Forecast Amendment-Replacemnt

Konami Co Ltd
2 March 2000


The issuer has made the following amendment to the 'Forecast Amendment'
announcement released today at 7:14 under RNS No 5428G.

In section II, the names of relevant shareholders should read Kozuki Foundation
for High Education and not Kozuki Foundation for Information Education.

All other details remain unchanged.


The full corrected version is shown below.

I.  AMENDMENT OF FISCAL 2000 FORECAST (YEAR ENDING MARCH 31,2000)

1. The estimates for both non-consolidated and consolidated results of Net
sales, Recurring profit, Net income of Fiscal 2000 (Year ending March 31,
2000) have been amended as following:

Non-consolidated results

                                                      (Millions of yen)
                       Net sales       Recurring profit       Net income
Estimated  on
November 18, 1999       124,000         22,000                14,000
Estimates  
after amendment         126,500         24,500                16,000
Changes                 2,500           2,500                 2,000


Consolidated results
                                                      (Millions of yen)
                      Net sales        Recurring profit       Net income
Estimated  on
November 18, 1999       144,000         27,000                17,000
Estimates 
after amendment         145,000         29,000                18,000
Changes                 1,000           2,000                 1,000


2. The estimates for cash dividends per share of Fiscal 2000 have been changed
as following in line with our objective for cash dividends to shareholders at
30% of consolidated net income.

Cash Dividends per share
                                                                (Yen)
                     Interim           Year-end                Annual
Estimated  on
November 18, 1999     45.00             45.00                  90.00
Estimates  
after amendment        -                50.00                  95.00

For your reference, the financial results of Fiscal 1999 (Year ending March
31, 1999) were as following:                                                  
                                                        (Millions of yen)     
        
                    Net sales           Recurring profit       Net income
Non-consolidate     100,779             12,918                 5,006
Consolidate         113,413             16,176                 5,104
Cash dividends per share (Yen)
                   Interim             Year-end                Annual
                    15.0O               28.00                  43.00



II.  NOTICE OF CHANGE IN MAJOR SHAREHOLDERS

This is to inform you of a change in our major shareholders effective March
27, 2000.

1. Background
The Kozuki Foundation for Information Education, a non-profit incorporated
foundation, received permission to incorporate effective March 2, 2000 (the
foundation will be overseen by the Ministry of Education). The shareholder
below transferred 3 million shares of Konami to serve as the basic assets of
the foundation.

2. Names of relevant shareholders
(1)Name:       Kozuki Foundation for High Education
(2)Address:    4-3-5 Naka Yamate-dori, Chuo-ku, Kobe-shi, Hyogo Prefecture
(3)Chairman:   Kagemasa Kozuki
(4)Purpose:    To advance education in Hyogo Prefecture by providing
assistance to educators, promoting education and culture, and awarding
scholarships to students.

3.Holdings of shareholder, percentage of total issued and outstanding shares

             Shares owned       Percentage of total         Shareholder rank
                              issued and outstanding 
                              shares   
    
Before      6,657,328 shares       11.70%                     2nd
(September 
30, 1999)                               
After       3,657,328 shares        6.43%                     4th

4.Scheduled date of change
March 27, 2000 

5.Impact of change
We do not anticipate any impact from this change.