REG - Konami Group Corp - 4th Quarter Results

KonamiAnnouncement

11/05/2023 10:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230511:nRSK1155Za&default-theme=true

RNS Number : 1155Z  Konami Group Corporation  11 May 2023

 

 Consolidated Financial Results
 for the Year Ended March 31, 2023
 (Prepared in Accordance with IFRS)
 May 11, 2023

 

 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)
 Date of General                                     Beginning date of dividend

 Shareholders Meeting:    June 28, 2023              payment:                    June 7, 2023

 

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

1. Consolidated Financial Results for the Year Ended March 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   owners of the

                              Revenue   profit     profit      income taxes    year             parent
 Year ended March 31, 2023    314,321   56,611     46,185      47,120          34,895           34,895
 % change from previous year  4.9%      (29.5)%    (38.0)%     (37.3)%         (36.3)%          (36.3)%
 Year ended March 31, 2022    299,522   80,315     74,435      75,163          54,812           54,806
 % change from previous year  9.9%      25.2%      103.6%      111.2%          69.8%            69.9%

 

 Total comprehensive income for the year:  Year ended March 31, 2023: Y39,834 million; (32.9)%
                                           Year ended March 31, 2022: Y59,340 million; 71.8%

 

 Note)  Business profit is calculated by deducting "cost of revenue" and "selling,

      general and administrative expenses" from "revenue."

 

                                               Diluted earnings

                            Basic earnings     per share

                            per share          (attributable to   Return on profit   Ratio of profit

                            (attributable to   owners of the      attributable to    before income     Ratio of

                            owners of the      parent) (yen)      owners of the      taxes to total    operating profit

                            parent) (yen)                         parent             assets            to revenue
 Year ended March 31, 2023  258.81             257.49             9.6%               8.8%              14.7%
 Year ended March 31, 2022  410.80             404.62             16.9%              14.8%             24.9%

 

 Reference: Profit from investments accounted for using the equity method
     Year ended March 31, 2023: Y 137 million
     Year ended March 31, 2022: Y 87 million

 

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

 

                                               Total equity      Ratio of equity   Equity attributable

                                               attributable to   attributable to   to owners of the

                                               owners of the     owners of the     parent per share

                 Total assets   Total equity   parent            parent            (yen)
 March 31, 2023  547,223        376,279        376,264           68.8%             2,775.65
 March 31, 2022  528,613        348,076        348,061           65.8%             2,605.63

 

 

 (3) Consolidated Cash Flows  (Millions of Yen)

 

                            Net cash provided by (used in)         Cash and

                                                                   cash equivalents at the

                                                                   end of year
                            Operating    Investing    Financing

                            activities   activities   activities
 Year ended March 31, 2023  36,098       (42,786)     (27,467)     219,263
 Year ended March 31, 2022  96,542       (22,993)     (27,913)     250,711

 

2. Cash Dividends

 Record Date            Cash dividends per share (yen)                   Total cash       Payout ratio     Cash dividend

                                                                         dividends        (consolidated)   rate for equity

                                                                         (annual)                          attributable to

                                                                                                           owners of the

                                                                                                           parent

                                                                                                           (consolidated)
                        First     Second    Third     Year end  Annual

                        quarter   quarter   quarter

                        end       end       end
 Year ended March 31,   -         36.50     -         87.00     123.50   Y16,497 million  30.1%            5.1%

 2022
 Year ended March 31,   -         62.00     -         62.00     124.00   Y16,805 million  47.9%            4.6%

 2023
 Year ending March 31,  -         62.00     -         62.00     124.00   *******          41.0%            *******

 2024 (Forecast)

 

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) (yen)

                              Revenue   profit     profit      income taxes    parent
 Year ending March 31, 2024   328,000   63,000     60,000      59,000          41,000            302.45
 % change from previous year  4.4%      11.3%      29.9%       25.2%           17.5%

 

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 March 31, 2023       143,500,000         shares
     As of March 31, 2022       143,500,000         shares
 2.  Number of treasury shares:
     As of March 31, 2023       7,941,177           shares
     As of March 31, 2022       9,919,591           shares
 3.  Average number of shares outstanding:
     Year ended March 31, 2023  134,830,397         shares
     Year ended March 31, 2022  133,410,926         shares

 

(Reference) Summary of Non-consolidated Financial Results

Results for the Year Ended March 31, 2023

 (1) Non-consolidated Results of Operation  (Millions of Yen, except percentages and per share amounts)

 

                              Operating revenues   Operating income   Ordinary income   Net income
 Year ended March 31, 2023    48,576               43,677             44,997            44,322
 % change from previous year  146.8%               171.8%             170.3%            169.9%
 Year ended March 31, 2022    19,686               16,066             16,649            16,421
 % change from previous year  (62.5)%              (67.8)%            (66.8)%           18.1%

 

                            Basic net income  Diluted net income

                            per share (yen)   per share (yen)
 Year ended March 31, 2023  328.73            326.95
 Year ended March 31, 2022  123.09            121.13

 

 (2) Non-consolidated Financial Position  (Millions of Yen, except percentages)

 

                                                                  Net assets

                 Total assets   Total net assets   Equity ratio   per share (yen)
 March 31, 2023  351,413        287,842            81.9%          2,123.38
 March 31, 2022  336,617        255,098            75.8%          1,909.70

 

 Reference: Total Stockholders' equity
     Year ended March 31, 2023: Y287,842 million
     Year ended March 31, 2022: Y255,098 million

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 8 to 9 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 May 11,
2023.

 

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/1155Z_1-2023-5-11.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1155Z_1-2023-5-11.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  MSCGCGDUBBBDGXB