Subsidiary's Revised Forcast

Konami Corporation
25 February 2003


FOR IMMEDIATE RELEASE


                                                                                                      February 25, 2003


                                                                                                     KONAMI CORPORATION
                                                                               2-4-1 Marunouchi Chiyoda-ku Tokyo, Japan
                                                                                                        Kagemasa Kozuki
                                                                                          Chairman of the Board and CEO
                                                                                                    Ticker 9766 at TSE1
                                                                                             Contact: Noriaki Yamaguchi
                                                                                       Executive Vice President and CFO
                                                                                                   Tel: [phone]



                    Subsidiary's Revised Forecast of Japanese GAAP Earnings and Dividends
                                       for the Fiscal Year Ending March 31, 2003
                                      (Konami Computer Entertainment Tokyo, Inc.)


Konami Corporation hereby announces that its subsidiary, Konami Computer Entertainment Tokyo, Inc. (the Company),
revised its Japanese GAAP earnings forecast and dividend forecast for the fiscal year ending March 31, 2003, which were
previously released on November 13, 2002.


1.       Earnings forecast for the fiscal year ending March 31, 2003 (April 1, 2002 to March 31, 2003)

                                                                                                      (Millions of yen)

                                     Net Revenues       Ordinary Income       Net Income       Year-end Dividend
                                                                                                  per Share
Previous forecast (A)                    11,000               3,050               1,750            49.00 yen
Revised forecast (B)                     13,300               4,300               2,450            85.50 yen
Change (B)-(A)                            2,300               1,250                 700            36.50 yen
Change (Percentage)                       20.9%               41.0%               40.0%                    -


2.       Reasons for the revision

During the fiscal year ending March 31, 2003, sales of Pro Evolution Soccer 2 and WORLD SOCCER WINNING ELEVEN 6:Final
Evolution for the PlayStation 2, and sales of the Dance Dance Revolution series for the overseas market have been
stronger than expected. As a result, net revenues, ordinary income and net income are expected to surpass the previous
forecast for the fiscal year ending March 31, 2003, and the Company revised its earnings forecast upwards as shown
above. Cash dividends had been based on the goal of paying out 40% of net income. However, from the fiscal year ending
March 31, 2003, the Company set a goal for cash dividends equivalent to 50% of net income to return more profit to
shareholders. Accordingly, cash dividends per share for the fiscal year ending March 31, 2003 have been revised from
49.00 yen to 85.50 yen.


3.       Reference: Financial results for the fiscal year ended March 31, 2002 (April 1, 2001 to March 31, 2002)

                                                                                                      (Millions of yen)

                                    Net Revenues       Ordinary Income        Net Income        Year-end Dividend
                                                                                                  per Share
Financial results for the                 8,118               1,870               1,066            32.50 yen
year ended March 31, 2002


Cautionary Statement with Respect to Forward-Looking Statements:


Statements made in this press release with respect to Konami's current plans, estimates, strategies and beliefs,
including the above forecasts regarding the Company, are forward-looking statements about the future performance of
Konami. 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 video game
software business, card game business and gaming machine business; (v) our ability to successfully expand the scope of
our business and broaden our customer base through our health and 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 contingencies.




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