Final Results March 31, 2011

RNS Number : 4613G
Konami Corporation
12 May 2011
 



Consolidated Financial Results

for the Year Ended March 31, 2011

(Prepared in Accordance with U.S. GAAP)

May 12, 2011


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/index.html

Shares listed:

Tokyo Stock Exchange, New York Stock Exchange, and London Stock Exchange

Representative:

Kagemasa Kozuki, Representative Director and Chairman of the Board, President

Contact:

Yasuyuki Yamaji, Corporate Officer, General Manager, Corporate Strategy

(Phone: +81-3-5771-0222)

Date of General Shareholders Meeting:

June 29, 2011

Date of dividend payment:

June 8, 2011

Adoption of U.S. GAAP:

Yes

 

(Amounts are rounded to the nearest million)


1. Consolidated Financial Results for the Year Ended March 31, 2011


(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

 

Year ended March 31, 2011

  % change from previous year

257,988

(1.6)%

20,791

11.4%

19,082

11.4%

12,934

(2.9) %

 

Year ended March 31, 2010

  % change from previous year

262,144

(15.4) %

18,664

(31.8) %

17,122

(30.7) %

13,314

22.4%

 

Note:


Comprehensive income

 


Year ended March 31, 2011:


Y10,562 million

a year-on-year decrease of 19.0%

 


Year ended March 31, 2010:


Y13,041 million

a year-on-year increase of 55.4%

 

 


Basic net income attributable to KONAMI CORPORATION per share (yen)

Diluted net income attributable to KONAMI CORPORATION per share (yen)

Return on stockholders' equity attributable to KONAMI CORPORATION

Ratio of income before income taxes to total assets

Ratio of operating income to net revenues

Year ended March 31, 2011

96.48

96.48

6.8%

6.2%

8.1%

Year ended March 31, 2010

99.76

99.76

7.3%

5.7%

7.1%

 

Reference:


Equity in net income of affiliated companies


Year ended March 31, 2011:


Y41 million


 


Year ended March 31, 2010:


Y56 million


 

 

(2) Consolidated Financial Position                                     (Millions of Yen, except percentages and per share amounts)


Total assets

Total equity

KONAMI CORPORATION stockholders' equity

KONAMI CORPORATION stockholders'

equity ratio

KONAMI CORPORATION stockholders'

equity per share (yen)

 

March 31, 2011

313,891

198,407

193,914

61.8%

1,424.36

 

March 31, 2010

298,198

189,231

184,465

61.9%

1,382.16

 

 

(3) Consolidated Cash Flows                                                                                                        (Millions of Yen)



Net cash provided by (used in)

Cash and

cash equivalents at end of year

 



Operating

activities

Financing

activities

 



 

Year ended March 31, 2011

26,605

(10,773)

(6,182)

59,541

 

Year ended March 31, 2010

14,297

(6,449)

(10,744)

50,740

 









2. Cash Dividends




Record Date

Cash dividends per share (yen)

Total cash dividends (annual)

Payout ratio

(consolidated)

Cash dividend rate for stockholders' equity

(consolidated)

First quarter end

Second quarter end

Third quarter end

Year end

Annual

Year ended March 31, 2010

-

27.00

-

27.00

54.00

Y7,206 million

54.1%

4.0%

Year ended March 31, 2011

-

16.00

-

16.00

32.00

Y4,314 million

33.2%

2.3%

Year ending March 31, 2012 -Forecast-

-

16.00

-

16.00

32.00


31.7%


 

 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2012

(Millions of Yen, except percentages and per share data)


Net revenues

Operating

income

Net income

before income taxes

Net income attributable to KONAMI CORPORATION

Net income attributable to KONAMI CORPORATION per share (yen)

Year ending March 31, 2012

  % change from previous year

258,000

0.0%

26,000

25.1%

24,000

25.8%

14,000

8.2%

100.99

Note:


We do not disclose projected consolidated results for interim periods.

 

 

 

4. Other

(1)   Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation) : Yes

New: One company - Takasago Electric Industry Co., Ltd.

(2)   Changes in accounting principles, procedures and reporting policies for quarterly consolidated financial statements (items to be disclosed in "Significant change in preparation basis for quarterly consolidated financial statements")

1.

Changes accompanying amendment of accounting standard: Yes

 2.

Other: None

  Please refer to page 30 for details.

(3)   Number of shares issued (Common Stock)

 1.

Number of shares issued: (Treasury stock included)



 Year ended March 31, 2011

143,500,000

 shares


 


 Year ended March 31, 2010

143,500,000

 shares


 

 2.

Number of Treasury Stock:


 


 Year ended March 31, 2011

7,359,029

 shares


 


 Year ended March 31, 2010

10,039,336

 shares


 

 3.

Average number of shares outstanding:


 


 Year ended March 31, 2011

134,065,450

 shares


 


 Year ended March 31, 2010

133,461,138

 shares


 

 

 

(Reference) Summary of Non-consolidated Financial Results

 

1. Results for the Year Ended March 31, 2011

 (1) Non-consolidated Results of Operations

(Millions of Yen, except percentages and per share data)


Operating revenues

Operating income

Ordinary income 

Net income

Year ended March 31, 2011

  % change from previous year

16,430

(14.8)%

12,011

(17.8)%

11,943

(17.6)%

12,423

(11.8)%

Year ended March 31, 2010

  % change from previous year

19,295

(10.1)%

14,609

(7.3)%

14,495

(7.8)%

14,092

49.1 %

 


Basic net income per share (yen)

Diluted net income  per share (yen)

Year ended March 31, 2011

92.67

-

Year ended March 31, 2010

105.60

-

 

(2) Non-consolidated Financial Position

 

(Millions of Yen, except percentages and per share data)

 

 


Total assets

Total net assets

Equity ratio

Net assets

per share

 

 

March 31, 2011

190,189

164,269

86.4%

1,206.61

 

 

March 31, 2010

178,743

153,012

85.6%

1,146.50

 

Reference:


Total Stockholders' equity


Year ended March 31, 2011:


Y164,269 million



Year ended March 31, 2010:


Y153,012 million


 

 



Information Regarding the Audit Review Procedures:

This report is outside the scope of the procedures for audit of consolidated financial statements as required under the Financial Instruments and Exchange Act of Japan. The aforementioned procedures have not been completed 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) our ability to successfully expand internationally with a focus on our Digital Entertainment business and Gaming & Systems 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.

 

Please refer to pages 10, 11 and 12 for further information regarding our business forecasts.

 

In accordance with a share exchange agreement between the Company and HUDSON SOFT CO., LTD. ("HUDSON"), a consolidated subsidiary of the Company, the Company executed the share exchange on April 1, 2011 and made HUDSON a wholly owned subsidiary of the Company. Under this share exchange, the Company used approximately 2,491 mil shares of its treasury stock for the allocation of shares to HUDSON's shareholders. As a result, per share data on consolidated earnings forecast was calculated by the number of shares issued, which had recognized the decrease of the treasury stock.

 

The Company disclosed the supplemental data for the consolidated financial statements via the Company's website on May 12, 2011.

 

 

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