Konami reports half-year results and plans another base salary increase

Konami Group has released its second-quarter results for the fiscal year ending March 31, 2024. The November 2 announcement covers the six months ended September 30, 2023.

The presentation reports revenue of ¥153.9 billion and operating profit of ¥35.4 billion, with an interim dividend of ¥62 per share.

In our coverage, we highlighted the company’s stated plan for another base salary increase for full-time employees at domestic group companies, starting in March 2024. We welcomed that investment in staff.

Our original comment

KONAMI GROUP CORPORATION has posted 2Q financial results for the FY ending March 31, 2024 as well as Interim dividend amounts for stock holders.

Interesting to note, they have also announced "Starting in March 2024, the Konami Group will implement base salary increases for the second consecutive term for full-time employees at domestic group companies, with the aim of stabilizing employee income and creating a rewarding work environment."

In a year that has seen an alarming and disturbing amount of layoffs in the gaming industry from some of the most profitable companies in order to appease share holders and executive pay, its nice at least to see Konami reinvesting in its own full-time employees with pay increases for the second consecutive term. I hope this continues for years to come.

Konami’s announcement

Konami Group — second-quarter financial results announcement

Sources

Konami — financial results presentation · Konami — consolidated financial results · Konami Group announcement · MGN original post