Konami Voluntarily Delists Itself From The New York Stock Exchange

It hasn’t been a good few weeks for publisher Konami, at least from a public relations standpoint. First the split with Kojima that has put the future of the Metal Gear series in a place of uncertainty, and now the confirmation that Silent Hills has been cancelled has made the company a bit of pariah among game fans. Now Konami has decided to delist itself from the New York Stock Exchange, though it will continue to trade on the Tokyo and London exchange.

KONAMI CORPORATION (the “Company”) hereby announces that the voluntary delisting of its American Depositary Shares (“ADSs”) from the New York Stock Exchange (the “NYSE”) became effective prior to the opening of trading on April 24, 2015 (Eastern Time in the U.S.) as scheduled, following the filing, on April 13, 2015, of a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) for delisting from the NYSE and deregistration with the SEC as announced on April 1, 2015. In addition, the Company has filed a Form 15F with the SEC on April 24, 2015 to terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

As you can see from that the decision was made before confirmation of any Silent Hills cancellation, in fact almost two weeks ago. One of the main factors is probably due to the fact that only 0.3% of Konami’s public trading was done on the New York exchange over the last 12 months. From a business standpoint it probably isn’t worth the publisher remaining in New York’s stock market for what would be considered a small financial amount.

Source: Konami/SEC