Konami Group Corporation 3rd Quarter Results (7163O)

TIDMKNM

RNS Number : 7163O

Konami Group Corporation

02 February 2023

 
      Consolidated Financial Results 
for the Nine Months Ended December 31, 2022 
    (Prepared in Accordance with IFRS) 
                           February 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:      - 
 

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

1. Consolidated Financial Results for the Nine Months Ended December 31, 2022

 
(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 
---------------------------  --------  ---------  ----------  --------  ---------  ------------- 
Nine months ended December 
          31, 2022           226,878    41,062      37,523     38,374    27,571       27,571 
  % change from previous 
            year               5.5%     (31.2)%    (37.8)%    (35.9)%    (34.9)%      (34.9)% 
Nine months ended December 
          31, 2021           215,048    59,657      60,311     59,860    42,383       42,381 
  % change from previous 
            year              12.0%      30.2%      48.8%      51.5%      56.9%        57.0% 
---------------------------  --------  ---------  ----------  --------  ---------  ------------- 
 
 
Total comprehensive income  Nine months ended December 31, 2022: Yen31,509 
 for the period:             million; (28.1)% 
                            Nine months ended December 31, 2021: Yen43,800 
                             million; 66.6% 
 
 
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) 
---------------------------  --------------------  -------------------- 
Nine months ended December 
 31, 2022                                  204.82                203.46 
Nine months ended December 
 31, 2021                                  317.79                312.89 
---------------------------  --------------------  -------------------- 
 
 
(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 
---------------  -------------  -------------  --------------  --------------- 
December 31, 
 2022                  524,079        367,955         367,940            70.2% 
March 31, 2022         528,613        348,076         348,061            65.8% 
---------------  -------------  -------------  --------------  --------------- 
 

2. Cash Dividends

 
     Record Date                       Cash dividends per share (yen) 
                       --------------------------------------------------------------- 
                       First quarter  Second quarter  Third quarter  Year end  Annual 
                            end             end            end 
                       -------------                                           ------- 
Year ended March 
 31, 2022                          -           36.50              -     87.00   123.50 
Year ending March 
 31, 2023                          -           62.00              -   *******  ******* 
---------------------  -------------  --------------  -------------  --------  ------- 
Year ending March 
 31, 2023 (Forecast)         *******         *******        *******     62.00   124.00 
---------------------  -------------  --------------  -------------  --------  ------- 
 
 
      Note)  Recently announced change in dividend forecasts for 
              the fiscal year ending March 31, 2023 during the three 
              months ended December 31, 2022: No 
 

3. Consolidated Earnings Forecast for the Year Ending March 31, 2023

 
  (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, 
 2023                       303,000    50,500      42,500     42,500       29,000          213.93 
                                                                                       -------------- 
   % change from previous 
    year                      1.2%     (37.1)%    (42.9)%    (43.5)%      (47.1)% 
--------------------------  --------  ---------  ----------  --------  --------------  -------------- 
 
 
Note)  Recently announced change in earnings forecasts for the fiscal 
        year ending March 31, 2023 during the three months ended December 
        31, 2022: Yes 
 

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 December 31, 2022     143,500,000  shares 
       As of March 31, 2022        143,500,000  shares 
2.  Number of treasury shares: 
       As of December 31, 2022       7,941,026  shares 
       As of March 31, 2022          9,919,591  shares 
3.  Average number of shares outstanding: 
       Nine months ended December  134,611,852  shares 
        31, 2022 
       Nine months ended December  133,360,057  shares 
        31, 2021 
 

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: ( ) changes in economic conditions affecting our operations; ( ) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar and the Euro; ( ) 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; ( ) the timing of the release of new game titles and products, especially game titles and products that are part of historically popular series; ( ) our ability to successfully expand internationally with a focus on our Digital Entertainment, Amusement, and Gaming & Systems businesses; ( ) our ability to successfully expand the scope of our business and broaden our customer base through our Sports business; ( ) regulatory developments and changes and our ability to respond and adapt to those changes; ( ) our expectations with regard to further acquisitions and the integration of any companies we may acquire; and ( ) 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 February 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/7163O_1-2023-2-2.pdf

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February 02, 2023 02:23 ET (07:23 GMT)