News Release:Revision of the Consolidated Forecast

RNS Number : 5133R

Konami Corporation

04 November 2011

 



November 4, 2011

FOR IMMEDIATE RELEASE

KONAMI CORPORATION Kagemasa Kozuki, Representative Director and Chairman of the Board, President Shares listed: Tokyo, New York and London Stock Exchange Contact: Yasuyuki Yamaji, Corporate Officer, General Manager, Corporate Strategy  Tel: [phone]

News Release: KONAMI CORPORATION Announces Revision of the Consolidated Forecast for the Fiscal Year Ending March 31, 2012

KONAMI CORPORATION (the "Company") hereby announces the revision of its consolidated earnings forecast for the fiscal year ending March 31, 2012, which was released on May 12, 2011 in its Consolidated Financial Results for the Year Ended March 31, 2011 in light of its recent business performance.

Revision of Consolidated Results Forecast (U.S. GAAP)

(Millions of yen)
For the fiscal year ending March 31, 2012 (from April 1, 2011 to March 31, 2012)
	Net revenues	Operating income	Net income before income taxes	Net income attributable to KONAMI CORPORATION	Net income attributable to KONAMI CORPORATION per share (yen)
Previous forecast (A) Released on May 12, 2011	258,000	26,000	24,000	14,000	100.99
Revised forecast (B)	258,000	33,000	31,500	18,500	133.64
Change (B - A)	-	7,000	7,500	4,500
Percentage Change (%)	-	26.9%	31.3%	32.1%
<For reference>
Results for the year ended March 31, 2011	257,988	20,791	19,082	12,934	96.48

(Reasons for the revision)

The Company revised its consolidated earnings forecast for the fiscal year ending March 31, 2012 as stated above due to the steady progress shown by all segments, including the Digital Entertainment segment.

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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, Gaming & Systems business and Pachinko & Pachinko Slot Machines 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.

 

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