TIDMKNM

RNS Number : 1155Z

Konami Group Corporation

11 May 2023

 
  Consolidated Financial Results 
for the Year Ended March 31, 2023 
(Prepared in Accordance with IFRS) 
                      May 11, 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: +81-3-6636-0573) 
Date of General                                Beginning date 
 Shareholders Meeting:      June 28, 2023       of dividend         June 7, 2023 
                                                payment: 
 

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

1. Consolidated Financial Results for the Year Ended March 31, 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     year          to 
                                                               taxes                  owners 
                                                                                      of the 
                                                                                      parent 
--------------------------  --------  ---------  ----------  --------  ---------  ------------- 
Year ended March 31, 
 2023                       314,321    56,611      46,185     47,120    34,895       34,895 
   % change from previous 
    year                      4.9%     (29.5)%    (38.0)%    (37.3)%    (36.3)%      (36.3)% 
Year ended March 31, 
 2022                       299,522    80,315      74,435     75,163    54,812       54,806 
   % change from previous 
    year                      9.9%      25.2%      103.6%     111.2%     69.8%        69.9% 
--------------------------  --------  ---------  ----------  --------  ---------  ------------- 
 
 
Total comprehensive income  Year ended March 31, 2023: Y39,834 million; 
 for the year:               (32.9)% 
                            Year ended March 31, 2022: Y59,340 million; 
                             71.8% 
 
 
Note)  Business profit is calculated by deducting "cost of revenue" 
        and "selling, general and administrative expenses" from "revenue." 
 
 
                    Basic earnings   Diluted earnings      Return on         Ratio of       Ratio of 
                       per share         per share           profit           profit        operating 
                     (attributable     (attributable      attributable     before income      profit 
                          to                to                 to            taxes to       to revenue 
                       owners of         owners of         owners of           total 
                          the               the               the             assets 
                     parent) (yen)     parent) (yen)         parent 
-----------------  ---------------  -----------------  ---------------  ----------------  ------------ 
Year ended March 
 31, 2023                   258.81             257.49             9.6%              8.8%         14.7% 
Year ended March 
 31, 2022                   410.80             404.62            16.9%             14.8%         24.9% 
-----------------  ---------------  -----------------  ---------------  ----------------  ------------ 
 
 
   Reference: Profit from investments accounted for using the equity 
    method 
  Year ended March 31, 2023: Y 137 million 
  Year ended March 31, 2022: Y 87 million 
 
 
(2) Consolidated Financial  (Millions of Yen, except percentages 
 Position                                 and per share amounts) 
 
 
             Total assets   Total equity  Total equity   Ratio of equity   Equity attributable 
                                           attributable    attributable         to owners 
                                                to              to                of the 
                                            owners of       owners of           parent per 
                                               the             the                share 
                                              parent          parent              (yen) 
----------  -------------  -------------  -------------  ---------------  -------------------- 
March 31, 
 2023             547,223        376,279        376,264            68.8%              2,775.65 
March 31, 
 2022             528,613        348,076        348,061            65.8%              2,605.63 
----------  -------------  -------------  -------------  ---------------  -------------------- 
 
 
(3) Consolidated Cash Flows  (Millions of Yen) 
 
 
                          Net cash provided by (used in)          Cash and 
                                                               cash equivalents 
                                                                    at the 
                                                                 end of year 
                       -------------------------------------  ----------------- 
                        Operating    Investing    Financing 
                        activities   activities   activities 
---------------------  -----------  -----------  -----------  ----------------- 
Year ended March 31, 
 2023                       36,098     (42,786)     (27,467)            219,263 
Year ended March 31, 
 2022                       96,542     (22,993)     (27,913)            250,711 
---------------------  -----------  -----------  -----------  ----------------- 
 

2. Cash Dividends

 
   Record Date              Cash dividends per share               Total cash      Payout ratio     Cash dividend 
                                      (yen)                         dividends      (consolidated)      rate for 
                                                                    (annual)                            equity 
                                                                                                     attributable 
                                                                                                          to 
                                                                                                      owners of 
                                                                                                         the 
                                                                                                        parent 
                                                                                                    (consolidated) 
                   -------------------------------------------                                     --------------- 
                    First     Second    Third    Year   Annual 
                    quarter   quarter   quarter   end 
                      end       end       end 
                   --------                             ------                                     --------------- 
Year ended March 
 31,                      -     36.50         -  87.00  123.50   Y16,497 million            30.1%             5.1% 
 2022 
Year ended March 
 31,                      -     62.00         -  62.00  124.00   Y16,805 million            47.9%             4.6% 
 2023 
-----------------  --------  --------  --------  -----  ------  ----------------                   --------------- 
Year ending 
 March 31,                -     62.00         -  62.00  124.00           *******            41.0%          ******* 
 2024 (Forecast) 
-----------------  --------  --------  --------  -----  ------  ----------------                   --------------- 
 

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% 
--------------------------  --------  ---------  ----------  --------  --------------  -------------- 
 

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 March 31, 2023       143,500,000  shares 
       As of March 31, 2022       143,500,000  shares 
2.  Number of treasury shares: 
       As of March 31, 2023         7,941,177  shares 
       As of March 31, 2022         9,919,591  shares 
3.  Average number of shares outstanding: 
       Year ended March 31, 2023  134,830,397  shares 
       Year ended March 31, 2022  133,410,926  shares 
 

(Reference) Summary of Non-consolidated Financial Results

Results for the Year Ended March 31, 2023

 
      (1) Non-consolidated Results of  (Millions of Yen, except percentages 
       Operation                                     and per share amounts) 
 
 
                             Operating revenues   Operating income   Ordinary income   Net income 
--------------------------  -------------------  -----------------  ----------------  ----------- 
Year ended March 
 31, 2023                         48,576              43,677             44,997         44,322 
   % change from previous 
    year                          146.8%              171.8%             170.3%         169.9% 
Year ended March 
 31, 2022                         19,686              16,066             16,649         16,421 
   % change from previous 
    year                          (62.5)%             (67.8)%           (66.8)%          18.1% 
--------------------------  -------------------  -----------------  ----------------  ----------- 
 
 
                   Basic net income    Diluted net 
                    per share (yen)       income 
                                      per share (yen) 
-----------------  ----------------  ---------------- 
Year ended March 
 31, 2023               328.73            326.95 
Year ended March 
 31, 2022               123.09            121.13 
-----------------  ----------------  ---------------- 
 
 
      (2) Non-consolidated Financial  (Millions of Yen, except percentages) 
       Position 
 
 
                  Total assets   Total net assets   Equity ratio     Net assets 
                                                                   per share (yen) 
---------------  -------------  -----------------  -------------  ---------------- 
March 31, 2023      351,413          287,842           81.9%          2,123.38 
March 31, 2022      336,617          255,098           75.8%          1,909.70 
---------------  -------------  -----------------  -------------  ---------------- 
 
 
   Reference: Total Stockholders' equity 
  Year ended March 31, 2023: Y287,842 million 
  Year ended March 31, 2022: Y255,098 million 
 

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 9 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 May 11, 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/1155Z_1-2023-5-11.pdf

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May 11, 2023 05:13 ET (09:13 GMT)

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