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RNS Number : 6759B Konami Group Corporation 01 February 2024
February 1, 2024
FOR IMMEDIATE RELEASE
KONAMI GROUP CORPORATION
Kimihiko Higashio, Representative Director, President
Shares listed: Tokyo and London Stock Exchanges
Contact: Junichi Motobayashi, Corporate Officer,
General Manager, Finance Division
Tel: +81-3-6636-0573
News Release: Notice Regarding Revision of the Consolidated Forecast
for the Fiscal Year Ending March 31, 2024
KONAMI GROUP CORPORATION (the "Company") hereby announces the revision of its
consolidated earnings forecast for the fiscal year ending March 31, 2024,
which was released on May 11, 2023 in its Consolidated Financial Results for
the Year Ended March 31, 2023, in light of its recent business performance.
1. Revision of the Consolidated Earnings Forecast for the Fiscal Year
Ending March 31, 2024
For the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31,
2024)
(Millions of yen, except percentages)
Revenue Business profit Operating profit Profit before income taxes Profit attributable to owners of the parent Basic earnings per share (attributable to owners of the parent) (yen)
Previous forecast (A) Released on May 11, 2023 328,000 63,000 60,000 59,000 41,000 302.45
Revised forecast (B) 343,000 78,500 72,000 72,000 51,000 376.22
Change (B - A) 15,000 15,500 12,000 13,000 10,000
Percentage Change (%) 4.6 24.6 20.0 22.0 24.4
Results for the year ended March 31, 2023 314,321 56,611 46,185 47,120 34,895 258.81
2. Reasons for the Revision
Consolidated earnings forecast for the fiscal year ending March 31, 2024 is
expected to exceed the initial forecast, mainly due to earnings from core
titles in the Digital Entertainment business exceeding their plan.
3. Dividend forecast
There will be no change in the annual dividend of 124.00 yen per share, which
includes an interim dividend of 62.00 yen per share and a year-end dividend of
62.00 yen per share.
End
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.
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