Last checked at 7 Feb 2013 08:54
February 7, 2013 |
FOR IMMEDIATE RELEASE |
KONAMI CORPORATION Takuya Kozuki, Representative Director, President Shares listed: Tokyo, New York and London Stock Exchange
Contact: Yasuyuki Yamaji, Corporate Officer, General Manager, Corporate Planning Tel: +81-3-5771-0222 |
News Release: KONAMI CORPORATION Announces Revision of the Consolidated Forecast for the Fiscal Year Ending March 31, 2013 |
KONAMI CORPORATION (the "Company") hereby announces the revision of its consolidated earnings forecast for the fiscal year ending March 31, 2013, which was released on May 10, 2012 in its Consolidated Financial Results for the Year Ended March 31, 2012 in light of its recent business performance.
Revision of Consolidated Results Forecast (U.S. GAAP)
(Millions of yen, except percentages) | |||||
For the fiscal year ending March 31, 2013 (from April 1, 2012 to March 31, 2013) | |||||
Net revenues | Operating income | Income before income taxes and equity in net income of affiliated company | Net income attributable to KONAMI CORPORATION | Net income attributable to KONAMI CORPORATION per share (yen) | |
Previous forecast (A) Released on May 10, 2012 | 270,000 | 41,100 | 40,100 | 23,100 | 166.64 |
Revised forecast (B) | 228,000 | 23,000 | 22,500 | 13,500 | 97.39 |
Change (B - A) | (42,000) | (18,100) | (17,600) | (9,600) | |
Percentage Change (%) | (15.6)% | (44.0)% | (43.9)% | (41.6)% | |
Results for the year ended March 31, 2012 | 265,758 | 40,950 | 40,026 | 23,012 | 166.23 |
(Reasons for the revision)
The Company revised its consolidated earnings forecast for the fiscal year ending March 31, 2013 as stated above mainly due to a delay in the development of new titles for content for social networks, including titles for overseas markets, in our Digital Entertainment segment and a postponement of the release of our main title in our Pachinko & Pachinko Slot Machines segment until the next fiscal year.
End
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) 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 business, Gaming & Systems business and Pachinko & Pachinko Slot Machines business; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness 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.