1st Quarter Results

RNS Number : 7385L

Konami Corporation

04 August 2011

 



Consolidated Financial Results
for the Three Months Ended June 30, 2011
(Prepared in Accordance with U.S. GAAP)
August 4, 2011
KONAMI CORPORATION
Address:	7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, NYSE:	KNM
URL:	http://www.konami.co.jp/en/index.html
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:	Yasuyuki Yamaji / Corporate Officer, General Manager, Corporate Strategy (Phone: [phone])
Beginning date of dividend payment:	-
Adoption of U.S. GAAP:	Yes

(Amounts are rounded to the nearest million)
1. Consolidated Financial Results for the Three Months Ended June 30, 2011
(1) Consolidated Results of Operations                             (Millions of Yen, except percentages and per share amounts)
			Net revenues		Operating income			Income before income taxes and equity in net income of affiliated companies	Net income attributable to KONAMI CORPORATION
Three months ended June 30, 2011   % change from previous period			54,915 3.3%		7,024 144.0%			6,706 173.5%	4,043 219.7%
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%
Note:		Comprehensive income
	Three months ended June 30, 2011:					\3,405 million
	Three months ended June 30, 2010:					\(716) million

	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, 2011	29.30	29.30
Three months ended June 30, 2010	9.48	9.48

(2) Consolidated Financial Position                         (Millions of Yen, except percentages and per share amounts)
				Total assets		Total equity		KONAMI CORPORATION stockholders' equity						KONAMI CORPORATION stockholders' equity ratio
June 30, 2011				301,246		199,679		199,511						66.2%
March 31, 2011				313,891		198,407		193,914						61.8%
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, 2011			-		16.00		-		16.00		32.00
Year ending March 31, 2012			-
Year ending March 31, 2012 -Forecast-					16.00		-		16.00		32.00
Note:		Change in earnings forecasts for the fiscal year ending March 31, 2012 during the three months ended June 30, 2011: None

3. Consolidated Earnings Forecast for the Year Ending March 31, 2012
(Millions of Yen, except percentages and per share data)
			Net revenues	Operating income	Net income before income taxes	Net income attributable to KONAMI CORPORATION	Net income attributable to KONAMI CORPORATION per share (yen)
Year ending March 31, 2012   % change from previous year			258,000 0.0%	26,000 25.1%	24,000 25.8%	14,000 8.2%	100.99
Note:	1. 2.	Change in earnings forecasts for the fiscal year ending March 31, 2012 during the three months ended June 30, 2011: None We do not disclose projected consolidated results for interim periods.

4. Other

(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 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, 2011	143,500,000	shares
	Year ended March 31, 2011	143,500,000	shares
2.	Number of Treasury Stock:
	Three months ended June 30, 2011	4,870,433	shares
	Year ended March 31, 2011	7,359,029	shares
3.	Average number of shares outstanding:
	Three months ended June 30, 2011	138,008,408	shares
	Three months ended June 30, 2010	133,460,547	shares

Information Regarding the Audit Review Procedures:

This report is outside the scope of the procedures for audit of 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 document.

Cautionary Statement with Respect to Forward-Looking Statements and Other Matters:

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 & Systems 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 9, 10 and 11 for further information regarding our business forecasts.

The Company disclosed the supplemental data for the consolidated financial statements via the Company's website on August4, 2011.

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