Subsidiary's Revised Forecast

Konami Corporation
04 March 2003


FOR IMMEDIATE RELEASE

                                                                                                          March 4, 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 Japan, Inc.)



Konami Corporation's subsidiary, Konami Computer Entertainment Japan, Inc. (the ''Company'') set the returning profits
to shareholders as a material management issue and based cash dividends 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 profits to shareholders.

Accordingly, Konami Corporation hereby announces that 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, except per share data)


                                  Net Revenues       Ordinary Income       Net Income       Year-end Dividend
                                                                                              per Share (yen)
Previous forecast (A)                     7,200               2,685               1,600                45.00
Revised forecast (B)                      7,200               2,850               1,700                60.00
Change (B)-(A)                                -                 165                 100                15.00
Change (Percentage)                           -                6.1%                6.3%                    -


(Note)

There was no payment of an interim cash dividend.


2.       Reasons for the revision

The Company revised its earnings forecast upwards as shown above because of continuous solid sales of the Yu-Gi-Oh!
series in the overseas market.

The Yu-Gi-Oh! series has received a significant public attention since the series was introduced in North America in
March 2002. Yu-Gi-Oh! Dark Duel Stories for the GameBoy Color and Yu-Gi-Oh! The Eternal Duelist Soul for the GameBoy
Advance became hits selling more than one million copies each. The series has also been launched in Europe since
November 2002.

Due to the above reasons, year-end dividend per share for the fiscal year ending March 31, 2003 has been revised from
45.00 yen to 60.00 yen.





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



                                                                              (Millions of yen, except per share data).


                                   Net Revenues       Ordinary Income       Net Income      Year-end Dividend
                                                                                              per Share (yen)
Financial results for the                 9,054               3,486               1,873                78.00
year ended March 31, 2002


(Notes)

1.       Year-end dividend per share of 78.00 yen includes 20.00 yen of memorial dividend for the Company's initial
         public offering.

2.       There was no payment of an interim cash dividend.


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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