Konami stocks have hit record highs since confirming a Momotaro Dentetsu game and the strong performance of its beleaguered soccer series, eFootball.
As reported by GameBiz and translated by Automaton, the Momotaro Dentetsu series — launched in December 1988 — is one of the company's strongest IPs, with sales totalling 18.9 million, almost double that of its horror franchise, Silent Hill, which has sold 11.7m copies since it launched in March 1999.
Momotaro Dentetsu is a long-running Monopoly-like board game-style Japanese video game series in which players travel by rail, ship, and airplane whilst trying to acquire properties and avoiding the "God of Poverty." Despite its name, it'll be the twenty-fifth instalment of the franchise, excluding numerous additional mobile spin-offs.
Konami isn't the only Japanese publisher seeing strong stock performances; according to GameBiz. "Konami Group has been hitting new highs since its listing every day," the report states. "Nintendo, Bandai Namco Holdings, Sega Sammy Holdings, Square Enix Holdings, Capcom, and Koei Tecmo Holdings are high, while Sony Group is low."
Konami released its financial results for the nine months ending December 31, 2024, back in Feburary, reporting that revenues increased 22% to ¥310.8 billion and profits rose 38% to ¥87.1 billion. As a result of the overall increase in revenue and profits, Konami has revised its forecasts for the current financial year.
The firm initially expected full-year revenues to reach ¥380 billion ($2.4 billion), which has been revised to ¥412 billion ($2.6 billion) – an increase of 14.3%.
