Annual Financial Report

RNS Number : 2432S

Konami Corporation

14 May 2009

 



Consolidated Financial Results
for the Year Ended March 31, 2009
(Prepared in Accordance with U.S. GAAP)
May 14, 2009
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, London Stock Exchange and Singapore Exchange
Representative:	Kagemasa Kozuki, Representative Director and Chief Executive Officer
Contact:	Noriaki Yamaguchi, Representative Director and Chief Financial Officer (Phone: [phone])
Date of General Shareholders Meeting:	June 26, 2009
Date of dividend payment:	June 5, 2009
Adoption of U.S. GAAP:	Yes

1. Consolidated Financial Results for the Year Ended March 31, 2009
(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
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)%
Year ended March 31, 2008   % change from previous year	297,402 6.1%	33,839 20.2%	32,834 19.1%	18,345 13.2%

	Basic net income per share (yen)	Diluted net income per share (yen)	Return on stockholders' equity	Ratio of income　before income taxes to total assets	Ratio of operating income to net revenues
Year ended March 31, 2009	79.30	79.30	6.0%	8.0%	8.8%
Year ended March 31, 2008	133.63	133.57	10.3%	10.5%	11.4%

Notes:	Equity in net income of an affiliated company
	Year ended March 31, 2009:		Y(2,490) million
	Year ended March 31, 2008:		Y180 million
(2) Consolidated Financial Position   (Millions of Yen, except per share amounts)
		Total assets		Total stockholders' equity		Stockholders'  equity ratio	Stockholders' equity per share
March 31, 2009		301,670		178,632		59.2%	1,338.46
March 31, 2008		319,248		182,759		57.2%	1,330.88

(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, 2009		30,131	(5,715)	(21,004)	53,568
Year ended March 31, 2008		30,788	(15,359)	(19,818)	52,130

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, 2008	-	27.00	-	27.00	54.00	Y7,415 million		40.4%		4.1%
Year ended March 31, 2009	-	27.00	-	27.00	54.00	Y7,315 million		68.1%		4.0%
Year　ending March 31, 2010 -Forecast-	-	27.00	-	27.00	54.00	-		45.0%		-

3. Consolidated Earnings Forecast for the Year Ending March 31, 2010
(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, 2010   % change from previous year		310,000 0.1%	30,000 9.6%	28,500 15.3%	16,000 47.1%	119.88
Note: 1.	'Net income attributable to Konami Corporation' and 'Net income attributable to Konami Corporation per share' are equivalent to 'Net Income' and 'Net Income per share', respectively, up to the year ended March 31, 2009.

4. Other

• Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation) : None

• 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 24 for details.

• Number of shares issued (Common Stock)

  1.	Number of shares issued: (Treasury stock included)
  	Year ended March 31, 2009	143,500,000	shares
  	Year ended March 31, 2008	143,500,000	shares
  2.	Number of Treasury Stock:
  	Year ended March 31, 2009	10,038,498	shares
  	Year ended March 31, 2008	6,178,443	shares
  3.	Average number of shares outstanding:
  	Year ended March 31, 2009	137,124,130	shares
  	Year ended March 31, 2008	137,290,259	shares

   (Reference) Summary of Non-consolidated Financial Results

1. Results for the Year Ended March 31, 2009

 (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, 2009   % change from previous year	21,456 (15.8)%	15,755 (24.4)%	15,721 (23.2)%	9,454 (45.7)%
Year ended March 31, 2008   % change from previous year	25,478 254.1%	20,843 1,348.4%	20,475 1,502.1%	17,395 1,660.6%

	Basic net income per share (yen)	Diluted net income per share (yen)
Year ended March 31, 2009	68.95	-
Year ended March 31, 2008	126.70	126.65

(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, 2009	180,952	146,136	80.8%	1,094.97
March 31, 2008	178,565	149,272	83.6%	1,087.03

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 page 8 for information regarding the assumptions and other related items used in the preparation of these forecasts.

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