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Konami doubles nine-month profits to ¥17 billion

Social business and improved efficiency responsible for strong performance

Konami almost doubled its year-on-year net profits for the nine-month period ending December 31, 2011.

The company reported profit of ¥17 billion on revenues of ¥194.5 billion, versus ¥9.6 billion in profit on ¥188.3 billion in revenues in the same period last year.

However, the company's Digital Entertainment division - which comprises its console, PC, mobile and social gaming output - showed little revenue growth, increasing from ¥97.9 billion to ¥99.4 billion.

However, "improved efficiency of the management of the facilities" allowed the company to drastically increase its operating income, from ¥12.9 billion to ¥24.2 billion.

The report singled out social network products like Dragon Collection as key performers, noting that its total registered users for Konami Group's social games has now surpassed 15 million users.

Konami Digital Entertainment recently announced Tomoyuki Tsubo as its new president, despite appointing him to the role in November 2011.

"My goal is to build upon the momentum the entire Konami Digital Entertainment staff has built for our company," he said at the time.

"We plan to intensify this momentum by continuing to innovate across our core franchises and creating those memorable gaming experiences that has been synonymous with Konami over the past four decades."

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Matthew Handrahan avatar
Matthew Handrahan: Matthew Handrahan joined GamesIndustry in 2011, bringing long-form feature-writing experience to the team as well as a deep understanding of the video game development business. He previously spent more than five years at award-winning magazine gamesTM.
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