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Konami's largest drop in stocks since 2003
sirpalee | 3:52 PM on 11.01.2007 5 comments


As you can excepted the official statement of Metal Gear Solid 4's delay is not only made the gamers angry (well some of them), but it had it's side effects on the financial status of Konami corp.

Konami shares fell 6.8 percent to 3,160 yen at the 11 a.m. break on the Tokyo Stock Exchange, while the benchmark Nikkei 225 Stock Average gained 0.8 percent. Shares of Tokyo-based Konami had the largest drop since Dec. 8, 2003.

Some gamers think it's a good thing, that they'll recieve a polished, more matured game, but it seems the investors think differently... Well after all -6.8% isn't a good thing, but Konami will suvive it. Probably they will get back their money when MGS4 will be out(multiplied at least 10 times :) ).

Konami on Oct. 29 kept its forecast for net income to rise 13 percent to 18.3 billion yen ($159 million) this fiscal year, while sales are expected to climb 5.3 percent to 295 billion yen.



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3 comments | showing # 1 to 3
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Aerox's Avatar - Comment posted on 11/01/2007 16:00
Aerox
The question is how much was caused by the delay, and how much was caused by the massive stock slump in general.
sirpalee's Avatar - Comment posted on 11/01/2007 16:06
sirpalee
It happened one day after the delay... So probably because of the delay :) .
kobewan0824's Avatar - Comment posted on 11/01/2007 16:18
kobewan0824
Well, I'm sure they will make a lot of money, but this game sure looks like it was expensive to make. I wonder if Sony is helping out here or something. They keep delaying it and pouring more $ into it, they wont see the kind of return they were looking for. Can you say "Port"?
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