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Konami holdings corporations
Prepared by: ifeanyichukwu ogwumike Pedram sharifi
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introduction Konami Holdings Corporation commonly referred to as: Konami is a Japanese entertainment and gaming conglomerate. It operates as a product distributor (which produces and distributes trading cards, anime, tokusatsu, slot machines and arcade cabinets . The company was founded on March 21, 1969 konami operates in over 30 countries all around the world
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Background information
. Konami is currently headquartered in Tokyo. In the United States, Konami manages its video game business from offices in El Segundo, California and its casino gaming business from offices in Paradise, Nevada . Its Australian gaming operations are located in Sydney. As of March 2016, it owns 21 consolidated subsidiaries around the world . The company started supporting the 16-bit video game consoles during this period, starting with the Super NES in 1990, followed by the PC Engine in 1991 and the Sega Genesis in 1992.
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Konami risks
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Types of risks that konami faces:
Financial risk tax risk Consumer risk Technological risk
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Financial risk Financial risks affect konami company by the indication of the price factor of gaming products compared to its competitors.
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tax risk konami ltd is a multinational company, so while marketing it’s products in various countries it is open to facing risky tax policies.
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Consumer risk When advertising their products konami faces a risk of appealing to all their consumer masses of age groups and gender.
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Technological risk Day by day technology in the gaming world improves by the vision, clarity speed and a whole lot of other things. This puts konami under pressure to make new products to keep up with the competitors.
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Konami risk management strategy
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Planning Management and Arrangement Monitoring Report
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Planning This is not conducted in isolation, it forms a part of the normal commercial decision making process. The main priority for the company is to ensure that the company is compliant with local legislation. Where necessary external professional advice will be sought on transactions where our internal resources do not have the necessary expertise.
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Management and arrangement
Day-to-day management and implementation of our strategy is delegated by the senior management of Konami Digital Entertainment to our internal tax team. The internal team assesses, mitigates and manages risks. The senior management of Konami Digital Entertainment provides leadership and oversight, in respect of all business strategies, including tax.
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monitoring Monitoring risk, including tracking identified risks and evaluating the performance of risk mitigation actions is critical to the risk mitigation process. Systematically monitoring risk feeds information back into the other risk management activities.
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report Reports recommendations for improvements based on systematic analyses of information at agreed intervals.
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conclusion Enterprises as big as konami ltd are always going to be facing risks, so in order for the risks not to affect the company, they have to keep up with their risk management strategy and inform all sections of the company.
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