Japan’s Konami Holdings Corporation reported a loss of JPY925 million (US$8.8 million) for the second quarter for its gaming and systems division, compared to of JPY159 million for the same quarter last year. Segmental revenue declined 56.4 percent for the quarter, to JPY2.98 billion.
As with most other suppliers, the company cited worldwide casino shutdowns due to the Covid-19 pandemic as causing the losses.
“Measures were taken by governments of various nations in response to the coronavirus outbreak,” the firm said in a presentation. “With closures of casino facilities worldwide (with exceptions in some areas) since mid-March,” the gaming sector had been “forced to suspend most of its operations,” noted the firm.
The company did report a silver lining for its digital entertainment division, which sells mobile games and computer and video games. That segment reported a 36 percent jump in revenue.