Earnings Forecast

Konami Corporation
29 October 2007


FOR IMMEDIATE RELEASE
                                                                                  October 29, 2007



                                                                                KONAMI CORPORATION
                                                            9-7-2 Akasaka, Minato-ku, Tokyo, Japan
                                                                                   Kagemasa Kozuki
                                                                   Representative Director and CEO
                                                                   Stock code number: 9766 at TSE1



                                                                        Contact: Noriaki Yamaguchi
                                                                   Representative Director and CFO
                                                                              Tel: [phone]


                                 News Release: Earnings Forecast

                           For the Six Months Ended September 30, 2007

Konami Corporation hereby announces its earnings forecast for the six months 
ended September 30, 2007.



       Earnings Forecast for the Consolidated Interim Results in accordance with U.S. GAAP
                                                                                 (Millions of yen)
                                  Net revenues      Operating     Income before     Net income
                                                     income       income taxes
Earnings Forecast for the six       133,700          13,000          13,000             6,200

months ended September 30,

2007
Results for the six months ended    119,599          10,115           9,884             5,114
September 30, 2006
Increase                               11.8%           28.5%           31.5%             21.2%

We forecast our consolidated earnings for the six months ended September 30,
2007, will increase when compared with the year-ago period. The Digital
Entertainment segment introduced a new style for playing its home video game
software by capitalizing on the differing features of each game console, and
achieved strong sales. In addition, games for amusement arcades showed favorable
sales.



Reference :

We will not revise the consolidated earnings forecast for the FY 2008, shown in
the below table, which was announced in the consolidated financial results for
the year ended March 31, 2007, and filed on May 22, 2007.


< Consolidated Earnings Forecast of FY2008 >

             (Millions of yen)
                                 Net revenues   Operating    Income before    Net income
                                                 income      income taxes
(2007/4 - 2008/3)   295,000        33,000        32,500       18,300

Earnings Forecast of FY2008




There are no changes to the cash dividend forecast, which previously was
announced in the consolidated financial results for the year ended March 31,
2007 filed on May 22, 2007. (Interim dividend is JPY 27.00 per share and
dividend for the year is JPY 54.00 per share.)


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
managementfs 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 exercise entertainment 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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