Konami Holdings Corporation Difference between Results for FY22 & FY21 (2449L)

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RNS Number : 2449L

Konami Holdings Corporation

12 May 2022

 
                                               May 12, 2022 
 
 FOR IMMEDIATE RELEASE 
                    KONAMI HOLDINGS 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 Difference between Consolidated 
                            Results 
       for the Fiscal Year Ended March 31, 2022 and 2021 
 

KONAMI HOLDINGS CORPORATION (the "Company") had not disclosed consolidated earnings forecast for the fiscal year ended March 31, 2022 due to the continued uncertainty over the future outlook caused by the spread of COVID-19 variants and other factors. However, the Company hereby announces the difference between the consolidated results for the fiscal year ended March 31, 2022 and 2021, as follows, since it has reached the Timely Disclosure Rules.

   1.    Difference between the Consolidated Results for the Fiscal Year Ended March 31, 2022 and 2021 
 
                                                                              (Millions of yen, except percentages) 
              ----------- 
                    Revenue    Business  Operating  Profit before  Profit for  Profit attributable  Basic earnings 
                                profit     Profit    income taxes   the year        to owners          per share 
                                                                                  of the parent      (attributable 
                                                                                                       to owners 
                                                                                                     of the parent) 
                                                                                                         (yen) 
                   ----------  --------  ---------  -------------  ----------  -------------------  --------------- 
  Year ended 
   March 31, 
   2021 (A)           272,656    64,164     36,550         35,581      32,274               32,261           242.17 
                   ----------  --------  ---------  -------------  ----------  -------------------  --------------- 
  Year ended 
   March 31, 
   2022 (B)           299,522    80,315     74,435         75,163      54,812               54,806           410.80 
                   ----------  --------  ---------  -------------  ----------  -------------------  --------------- 
  Change (B 
   - A)                26,866    16,151     37,885         39,582      22,538               22,545           ****** 
                   ----------  --------  ---------  -------------  ----------  -------------------  --------------- 
  Percentage 
   Change (%)             9.9      25.2      103.6          111.2        69.8         69.9                   ****** 
                   ----------  --------  ---------  -------------  ----------  -------------------  --------------- 
 
 

Reason for the difference

In a rapidly changing market environment due to the tense state of affairs in Ukraine and the spread of COVID-19 variants, in addition to solid performance in the Digital Entertainment business throughout the fiscal year, performance of other businesses has recovered, resulting in increase of revenue and profit among all business segments. Consequently, consolidated results for the fiscal year ended March 31, 2022 exceeded consolidated results for the fiscal year ended March 31, 2021.

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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May 12, 2022 03:21 ET (07:21 GMT)