Konami Holdings Corporation Revision of the Consolidated Earnings Forecast (4233B)
January 30 2020 - 3:54AM
UK Regulatory
TIDMKNM
RNS Number : 4233B
Konami Holdings Corporation
30 January 2020
January 30, 2020
FOR IMMEDIATE RELEASE
KONAMI HOLDINGS CORPORATION
Takuya Kozuki, Representative
Director, President
Shares listed: Tokyo and London Stock Exchanges
Contact: Junichi Motobayashi, Corporate
Officer, General Manager, Finance
and Accounting
Tel: +81-3-6636-0589
News Release: Notice Regarding Revision of the Consolidated Forecast
for the Fiscal Year Ending March 31, 2020
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the
revision of its consolidated earnings forecast for the fiscal year
ending March 31, 2020, which was released on May 9, 2019 in its
Consolidated Financial Results for the Year Ended March 31, 2019,
in light of its recent business performance.
1. Revision of the Consolidated Forecast for the Fiscal Year Ending March 31, 2020
For the fiscal year ending March 31, 2020 (from April 1, 2019
to March 31, 2020)
---------------------------------------------------------------------------------------------
(Millions of yen, except percentages)
Revenue Operating Profit before Profit attributable Basic earnings
profit income taxes to owners per share
of the parent (attributable
to owners
of the parent)
(yen)
------- --------- ------------- ------------------- ---------------
Previous forecast
(A) Released
on May 9, 2019 270,000 47,000 46,000 30,000 221.84
------- --------- ------------- ------------------- ---------------
Revised forecast
(B) 263,500 33,000 32,000 21,000 155.29
------- --------- ------------- ------------------- ---------------
Change (B -
A) (6,500) (14,000) (14,000) (9,000)
------- --------- ------------- ------------------- ---------------
Percentage
Change (%) (2.4)% (29.8)% (30.4)% (30.0)%
------- --------- ------------- ------------------- ---------------
<For reference>
---------------------------------------------------------------------------------------------
Results for
the year ended
March 31, 2019 262,549 50,522 50,310 34,217 252.86
------- --------- ------------- ------------------- ---------------
2. Reasons for the Revision
The Company revised its consolidated earnings forecast for the
fiscal year ending March 31, 2020 as stated above since it
predicted the earnings results would finish below its previous
forecast, mainly due to recognition of impairment loss for
property, plant and equipment and goodwill amidst the increasingly
competitive environment surrounding the sports business, looking to
improve and strengthen our profit structure, and timing revision of
product launches.
3. Dividend forecast
The Company will maintain its annual dividend to be 76.00 yen
per share, which includes an interim dividend of 38.00 yen per
share and a year-end dividend of 38.00 yen per share. The payment
of dividends for the fiscal year ending March 31, 2020 will
maintain the same level of regular dividends for the year ended
March 31,2019 which was based on the record profits achieved.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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