Konami Group Corporation Revision of the Consolidated Earnings Forecast (7165O)
02 February 2023 - 6:26PM
UK Regulatory
TIDMKNM
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 Operating Profit before Profit attributable Basic earnings
profit profit income taxes to owners per share
of the parent (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) *******
--------- --------- --------- ------------- ------------------- ---------------
<For reference>
----------------- ------------------------------------------------------------------------------------------
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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END
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