Konami delists from New York Stock Exchange

Following the announcement of the cancellation of Silent Hills, Konami has announced that they are voluntarily delisting themselves from the New York Stock Exchange, effective as of April 24th. In short, they were a publicly traded company and now they are a private company.

In order for a company to be public on the stock market, there are expensive compliance requirements that must be met. These compliance costs had Konami spending around $5 million, says analyst Michael Pachter.

Doing easy math, if Konami were to make $100 million a year, going private would save them about 5% of their income. This delisting from the New York Stock Exchange could also come from public perception of the company and how they foresee future sales. With the removal of Hideo Kojima (creator of the Metal Gear series) and the cancellation of Silent Hills, Konami might see a decline in their profits this year. Going private could save them heartache on that front.

As a show of good faith, Konami will continue to disclose their financial statements and "other information" in English.

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