Konami Group Corporation 2nd Quarter Results (1751S)

TIDMKNM

RNS Number : 1751S

Konami Group Corporation

02 November 2023

 
      Consolidated Financial Results 
for the Six Months Ended September 30, 2023 
    (Prepared in Accordance with IFRS) 
                           November 2, 2023 
 
 
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:      November 24, 2023 
 

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

1. Consolidated Financial Results for the Six Months Ended September 30, 2023

 
(1) Consolidated Results of Operations  (Millions of Yen, except percentages 
                                                      and per share amounts) 
 
 
                              Revenue    Business    Operating    Profit      Profit      Profit 
                                          profit       profit      before     for the   attributable 
                                                                   income     period         to 
                                                                   taxes                   owners 
                                                                                           of the 
                                                                                           parent 
---------------------------  --------  ----------  -----------  ---------  ----------  ------------- 
Six months ended September 
          30, 2023           153,851     35,414      35,443      37,008      26,834       26,834 
    % change from previous 
     year                      3.7%      38.3%        39.6%       34.7%      35.2%         35.2% 
Six months ended September 
          30, 2022           148,359     25,611      25,396      27,479      19,847       19,847 
    % change from previous 
     year                      6.4%     (33.7)%      (35.1)%     (28.9)%    (28.0)%       (28.0)% 
---------------------------  --------  ----------  -----------  ---------  ----------  ------------- 
 
 
Total comprehensive income  Six months ended September 30, 2023: Y34,581 
 for the period:             million; 22.3% 
                            Six months ended September 30, 2022: Y28,269 
                             million; 1.9% 
 
 
Note)  Business profit is calculated by deducting "cost of revenue" 
        and "selling, general and administrative expenses" from "revenue." 
 
 
                                 Basic earnings        Diluted earnings 
                                       per                    per 
                               share (attributable    share (attributable 
                                       to                     to 
                                  owners of the          owners of the 
                                     parent)                parent) 
                                      (yen)                  (yen) 
---------------------------  ---------------------  --------------------- 
Six months ended September 
 30, 2023                                   197.95                 197.95 
Six months ended September 
 30, 2022                                   147.87                 146.48 
---------------------------  ---------------------  --------------------- 
 
 
(2) Consolidated Financial  (Millions of Yen, except percentages 
 Position                                 and per share amounts) 
 
 
                  Total assets   Total equity    Total equity    Ratio of equity 
                                                 attributable      attributable 
                                                   to owners        to owners 
                                                 of the parent    of the parent 
---------------  -------------  -------------  ---------------  ---------------- 
September 30, 
 2023                  570,085        402,452          402,437             70.6% 
March 31, 2023         547,223        376,279          376,264             68.8% 
---------------  -------------  -------------  ---------------  ---------------- 
 

2. Cash Dividends

 
     Record Date                    Cash dividends per share (yen) 
                       --------------------------------------------------------- 
                       First quarter   Second   Third quarter  Year end  Annual 
                            end        quarter       end 
                                         end 
                       -------------                                     ------- 
Year ended March 
 31, 2023                          -     62.00              -     62.00   124.00 
Year ending March                  -     62.00        *******   *******  ******* 
 31, 2024 
---------------------  -------------  --------  -------------  --------  ------- 
Year ending March 
 31, 2024 (Forecast)         *******   *******              -     62.00   124.00 
---------------------  -------------  --------  -------------  --------  ------- 
 
 
      Note)  Recently announced change in dividend forecasts 
              for the fiscal year ending March 31, 2024 during 
              the three months ended September 30, 2023: No 
 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2024

 
  (Millions of Yen, except percentages 
                and per share amounts) 
 
 
                             Revenue    Business    Operating    Profit       Profit      Basic earnings 
                                         profit       profit      before    attributable     per share 
                                                                  income         to        (attributable 
                                                                  taxes        owners        to owners 
                                                                               of the           of 
                                                                               parent       the parent) 
                                                                                               (yen) 
--------------------------  --------  ----------  -----------  ---------  --------------  -------------- 
Year ending March 31, 
 2024                       328,000     63,000      60,000      59,000        41,000          302.45 
                                                                                          -------------- 
   % change from previous 
    year                      4.4%      11.3%        29.9%       25.2%        17.5% 
--------------------------  --------  ----------  -----------  ---------  --------------  -------------- 
 
 
Note)  Recently announced change in earnings forecasts for the fiscal 
        year ending March 31, 2024 during the three months ended September 
        30, 2023: No 
 

Noted Items

(1) Changes in significant consolidated subsidiaries during the period (status changes of subsidiaries due to changes in the scope of consolidation): None

(2) Changes in accounting policies and accounting estimate

 
1.  Changes in accounting policies required by IFRS: No 
2.  Other changes: No 
3.  Changes in accounting estimate: No 
 

(3) Number of shares issued (Share capital)

 
1.  Number of shares issued: (Treasury shares 
     included) 
       As of September 30, 2023    143,500,000  shares 
       As of March 31, 2023        143,500,000  shares 
2.  Number of treasury shares: 
       As of September 30, 2023      7,941,641  shares 
       As of March 31, 2023          7,941,177  shares 
3.  Average number of shares outstanding: 
       Six months ended September  135,558,561  shares 
        30, 2023 
       Six months ended September  134,224,059  shares 
        30, 2022 
 

Earnings release (Kessan Tanshin) regarding these consolidated financial results is not subject to auditing procedures.

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 8 to 10 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 November 2, 2023.

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/1751S_1-2023-11-2.pdf

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November 02, 2023 03:41 ET (07:41 GMT)