Konami Forecasts Sharp Fall In Revenue [Business]

post from Kotaku on 03 November 2009 11:40:00 AM. © Kotaku

2008 was a good year for Konami — you could say it was solid. This year isn't so solid.

Later this week, Konami is expected to announce its earnings for the April-September 2009 period, and the company expects a 22.5 percent drop in revenues compared to the same period last year. The companies net income is expected to plummet to $24 million, an 81.6 percent drop.

Metal Gear Solid IV was released worldwide on June 12, 2008.

Even with the steep drop off, Konami does expect some sales growth during this fiscal year.

Konami projects 22.5% six-month sales slip [GameSpot]