Konami Grp Corp Regulatory News (KNM)

22 May 2007 16:05

Konami Corporation22 May 2007 Consolidated Financial Results for the Year Ended March 31, 2007 (Prepared in Accordance with U.S. GAAP) May 22, 2007 KONAMI CORPORATIONAddress: 7-2, Akasaka 9-chome, Minato-ku, Tokyo, JapanStock code number, TSE: 9766Ticker symbol, NYSE: KNMURL: www.konami.netShares listed: Tokyo Stock Exchange, New York Stock Exchange, London Stock Exchange and Singapore ExchangeRepresentative: Kagemasa Kozuki, Representative Director and Chief Executive OfficerContact: Noriaki Yamaguchi, Representative Director and Chief Financial Officer (Phone: +81-3-5770-0573)Date of General ShareholdersMeeting: June 28, 2007 Date of dividend payment: June 11, 2007Adoption of U.S. GAAP: Yes 1. Consolidated Results for the Year Ended March 31, 2007(Amounts are rounded to the nearest million) (1) Consolidated Results of Operations (Millions of Yen, except per share data) Net revenues Operating Income before Net income income taxes incomeYear ended March 31, 2007 280,279 28,145 27,567 16,211 % change from previous year 6.9% 1,034.4% 226.7% (29.5)% Year ended March 31, 2006 262,137 2,481 8,438 23,008 % change from previous year 0.6 % (91.2)% (69.2)% 119.4% Basic net income Diluted net income Return on Ratio of income Ratio of per share per share stockholders' operating income equity before income taxes to net revenues to total assetsYear ended 118.15 118.09 9.6% 9.1% 10.0%March 31, 2007 Year ended 175.86 175.80 17.1% 2.8% 0.9%March 31, 2006 Notes: Equity in net income of an affiliated company Year ended March 31, 2007: Y138 million Year ended March 31, 2006: Y33 million (2) Consolidated Financial Position (Millions of Yen, except per share amounts) Total assets Total shareholders' Equity-assets Stockholders' equity ratio equity per shareMarch 31, 2007 304,657 174,662 57.3% 1,272.54March 31, 2006 302,637 163,815 54.1% 1,194.41 (3) Consolidated Cash Flows (Millions of Yen) Net cash provided by (used in) Cash and Operating Investing Financing cash equivalents activities activities activities at end of year Year ended March 31, 2007 31,824 (11,098) (33,212) 57,333Year ended March 31, 2006 23,879 (7,266) (38,330) 68,694 2. Cash Dividends Record Date Cash dividends per share (Y) Total cash Payout ratio Cash dividend rate dividends for stockholders' (consolidated) equity (annual) (consolidated) Interim Year end AnnualYear ended 27.00 27.00 54.00 Y7,303 million 30.7% 5.2%March 31, 2006 Year ended 27.00 27.00 54.00 Y7,411 million 45.7% 4.4%March 31, 2007 Year ending 27.00 27.00 54.00 - 40.5% - March 31, 2008 -Forecast 3. Consolidated Earnings Forecast for the Year Ending March 31, 2008 (Millions of Yen, except per share data) Net revenues Operating Income before Net income Net income per income taxes share incomeYear ending March 31, 2008 295,000 33,000 32,500 18,300 % change from previous year 5.3% 17.3% 17.9% 12.9% 133.33 4. Other (1) Changes to principal subsidiaries during the year (status changes ofspecified subsidiaries due to changes in the scope of consolidation) : None (2) Changes in accounting principles, procedures and reporting policies(description of changes to important items fundamental to financial statementpreparation) 1. Changes accompanying amendment of accounting standard: Yes 2. Other: None Note: Please refer to page 27 (3) Number of shares issued (Common Stock) 1. Number of shares issued: (Treasury stock included) Year ended March 31, 2007 143,555,786 shares Year ended March 31, 2006 143,555,786 shares 2. Number of Treasury Stock: Year ended March 31, 2007 6,300,970 shares Year ended March 31, 2006 6,403,439 shares 3. Average number of shares outstanding: Year ended March 31, 2007 137,202,151 shares Year ended March 31, 2006 130,835,422 shares (Reference) Summary of Non-consolidated Financial Results 1. Results for the Year Ended March 31, 2007 (1) Non-consolidated Results of Operations (Millions of Yen, except per share data) Operating revenues Operating income Ordinary income Net incomeYear ended March 31, 2007 7,196 1,439 1,278 988 % change from previous year (94.1)% (89.9)% (93.4)% (94.0)%Year ended March 31, 2006 122,591 14,305 19,291 16,572 % change from previous year (8.6) % 235.7% 43.5% 29.5% Basic net income per Diluted net income per share shareYear ended March 31, 2007 7.16 7.15Year ended March 31, 2006 124.75 124.71 (2) Non-consolidated Financial Position (Millions of Yen, except per share data) Total assets Total net assets Equity-assets Net assets ratio per shareMarch 31, 2007 168,423 139,179 82.6% 1,014.02March 31, 2006 202,303 153,339 75.8% 1,092.15 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 page 8 of the attached material for information regarding the assumptions and other related items used in the preparation of these forecasts. Paste the following link into your web browser to download the PDF documentrelated to this announcement: http://www.rns-pdf.londonstockexchange.com/rns/0491x_-2007-5-22.pdf This information is provided by RNS The company news service from the London Stock Exchange