Last checked at 28 May 2014 09:50
May 28, 2014 |
FOR IMMEDIATE RELEASE |
KONAMI CORPORATION Takuya Kozuki, Representative Director, President Shares listed: Tokyo, New York and London Stock Exchange
Contact: Yasuyuki Yamaji, General Manager, Corporate Planning Tel: +81-3-5771-0222 |
News Release: KONAMI CORPORATION Announces |
Corrections to the Consolidated Financial Results for the Year Ended March 31, 2014 |
KONAMI CORPORATION (the "Company") hereby announces the following corrections to "Consolidated Financial Results for the Year Ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)", announced on May 8, 2014. The full amended version of "Consolidated Financial Results for the Year Ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)" is included as an attachment at the end of this announcement.
I. Reason for Corrections
The Company announced "Consolidated Financial Results for the Year Ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)" on May 8, 2014. After this announcement, based on discussions with its audit firm*, the Company re-examined the long-term future prospects of its Health & Fitness segment and revised the valuation of intangible assets in this segment. As a result, the Company determined to recognize additional impairment charges of 530 million yen for long-lived assets and other intangible assets, for which impairment charges had already been recognized, as well as new impairment charges of 2,031 million yen for goodwill. This led the Company to announce the corrections set forth below to "Consolidated Financial Results for the Year Ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)".
In addition, as provided in "Notice Regarding Distribution of Retained Earnings" announced today, on May 28, 2014, we are changing the start date of the year-end dividend payment and making amendments to related matters in "Consolidated Financial Results for the Year Ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)".
Please be informed that there are no changes to the earnings forecast figures released in "Consolidated financial results for the year ended March 31, 2014 (Prepared in Accordance with U.S. GAAP)" on May 8, 2014.
*Note: Since the Company has securities registered with the U.S. Securities and Exchange Commission and its consolidated financial statements and financial information are prepared in accordance with U.S. GAAP, the Company is subject to audit by KPMG LLP in the U.S, in addition to KPMG AZSA LLC in Japan.
II. Correction Format
The amounts corrected are underlined.http://www.rns-pdf.londonstockexchange.com/rns/2197I_-2014-5-28.pdf