1st Quarter Results

RNS Number : 2907O

Konami Corporation

05 August 2014

 



Consolidated Financial Results
for the Three Months Ended June 30, 2014
(Prepared in Accordance with U.S. GAAP)
August 5, 2014
KONAMI CORPORATION
Address:	7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, NYSE:	KNM
URL:	http://www.konami.co.jp/en
Shares listed:	Tokyo Stock Exchange, New York Stock Exchange, and London Stock Exchange
Representative:	Takuya Kozuki, Representative Director, President
Contact:	Yasuyuki Yamaji, General Manager, Corporate Planning (Phone: [phone])
Beginning date of dividend payment:	-
Adoption of U.S. GAAP:	Yes

(Amounts are rounded to the nearest million)
1. Consolidated Financial Results for the Three Months Ended June 30, 2014
(1) Consolidated Results of Operations                             (Millions of Yen, except percentages and per share amounts)
		Net revenues	Operating income			Income before income taxes and equity in net income of affiliated company		Net income attributable to KONAMI CORPORATION
Three months ended June 30, 2014   Year-on-year changes (%)		48,606 6.6%	3,191 113.5%			2,624 22.4%		1,361 45.6%
Three months ended June 30, 2013   Year-on-year changes (%)		45,589 (7.2)%	1,495 (72.2)%			2,143 (53.9)%		934 (65.6)%
Note:	Comprehensive income attributable to KONAMI CORPORATION:
	Three months ended June 30, 2014:				907 million yen		a year-on-year decrease of 44.6%
	Three months ended June 30, 2013:				1,640 million yen		a year-on-year increase of 10.1%

	Basic net income attributable to KONAMI CORPORATION per share (Yen)	Diluted net income attributable to KONAMI CORPORATION per share (Yen)
Three months ended June 30, 2014	9.82	9.82
Three months ended June 30, 2013	6.74	6.74

(2) Consolidated Financial Position                                                                     (Millions of Yen, except percentages)
	Total assets	Total equity	KONAMI CORPORATION stockholders' equity	KONAMI CORPORATION stockholders' equity ratio
June 30, 2014	313,386	224,364	223,684	71.4%
March 31, 2014	320,251	225,792	225,133	70.3%

2. Cash Dividends
Record Date			Cash dividends per share (Yen)
			First quarter end	Second quarter end	Third quarter end	Year end	Annual
Year ended March 31, 2014			-	17.00	-	17.00	34.00
Year ending March 31, 2015			-
Year ending March 31, 2015 -Forecast-				8.50	-	8.50	17.00
Note:		Recently announced change in dividend forecasts for the fiscal year ending March 31, 2015 during the three months ended June 30, 2014: None

3. Consolidated Earnings Forecast for the Year Ending March 31, 2015
(Millions of Yen, except percentages and per share data)
			Net revenues	Operating income	Income before income taxes and equity in net income of affiliated company	Net income attributable to KONAMI CORPORATION	Net income attributable to KONAMI CORPORATION per share (Yen)
Year ending March 31, 2015  % change from previous year			220,000 1.1%	12,000 55.9%	11,000 19.2%	7,000 82.6%	50.50
Note:		Recently announced change in earnings forecasts for the fiscal year ending March 31, 2015 during the three months ended June 30, 2014: None

4. Other

(1)   Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation): None

(2)   Adoption of simplified methods in accounting principles for quarterly consolidated financial statements: None

(3)   Changes in accounting principles, procedures and reporting policies for consolidated financial statements

1.     Changes accompanying amendment of accounting standard: None

2.     Other: None

(4)   Number of shares issued (Common Stock)

1.	Number of shares issued: (Treasury stock included)
	As of June 30, 2014	143,500,000	shares
	As of March 31, 2014	143,500,000	shares
2.	Number of Treasury Stock:
	As of June 30, 2014	4,887,879	shares
	As of March 31, 2014	4,887,679	shares
3.	Average number of shares outstanding:
	Three months ended June 30, 2014	138,612,200	shares
	Three months ended June 30, 2013	138,616,903	shares

Information Regarding the Quarterly Review Procedures:

This report is outside the scope of the procedures for review of quarterly consolidated financial statements as required under the Financial Instruments and Exchange Act of Japan. The aforementioned procedures have not been completed for the quarterly financial statements included in this document as of the time of disclosure of this document.

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

 http://www.rns-pdf.londonstockexchange.com/rns/2907O_-2014-8-5.pdf

The Company disclosed the supplemental data for the consolidated financial statements via the Company's website on August 5, 2014.

 

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