Konami Group Corporation Release: Revision of the Consolidated Forecast

RNS Number : 6759B

Konami Group Corporation

01 February 2024

 

February 1, 2024
FOR IMMEDIATE RELEASE
		KONAMI GROUP CORPORATION
		Kimihiko Higashio, Representative Director, President
	Shares listed:	Tokyo and London Stock Exchanges
	Contact:	Junichi Motobayashi, Corporate Officer, General Manager, Finance Division
	Tel:	[phone]

News Release: Notice Regarding Revision of the Consolidated Forecast for the Fiscal Year Ending March 31, 2024

KONAMI GROUP CORPORATION (the "Company") hereby announces the revision of its consolidated earnings forecast for the fiscal year ending March 31, 2024, which was released on May 11, 2023 in its Consolidated Financial Results for the Year Ended March 31, 2023, in light of its recent business performance.

 

1.   Revision of the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024

For the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
	(Millions of yen, except percentages)
		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)
Previous forecast (A) Released on May 11, 2023		328,000	63,000	60,000	59,000	41,000	302.45
Revised forecast (B)		343,000	78,500	72,000	72,000	51,000	376.22
Change (B - A)		15,000	15,500	12,000	13,000	10,000
Percentage Change (%)		4.6	24.6	20.0	22.0	24.4
	<For reference>
Results for the year ended March 31, 2023		314,321	56,611	46,185	47,120	34,895	258.81

 

 

2.   Reasons for the Revision

Consolidated earnings forecast for the fiscal year ending March 31, 2024 is expected to exceed the initial forecast, mainly due to earnings from core titles in the Digital Entertainment business exceeding their plan.

 

3.   Dividend forecast

There will be no change in the annual dividend of 124.00 yen per share, which includes an interim dividend of 62.00 yen per share and a year-end dividend of 62.00 yen per share.

 

End

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.

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