Konami has its best year ever thanks to games you’ve never heard of

Konami has announced last financial year (April 2021 to March 2022) was the most profitable in the company’s history. The Japanese publisher posted an operating profit of 74.4 billion yen, or about $577 million, and a net profit of 54.8 billion yen, or about $425 million.

While some believe Konami is no longer making games and is basically a pinball business, financial results suggest otherwise. The truth, however, is that many of Konami’s greatest successes either didn’t take place in the West, or largely went unnoticed by their captive audiences.

For example, a recent big hit was Yu-Gi-Oh Master Duel, which was released on Steam in January. This F2P game has amassed over 30 million players and will no doubt continue to be popular for many years to come. But Konami’s Momotaro Dentetsu was also a huge success, only available on Switch in Japan, selling over 3.5 million (it’s a long-running series that started out as a HudsonSoft syndication, basically a joy of train station board game).

(Image credit: Konami)

Financially, Konami divides its business into digital entertainment (home video games), entertainment (here it has pinball machines and arcade games like Beatmania), sports (it operates leisure centers in Japan), and rather confusing games and systems (Casino software). Of Konami’s 299.5 billion yen in revenue this fiscal year, 215 billion yen came from digital entertainment and 19.5 billion yen came from entertainment. There’s no clearer language than money, which means that 72% of Konami’s revenue comes from video games.