Konami Holdings Corporation Distribution of retained earnings (2447L)

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RNS Number : 2447L

Konami Holdings Corporation

12 May 2022

 
                                               May 12, 2022 
 
 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:   [phone] 
 
 
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, 2022, 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, 2022.

   1.    Dividend distribution 
 
                     Year-end dividend  Previous year-end   Year-end dividend 
                                         dividend forecast   for prior year, 
                                           (announced on          actual 
                                           May 13, 2021)       (year ended 
                                                             March 31, 2021) 
 Record date          March 31, 2022      March 31, 2022     March 31, 2021 
                     -----------------  ------------------  ----------------- 
 Dividend per            87.00 yen          36.50 yen           50.50 yen 
  share 
                     -----------------  ------------------  ----------------- 
 Amount of dividend   11,621 million            -           6,727 million yen 
                            yen 
                     -----------------  ------------------  ----------------- 
 Date of payment       June 7, 2022             -             June 8, 2021 
                     -----------------  ------------------  ----------------- 
 Source of dividend  Retained earnings          -           Retained earnings 
                     -----------------  ------------------  ----------------- 
 

Breakdown of annual dividend (reference)

 
                           Cash dividends per share 
                     Second quarter  Year end     Annual 
    Record date            end 
                     --------------  ---------  ---------- 
 Year ended March      36.50 yen     87.00 yen  123.50 yen 
  31, 2022 
                     --------------  ---------  ---------- 
 Year ended March      22.50 yen     50.50 yen  73.00 yen 
  31, 2021 (actual) 
                     --------------  ---------  ---------- 
 
   2.    Reasons 

For the fiscal year ended March 31, 2022, we had not been able to reasonably calculate the impact on our projected consolidated results under the circumstances remained uncertain due to the spread of COVID-19 variants, although it was seen in a lull by the vaccination progress and other factors. Therefore, the projected consolidated results had not been determined. As for the dividend forecast for the fiscal year ended March 31, 2022, the dividend on an annual basis for the fiscal year ended March 31, 2022 was intended to be at least the same amount as the previous fiscal year ended March 31, 2021 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, 2022 was able to become reasonably determined.

As for the consolidated results for the fiscal year ended March 31, 2022, in a rapidly changing market environment, in addition to solid performance in the Digital Entertainment business throughout the fiscal year, performance of other businesses has recovered, thus increase of revenue and profit among all business segments are expected.

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, 2022, the year-end dividend will be 87.00 yen per share and thus the dividends on an annual basis will be 123.50 yen per share (an increase of 50.50 yen per share from the previous fiscal year and forecast) including the distributed interim dividend (36.50 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.

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END

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May 12, 2022 03:20 ET (07:20 GMT)