REG - Konami Holdings Corp - Difference between Results for FY22 & FY21

KonamiAnnouncement

12/05/2022 08:30

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RNS Number : 2449L  Konami Holdings Corporation  12 May 2022

 May 12, 2022

 FOR IMMEDIATE RELEASE
                   KONAMI HOLDINGS 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 Difference between Consolidated Results

 for the Fiscal Year Ended March 31, 2022 and 2021

KONAMI HOLDINGS CORPORATION (the "Company") had not disclosed consolidated
earnings forecast for the fiscal year ended March 31, 2022 due to the
continued uncertainty over the future outlook caused by the spread of COVID-19
variants and other factors. However, the Company hereby announces the
difference between the consolidated results for the fiscal year ended March
31, 2022 and 2021, as follows, since it has reached the Timely Disclosure
Rules.

 

1.    Difference between the Consolidated Results for the Fiscal Year Ended
March 31, 2022 and 2021

                                              (Millions of yen, except percentages)
                                   Revenue        Business  Operating  Profit before income taxes  Profit for the year  Profit attributable to owners of the parent  Basic earnings per share (attributable to owners of the parent) (yen)

                                                  profit    Profit
 Year ended March 31, 2021 (A)     272,656        64,164    36,550     35,581                      32,274               32,261                                       242.17
 Year ended March 31, 2022 (B)     299,522        80,315    74,435     75,163                      54,812               54,806                                       410.80
 Change (B - A)                    26,866         16,151    37,885     39,582                      22,538               22,545                                       ******
 Percentage Change (%)             9.9            25.2      103.6      111.2                       69.8                 69.9                                         ******

 

Reason for the difference

In a rapidly changing market environment due to the tense state of affairs in
Ukraine and the spread of COVID-19 variants, in addition to solid performance
in the Digital Entertainment business throughout the fiscal year, performance
of other businesses has recovered, resulting in increase of revenue and profit
among all business segments. Consequently, consolidated results for the fiscal
year ended March 31, 2022 exceeded consolidated results for the fiscal year
ended March 31, 2021.

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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