Konami Corp Regulatory News (KNM)



Regulatory News for Konami Corp (KNM)


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Annual Financial Report

Thu, 13th May 2010 09:56

RNS Number : 8468L
Konami Corporation
13 May 2010
 

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Consolidated Financial Results

for the Year Ended March 31, 2010

(Prepared in Accordance with U.S. GAAP)

May 13, 2010


KONAMI CORPORATION

Address:

7-2, Akasaka 9-chome, Minato-ku, Tokyo, Japan

Stock code number, TSE:

9766

Ticker symbol, NYSE:

KNM

URL:

www.konami.net

Shares listed:

Tokyo Stock Exchange, New York Stock Exchange, and London Stock Exchange

Representative:

Kagemasa Kozuki, Representative Director and Chairman of the Board, President

Contact:

Noriaki Yamaguchi, Representative Director, Vice-President, Corporate Officer

(Phone: +81-3-5771-0222)

Date of General Shareholders Meeting:

June 29, 2010

Date of dividend payment:

June 8, 2010

Adoption of U.S. GAAP:

Yes

 

 

1. Consolidated Financial Results for the Year Ended March 31, 2010

(Amounts are rounded to the nearest million)


(1) Consolidated Results of Operations                            (Millions of Yen, except per share data)

 


Net revenues

Operating

income

Income before income taxes 

Net income attributable to Konami Corporation

 

Year ended March 31, 2010

  % change from previous year

262,144

(15.4)%

18,664

(31.8)%

17,122

(30.7)%

13,314

22.4%

 

Year ended March 31, 2009

  % change from previous year

309,771

4.2%

27,361

(19.1)%

24,719

(24.7)%

10,874

(40.7)%

 

 


Basic net income attributable to Konami Corporation per share (yen)

Diluted net income attributable to Konami Corporation per share (yen)

Return on stockholders' equity attributable to Konami Corporation

Ratio of income before income taxes to total assets

Ratio of operating income to net revenues

Year ended March 31, 2010

99.76

99.76

7.3%

5.7%

7.1%

Year ended March 31, 2009

79.30

79.30

6.0%

8.0%

8.8%

 

Reference:


Equity in net income of an affiliated company


Year ended March 31, 2010:


Y56 million



Year ended March 31, 2009:


Y(2,490) million




Note:


Due to adoption of FASB Accounting Standards Codification 810, (former Statement of Financial Accounting Standards No.160), "Net income attributable to Konami Corporation" is used to herein to describe "Net Income" as the term was used for the year ended March 31, 2009.


(2) Consolidated Financial Position                           (Millions of Yen, except per share amounts)


Total assets

Total equity

Konami Corporation stockholders' equity

Konami Corporation stockholders'

equity ratio

Konami Corporation stockholders'

equity per share

 

March 31, 2010

298,198

189,231

61.9%

1,382.16

 

March 31, 2009

301,670

183,539

178,632

59.2%

1,338.46

 

(3) Consolidated Cash Flows                                                                                         (Millions of Yen)



Net cash provided by (used in)

Cash and

cash equivalents at end of year

 



Operating

activities

Investing

activities

Financing

activities

 



 

Year ended March 31, 2010

14,297

(6,449)

(10,744)

50,740

 

Year ended March 31, 2009

30,131

(5,715)

(21,004)

53,568

 









2. Cash Dividends




Record Date

Cash dividends per share (yen)

Total cash dividends (annual)

Payout ratio

(consolidated)

Cash dividend rate for stockholders' equity

(consolidated)

First quarter end

Second quarter end

Third quarter end

Year end

Annual

Year ended March 31, 2009

-

27.00

-

27.00

54.00

Y7,315 million

68.1%

4.0%

Year ended March 31, 2010

-

27.00

-

27.00

54.00

Y7,206 million

54.1%

4.0%

Year ending March 31, 2011 -Forecast-

-

16.00

-

16.00

32.00


31.6%


 

 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2011

(Millions of Yen, except per share data)


Net revenues

Operating

income

Net income

before income taxes

Net income attributable to Konami Corporation

Net income attributable to Konami Corporation per share

Year ending March 31, 2011

  % change from previous year

285,000

8.7%

24,500

31.3%

22,500

31.4%

13,500

1.4%

101.15

Note:

We do not disclose projected consolidated results for interim periods.

 

 

 

4. Other

(1)   Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation) : None

(2)   Changes in accounting principles, procedures and reporting policies for quarterly consolidated financial statements (items to be disclosed in "Significant change in preparation basis for quarterly consolidated financial statements")

1.

Changes accompanying amendment of accounting standard: Yes

 2.

Other: None

  Please refer to page 25 for details.

(3)   Number of shares issued (Common Stock)

 1.

Number of shares issued: (Treasury stock included)



 Year ended March 31, 2010

143,500,000

 shares


 


 Year ended March 31, 2009

143,500,000

 shares


 

 2.

Number of Treasury Stock:


 


 Year ended March 31, 2010

10,039,336

 shares


 


 Year ended March 31, 2009

10,038,498

 shares


 

 3.

Average number of shares outstanding:


 


 Year ended March 31, 2010

133,461,138

 shares


 


 Year ended March 31, 2009

137,124,130

 shares


 



 (Reference) Summary of Non-consolidated Financial Results

 

1. Results for the Year Ended March 31, 2010

 (1) Non-consolidated Results of Operations

(Millions of Yen, except per share data)


Operating revenues

Operating income

Ordinary income 

Net income

Year ended March 31, 2010

  % change from previous year

19,295

(10.1)%

14,609

(7.3)%

14,495

(7.8)%

14,092

49.1 %

Year ended March 31, 2009

  % change from previous year

21,456

(15.8)%

15,755

(24.4)%

15,721

(23.2)%

9,454

(45.7)%

 


Basic net income per share (yen)

Diluted net income  per share (yen)

Year ended March 31, 2010

105.60

-

Year ended March 31, 2009

68.95

-

 

(2) Non-consolidated Financial Position

 

(Millions of Yen, except per share data)

 

 


Total assets

Total net assets

Equity ratio

Net assets

per share

 

 

March 31, 2010

178,743

153,012

85.6%

1,146.50

 

 

March 31, 2009

180,952

146,136

80.8%

1,094.97

 

Reference:


Total Stockholders' equity


Year ended March 31, 2010:


Y 153,012 million



Year ended March 31, 2009:


Y 146,136 million


 

 

Cautionary Statement with Respect to Forward-Looking Statements:


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) our ability to successfully expand internationally with a focus on our Digital Entertainment business and Gaming & System business; (v) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness business; (vi) regulatory developments and changes and our ability to respond and adapt to those changes; (vii) our expectations with regard to further acquisitions and the integration of any companies we may acquire; and (viii) the outcome of existing contingencies.

 

Please refer to pages 8 and 9 for further information regarding our business forecasts.

 
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/8468L_-2010-5-13.pdf


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
FR LIFSTELIVLII


Related Shares: Konami Corp. (KNM).




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