REG - Konami Group Corp - 3rd Quarter Results

KonamiAnnouncement

01/02/2024 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240201:nRSA6756Ba&default-theme=true

RNS Number : 6756B  Konami Group Corporation  01 February 2024

 

 Consolidated Financial Results
 for the Nine Months Ended December 31, 2023
 (Prepared in Accordance with IFRS)
 February 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 Nine Months Ended December 31, 2023

 (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
 Nine months ended December 31, 2023  253,096   62,821     59,608      61,501          44,495                  44,495
 % change from previous year          11.6%     53.0%      58.9%       60.3%           61.4%                   61.4%
 Nine months ended December 31, 2022  226,878   41,062     37,523      38,374          27,571                  27,571
 % change from previous year          5.5%      (31.2)%    (37.8)%     (35.9)%         (34.9)%                 (34.9)%

 

 Total comprehensive income for the period:  Nine months ended December 31, 2023: 48,104 million yen; 52.7%
                                             Nine months ended December 31, 2022: 31,509 million yen; (28.1)%

 

 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)
 Nine months ended December 31, 2023  328.23                   328.23
 Nine months ended December 31, 2022  204.82                   203.46

 

 (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
 December 31, 2023  578,572        407,570        407,555                  70.4%
 March 31, 2023     547,223        376,279        376,264                  68.8%

 

 

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, 2023              -              62.00           -              62.00     124.00
 Year ending March 31, 2024             -              62.00           -
 Year ending March 31, 2024 (Forecast)                                                62.00     124.00

 

 Note)  Recently announced change in dividend forecasts for the fiscal year ending
        March 31, 2024 during the three months ended December 31, 2023: No

 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2024

     (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, 2024   343,000   78,500     72,000      72,000          51,000            376.22
 % change from previous year  9.1%      38.7%      55.9%       52.8%           46.2%

 

 Note)  Recently announced change in earnings forecasts for the fiscal year ending
        March 31, 2024 during the three months ended December 31, 2023: Yes

 

Noted Items

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

 

(2)  Changes in accounting policies and accounting estimate

 1.  Changes in accounting policies required by IFRS: No
 2.  Other changes: No
 3.  Changes in accounting estimate: No

 

(3)  Number of shares issued (Share capital)

 1.  Number of shares issued: (Treasury shares included)
     As of December 31, 2023              143,500,000         shares
     As of March 31, 2023                 143,500,000         shares
 2.  Number of treasury shares:
     As of December 31, 2023              7,941,747           shares
     As of March 31, 2023                 7,941,177           shares
 3.  Average number of shares outstanding:
     Nine months ended December 31, 2023  135,558,479         shares
     Nine months ended December 31, 2022  134,611,852         shares

Earnings release (Kessan Tanshin) regarding these consolidated financial
results is not subject to auditing procedures.

 

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 February 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/6756B_1-2024-2-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6756B_1-2024-2-1.pdf)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  QRTGRGDDXSGDGSB