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KNM Konami Group Corporation

5,923.225
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Konami Group Corporation LSE:KNM London Ordinary Share JP3300200007 ORD JPY50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5,923.225 800 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 314.59B 34.9B 243.1707 0.26 9.16B

Konami Holdings Corporation Revision of Earnings and Dividend Forecast 201703 (5553V)

31/01/2017 7:11am

UK Regulatory


TIDMKNM

RNS Number : 5553V

Konami Holdings Corporation

31 January 2017

 
                                             January 31, 2017 
 
 FOR IMMEDIATE RELEASE 
 
                                  KONAMI HOLDINGS CORPORATION 
            Takuya Kozuki, Representative Director, President 
              Shares listed: Tokyo and London Stock Exchanges 
 
   Contact: Junichi Motobayashi, General Manager, Finance and 
                                                   Accounting 
                                         Tel: +81-3-5771-0222 
 
 
   Notice on Revision of the Consolidated Earnings Forecast 
 and the Dividend Forecast for the Fiscal Year Ending March 31, 
                              2017 
 

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the revision of its consolidated earnings forecast and dividend forecast for the fiscal year ending March 31, 2017, which were released on May 10, 2016 in its Consolidated Financial Results for the Year Ended March 31, 2016, in light of its recent business performance.

   1.   Revision of the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2017 
 
   For the fiscal year ending March 31, 2017 (from April 1, 2016 
    to March 31, 2017) 
--------------------------------------------------------------------------------------------- 
                                                        (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 10, 
   2016               210,000     25,000         24,000               15,000           110.91 
--------------------  -------  ---------  -------------  -------------------  --------------- 
  Revised forecast 
   (B)                225,000     36,000         35,000               24,000           177.46 
--------------------  -------  ---------  -------------  -------------------  --------------- 
  Change (B - 
   A)                  15,000     11,000         11,000                9,000       ---------- 
--------------------  -------  ---------  -------------  -------------------  --------------- 
  Percentage 
   Change (%)            7.1%      44.0%          45.8%                60.0%       ---------- 
--------------------  -------  ---------  -------------  -------------------  --------------- 
 <For reference> 
--------------------------------------------------------------------------------------------- 
  Results for 
   the year ended 
   March 31, 2016     249,902     24,679         23,768               10,516            76.44 
--------------------  -------  ---------  -------------  -------------------  --------------- 
 

Reasons for the Revision

For the nine months ended December 31, 2016, consolidated financial results of operating profit, profit before income tax and profit attributable to owners of the parent exceeded those previous consolidated forecasts for the fiscal year ending March 31, 2017.

In the Digital Entertainment segment, Yu-Gi-Oh! DUEL LINKS and JIKKYOU POWERFUL SOCCER, mobile games released during this third quarter ended December 31, 2016, performed strongly. Other mobile games, including JIKKYOU PAWAFURU PUROYAKYU and PROFESSIONAL BASEBALL SPIRITS A (Ace), also continued to remain steady.

In the Health & Fitness segment, the earnings results were steady due to improved quality and operational efficiency of the facilities.

In light of these business performances, the Company revised its consolidated earnings forecast for the fiscal year ending March 31, 2017 as set forth above since it predicted the earnings results would finish above its previous forecast.

   2.   Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2017 
 
                            Annual dividends per share (yen) 
----------------------  ---------------------------------------- 
                        Second quarter   Year end   Annual total 
                              end 
----------------------  --------------  ----------  ------------ 
  Previous forecast       ----------    17.00 yen    34.00 yen 
   released on May 10, 
   2016 
----------------------  --------------  ----------  ------------ 
  Revised forecast        ----------    37.00 yen    54.00 yen 
----------------------  --------------  ----------  ------------ 
  Year ended March 31,    17.00 yen     ----------   ---------- 
   2017 (actual) 
----------------------  --------------  ----------  ------------ 
  Year ended March 31,    10.50 yen     12.50 yen    23.00 yen 
   2016 (actual) 
----------------------  --------------  ----------  ------------ 
 

Reasons for the Revision

Since the Company believes that the provision of dividends and the enhancement of corporate value are important ways to return profits to its shareholders, the basic policy is to emphasize payment of dividends as a target for more than 30% in the consolidated payout ratio.

Based on this basic policy, once the Company had forecasted a year-end dividend would be 17.00 yen per share, it predicted profit attributable to owners of the parent would finish above its previous forecast as set forth above in the revision of its consolidated earnings forecast for the fiscal year ending March 31, 2017 and revised the year-end dividend forecast would be 37.00 yen per share. As a result, including the interim dividend of 17.00 yen per share, dividends on an annual basis will be 54.00 yen per share.

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 business and Gaming & Systems business; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness 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 company news service from the London Stock Exchange

END

MSCEAKFFDSSXEEF

(END) Dow Jones Newswires

January 31, 2017 02:11 ET (07:11 GMT)

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