REG - Konami Group Corp - Revision of the Consolidated Earnings Forecast

KonamiAnnouncement

02/02/2023 07:30

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RNS Number : 7165O  Konami Group Corporation  02 February 2023

 February 2, 2023

 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, 2023

KONAMI GROUP CORPORATION (the "Company") hereby announces the revision of its
consolidated earnings forecast for the fiscal year ending March 31, 2023,
which was released on May 12, 2022 in its Consolidated Financial Results for
the Year Ended March 31, 2022, in light of its recent business performance.

 

1.   Revision of the Consolidated Forecast for the Fiscal Year Ending March
31, 2023

 For the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31,
 2023)
                                (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 12, 2022      320,000   81,000           76,500            76,500                      55,000                                       411.74
 Revised forecast (B)                                303,000   50,500           42,500            42,500                      29,000                                       213.93
 Change (B - A)                                      (17,000)  (30,500)         (34,000)          (34,000)                    (26,000)                                     *******
 Percentage Change (%)                               (5.3)     (37.7)           (44.4)            (44.4)                      (47.3)                                       *******
                           
 Results for the year ended March 31, 2022           299,522   80,315           74,435            75,163                      54,806                                       410.80

 

 

2.   Reasons for the Revision

Consolidated earnings forecast for the fiscal year ending March 31, 2023 was
revised, mainly due to factors including revision of the profit plan for some
titles in the Digital Entertainment business.

 

3.   Dividend forecast

The Company will maintain its annual dividend to be 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. The payment of dividends for the fiscal year
ending March 31, 2023 will maintain the same level of regular dividends which
was based on the initial profit forecast for the fiscal year ending March 31,
2023.

 

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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