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The company released numerous games for the MSX home computer standard in 1983, followed by the Nintendo Entertainment System in 1985. It was during this period that Konami began expanding their video game business into the home consumer market following a brief stint releasing video games for the Atari 2600 in 1982 for the U.S. Many of their early games were licensed to other companies for US release, including Stern Electronics, Sega and Gremlin Industries. Konami began to achieve success with arcade games in the early 1980s, starting with Scramble (1981), followed by hits such as Frogger (1981), Super Cobra (1981), Time Pilot (1982), Roc'n Rope (1983), Track & Field (1983) and Yie Ar Kung-Fu (1985). Their first coin-operated video game was released in 1978, and they began exporting products to the United States the following year. The company's founder and chairman, Kagemasa Kōzuki (also known as Kaz Kozuki), ran a jukebox rental and repair business in Toyonaka, Osaka before transforming the business into a manufacturer of amusement machines for video arcades. The company was founded on 21 March 1969 and was officially incorporated under the name Konami Industry Co., Ltd. In 2011, Guinness World Records called it the top-selling trading card game in history, with 25.2 billion cards sold worldwide. The Yu-Gi-Oh! Trading Card Game is developed and published by Konami. As of March 2019, it owns 22 consolidated subsidiaries around the world. Its Australian gaming operations are in Sydney. In the United States, Konami manages its video game business from Aviation Blvd, California and its casino gaming business from Paradise, Nevada. The name Konami is a portmanteau of the names of three founding members: Kagemasa Kozuki, Yoshinobu Nakama, and Tatsuo Miyasako. The company originated in 1969 as a jukebox rental and repair business in Toyonaka, Osaka, Japan, by Kagemasa Kōzuki, who remains the company's chairman. Konami also publishes the Yu-Gi-Oh Trading Card Game. Konami is the nineteenth-largest game company in the world by revenue. Additionally Konami owns Bemani, known for Dance Dance Revolution and Beatmania, as well as the assets of former game developer Hudson Soft, known for Bomberman, Adventure Island, Bonk and Star Soldier.

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Konami's video game franchises include Metal Gear, Silent Hill, Castlevania, Contra, Frogger, Tokimeki Memorial, Parodius, Gradius, Yu-Gi-Oh!, Suikoden, and Pro Evolution Soccer.

Konami has casinos around the world and operates health and physical fitness clubs across Japan. Konami Group Corporation is a Japanese multinational video game and entertainment company headquartered in Chūō, Tokyo, it also produces and distributes trading cards, anime, tokusatsu, pachinko machines, slot machines, and arcade cabinets.