Result of Meeting

Konami Corporation
13 May 2002

May 13, 2002



KONAMI CORPORATION

NEWS RELEASE

Announcement of transferring arcade operation business from Konami Amusement Operation, Inc. to AmLead Co., Ltd.


Concentration on main business and efficient utilization of management resources


KONAMI CORPORATION (KONAMI) is pleased to announce that KONAMI, Konami Amusement Operation, Inc. (KAO), JAFCO Co., Ltd.
(JAFCO) and AmLead Co., Ltd. (AmLead) reached agreement on transferring KAOfs arcade operation business to AmLead.


KAO is operating 18 arcades under the name of CIRCO PORTO in Japan. KONAMI has utilized these facilities for the
research purpose on amusement machine business. However, it is decided that CIRCO PORTO completed its purpose and to
transfer arcade operation business to AmLead who is engaged in arcade operation as main business to utilize KONAMI
management resources intensively for advantageous business.


By this transfer, KONAMI practically withdraws from arcade operation business. However, KONAMI will continue to make
effort to strengthen its designing, production, manufacturing and sales of highly value-added amusement machines by
concentrating on the function as a maker.




1.      Outline of KAO (before spinning-off)

i.      Company name: Konami Amusement Operation, Inc.

ii.     Main business: Operation of arcades, Lending and selling amusement machines

iii.    Stockholder: Konami Capital, Inc. (100%), (Konami Capital, Inc. is 100% subsidiary of KONAMI)

iv.     Date of foundation: 1 May, 1996

v.      Address of headquarters: 4-10-13 Higashishinagawa, Shinagawa-ku, Tokyo

vi.     Representative: Mamoru Ota

vii.    Annual sales: 6,779 million yen (2001FY)

viii.   Capital: 1,500 million yen

ix.     Total assets: 4,084 million yen (as of 31 March, 2002)

x.      Fiscal Year Closed: 31 March

xi.     Number of employees: 57 (as of 31 March, 2002)




2. @Outline of AmLead and JAFCO

AmLead was established as a company in Seiyu Group to operate arcades in large shopping centers. AmLead spun-off from
Seiyu Group in June 1999 by way of MBO with the investment from the fund managed and operated by JAFCO.


AmLead is an independent operator of large arcades through out Japan, mainly at busy streets and large shopping centers
in big cities. AmLead has been aggressively taking over other companiesf superior arcade operation business aiming at
the expansion of its business.

As arcades operated by KAO have similar concept of those of AmLead, it is expected that AmLead could enjoy fruits by
integrating both companiesf skill and know-how of arcade operation after this transfer.


1. @Outline of AmLead



i.      Company name: AmLead Co., Ltd

xii.    Main business: Operation of arcades

xiii.   Stockholder: JAFCO Buyout No.1 Fund (64.4%), Dutch Asia Private Equity Fund (21.4%)

xiv.    Date of foundation: 1 October, 1992

xv.     Address of headquarters: 2-11 Nishiki-cho, Kanda, Chiyoda-ku, Tokyo

xvi.    Representative: Tsutomu Tanaka

xvii.   Annual sales: 3,224 million yen (2001FY)

xviii.  Capital: 919 million yen

xix.    Fiscal Year Closed: 31 March

xx.     Number of employees: 49 (as of 31 March, 2002)


2.       Outline of JAFCO



i.      Company name: JAFCO Co., Ltd

ii.     Main business: Investment on private equity

iii.    Stockholder: NOMURA SECURITIES CO., LTD. (16.4%), NOMURA RESERCH INSTITUTE LTD. (11.8%)

iv.     Date of foundation: 5 April, 1973

v.      Address of headquarters: 1-8-2 Marunouchi, Chiyoda-ku, Tokyo

vi.     Representative: Mitsumasa Murase

vii.    Annual sales: 72,290 million yen (2000FY (Consolidated))

viii.   Capital: 33,198 million yen

ix.     Balance of investment: 229,811 million yen (as of 30 September, 2001)

x.      Fiscal Year Closed: 31 March

xi.     Number of employees: 391 (as of 30 September, 2001 (Consolidated))




3. Scheme

KAO spun-off its arcade operation business and established new company named Kei Ei Oh, Inc. as 100% subsidiary on 11
May 2002. And KAO will transfer all equity of this company to AmLead.




4. Employees

In principle, continuous employment has been agreed with AmLead.




5. Schedule

Spinning-off of arcade operation business                        on 11 May 2002

Signing on contract of transfer                                  on 13 May 2002

Transfer of equity                                               on 31 May 2002




6.Perspective after the transfer

This transfer has no significant impact on estimation of consolidated financial result for 2002FY.




Inquiry:

KONAMI CORPORATION.  Public Relation Department

4-3-1 Toranomon, Minato-ku, Tokyo

Tel:  [phone]

Fax:  [phone]

Email: [e-mail]

http://www.konamikonami.com/





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