Games

Konami replaces all three production divisions [UPDATE: but they’ve still got games!]

Konami gaming company announced that, effective February 1, 2021, all three production divisions will be officially disbanded. After solving each section, it will be restructured. In restructuring their company, a whole host of key players in the company would be reappointed and appointed to new positions. It’s unlikely that we’ll see the company push out any major games in the very near future. *

Although Konami has the most recognizable names in gaming, it hasn’t released any really new titles for a long time. As such, it comes as no surprise that they are looking to make some major changes to the way they do business. The Announcing the restructuring He suggested the following: “We are dissolving production departments to respond to the rapid market that surrounds us.”

Konami’s second-quarter earnings report for fiscal 2021 showed how expenditures from COVID-19 rose while revenue fell year-on-year. As the company recorded 121.1 billion yen in fiscal year 2020, the first half, the first half of fiscal year 2021 generated revenue of 116.1 billion yen. Fiscal year 2020 expenditures for the first half were around 100 million yen, to reach 4.4 billion yen in the first half of fiscal 2021.

According to Konami’s earnings report, Digital Entertainment has basically saved their company from falling over the past year. Digital entertainment in the first half of fiscal year 2021 compared to the first half of fiscal 2020 increased 31.8% – from 67 to 88.3 billion yen.

As the annual change in digital entertainment with Konami rose by 21.3 billion yen, the rest of its sectors declined: theme parks, games, systems and sports experienced heavy losses year on year. The annual change for each of these sectors was 2.4 billion yen, 7.7 billion yen and 15.9 billion yen, respectively.

* Note: This does not mean that Konami will not create any new games at all. Instead, the restructuring is just a move for roles in the company. It’s not a shutdown for any game development – at least not in a way that will be immediately apparent to the audience.

to me Comment on IGN From Konami indicated that there was some confusion earlier in the day, regarding the wording of the ad in the earnings call. “The announcement that has been released indicates an internal restructuring, with the consolidation of production divisions,” said a Konami representative. “We haven’t closed our video games section.”

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