Konami dramatically cuts financial forecast

1 year 1 month ago

Silent Hill publisher Konami has today slashed its financial forecast for the 12-month period ending this March 31st, with expected profits almost halved.

Konami had hoped to make a 76.5bn yen (£480m) operating profit for the year, but now expects to arrive at 42.4bn yen (£270m). Konami's revenue forecast is also down for the year, though not by as much - from 320bn yen to 303bn yen.

The publisher is tight-lipped as to the exact reasons why it has so dramatically changed its finanical outlook, and simply stated it related to "the profit plan for some titles in the digital entertainment business".

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Author
Tom Phillips

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