News of Metal Gear Solid 4’s delay has resulted in Konami Digital Entertainment’s shares witness the largest decline in almost four years, with the company recording a drop of 6.8 per cent on the Tokyo Stock Exchange yesterday morning.
This puts shares of the Japanese software giant at its lowest since December 8, 2003.
“Investors were active sellers today because of disappointment over the delay”, said Hirotoshi Murakami, analyst for Mitsubishi UFJ in a telephone interview with Bloomberg.
“It may be the company’s strategy to boost earnings next fiscal year with the game software.”
Konami announced yesterday that the PlayStation 3-exclusive title would now be released in the second quarter of 2008, having previously been scheduled for release this winter.
Source: Bloomberg