TIDMKNM
RNS Number : 5216Y
Konami Holdings Corporation
13 May 2021
May 13, 2021
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, 2021 and 2020, Recording of
Impairment Loss and Loss on Valuation of Shares of Subsidiaries
(Non-Consolidated)
KONAMI HOLDINGS CORPORATION (the "Company") had not disclosed
consolidated earnings forecast for the fiscal year ended March 31,
2021, however, difference between the consolidated results for the
fiscal year ended March 31, 2021 and 2020 meet the Timely
Disclosure Rules. The Company hereby announces the difference
resulted from increases in revenues and profits, despite of the
impact of coronavirus outbreak, as follows.
In addition, the Company hereby announces recording of
impairment loss on a consolidated basis and loss on valuation of
shares of subsidiaries on a non-consolidated basis for the fiscal
year ended March 31, 2021.
1. Difference between the Consolidated Results for the Fiscal Year Ended March 31, 2021 and 2020
(Millions of yen, except percentages)
-----------
Revenue Business Operating Profit before Profit for Profit attributable Basic earnings
profit Profit income taxes the year to owners per share
of the parent (attributable
to owners
of the parent)
(yen)
---------- -------- --------- ------------- ---------- ------------------- ---------------
Year ended
March 31,
2020 (A) 262,810 44,297 30,972 30,395 19,897 19,892 147.26
---------- -------- --------- ------------- ---------- ------------------- ---------------
Year ended
March 31,
2021 (B) 272,656 64,164 36,550 35,581 32,274 32,261 242.17
---------- -------- --------- ------------- ---------- ------------------- ---------------
Change (B
- A) 9,846 19,867 5,578 5,186 12,377 12,369 ******
---------- -------- --------- ------------- ---------- ------------------- ---------------
Percentage
Change (%) 3.7 44.8 18.0 17.1 62.2 62.2 ******
---------- -------- --------- ------------- ---------- ------------------- ---------------
Reason for the difference
Revenues of some business segments were impacted from temporal
closures to prevent the coronavirus outbreak as well as world-wide
economic slowdown, however, strong performance of products and
services in the Digital Entertainment business including mobile
games, computer and video games and card games led to consolidated
results for the fiscal year ended March 31, 2021 that exceeded
consolidated results for the fiscal year ended March 31, 2020.
2. Recording of impairment loss
The company assessed the recoverability of assets which was
impacted from decrease in revenues due to the temporal closure of
both directly managed sports clubs and outsourced facilities and
shortened business hours in line with state-of-emergency
declaration from government and business suspension request from
local governments, moreover, from prolonged coronavirus outbreak.
As a result, impairment loss of Y18,717 million for property, plant
and equipment and trademarks was recorded since the recoverable
amount fell below the carrying amount.
3. Loss on valuation of shares of subsidiaries (Non-consolidated)
As for the shares of Konami Sports Co., Ltd., a consolidated
subsidiary of the Company, loss on valuation of shares of
subsidiaries of Y48,424 million was recorded as extraordinary
losses for the year ended March 31, 2021 on a non-consolidated
basis, considering decrease in net assets of Konami Sports Co.,
Ltd. that was impacted from coronavirus outbreak.
The loss on valuation of shares of subsidiaries was recorded in
non-consolidated financial statements only, and was eliminated in
consolidation.
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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END
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May 13, 2021 03:50 ET (07:50 GMT)
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