Konami Group Corporation 1st Quarter Results

RNS Number : 7654Y

Konami Group Corporation

01 August 2024

 

 

 

Consolidated Financial Results

for the Three Months Ended June 30, 2024

(Prepared in Accordance with IFRS)

August 1, 2024

 

KONAMI GROUP CORPORATION
Address:	11-1, Ginza 1-chome, Chuo-ku, Tokyo, Japan
Stock code number, TSE:	9766
Ticker symbol, LSE:	KNM
URL:	https://www.konami.com/
Shares listed:	Tokyo Stock Exchange and London Stock Exchange
Representative:	Kimihiko Higashio, Representative Director, President
Contact:	Junichi Motobayashi, Corporate Officer, General Manager, Finance Division (Phone: [phone])
Beginning date of dividend payment:	-

 

(Amounts are rounded to the nearest million, except percentages and per share amounts)

1. Consolidated Financial Results for the Three Months Ended June 30, 2024

(1) Consolidated Results of Operations

(Millions of Yen, except percentages and per share amounts)

 

	Revenue	Business profit	Operating profit	Profit before income taxes	Profit for the period	Profit attributable to owners of the parent
Three months ended June 30, 2024	90,039	25,149	25,145	26,546	19,160	19,160
% change from previous year	24.0%	46.6%	46.6%	44.3%	43.3%	43.3%
Three months ended June 30, 2023	72,633	17,161	17,151	18,394	13,375	13,375
% change from previous year	1.0%	21.7%	22.2%	16.0%	17.0%	17.0%

 

Total comprehensive income for the period:	Three months ended June 30, 2024: 24,125 million yen; 26.4%
	Three months ended June 30, 2023: 19,092 million yen; 14.2%

 

Note)

Business profit is calculated by deducting "cost of revenue" and "selling, general and administrative expenses" from "revenue."

 

	Basic earnings per share (attributable to owners of the parent) (yen)	Diluted earnings per share (attributable to owners of the parent) (yen)
Three months ended June 30, 2024	141.35	141.35
Three months ended June 30, 2023	98.67	98.67

 

 

(2) Consolidated Financial Position

(Millions of Yen, except percentages and per share amounts)

 

	Total assets	Total equity	Total equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent
June 30, 2024	612,599	442,148	442,132	72.2%
March 31, 2024	605,850	427,378	427,362	70.5%

 

2. Cash Dividends

Record Date	Cash dividends per share (yen)
	First quarter end	Second quarter end	Third quarter end	Year end	Annual
Year ended March 31, 2024	-	62.00	-	69.00	131.00
Year ending March 31, 2025	-
Year ending March 31, 2025 (Forecast)		66.00	-	66.00	132.00

 

Note)

Recently announced change in dividend forecasts for the fiscal year ending March 31, 2025 during the three months ended June 30, 2024: No

 

 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2025

(Millions of Yen, except percentages and per share amounts)

 

	Revenue	Business profit	Operating profit	Profit before income taxes	Profit attributable to owners of the parent	Basic earnings per share (attributable to owners of the parent) (yen)
Year ending March 31, 2025	380,000	92,500	84,500	84,500	59,500	438.93
% change from previous year	5.5%	4.9%	5.3%	2.2%	0.6%

 

Note)

Recently announced change in earnings forecasts for the fiscal year ending March 31, 2025 during the three months ended June 30, 2024: No

 

Noted Items

(1)  Significant changes in the scope of consolidation during the period: None

 

(2)  Changes in accounting policies and changes in accounting estimates

1.	Changes in accounting policies required by IFRS: None
2.	Changes in accounting policies due to other reasons: None
3.	Changes in accounting estimates: None

 

(3)  Number of shares issued (Share capital)

1.	Number of shares issued: (Treasury shares included)
	As of June 30, 2024	143,500,000	shares
	As of March 31, 2024	143,500,000	shares
2.	Number of treasury shares:
	As of June 30, 2024	7,942,369	shares
	As of March 31, 2024	7,942,166	shares
3.	Average number of shares outstanding:
	Three months ended June 30, 2024	135,557,763	shares
	Three months ended June 30, 2023	135,558,690	shares

 

Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: None

Cautionary statement with respect to forward-looking statements and other matters:

 

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, Amusement, and Gaming & Systems businesses; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Sports 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.

 

Please refer to page from 9 to 11 for further information regarding our business forecasts.

 

 

KONAMI GROUP CORPORATION (the "Company") disclosed the supplemental data for the consolidated financial statements via the Company's website on August 1, 2024.

 

As for the full text of the earnings release, please refer to the attached PDF File as below.

http://www.rns-pdf.londonstockexchange.com/rns/7654Y_1-2024-8-1.pdf

 

 

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