curve display, said Thursday’s statement.

Konami said the new cabinet was aimed at the revenue-share segment operated by the brand in tandem with casino businesses, in jurisdictions that permit it.

The Group stated that in the reporting period, gaming and systems had also “recognised revenue for the sale of slot machines,” including the combined group’s “KX43″ upright cabinet while the “Dimension 27″, along with “revenue from involvement agreements; by which earnings are distributed to casino operators”.

In addition, the team’s Synkros casino-management system was indeed “introduced into major casino operators into the united states and markets that are australian and new contracts were also executed,” said Konami.

Group profit for the nine months to December 31 actually increased 65.6 percent, to JPY27.00 billion, from JPY16.31 billion.

Such increase was supported by a 79.4-percent rise that is year-on-year company revenue into the electronic activity unit, to JPY52.12 billion.

That unit covers the manufacturing, make and purchase of “digital content and products that are related mobile games, card games and computer and video games”.

One of the division’s strongly-performing products was eSports, as online entertainment had been popular due to other activities by consumers, being “limited by the coronavirus outbreak,” said the Konami parent.

The parent said its interim dividend was JPY22.50 per share, and the dividend for the year that is financial March 31, 2021 is JPY22.50 The dividend forecast on an annual basis will be JPY45.00 per stock unit, and that, “as a result per share”.

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