Konami Holdings Corporation Rivision of dividend March 31 2019 (5067Y)

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RNS Number : 5067Y

Konami Holdings Corporation

09 May 2019

 
                                           May 9, 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:   [phone] 
 
 
News Release: Revision of Dividend Forecast for the Fiscal Year 
                      Ended March 31, 2019 
 

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the revision of its dividend forecast for the fiscal year ended March 31, 2019, 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, 2019.

   1.    Reasons for the revision of dividend forecast 

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% as our basic policy on the distribution on profits.

In light of this policy and the positive business performance for the year ended March 31,2019, the Company will revise its year-end dividend to be 65.50 yen per share, which will be increased by 5 yen per share from the previous dividend forecast. As a result, the dividends on an annual basis will be 126.00 yen per share, including the distributed second-quarter-end dividend.

   2.    Details for the revision 
 
                                          Cash dividends per share 
                      Second quarter end          Year end                Annual 
                     ---------------------  ---------------------  --------------------- 
 Previous forecast      **************            60.50 yen             121.00 yen 
  (announced on                              (Regular 35.50 yen)    (Regular 71.00 yen) 
  May 10, 2018)                              (Commemorative 25.00   (Commemorative 50.00 
                                                     yen)                   yen) 
                     ---------------------  ---------------------  --------------------- 
 Revised forecast       **************            65.50 yen             126.00 yen 
                                             (Regular 40.50 yen)    (Regular 76.00 yen) 
                                             (Commemorative 25.00   (Commemorative 50.00 
                                                     yen)                   yen) 
                     ---------------------  ---------------------  --------------------- 
 Year ended March          60.50 yen           **************         ************** 
  31, 2019 (actual)   (Regular 35.50 yen) 
                      (Commemorative 25.00 
                              yen) 
                     ---------------------  ---------------------  --------------------- 
 Year ended March          30.00 yen              38.00 yen              68.00 yen 
  31, 2018 (actual) 
                     ---------------------  ---------------------  --------------------- 
 

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 [e-mail] or visit www.rns.com.

END

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May 09, 2019 05:00 ET (09:00 GMT)