1st Quarter Results

RNS Number : 5860Q

Konami Corporation

05 August 2010

 



Consolidated Financial Results
for the Three Months Ended June 30, 2010
(Prepared in Accordance with U.S. GAAP)
August 5, 2010
KONAMI CORPORATION
Address:	7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, NYSE:	KNM
URL:	www.konami.net
Shares listed:	Tokyo Stock Exchange, New York Stock Exchange and London Stock Exchange
Representative:	Kagemasa Kozuki / Representative Director and Chairman of the Board, President
Contact:	Noriaki Yamaguchi / Representative Director, Vice-President, Corporate Officer (Phone: [phone])
Beginning date of dividend payment:	-
Adoption of U.S. GAAP:	Yes

1. Consolidated Financial Results for the Three Months Ended June 30, 2010

(Amounts are rounded to the nearest million)

(1) Consolidated Results of Operations

(Millions of Yen, except per share data)
	Net revenues	Operating income	Income before income taxes and equity in net income of affiliated company	Net income attributable to KONAMI CORPORATION
Three months ended June 30, 2010   % change from previous period	53,183 (5.0)%	2,879 187.9%	2,452 171.2%	1,265 244.7%
Three months ended June 30, 2009   % change from previous period	55,975 (20.9)%	1,000 (91.4)%	904 (92.3)%	367 (93.5)%

	Basic net income attributable to KONAMI CORPORATION per share (yen)	Diluted net income attributable to KONAMI CORPORATION per share (yen)
Three months ended June 30, 2010	9.48	9.48
Three months ended June 30, 2009	2.75	2.75

(2) Consolidated Financial Position

	(Millions of Yen, except per share amounts)
		Total assets	Total equity	KONAMI CORPORATION stockholders' equity	KONAMI CORPORATION stockholders' equity ratio	KONAMI CORPORATION stockholders' equity per share
June 30, 2010		285,847	184,989	180,144	63.0%	1,349.79
March 31, 2010		298,198	189,231	184,465	61.9%	1,382.16

2. Cash Dividends
Record Date	Cash dividends per share (yen)
	First quarter end	Second quarter end		Third quarter end	Year end	Annual
Year ended March 31, 2010	-	27.00		-	27.00	54.00
Year ending March 31, 2011	-
-Forecast-		16.00		-	16.00	32.00

Change in dividend forecasts during the three months ended June 30, 2010: None

3. Consolidated Earnings Forecast for the Year Ending March 31, 2011
(Millions of Yen, except per share data)
		Net revenues	Operating income	Income before income taxes and equity in net income of affiliated company	Net income attributable to KONAMI CORPORATION	Net income attributable to KONAMI CORPORATION per share
Six months ending September 30, 2010		-	-	-	-	-
% change from the same period in previous year		-	-	-	-	-
Year ending March 31, 2011   % change from previous year		285,000 8.7%	24,500 31.3%	22,500 31.4%	13,500 1.4%	101.15
Note:	1.  Change in earnings forecasts for the fiscal year ending March 31, 2011 during the three months ended June 30, 2010: None 2.  We do not disclose consolidated earnings forecasts for the six months ending September 30, 2010

4. Other Please refer to page 10 for details.

(1)   Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation) : None

(2)   Adoption of simplified methods in accounting principles or specific accounting procedures for quarterly consolidated financial statements: None

(3)   Changes in accounting principles, procedures and reporting policies

1.	Changes accompanying amendment of accounting standard: None
2.	Other: None

(4)  Number of shares issued (Common Stock)

1.	Number of shares issued: (Treasury stock included)
	Three months ended June 30, 2010	143,500,000	shares
	Year ended March 31, 2010	143,500,000	shares
2.	Number of Treasury Stock:
	Three months ended June 30, 2010	10,039,513	shares
	Year ended March 31, 2010	10,039,336	shares
3.	Average number of shares outstanding:
	Three months ended June 30, 2010	133,460,547	shares
	Three months ended June 30, 2009	133,461,341	shares

Information Regarding the Quarterly Review Procedures:

This report is outside the scope of the procedures for review of quarterly consolidated financial statements as required under the Financial Instruments and Exchange Act of Japan. The aforementioned procedures have not been completed as of the time of disclosure of this report.

Cautionary Statement with Respect to Forward-Looking Statements:

Statements made in this document with respect to our current plans, estimates, strategies and beliefs, including the above forecasts, are forward-looking statements about our future performance. These statements are based on management's assumptions and beliefs in light of information currently available to it and, therefore, you should not place undue reliance on them. A number of important factors could cause actual results to be materially different from and worse than those discussed in forward-looking statements. Such factors include, but are not limited to: (i) changes in economic conditions affecting our operations; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar and the Euro; (iii) our ability to continue to win acceptance of our products, which are offered in highly competitive markets characterized by the continuous introduction of new products, rapid developments in technology and subjective and changing consumer preferences; (iv) our ability to successfully expand internationally with a focus on our Digital Entertainment business and Gaming & System business; (v) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness business; (vi) regulatory developments and changes and our ability to respond and adapt to those changes; (vii) our expectations with regard to further acquisitions and the integration of any companies we may acquire; and (viii) the outcome of existing contingencies. Please refer to pages 8 and 9 for further information regarding our business forecasts.

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