Final Results

RNS Number : 3414E

Konami Corporation

09 May 2013

 



Consolidated Financial Results
for the Year Ended March 31, 2013
(Prepared in Accordance with U.S. GAAP)
May 9, 2013
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
Shares listed:	Tokyo Stock Exchange, New York Stock Exchange, and London Stock Exchange
Representative:	Takuya Kozuki, Representative Director, President
Contact:	Yasuyuki Yamaji, Corporate Officer, General Manager, Corporate Planning (Phone: [phone])
Date of General Shareholders Meeting:	June 27, 2013
Date of dividend payment:	June 6, 2013
Adoption of U.S. GAAP:	Yes

(Amounts are rounded to the nearest million)
1. Consolidated Financial Results for the Year Ended March 31, 2013
(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, 2013   % change from previous year			225,995 (15.0)%		21,875 (46.6)%			21,915 (45.2)%	13,174 (42.8)%
Year ended March 31, 2012   % change from previous year			265,758 3.0%		40,950 97.0%			40,026 109.8%	23,012 77.9%
Note:		Comprehensive income
	Year ended March 31, 2013:					Y16,902 million	a year-on-year decrease of 26.0%
	Year ended March 31, 2012:					Y22,840 million	a year-on-year increase of 116.2%

			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, 2013			95.04	95.04			6.0%		6.7%	9.7%
Year ended March 31, 2012			166.23	166.23			11.2%		12.5%	15.4%
Reference:		Equity in net income of affiliated company
	Year ended March 31, 2013:					Y44 million
	Year ended March 31, 2012:					Y52 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, 2013	322,948	225,999	225,425	69.8%	1,626.23
March 31, 2012	328,006	215,720	215,458	65.7%	1,554.31

(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, 2013			10,236			(11,575)			(12,377)				63,669
Year ended March 31, 2012			37,915			(7,646)			(13,254)				76,451
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, 2012		-		25.00	-		25.00	50.00		Y6,932 million		30.1%			3.4%
Year ended March 31, 2013		-		25.00	-		25.00	50.00		Y6,930 million		52.6%			3.1%
Year　ending March 31, 2014 -Forecast-		-		17.00	-		17.00	34.00				30.4%

3. Consolidated Earnings Forecast for the Year Ending March 31, 2014
(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, 2014  % change from previous year	232,000 2.7%	27,000 23.4%	26,000 18.6%	15,500 17.7%	111.82

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 consolidated financial statements

1.     Changes accompanying amendment of accounting standard: Yes

2.     Other: None

         Please refer to page 28 for further information regarding amendment of accounting standard.

(3)   Number of shares issued (Common Stock)

1.	Number of shares issued: (Treasury stock included)
	Year ended March 31, 2013	143,500,000	shares
	Year ended March 31, 2012	143,500,000	shares
2.	Number of Treasury Stock:
	Year ended March 31, 2013	4,881,940	shares
	Year ended March 31, 2012	4,879,848	shares
3.	Average number of shares outstanding:
	Year ended March 31, 2013	138,619,128	shares
	Year ended March 31, 2012	138,433,751	shares

(Reference) Summary of Non-consolidated Financial Results

1. Results for the Year Ended March 31, 2013

 (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, 2013   % change from previous year	28,469 55.2 %	22,471 64.9 %	23,959 72.7 %	23,900 77.2 %
Year ended March 31, 2012   % change from previous year	18,348 11.7%	13,623 13.4%	13,869 16.1%	13,488 8.6%

	Basic net income per share (yen)	Diluted net income  per share (yen)
Year ended March 31, 2013	172.42	-
Year ended March 31, 2012	97.44	-

(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, 2013			218,170		192,906	88.4%	1,391.64
	March 31, 2012			220,601		175,870	79.7%	1,268.72
Reference:			Total Stockholders' equity
		Year ended March 31, 2013:				Y192,906 million
		Year ended March 31, 2012:				Y175,870 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) the timing of the release of new game titles and products, especially game titles and products that are part of historically popular series; (v) our ability to successfully expand internationally with a focus on our Digital Entertainment business and Gaming & Systems business; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness business; (vii) regulatory developments and changes and our ability to respond and adapt to those changes; (viii) our expectations with regard to further acquisitions and the integration of any companies we may acquire; and (ix) the outcome of existing contingencies. Please refer to pages 9, 10 and 11 for further information regarding our business forecasts.

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The Company disclosed the supplemental data for the consolidated financial statements via the Company's website on May 9, 2013. 

 

END

 

 

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