Konami does not qualify for government bailout

There’s no easy way to say this, so luckily I’m just typing it: Konami’s profits have fallen 94% from last year. Now, this isn’t as bad as it sounds. In their first quarter of their fiscal year, which ended on June 30, Konami garnered a tasty $585 million in revenue, of which $3.83 million was profit. Part of the blame for these decreased numbers rests with a man named Snake. Last year during this time period, Konami released a little game entitled Metal Gear Solid 4. The publisher’s biggest releases this summer have been more modest: Power Pro Major League 2009 and Winning Eleven Playmaker 2009.

So, Konami’s lower numbers were somewhat expected. The company itself isn’t too worried, either. Their plans for the future include focusing on building original titles, in addition to furthering their sports and music franchises, including the Pro Evolution and Dance Dance Revolution series. This is good news for everyone, because if there’s one thing we can all agree on, it’s that we love to dance, dance, dance.

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