Konami stock shares suffer after MGS 4 delay announcement

We know some of you are disappointed right now after Konami announced yesterday that it is pushing back the release date of PlayStation 3 game Metal Gear Solid 4: Guns of the Patriots. The title was originally scheduled to hit retail shelves this winter but the company decided to release it sometime in Q2 2008.

Well, as much as you guys are disappointed, know that Konami is not at all feeling comfy and secure at this point as well. According to the latest report from Bloomberg, the Tokyo-based video game developer and publisher suffered shares decline just right after the announcement.

Konami’s shares dropped by 6.8% to 3,160 Yen (US$ 27.31) while the benchmark Nikkei 225 Stock Average gained 0.8%. This is the largest shares drop the company has suffered since 2003. Quite interestingly, some analysts are speculating that the delay was intended to boost the sales for the next fiscal year.

Mitsubishi UFJ analyst Hirotoshi Murakami had this to say, “Investors were active sellers today because of disappointment over the delay. It may be the company’s strategy to boost earnings next fiscal year with the game software.”

Via Bloomberg

We know some of you are disappointed right now after Konami announced yesterday that it is pushing back the release date of PlayStation 3 game Metal Gear Solid 4: Guns of the Patriots. The title was originally scheduled to hit retail shelves this winter but the company decided to release it sometime in Q2 2008.

Well, as much as you guys are disappointed, know that Konami is not at all feeling comfy and secure at this point as well. According to the latest report from Bloomberg, the Tokyo-based video game developer and publisher suffered shares decline just right after the announcement.

Konami’s shares dropped by 6.8% to 3,160 Yen (US$ 27.31) while the benchmark Nikkei 225 Stock Average gained 0.8%. This is the largest shares drop the company has suffered since 2003. Quite interestingly, some analysts are speculating that the delay was intended to boost the sales for the next fiscal year.

Mitsubishi UFJ analyst Hirotoshi Murakami had this to say, “Investors were active sellers today because of disappointment over the delay. It may be the company’s strategy to boost earnings next fiscal year with the game software.”

Via Bloomberg