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KNM Konami Group Corporation

5,923.225
0.00 (0.00%)
Last Updated: 00:00:00
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 Dividend Declaration (3023A)

28/05/2019 8:21am

UK Regulatory


TIDMKNM

RNS Number : 3023A

Konami Holdings Corporation

28 May 2019

 
                                          May 28, 2019 
 
 FOR IMMEDIATE RELEASE 
                    KONAMI HOLDINGS CORPORATION 
                    Takuya Kozuki, Representative 
                     Director, President 
   Shares listed:   Tokyo and London Stock Exchanges 
 
         Contact:   Junichi Motobayashi, Corporate 
                     Officer, General Manager, Finance 
                     and Accounting 
             Tel:   +81-3-5771-0222 
 
 
News Release: Notice Regarding Distribution of Retained Earnings 
 

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the resolution passed at the meeting of its board of directors held today regarding the distribution of retained earnings with a record date of March 31, 2019 as below.

   1.    Details of year-end dividend 
 
                        Year-end dividend      Previous year-end    Year-end dividend 
                                               dividend forecast     for prior year, 
                                                 (announced on            actual 
                                                  May 9, 2019)         (year ended 
                                                                     March 31, 2018) 
  Record date            March 31, 2019         March 31, 2019       March 31, 2018 
                      ---------------------  ---------------------  ----------------- 
  Dividend per share        65.50 yen              65.50 yen            38.00 yen 
                       (Regular 40.50 yen)    (Regular 40.50 yen) 
                       (Commemorative 25.00   (Commemorative 25.00 
                               yen)                   yen) 
                      ---------------------  ---------------------  ----------------- 
  Amount of dividend    8,858 million yen              -              5,139 million 
                                                                           yen 
                      ---------------------  ---------------------  ----------------- 
  Date of payment         June 12, 2019                -              June 6, 2018 
                      ---------------------  ---------------------  ----------------- 
  Source of dividend    Retained earnings              -            Retained earnings 
                      ---------------------  ---------------------  ----------------- 
 
   2.    Reasons for the distribution of retained earnings 

The Company believes that the provision of dividends and the enhancement of corporate value are important ways to return profits to its shareholders. The Company aims to achieve a consolidated payout ratio of more than 30% and will endeavor to further increase the level of dividends. The Company also intends to use retained earnings for investments focused on business areas with good future prospects in order to continue to reinforce Konami Group's growth potential and competitiveness.

In light of this policy and the positive business performance, as the dividend forecast announced on May 9, 2019, a dividend of 65.50 yen per share was approved as a year-end dividend for the fiscal year ended March 31, 2019. As a result, including the distributed interim dividend, dividends on an annual basis will be 126.00 yen per share.

(Reference) Details of dividends on an annual basis

 
                                    Cash dividends per share (yen) 
-----------------------  ---------------------------------------------------- 
                              Second           Year end        Annual total 
                            quarter end 
-----------------------  ----------------  ----------------  ---------------- 
  Year ended March 31,        60.50             65.50             126.00 
   2019 (actual) 
                          (Regular 35.50)   (Regular 40.50)   (Regular 76.00) 
                          (Commemorative    (Commemorative    (Commemorative 
                               25.00)            25.00)            50.00) 
-----------------------  ----------------  ----------------  ---------------- 
  Year ended March 31, 
   2018 (actual)               30.00             38.00             68.00 
-----------------------  ----------------  ----------------  ---------------- 
 

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.

END

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(END) Dow Jones Newswires

May 28, 2019 03:21 ET (07:21 GMT)

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