Final Results

RNS Number : 5065Y

Konami Holdings Corporation

09 May 2019

 

Consolidated Financial Results
for the Year Ended March 31, 2019
(Prepared in Accordance with IFRS)
May 9, 2019
KONAMI HOLDINGS CORPORATION
Address:	7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, LSE:	KNM
URL:	https://www.konami.com/
Shares listed:	Tokyo Stock Exchange and London Stock Exchange
Representative:	Takuya Kozuki, Representative Director, President
Contact:	Junichi Motobayashi, Corporate Officer, General Manager, Finance and Accounting (Phone: [phone])
Date of General Shareholders Meeting:	June 26, 2019	Beginning date of dividend payment:	June 12, 2019

(Amounts are rounded to the nearest million, except percentages and per share amounts)
1. Consolidated Financial Results for the Year Ended March 31, 2019
(1) Consolidated Results of Operations                   (Millions of Yen, except percentages and per share amounts)
	Revenue	Operating profit	Profit before income taxes	Profit for the year	Profit attributable to owners of the parent	Total comprehensive income for the year
Year ended March 31, 2019   % change from previous year	262,549 9.6%	50,522 11.8%	50,310 12.5%	34,217 12.2%	34,196 12.1%	35,189 21.5%
Year ended March 31, 2018   % change from previous year	239,497 4.2%	45,181 24.3%	44,709 25.9%	30,506 17.4%	30,507 17.6%	28,959 12.6%

			Basic earnings per share (attributable to owners of the parent) (yen)	Diluted earnings per share (attributable to owners of the parent) (yen)			Return on profit attributable to owners of the parent		Ratio of profit　before income taxes to total assets	Ratio of operating profit to revenue
Year ended March 31, 2019			252.86	249.02			12.9%		13.6%	19.2%
Year ended March 31, 2018			225.59	222.21			12.5%		12.8%	18.9%
Reference:		Profit from investments accounted for using the equity method
	Year ended March 31, 2019:					279 million yen
	Year ended March 31, 2018:					292 million yen

(2) Consolidated Financial Position              (Millions of Yen, except percentages and per share amounts)
	Total assets	Total equity	Total equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent	Equity attributable to owners of the parent per share (yen)
March 31, 2019	378,037	276,404	275,627	72.9%	2,038.16
March 31, 2018	363,108	254,539	253,782	69.9%	1,876.62

(3) Consolidated Cash Flows																(Millions of Yen)
					Net cash provided by (used in)											Cash and cash equivalents at the end of year
					Operating activities			Investing activities				Financing activities
Year ended March 31, 2019					49,131			(22,527)			(22,416)					159,242
Year ended March 31, 2018					53,980			(18,484)			(14,798)					154,485
2. Cash Dividends
Record Date			Cash dividends per share (yen)							Total cash dividends (annual)				Payout ratio (consolidated)			Cash dividend rate for equity attributable to owners of the parent (consolidated)
			First quarter end	Second quarter end		Third quarter end	Year end		Annual
Year ended March 31, 2018			-	30.00		-	38.00		68.00	Y9,196 million				30.1%			3.8%
Year ended March 31, 2019
Regular dividends			-	35.50		-	40.50		76.00	Y10,278 million				30.0%			3.9%
Commemorative dividends			-	25.00		-	25.00		50.00	Y6,761 million				19.8%			2.5%
Total			-	60.50		-	65.50		126.00	Y17,039 million				49.8%			6.4%
Year ending March 31, 2020 (Forecast)			-	38.00		-	38.00		76.00	*******				34.3%			*******
Note)	KONAMI HOLDINGS CORPORATION celebrated the 50th anniversary of its founding on March 21, 2019, we intend to award commemorative dividends in addition to regular dividends for the year ended March 31, 2019. Furthermore, the payment of dividends for the next fiscal year ending March 31, 2020 will maintain the same level of regular dividends for the year ended March 31, 2019 which was based on the record profits achieved.

3. Consolidated Earnings Forecast for the Year Ending March 31, 2020
(Millions of Yen, except percentages and per share amounts)
		Revenue	Operating profit	Profit before income taxes	Profit attributable to owners of the parent	Basic earnings per share (attributable to owners of the parent) (yen)
Year ending March 31, 2020  % change from previous year		270,000 2.8%	47,000 (7.0)%	46,000 (8.6)%	30,000 (12.3)%	221.84
Note)	Although we expect profit growth from our operating business for the next fiscal year ending March 31,2020, we expect to incur temporary expenses of approximately five billion yen related to the relocation to our owned building, "Konami Creative Center Ginza." The temporary expenses include rent expenses for the period after leaving the current rental building, until the fiscal year ending March 31, 2021. Please refer to "1. Business Performance (1) Overview of Business Performance (iii) Outlook for the Fiscal Year Ending March 31,2020" for further details.

Noted Items

(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 policies and accounting estimate

1.      Changes in accounting policies required by IFRS: Yes

2.      Other changes: No

3.      Changes in accounting estimate: No

 

(3)  Number of shares issued (Share capital)

1.	Number of shares issued: (Treasury shares included)
	As of March 31, 2019	143,500,000	shares
	As of March 31, 2018	143,500,000	shares
2.	Number of treasury shares:
	As of March 31, 2019	8,266,959	shares
	As of March 31, 2018	8,266,259	shares
3.	Average number of shares outstanding:
	Year ended March 31, 2019	135,233,307	shares
	Year ended March 31, 2018	135,234,933	shares

(Reference) Summary of Non-consolidated Financial Results

Results for the Year Ended March 31, 2019

(1) Non-consolidated Results of Operation     (Millions of Yen, except percentages and per share amounts)
	Operating revenues	Operating income	Ordinary income	Net income
Year ended March 31, 2019  % change from previous year	24,870 51.3%	21,860 62.3%	21,989 61.8%	21,860 59.4%
Year ended March 31, 2018  % change from previous year	16,443 (3.3)%	13,469 (8.4)%	13,590 (8.3)%	13,710 38.2%

	Basic net income per share (yen)	Diluted net income  per share (yen)
Year ended March 31, 2019	161.65	158.99
Year ended March 31, 2018	101.38	99.71

(2) Non-consolidated Financial Position                     (Millions of Yen, except percentages)
				Total assets	Total net assets			Equity ratio		Net assets per share (yen)
March 31, 2019				243,568	223,972			92.0%		1,656.20
March 31, 2018				241,444	215,475			89.2%		1,593.36
	Reference:		Total Stockholders' equity
		Year ended March 31, 2019:					223,972 million yen
		Year ended March 31, 2018:					215,475 million yen

Earnings release (Kessan Tanshin) regarding these consolidated financial results is not subject to auditing procedures.

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, Amusement, and Gaming & Systems businesses; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Sports 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 page 9, 10, 11, and 12 for further information regarding our business forecasts.

KONAMI HOLDINGS CORPORATION (the "Company") disclosed the supplemental data for the consolidated financial statements via the Company's website on May 9, 2019.

As for the full text of the earnings release, please refer to the attached PDF File as below,

http://www.rns-pdf.londonstockexchange.com/rns/5065Y_1-2019-5-9.pdf 

 

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