[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Konami Holdings Corporation LSE:KNM London Ordinary Share JP3300200007 JPY50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 5,923.225 100 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 262,144.0 17,122.0 113.6 5,214.1 849,983

Konami Holdings Corporation Distribution of retained earnings

13/05/2021 8:36am

UK Regulatory (RNS & others)


TIDMKNM

RNS Number : 5208Y

Konami Holdings Corporation

13 May 2021

 
                                               May 13, 2021 
 
 FOR IMMEDIATE RELEASE 
                    KONAMI HOLDINGS CORPORATION 
                    Kimihiko Higashio, Representative 
                     Director, President 
   Shares listed:   Tokyo and London Stock Exchanges 
 
         Contact:   Junichi Motobayashi, Corporate Officer, 
                     General Manager, Finance Division 
             Tel:   +81-3-6636-0573 
 
 
News Release: Notice Regarding Distribution of Retained Earnings 
 

KONAMI HOLDINGS 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, 2021, 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, 2021.

   1.    Dividend distribution 
 
                     Year-end dividend   Previous year-end    Year-end dividend 
                                          dividend forecast    for prior year, 
                                            (announced on           actual 
                                         September 23, 2020)     (year ended 
                                                               March 31, 2020) 
 Record date          March 31, 2021       March 31, 2021      March 31, 2020 
                     -----------------  --------------------  ----------------- 
 Dividend per            50.50 yen           22.50 yen            7.00 yen 
  share 
                     -----------------  --------------------  ----------------- 
 Amount of dividend  6,727 million yen           -             933 million yen 
                     -----------------  --------------------  ----------------- 
 Date of payment       June 8, 2021              -              June 10, 2020 
                     -----------------  --------------------  ----------------- 
 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        22.50 yen       50.50 yen  73.00 yen 
  31, 2021 
                     ------------------  ---------  --------- 
 Year ended March        38.00 yen       7.00 yen   45.00 yen 
  31, 2020 (actual) 
                     ------------------  ---------  --------- 
 
   2.    Reasons 

For the fiscal year ended March 31, 2021, we had not been able to reasonably calculate the impact on our projected consolidated results under the circumstances that we could not predict when the outbreak settles down and consumption trend recovers. Therefore, the projected consolidated results had not been determined. As for the dividend forecast for the fiscal year ended March 31, 2021, the dividend on an annual basis for the fiscal year ended March 31, 2021 was intended to be at least the same amount as the previous fiscal year ended March 31, 2020 and we intended to recalculate the dividend on an annual basis to achieve a consolidated payout ratio of more than 30 % at the time when the consolidated earnings forecast for the fiscal year ended March 31, 2021 was able to become reasonably determined.

As for the consolidated results for the fiscal year ended March 31, 2021, revenues of some business segments were impacted from temporal closures to prevent the coronavirus outbreak as well as world-wide economic slowdown. However, strong performance of products and services in the Digital Entertainment business including mobile games, computer and video games and card games led to increase in revenues and profits.

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, 2021, the year-end dividend will be 50.50 yen per share and thus the dividends on an annual basis will be 73.00 yen per share (an increase of 28.00 yen per share from the previous fiscal year and forecast) including the distributed interim dividend (22.50 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, 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSFLSWDEFSEDI

(END) Dow Jones Newswires

May 13, 2021 03:36 ET (07:36 GMT)

1 Year Konami Chart

1 Year Konami Chart

1 Month Konami Chart

1 Month Konami Chart
ADVFN Advertorial
Your Recent History
LSE
KNM
Konami
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211028 02:17:05