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Since the 1990s, Japanese game developers have sought to stabilize the infamously volatile cash flows associated with multi-year game development cycles. However, what was once fruitful diversification into the realms of arcade management, licensed goods retail, or esports has become a liability in the coronavirus pandemic era.
Instead, like the other 'Big 4' Japanese game developers, Konami (KNAMF; KNMCY) has seen digital entertainment sales soar since March, with total revenues in digital entertainment up 36.0% YoY and operating profit up 57.9% YoY, while other segments have soured as arcades, sports facilities, and