Annual Financial Report

RNS Number : 8468L

Konami Corporation

13 May 2010

 



Consolidated Financial Results
for the Year Ended March 31, 2010
(Prepared in Accordance with U.S. GAAP)
May 13, 2010
KONAMI CORPORATION
Address:	7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, NYSE:	KNM
URL:	www.konami.net
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:	Noriaki Yamaguchi, Representative Director, Vice-President, Corporate Officer (Phone: [phone])
Date of General Shareholders Meeting:	June 29, 2010
Date of dividend payment:	June 8, 2010
Adoption of U.S. GAAP:	Yes

1. Consolidated Financial Results for the Year Ended March 31, 2010
(Amounts are rounded to the nearest million)
(1) Consolidated Results of Operations                            (Millions of Yen, except per share data)
	Net revenues	Operating income	Income before income taxes	Net income attributable to Konami Corporation
Year ended March 31, 2010   % change from previous year	262,144 (15.4)%	18,664 (31.8)%	17,122 (30.7)%	13,314 22.4%
Year ended March 31, 2009   % change from previous year	309,771 4.2%	27,361 (19.1)%	24,719 (24.7)%	10,874 (40.7)%

	Basic net income attributable to Konami Corporation per share (yen)	Diluted net income attributable to Konami Corporation per share (yen)	Return on stockholders' equity attributable to Konami Corporation	Ratio of income　before income taxes to total assets	Ratio of operating income to net revenues
Year ended March 31, 2010	99.76	99.76	7.3%	5.7%	7.1%
Year ended March 31, 2009	79.30	79.30	6.0%	8.0%	8.8%

Reference:

Equity in net income of an affiliated company

Year ended March 31, 2010:

Y56 million

Year ended March 31, 2009:

Y(2,490) million

Note:

Due to adoption of FASB Accounting Standards Codification 810, (former Statement of Financial Accounting Standards No.160), "Net income attributable to Konami Corporation" is used to herein to describe "Net Income" as the term was used for the year ended March 31, 2009.

(2) Consolidated Financial Position                           (Millions of Yen, except per share amounts)

Total assets

Total equity

Konami Corporation stockholders' equity

Konami Corporation stockholders' equity ratio

Konami Corporation stockholders' equity per share

March 31, 2010

298,198

189,231

184,465

61.9%

1,382.16

March 31, 2009

301,670

183,539

178,632

59.2%

1,338.46

(3) Consolidated Cash Flows                                                                                         　 (Millions of Yen)

			Net cash provided by (used in)										Cash and cash equivalents at end of year
			Operating activities			Investing activities			Financing activities
Year ended March 31, 2010			14,297			(6,449)			(10,744)				50,740
Year ended March 31, 2009			30,131			(5,715)			(21,004)				53,568
2. Cash Dividends
Record Date		Cash dividends per share (yen)								Total cash dividends (annual)		Payout ratio (consolidated)			Cash dividend rate for stockholders' equity (consolidated)
		First quarter end		Second quarter end	Third quarter end		Year end	Annual
Year ended March 31, 2009		-		27.00	-		27.00	54.00		Y7,315 million		68.1%			4.0%
Year ended March 31, 2010		-		27.00	-		27.00	54.00		Y7,206 million		54.1%			4.0%
Year　ending March 31, 2011 -Forecast-		-		16.00	-		16.00	32.00				31.6%

3. Consolidated Earnings Forecast for the Year Ending March 31, 2011
(Millions of Yen, except 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
Year ending March 31, 2011   % change from previous year		285,000 8.7%	24,500 31.3%	22,500 31.4%	13,500 1.4%	101.15
Note:	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)   Changes in accounting principles, procedures and reporting policies for quarterly consolidated financial statements (items to be disclosed in "Significant change in preparation basis for quarterly consolidated financial statements")

1.	Changes accompanying amendment of accounting standard: Yes
2.	Other: None   Please refer to page 25 for details.

(3)   Number of shares issued (Common Stock)

1.	Number of shares issued: (Treasury stock included)
	Year ended March 31, 2010	143,500,000	shares
	Year ended March 31, 2009	143,500,000	shares
2.	Number of Treasury Stock:
	Year ended March 31, 2010	10,039,336	shares
	Year ended March 31, 2009	10,038,498	shares
3.	Average number of shares outstanding:
	Year ended March 31, 2010	133,461,138	shares
	Year ended March 31, 2009	137,124,130	shares

 (Reference) Summary of Non-consolidated Financial Results

1. Results for the Year Ended March 31, 2010

 (1) Non-consolidated Results of Operations

(Millions of Yen, except per share data)
	Operating revenues	Operating income	Ordinary income	Net income
Year ended March 31, 2010   % change from previous year	19,295 (10.1)%	14,609 (7.3)%	14,495 (7.8)%	14,092 49.1 %
Year ended March 31, 2009   % change from previous year	21,456 (15.8)%	15,755 (24.4)%	15,721 (23.2)%	9,454 (45.7)%

	Basic net income per share (yen)	Diluted net income  per share (yen)
Year ended March 31, 2010	105.60	-
Year ended March 31, 2009	68.95	-

(2) Non-consolidated Financial Position

	(Millions of Yen, except per share data)
				Total assets		Total net assets	Equity ratio	Net assets per share
	March 31, 2010			178,743		153,012	85.6%	1,146.50
	March 31, 2009			180,952		146,136	80.8%	1,094.97
Reference:			Total Stockholders' equity
		Year ended March 31, 2010:				Y 153,012 million
		Year ended March 31, 2009:				Y 146,136 million

Cautionary Statement with Respect to Forward-Looking Statements:

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 & System 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 8 and 9 for further information regarding our business forecasts.

 
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