REG - Konami Group Corp - 1st Quarter Results

KonamiAnnouncement

01/08/2024 08:15

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RNS Number : 7654Y  Konami Group Corporation  01 August 2024

 

 

 Consolidated Financial Results
 for the Three Months Ended June 30, 2024
 (Prepared in Accordance with IFRS)
 August 1, 2024

 

 KONAMI GROUP CORPORATION
 Address:                             11-1, Ginza 1-chome, Chuo-ku, Tokyo, Japan
 Stock code number, TSE:              9766
 Ticker symbol, LSE:                  KNM
 URL:                                 https://www.konami.com/
 Shares listed:                       Tokyo Stock Exchange and London Stock Exchange
 Representative:                      Kimihiko Higashio, Representative Director, President
 Contact:                             Junichi Motobayashi, Corporate Officer, General Manager, Finance Division

                                      (Phone: +81-3-6636-0573)
 Beginning date of dividend payment:

                                      -

 

(Amounts are rounded to the nearest million, except percentages and per share
amounts)

1. Consolidated Financial Results for the Three Months Ended June 30, 2024

 (1) Consolidated Results of Operations  (Millions of Yen, except percentages and per share amounts)

 

                                                                                                            Profit

                                                                                                            attributable to

                                             Business   Operating   Profit before   Profit for the period   owners of the

                                   Revenue   profit     profit      income taxes                            parent
 Three months ended June 30, 2024  90,039    25,149     25,145      26,546          19,160                  19,160
 % change from previous year       24.0%     46.6%      46.6%       44.3%           43.3%                   43.3%
 Three months ended June 30, 2023  72,633    17,161     17,151      18,394          13,375                  13,375
 % change from previous year       1.0%      21.7%      22.2%       16.0%           17.0%                   17.0%

 

 Total comprehensive income for the period:  Three months ended June 30, 2024: 24,125 million yen; 26.4%
                                             Three months ended June 30, 2023: 19,092 million yen; 14.2%

 

 Note)  Business profit is calculated by deducting "cost of revenue" and "selling,
        general and administrative expenses" from "revenue."

 

                                   Basic earnings per       Diluted earnings per

                                   share (attributable to   share (attributable to

                                   owners of the parent)    owners of the parent)

                                   (yen)                    (yen)
 Three months ended June 30, 2024  141.35                   141.35
 Three months ended June 30, 2023  98.67                    98.67

 

 

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

 

                                               Total equity             Ratio of equity

                                               attributable to owners   attributable to owners

                 Total assets   Total equity   of the parent            of the parent
 June 30, 2024   612,599        442,148        442,132                  72.2%
 March 31, 2024  605,850        427,378        427,362                  70.5%

 

2. Cash Dividends

 Record Date                            Cash dividends per share (yen)
                                        First quarter  Second quarter  Third quarter  Year end  Annual

                                        end            end             end
 Year ended March 31, 2024              -              62.00           -              69.00     131.00
 Year ending March 31, 2025             -
 Year ending March 31, 2025 (Forecast)                 66.00           -              66.00     132.00

 

 Note)  Recently announced change in dividend forecasts for the fiscal year ending
        March 31, 2025 during the three months ended June 30, 2024: No

 

 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2025

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

 

                                                                                                 Basic earnings

                                                                                                 per share

                                                                               Profit            (attributable

                                                                               attributable to   to owners of

                                        Business   Operating   Profit before   owners of the     the parent)

                              Revenue   profit     profit      income taxes    parent            (yen)
 Year ending March 31, 2025   380,000   92,500     84,500      84,500          59,500            438.93
 % change from previous year  5.5%      4.9%       5.3%        2.2%            0.6%

 

 Note)  Recently announced change in earnings forecasts for the fiscal year ending
        March 31, 2025 during the three months ended June 30, 2024: No

 

Noted Items

(1)  Significant changes in the scope of consolidation during the period:
None

 

(2)  Changes in accounting policies and changes in accounting estimates

 1.  Changes in accounting policies required by IFRS: None
 2.  Changes in accounting policies due to other reasons: None
 3.  Changes in accounting estimates: None

 

(3)  Number of shares issued (Share capital)

 1.  Number of shares issued: (Treasury shares included)
     As of June 30, 2024               143,500,000         shares
     As of March 31, 2024              143,500,000         shares
 2.  Number of treasury shares:
     As of June 30, 2024               7,942,369           shares
     As of March 31, 2024              7,942,166           shares
 3.  Average number of shares outstanding:
     Three months ended June 30, 2024  135,557,763         shares
     Three months ended June 30, 2023  135,558,690         shares

 

Review of the Japanese-language originals of the attached quarterly
consolidated financial statements by certified public accountants or an audit
firm: None

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, Amusement, and
Gaming & Systems businesses; (vi) our ability to successfully expand the
scope of our business and broaden our customer base through our Sports
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 page from 9 to 11 for further information regarding our
business forecasts.

 

 

KONAMI GROUP CORPORATION (the "Company") disclosed the supplemental data for
the consolidated financial statements via the Company's website on August 1,
2024.

 

As for the full text of the earnings release, please refer to the attached PDF
File as below.

http://www.rns-pdf.londonstockexchange.com/rns/7654Y_1-2024-8-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7654Y_1-2024-8-1.pdf)

 

 

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