Holding(s) in Company

Konami Corporation
1 April 2002



Form No. 1

Change Report No.1

(Report in accordance with Article 27-25,
Paragraph 1 of the Securities and Exchange Law)

To:  Director of Kanto Financial Bureau

Name:             KONAMI CORPORATION              Effective date of
                                                  reporting duty  March 25, 2002
Address or head
office location   3-1, Toranomon 4-chome,Minato-ku, Tokyo   Submitted on    
                                                            April 1, 2002

1.  Matters Regarding Submitter

  1.  Issuing company                                       
                                                                               
   Name of issuing     HUDSON SOFT Co., Ltd   Company code 4822
     company                                  Listed

   Listed securities   Osaka                      Total number of submitter
     exchange                                     and joint holders         2

   Head office         4-22 Hiragishi Sanjo 5-chome, Toyohira-ku,
   Location            Sapporo, Hokkaido             Submitting method   Jointly

2.  Submitter (Substantial Shareholder)

    Judicial person        Stock company

Name                   KONAMI CORPORATION

Address or head
office location        3-1, Toranomon 4-chome, Minato-ku, Tokyo 


             Date of Incorporation       Name of
Judicial     March 19, 1973              Representative   Kagemasa Kozuki
Person
             Business   Global           Title of         Representative
             Purposes   Entertainment    Representative   Director and President

Place to contact and
name of person in charge:   Noriaki Yamaguchi
                            Representative Director and CFO
         Telephone number:  03 (3578) 0573 (general number)

3.  Holding purposes

KONAMI CORPORATION aims at mutual utilization of major contents and distribution
network by investing for strategic business alliance including a capital tie-up
with HUDSON SOFT CO., LTD

Name of submitter
(Substantial Shareholder)        KONAMI CORPORATION


4.  Breakdown of stock, etc, held by the submitter

               Main Text of Article     Article 27-23,    Article 27-23, 
               27-23, Paragraph 3       Paragraph 3,      Paragraph 3, Item 2
                                        Item 1         
Stock              7,079,333  shares           shares           0    shares

Warrants           A       0  shares                      H     0    shares

Warrant            B       0  shares                      I     0    shares
securities                                                                                       

Convertible        C       0  shares                      J     0    shares
bonds      

Warrant bonds      D       0  shares                      K     0    shares
 
Target securities  E                                      L
covered warrants 

Stock depositary
receipts

Stock related
depositary 
receipts           F                                     M

Target securities  G                                     N
redeemable bonds                                                                        

Total              O 7,079,333 shares   P    shares      Q      0    shares

Number of stock,
etc, which
were               R         0 shares           Total number of issued and
transferred through                             outstanding stock 
a margin                                        U  16,214,000 shares      
transaction                                     (as of November 20, 2001)                  
and which are to
be deducted
                                                Percentage of stock, etc,
Total Number of                                 held by the above-stated
held stock,etc,    S   7,079,333 shares         submitter              43.66%
 (O+P+Q+R)                                      S/(T+U)x100)

Number of 
potentially (or
constructively)
held stock, etc.   T          0 shares          Percentage of stock, etc. 
(A+B+C+D+E+F+G+H+I+J+K                          held stated in preceding 
+L+M+N)                                         report                43.66%

5. Conditions concerning acquisition or disposal during the last sixty (60) days
   of stock, etc, issued by issuing company  

Date      Kind of Stock etc    Number     Distinction between        Unit Price
                                          acquisition & disposal
                  
                                         *1 Acquisition 2 Disposal

6.  Material agreements including security agreements related to the stock, etc.

    1.  Type of Contract: Stock Option Contract
    2.  Contract with:    347 Directs and Employee of HUDSON SOFT CO., LTD
    3.  Number of Shares: 500,000 shares

7.  Funds for acquiring held stock, etc

(1)  Breakdown of funds for acquisition

Amount of own funds                          Total amount of 
(thousands of yen)      R  5,000,552         loans (thousands of Yen)  S


Other funds (specifically)       -
                                 

                                             Total amount of other funds
                                              (thousands of Yen)       T   

Total amount of funds for acquisition
          (R+S+T) (thousands of yen)                      5,000,522


2) Breakdown of Loans

Number  *Name             Type of   *Name of        *Location 'Purpose
        (name of branch)  business   Representative              of      Amount 
                                                              borrowing (Y1,000) 

1                                                              *1   2





Form No. 1

Change Report No.1

(Report in accordance with Article 27-25,
Paragraph 1 of the Securities and Exchange Law)

To:  Director of Kanto Financial Bureau

Name:                                             Effective date of
                                                  reporting duty  March 25, 2002
Address or head
office location                                   Submitted on April 1, 2002

1.  Matters Regarding Submitter

  1.  Issuing company                                       
                                                                               
   Name of issuing     HUDSON SOFT Co., Ltd   Company code 4822
     company                                  Listed

   Listed securities   Osaka                      Total number of submitter
     exchange                                     and joint holders         2

   Head office         4-22 Hiragishi Sanjo 5-chome, 
   Location            Toyohira-ku,               Submitting method   Jointly
                       Sapporo, Hokkaido

2.  Submitter (Substantial Shareholder)

    Judicial person        Stock company

Name                   Konami Capital, Inc.

Address or head
office location        28, Kandasuda-cho 1-chome, Chiyoda-ku, Tokyo


             Date of Incorporation       Name of
Judicial     December 1, 1987            Representative   Seiji Ito
Person
                                         Title of         Representative
                                         Representative   Director and President

             Business Purposes  Leasing, trading and managing real estate, 
                                finance, non-life insurance agent

Place to contact and
name of person in charge:  Hirofumi Nishio
                           Director and Executive Manager
                        
         Telephone number:  03 (3254) 0573 (general number)

3.  Holding purposes

Konami Capital, Inc. invested for Konami Group to aim at mutual utilization of 
major contents and distribution network through strategic business alliance 
including a capital tie-up with HUDSON SOFT CO., LTD.

Name of submitter
(Substantial Shareholder)        KONAMI CORPORATION

4.  Breakdown of stock, etc, held by the submitter

               Main Text of Article     Article 27-23,    Article 27-23, 
               27-23, Paragraph 3       Paragraph 3,      Paragraph 3, Item 2
                                        Item 1         
Stock                294,667  shares           shares           0    shares

Warrants           A       0  shares                      H     0    shares

Warrant            B       0  shares                      I     0    shares
securities                                                                                       

Convertible        C       0  shares                      J     0    shares
bonds      

Warrant bonds      D       0  shares                      K     0    shares
 
Target securities  E                                      L
covered warrants 

Stock depositary
receipts

Stock related
depositary 
receipts           F                                     M

Target securities  G                                     N
redeemable bonds                                                                        

Total              O  294,667 shares    P    shares      Q      0    shares

Number of stock,
etc, which
were               R        0 shares             Total number of issued and
transferred through                              outstanding stock 
a margin                                         U  16,214,000 shares   
transaction                                      (as of November 20, 2001)                 
and which are to
be deducted
                                                Percentage of stock, etc,
Total Number of                                 held by the above-stated
held stock,etc,    S  294,667 shares            submitter               1.82%
 (O+P+Q+R)                                      S/(T+U)x100)

Number of 
potentially (or
constructively)
held stock, etc.   T        0 shares            Percentage of stock, etc. 
(A+B+C+D+E+F+G+H+I+J+K                          held stated in preceding 
+L+M+N)                                         report                 1.82%

5. Conditions concerning acquisition or disposal during the last sixty (60) days
  of stock, etc, issued by issuing company  

Date      Kind of Stock etc    Number     Distinction between        Unit Price
                                          acquisition & disposal

                                          *1 Acquisition 2 Disposal

6.  Material agreements including security agreements related to the stock, etc.

    NONE

7.  Funds for acquiring held stock, etc

(1)  Breakdown of funds for acquisition

Amount of own funds                          Total amount of 
(thousands of yen)      R                    loans (thousands of Yen)  S


Other funds (specifically)       -
                                 

                                             Total amount of other funds
                                              (thousands of Yen)       T   

Total amount of funds for acquisition
          (R+S+T) (thousands of yen)                     


(2) Breakdown of loans

Number  *Name             Type of   *Name of        *Location 'Purpose'
        (name of branch)  business   Representative               of      Amount 
                                                              borrowing  (Y1,000)   

1                                                             * 1   2


III.  Statement of submitter and joint holders

  1.  Submitter and joint Holders
      
     (1) KONAMI CORPORATION
     (2) Konami Capital Inc.
     
2.  Breakdown of stock, etc, held by the submitter and the joint holders

               Main Text of Article     Article 27-23,    Article 27-23, 
               27-23, Paragraph 3       Paragraph 3,      Paragraph 3, Item 2
                                        Item 1         
Stock              7,374,000  shares           shares           0    shares

Warrants           A       0  shares                      H     0    shares

Warrant            B       0  shares                      I     0    shares
securities                                                                                       

Convertible        C       0  shares                      J     0    shares
bonds      

Warrant bonds      D       0  shares                      K     0    shares
 
Target securities  E                                      L
covered warrants 

Stock depositary
receipts

Stock related
depositary 
receipts           F                                     M

Target securities  G                                     N
redeemable bonds                                                                        

Total              O 7,374,000 shares    P  0 shares     Q      0    shares

Number of stock,
etc, which
were               R         0 shares            Total number of issued and
transferred through                              outstanding stock 
a margin                                         U  16,214,000 shares   
transaction                                     (as at December 3, 2001)                 
and which are to
be deducted
                                                Percentage of stock, etc,
Total Number of                                 held by the above-stated
held stock,etc,    S 7,374,000 shares           submitter              45.48%
 (O+P+Q+R)                                       S/(T+U)x100)
Number of 
potentially (or
constructively)
held stock, etc.   T         0 shares           Percentage of stock, etc. 
(A+B+C+D+E+F+G+H+I+J+K                          held stated in preceding 
+L+M+N)                                         report                 45.48%


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