Konami Grp Corp Regulatory News (KNM)

29 Oct 2007 11:05

Konami Corporation29 October 2007 FOR IMMEDIATE RELEASE October 29, 2007 KONAMI CORPORATION 9-7-2 Akasaka, Minato-ku, Tokyo, Japan Kagemasa Kozuki Representative Director and CEO Stock code number: 9766 at TSE1 Contact: Noriaki Yamaguchi Representative Director and CFO Tel: +81-3-5771-0222 News Release: Earnings Forecast For the Six Months Ended September 30, 2007 Konami Corporation hereby announces its earnings forecast for the six months ended September 30, 2007. Earnings Forecast for the Consolidated Interim Results in accordance with U.S. GAAP (Millions of yen) Net revenues Operating Income before Net income income income taxesEarnings Forecast for the six 133,700 13,000 13,000 6,200 months ended September 30, 2007Results for the six months ended 119,599 10,115 9,884 5,114September 30, 2006Increase 11.8% 28.5% 31.5% 21.2% We forecast our consolidated earnings for the six months ended September 30,2007, will increase when compared with the year-ago period. The DigitalEntertainment segment introduced a new style for playing its home video gamesoftware by capitalizing on the differing features of each game console, andachieved strong sales. In addition, games for amusement arcades showed favorablesales. Reference : We will not revise the consolidated earnings forecast for the FY 2008, shown inthe below table, which was announced in the consolidated financial results forthe year ended March 31, 2007, and filed on May 22, 2007. < Consolidated Earnings Forecast of FY2008 > (Millions of yen) Net revenues Operating Income before Net income income income taxes(2007/4 - 2008/3) 295,000 33,000 32,500 18,300 Earnings Forecast of FY2008 There are no changes to the cash dividend forecast, which previously wasannounced in the consolidated financial results for the year ended March 31,2007 filed on May 22, 2007. (Interim dividend is JPY 27.00 per share anddividend for the year is JPY 54.00 per share.) 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-lookingstatements about our future performance. These statements are based onmanagementfs assumptions and beliefs in light of information currently availableto it and, therefore, you should not place undue reliance on them. A number ofimportant factors could cause actual results to be materially different from andworse than those discussed in forward-looking statements. Such factors include,but are not limited to: (i) changes in economic conditions affecting ouroperations; (ii) fluctuations in currency exchange rates, particularly withrespect 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 inhighly competitive markets characterized by the continuous introduction of newproducts, rapid developments in technology and subjective and changing consumerpreferences; (iv) our ability to successfully expand internationally with afocus on our video game software business, card game business and gaming machinebusiness; (v) our ability to successfully expand the scope of our business andbroaden our customer base through our exercise entertainment business; (vi)regulatory developments and changes and our ability to respond and adapt tothose changes; (vii) our expectations with regard to further acquisitions andthe integration of any companies we may acquire; and (viii) the outcome ofcontingencies. This information is provided by RNS The company news service from the London Stock Exchange