• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Strong yen hurts Konami slot profits 1H fiscal 2017

Oct 28, 2016 Newsdesk Japan, Latest News, Top of the deck, World  


Strong yen hurts Konami slot profits 1H fiscal 2017

Konami Holdings Corp’s gaming and systems division on Friday reported profit of approximately JPY1.59 billion (US$15.1 million) for the six months ended September 30, which it said was down 8.3 percent from a year earlier.

The firm said a strengthening of Japan’s currency the yen had a negative impact on those of its divisional earnings that are denominated in U.S. dollars.

The group noted that – with effect from the latest reporting period under discussion – it now reports its business in four segments: digital entertainment; health and fitness; gaming and systems; and amusement.

“Figures for the six months ended September 30, 2015 have been reclassified under the new segment classification, and compared with those for the six months ended September 30, 2016,” it stated.

During the latest reporting period – which represents Konami Holdings’ first half for the financial year 2017 – the gaming and systems division produced revenue of JPY13.79 billion, which it said was down 7.9 percent from a year earlier.

The group declared an interim dividend of JPY17.00 per share for the financial year ending March 31, 2017, with the commencement date for payment being November 18.

“The North American market environment saw harsh conditions due to the entry of European manufacturers and the resulting intensified competition, and increasingly prudent investments by casino operators when purchasing machines,” stated the group in its earnings announcement.

The firm added: “In the Asian and Oceanian markets, we developed a richly diverse product line-up, including Concerto the new cabinet and the Podium series.” The latter was a reference to a range of game cabinets.

It further stated of its gaming and systems division: “For the six months ended September 30, 2016, this business was strong mainly in the North American market, and total revenue and segment profit in local currency basis increased. In Japanese yen… however, total revenue and segment profit decreased due to the effect of exchange rate changes by the rising yen.”

Konami Holdings added in a presentation to investors accompanying the first half fiscal results: “With the business restructuring of group companies effective November 1, 2016, the arcade games division, formerly under the digital entertainment business, has integrated with the former pachislot and pachinko machines business to change its business domain to the amusement business commencing the second quarter.”

It continued: “This business restructuring was also planned… in anticipation of handling the research and development of gaming machines for the Asian market.”

Konami Holdings is listed on the Tokyo Stock Exchange and the London Stock Exchange.


  • tweet
Related articles
  • Konami gaming segment 9-mth profit down 20pct
    Konami gaming segment 9-mth profit down...

    Jan 30, 2020  

  • Konami’s Fortune Cup adds variety to Asia casinos: exec
    Konami’s Fortune Cup adds variety to...

    Jul 11, 2019  

More news
  • Jennifer Kartono named chief HR officer of Crane NXT
    Jennifer Kartono named chief HR officer...

    Mar 22, 2023  

  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  


Latest News

Jennifer Kartono named chief HR officer of Crane NXT

Jennifer Kartono named chief HR officer of Crane NXT

Mar 22, 2023  

Crane Holdings Co says Jennifer Kartono has been appointed senior vice president and chief human resources (HR) officer of Crane NXT. The latter is due to become a separate entity by early April and...
Read More
Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Mar 22, 2023  

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are seriously considering the privatisation of all Pagcor-operated casinos”

Alejandro Tengco

Chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor)



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
  • Universal Ent counterclaims are desperate: 26 CapitalUniversal Ent counterclaims are desperate: 26 Capital March 21, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us