The company was founded in 1969 as a jukebox rental and repair business in Osaka, Japan, by Kagemasa Kozuki, the still-current chairman and CEO. The name "Konami" is a conjunction of the names Kagemasa Kozuki, Yoshinobu Nakama, Hiro Matsuda, and Shokichi Ishihara, who were partners acquired by Kozuki and the original founders of Konami Industry Co., Ltd in 1973. Konami also means "small waves".