Stock Option Plan Prospectus

Konami Co Ltd
21 September 2000


                        Prospectus for Stock Option Plan

On  September  13,  2000, we announced stock option plan to  our  employees  and
directors  and  employees of the affiliated companies and  sales  agents  to  be
implemented  on September 22, 2000. In this regard, we would like to  inform 
you the Prospectus for the Stock Option as follows.

Stocks for Stock Option Plan

The  stocks to be used for Stock Option are our par-value common stocks held  by
our  shareholder (company's stock), The Sakura Bank, Ltd. The bank  trusted  The
Toyo Trust and Banking Co., Ltd. (management trust company)with the stocks based
on  management  trust  agreement. The stocks will be  sold  with  pre-determined
exercise  price on the basis of an agreement between The Toyo Trust and  Banking
Co.,  Ltd.  and 785 our employees and directors and employees of our  affiliated
companies and sales agents (granted employees).

1. Number of Stocks for Option: 120,900

2. Owner of Stocks:

   The Sakura Bank, Ltd.
   1-3-1 Kudan-minami, Chiyoda-ku, Tokyo

3. Total Value of Stocks: 1,408,726,800 yen 
The total value of stocks for option can be calculated as follows:

Closing price of the company's stock at TSE on Sep. 21, 2000 X 1.20 X Number of
stocks for Option

4. Stock Trade Agreement

'Stock trade agreement with pre-determined price' will be concluded on Sep.  22,
2000 (grant date).

Conditions of Stock Option

1. Selling Price: 11,652 yen


Selling price represents the exercise price of stock and is determined by
the following formula: 

Closing price of the company's stock at TSE on Sep. 21, 2000 X 1.20

In  addition,  at  the occurrence of the stock split-ups or split-down  after
the  grant date, the exercise price of stock is to be adjusted along with the
ratio  of  the  stock split-ups or down, and numbers less than  1  yen  being
generated by the adjustment can be rounded up.
Also,  in case to issue new stocks (transactions related to convertible bonds
and  warrants, and increase of capital stock with market value are excluded)
below the market value after the grant date, the exercise price per share can
be  adjusted using the following formula, and numbers less than 1  yen  being
generated by the adjustment can be rounded up.

    Exercise  Price  after  Adjustment = Exercise  Price before  Adjustment X   
   (Existing Number  of  Stocks  Issued  + (Number of New Stocks  to  be        
  Issued X Amount Paid-in per Share)/Stock Price before Issuing New Stocks) /   
 (Existing Number of Stocks Issued + Number of New Stocks to be Issued)

2. Unit of Stocks for Application: 100 Shares

3. Application Period 
Application period represents exercise period of the stock purchase rights at
exercise price.

4. Place of Application 
Place of application is Administration Office of KONAMI CORPORATION.

5. Date of payment
Date  of  the  payment represents when both the company and management  trust
company confirm the application for the purchase and the payment. Within  4th
operating  day  from the confirmation the management trust company  transfers
the  stock  certificates  to the granted employees'  accounts  at  The  Nikko
Securities Co., Ltd.

The  further  detailed information for the stock purchase rights at  exercise
price  is  to  be  based on stock trade agreement with pre-determined  price
concluded by the management trust company and the granted employees.

Summary of Operations and Financial Highlights

1. Summary of operations
The group consists of KONAMI CORPORATION, 31 consolidated subsidiaries and 2
affiliated companies applied under equity method. We as a group of digital
entertainment enterprise that provides various styles of entertainment through
computers, deal with the consumer-use software, amusement machines, gaming
machines, and creative products, amusement operations, financial operations, and
other operations.

2. Financial Highlights
(1) Consolidated Financial Highlights

Fiscal years ended March 31     1996     1997     1998     1999       2000

Net sales      (million yen)    56,491   69,435   89,623   113,413   146,666
Ordinary income(million yen)     2,262    7,587    6,232    16,176    31,103
Net income     (million yen)     1,316    6,024    5,003     5,104    18,344
Net assets   (million yen)      25,729   38,644   41,262    46,907    70,844
Total assets   (million yen)    75,412   83,532  107,659   117,383   136,080
Net assets per share   (yen)    777.21 1,084.76 1,168.92  1,304.51  1,246.08
Net income per share   (yen)     39.77   173.47   140.59    144.38    328.52
Diluted net income     (yen)     39.03   163.58   132.31    135.98    326.66
per share
Equity ratio            (%)       34.1     46.3     38.3      40.0      52.1
Return on equity        (%)        5.1     18.7     12.5      11.6      31.2
Price earnings ratio                -         -       -         -      21.31
Cash flows from        
operating 
activities      (million yen)       -         -       -         -     31,365
Cash flows from 
investing 
activities       (million yen)      -         -       -         -     12,880
Cash flows from 
financing 
activities       (million yen)      -         -       -         -    -10,015
Cash and cash   
equivalents (end 
of year)         (million yen)      -         -       -         -     57,365
Number of employees                 -         -       -     23,526     2,322
Number of                           -         -       -         -        394
temporary staffs

Notes:
1. Net sales do not include consumption tax.
2. On May 20, 1999, a 1.5-for-1 stock split was made. Net income per share for
  fiscal 2000 is retroactively adjusted for the stock split accordingly.
3. On May 19, 2000, a 2-for-l stock split was made. Considering the stock
  split, price earnings ratio for fiscal 2000 is to be 48.23.


(2) Non-consolidated Financial Highlights

Fiscal years ended March 31     1996       1997      1998      1999     2000
Net sales       (million yen) 43,109     55,235    71,984    100,779   130,124
Ordinary income (million yen)  3,245      7,655     5,528     12,918    25,374
Net income      (million yen)  3,156      6,004     5,002      5,006    16,236
Total shareholders'
equity        (million yen)    8,095     11,892    12,020     13,014    15,793
Number of shares issued    
(thousand shares)             33,105     35,625    35,409     36,069    56,868
Net assets      (million yen) 30,112     42,972    45,927     51,705    71,154
Total assets    (million yen) 69,853     73,852    84,736    103,527   120,859
Net assets per share    (yen) 909.59   1,206.23  1,297.03   1,433.51  1,251.21
Cash dividends per share(yen)  17.00      30.00     30.00      43.00     97.00
(Interim dividends             (8.50)    (11.00)   (15.00)    (15.00)   (45.00)
included)
Net income per share    (yen)  95.35     172.89    140.28     141.15    290.26
Diluted net income      (yen)  92.22     163.04    132.04     132.99    288.63
per share
Equity ratio            (%)     43.1       58.2      54.2       49.9      58.9
Return on equity        (%)     11.0       16.4      11.3       10.3      26.4
Price earnings ratio             -           -          -        -       24.12
Payout ratio            (%)    17.83      17.70     21.25      30.70     33.42
Number of employees              592        591       791        827       938

Notes:

1. Net sales do not include consumption tax.

2. On May 20, 1999, a 1.5-for-1 stock split was made. Net income per share for
fiscal 2000 is retroactively adjusted for the stock split accordingly.

4.3.  On  May 19, 2000, a 2-for-1 stock split was made. Considering  the  stock
split price earnings ratio for fiscal 2000 is to be 48.23.