Tag Archives: third quarter

Konami’s issued third quarter financials in Japan, showing a 3.4 percent revenue increase to 95,987 million yen (£459 million) and a profit rise of 22.7 percent to 11,622 million yen (£56 million) for the three months ending December 31.

“Sports games played the most significant role in Konami’s third-quarter performance, with the publisher calling out World Soccer Winning Eleven 2008, Jikkyou Pawafuru Major League 2, and Jikkyou Pawafuru Puroyakyu 14 as top sellers in Europe and Japan,” said this. “Konami also said that the Dance Dance Revolution franchise continues to sell well in North America.”

PlayStation 3 profitability has driven record revenues for Sony in its quarter ending December 31, with net income rising 25 percent to 200.2 billion yen over the same period in the previous year. The company has now raised its full-year forecast 3 percent to 340 billion yen.

The news will delight PS3-loving industry-watchers, as the machine now appears to be solidly placed and advancing into a period that will see price cuts and major releases for 2008 in the form of GTA IV, GT5, FFXIII (maybe), Killzone 2 (maybe) and MGS4.

Analysts are expecting EA to come close to guidance for its third quarter when the company announces figures tomorrow, showing around 90 cents profit per share, slightly down from the 95 cents the company upgraded to from 75 cents in November. Sales of $1.74 billion are expected.

Caution, however, is advised.

“The current market environment can be particularly violent on high multiple stocks performing ‘only’ in-line with expectations and any conservative tone from management on future performance can be particularly damaging,” said Janco analyst Mike Hickey in a note to investors.

More here.