Konami Group Corporation Release: Distribution of Retained Earnings

RNS Number : 7671N

Konami Group Corporation

09 May 2024

 

May 9, 2024
FOR IMMEDIATE RELEASE
		KONAMI GROUP CORPORATION
		Kimihiko Higashio, Representative Director, President
	Shares listed:	Tokyo and London Stock Exchanges
	Contact:	Junichi Motobayashi, Corporate Officer, General Manager, Finance Division
	Tel:	[phone]

 

News Release: Notice Regarding Distribution of Retained Earnings

KONAMI GROUP CORPORATION (the "Company") hereby announces it resolved the dividend amount of retained earnings at the Board of Directors meeting held today with a record date of March 31, 2024, as follows.

The dividend amount will be formally decided at the meeting of its board of directors, after the statutory audit procedures of the financial statements for the fiscal year ended March 31, 2024.

 

1.   Dividend distribution

	Year-end dividend	Previous year-end dividend forecast (announced on May 11, 2023)	Year-end dividend for prior year, actual (year ended March 31, 2023)
Record date	March 31, 2024	March 31, 2024	March 31, 2023
Dividend per share	69.00 yen	62.00 yen	62.00 yen
Amount of dividend	9,353 million yen	-	8,405 million yen
Date of payment	June 5, 2024	-	June 7, 2023
Source of dividend	Retained earnings	-	Retained earnings

 

Breakdown of annual dividend (reference)

	Cash dividends per share
Record date	Second quarter end	Year end	Annual
Year ended March 31, 2024	62.00 yen	69.00 yen	131.00 yen
Year ended March 31, 2023 (actual)	62.00 yen	62.00 yen	124.00 yen

 

 

 

2.   Reasons

As for the dividend forecast for the fiscal year ended March 31, 2024, the dividend on an annual basis was originally intended to be the same amount as the actual dividend for the prior fiscal year ended March 31, 2023. With the Digital Entertainment business reaching record high total revenue and business profit, while the Amusement, Gaming & Systems, and Sports businesses each performed well, the consolidated results are expected to reach record highs. Having recalculated the dividend on an annual basis in accordance with the Basic Policy on the Distribution of Profits, dividend for the fiscal year ended March 31, 2024 is expected to increase from its original forecast.

As a result of re-calculation of payment of dividend to achieve a consolidated payout ratio of more than 30 % based on the consolidated results for the fiscal year ended March 31, 2024, the year-end dividend will be 69.00 yen per share. Including the distributed interim dividend (62.00 yen per share), the dividends on an annual basis will be 131.00 yen per share (an increase of 7.00 yen per share from the prior fiscal year and forecast), and both the dividend per share and the total amount of the dividend will be the highest ever.

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, 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.

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