Japan’s Konami Group is expected to continue generating healthy cash flow in the immediate future thanks to the post-COVID recovery of all business units – including Gaming & Systems – according to Japan Credit Rating Agency Ltd (JCR).
The update formed part of a Friday note from the ratings agency in which it affirmed Konami’s Long-term Issuer Rating at A+ with a Stable outlook. The gaming giant has, it explained, regained its earnings power across all business units post-COVID.
Konami operates four core business units, with Digital Entertainment – comprising the same of mobile games, console video games and card games – by far the largest, accounting for almost 70% of group-wide revenues in the nine months to 31 December 2024.
