News Release: Earnings Foreca

RNS Number : 6514B

Konami Corporation

30 October 2009

 



October 30, 2009

FOR IMMEDIATE RELEASE

KONAMI CORPORATION Kagemasa Kozuki, Representative Director and Chief Executive Officer Shares listed: Tokyo, New York and London Stock Exchange Contact: Noriaki Yamaguchi, Representative Director and Chief Financial Officer  Tel: [phone]

News Release: Earnings Forecast

for the Six Months Ended September 30, 2009

Konami Corporation hereby announces its earnings forecast for the six months ended September 30, 2009.

Earnings Forecast for the Consolidated Interim Results in accordance with U.S. GAAP

(Millions of Yen)
	Net revenues	Operating income	Income before income taxes	Net income attributable to Konami Corporation
Earnings Forecast for the six months  ended September 30, 2009	113,900	4,500	4,000	2,200
Results for the six months  ended September 30, 2008	146,904	22,844	22,408	11,964
Change	(33,004)	(18,344)	(18,408)	(9,764)
Percentage Change (%)	(22.5)	(80.3)	(82.1)	(81.6)

Even though the figures for the consolidated business performance for the six months ended September 30, 2009 were approximate to the projected ones in all segments, net revenues and profits of the consolidated interim results are expected to decrease when compared with the figures corresponding to September 30, 2008, mainly due to factors such as the fact that main titles released by our Digital Entertainment segment for the current fiscal year were not scheduled to be released until the second half of the year while in the same period last year major titles, in particular, METAL GEAR SOLID 4 GUNS OF THE PATRIOTS, had already been released.

There are no changes to earnings forecast for the fiscal year ending March 31, 2010 which was announced in the consolidated financial results for the year ended March 31, 2009, and filed with the Securities and Exchange Commission on May 14, 2009.

< Reference: Consolidated Earnings Forecast for the Year Ending March 31, 2010>

(Millions of Yen)
	Net revenues	Operating income	Income before income taxes	Net income attributable to Konami Corporation
(2009/4 - 2010/3)  Earnings Forecast for the Year	310,000	30,000	28,500	16,000

Cautionary Statement with Respect to Forward-Looking Statements:

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 & System 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.

 

END

 

 

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