Konami Changing Trade Name, Financial Report Shows Net Revenue Down
Following the news that Konami has delisted itself from the New York Stock Exchange, Konami announced plans to change its trade name later this year.
Starting on October 1, 2015, Konami Coporation will be renamed Konami Holdings Corporation, which the company mentioned in a statement will help clarify its position to investors.
Ever since the Company shifted to a pure holding company structure on March 31, 2006, the Company has managed the operation of four primary businesses – Digital Entertainment, Health & Fitness, Gaming & Systems, and Pachislot & Pachinko Machines – at its group companies engaged in the aforementioned businesses.
As the Company enters the 10th year under the pure holding company structure in March next year, the Company aims to once again promote a clear understanding of its position among stakeholders by changing the trade name.
Konami Digital Entertainment also post their financial report for the last fiscal year, and it showed that the company’s net revenue went down by 7.1 percent from the previous year. The net revenue posted was around ¥96,975 million (around $80,000). Likely, this is due to a lower number of video game releases last fiscal year.
Does it surprise you at all that Konami’s revenue is down? And at this point, do you even care if the publisher has changed its name?