Revision of Forecast 1

Konami Corporation
13 November 2002


FOR IMMEDIATE RELEASE
                                                                                                      November 13, 2002


                                                                                                     KONAMI CORPORATION
                                                                               2-4-1 Marunouchi Chiyoda-ku Tokyo, Japan
                                                                                                        Kagemasa Kozuki
                                                                                        Representative Director and CEO
                                                                                                    Ticker 9766 at TSE1
                                                                                             Contact: Noriaki Yamaguchi
                                                                                        Representative Director and CFO
                                                                                                   Tel: [phone]




               Subsidiary's Revised Forecast of Japanese GAAP Earnings and Dividends
                                       for the Fiscal Year Ending March 31, 2003
                                      (Konami Computer Entertainment Tokyo, Inc.)



Konami Corporation hereby announces today that its subsidiary, Konami Computer Entertainment Tokyo, Inc., revised its
Japanese GAAP earnings forecast and dividend forecast for the fiscal year ending March 31, 2003, which were previously
released on May 8, 2002.


1.     Earnings forecast for the fiscal year ending March 31, 2003


                                                                        (Millions of yen, except per share data)
                                                       Ordinary income                          Dividends per share
                                                                                                           (yen)
                                         Net revenues                             Net income
Previous forecast (A)                         10,000               2,250               1,300               36.00
Revised forecast (B)                          11,000               3,050               1,750               49.00
Change (B)-(A)                                 1,000                 800                 450               13.00
Change (Percentage)                            10.0%               35.6%               34.6%                   -
Reference:

Results for the fiscal year                    8,118               1,870               1,066               32.50
ended March 31, 2002


2.     Reasons for the revision



Video game software titles such as World Soccer Winning Eleven 6 for the PlayStation2 and Suikoden III, a role-playing
game title for the PlayStation2, sold very well and contributed to the favorable results of operations for the six
months ended September 30, 2002. Accordingly, net revenues, ordinary income and net income are expected to exceed the
previous forecast for the fiscal year ending March 31, 2003. As a result, Konami Computer Entertainment Tokyo, Inc.
decided to revise its earnings forecast upwards as shown above.

Konami Computer Entertainment Tokyofs basic policy regarding cash dividends is that they should in principle be
equivalent to 40% of net income to enhance the companyfs financial condition and future business expansion. Taking this
policy into consideration, cash dividends per share for the fiscal year ending March 31, 2003 were revised from 36 yen
to 49 yen.






Cautionary Statement with Respect to Forward-Looking Statements:


Statements made in this press release 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 video game software business, card game business and gaming
machine business; (v) our ability to successfully expand the scope of our business and broaden our customer base
through our health and 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 contingencies.






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