Final Results March 31, 2011

RNS Number : 4613G

Konami Corporation

12 May 2011

 



Consolidated Financial Results
for the Year Ended March 31, 2011
(Prepared in Accordance with U.S. GAAP)
May 12, 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])
Date of General Shareholders Meeting:	June 29, 2011
Date of dividend payment:	June 8, 2011
Adoption of U.S. GAAP:	Yes

(Amounts are rounded to the nearest million)
1. Consolidated Financial Results for the Year Ended March 31, 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 company	Net income attributable to KONAMI CORPORATION
Year ended March 31, 2011   % change from previous year			257,988 (1.6)%		20,791 11.4%			19,082 11.4%	12,934 (2.9) %
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%
Note:		Comprehensive income
	Year ended March 31, 2011:					Y10,562 million	a year-on-year decrease of 19.0%
	Year ended March 31, 2010:					Y13,041 million	a year-on-year increase of 55.4%

	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, 2011	96.48	96.48	6.8%	6.2%	8.1%
Year ended March 31, 2010	99.76	99.76	7.3%	5.7%	7.1%

Reference:		Equity in net income of affiliated companies
	Year ended March 31, 2011:			Y41 million
	Year ended March 31, 2010:			Y56 million

(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	KONAMI CORPORATION stockholders' equity per share (yen)
March 31, 2011	313,891	198,407	193,914	61.8%	1,424.36
March 31, 2010	298,198	189,231	184,465	61.9%	1,382.16

(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, 2011			26,605			(10,773)			(6,182)				59,541
Year ended March 31, 2010			14,297			(6,449)			(10,744)				50,740
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, 2010		-		27.00	-		27.00	54.00		Y7,206 million		54.1%			4.0%
Year ended March 31, 2011		-		16.00	-		16.00	32.00		Y4,314 million		33.2%			2.3%
Year　ending March 31, 2012 -Forecast-		-		16.00	-		16.00	32.00				31.7%

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:		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) : Yes

New: One company - Takasago Electric Industry Co., Ltd.

(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 30 for details.

(3)   Number of shares issued (Common Stock)

1.	Number of shares issued: (Treasury stock included)
	Year ended March 31, 2011	143,500,000	shares
	Year ended March 31, 2010	143,500,000	shares
2.	Number of Treasury Stock:
	Year ended March 31, 2011	7,359,029	shares
	Year ended March 31, 2010	10,039,336	shares
3.	Average number of shares outstanding:
	Year ended March 31, 2011	134,065,450	shares
	Year ended March 31, 2010	133,461,138	shares

(Reference) Summary of Non-consolidated Financial Results

1. Results for the Year Ended March 31, 2011

 (1) Non-consolidated Results of Operations

(Millions of Yen, except percentages and per share data)
	Operating revenues	Operating income	Ordinary income	Net income
Year ended March 31, 2011   % change from previous year	16,430 (14.8)%	12,011 (17.8)%	11,943 (17.6)%	12,423 (11.8)%
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 %

	Basic net income per share (yen)	Diluted net income  per share (yen)
Year ended March 31, 2011	92.67	-
Year ended March 31, 2010	105.60	-

(2) Non-consolidated Financial Position

	(Millions of Yen, except percentages and per share data)
				Total assets		Total net assets	Equity ratio	Net assets per share
	March 31, 2011			190,189		164,269	86.4%	1,206.61
	March 31, 2010			178,743		153,012	85.6%	1,146.50
Reference:			Total Stockholders' equity
		Year ended March 31, 2011:				Y164,269 million
		Year ended March 31, 2010:				Y153,012 million

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 10, 11 and 12 for further information regarding our business forecasts. In accordance with a share exchange agreement between the Company and HUDSON SOFT CO., LTD. ("HUDSON"), a consolidated subsidiary of the Company, the Company executed the share exchange on April 1, 2011 and made HUDSON a wholly owned subsidiary of the Company. Under this share exchange, the Company used approximately 2,491 mil shares of its treasury stock for the allocation of shares to HUDSON's shareholders. As a result, per share data on consolidated earnings forecast was calculated by the number of shares issued, which had recognized the decrease of the treasury stock.

The Company disclosed the supplemental data for the consolidated financial statements via the Company's website on May 12, 2011.

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