Konami Holdings Corporation Dividend Declaration (6615N)

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RNS Number : 6615N

Konami Holdings Corporation

10 May 2018

 
                                May 10, 2018 
 
 FOR IMMEDIATE RELEASE 
              KONAMI HOLDINGS CORPORATION 
              Takuya Kozuki, Representative 
               Director, President 
     Shares   Tokyo and London Stock 
    listed:    Exchanges 
 
   Contact:   Junichi Motobayashi, Corporate 
               Officer, General Manager, 
               Finance and Accounting 
       Tel:   [phone] 
 
 
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, 2018 as below.

The dividend amount will be formally decided at a meeting of the board of directors held on May 17, 2018, after a statutory audit of the financial reports for the fiscal year ended March 31, 2018.

   1.    Details of year-end dividend 
 
                      Year-end dividend  Previous year-end   Year-end dividend 
                                          dividend forecast      for prior 
                                             (announced         year, actual 
                                                 on             (year ended 
                                             January 31,         March 31, 
                                                2018)              2017) 
--------------------  -----------------  ------------------  ----------------- 
  Record date             March 31,          March 31,           March 31, 
                             2018               2018                2017 
--------------------  -----------------  ------------------  ----------------- 
  Dividend per            38.00 yen          35.00 yen           41.00 yen 
   share 
--------------------  -----------------  ------------------  ----------------- 
  Amount of dividend    5,139 million            -             5,545 million 
                             yen                                    yen 
--------------------  -----------------  ------------------  ----------------- 
  Date of payment       June 6, 2018             -             June 7, 2017 
--------------------  -----------------  ------------------  ----------------- 
  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, a dividend of 38 yen per share was approved as a year-end dividend for the fiscal year ended March 31, 2018, which was increased by 3 yen per share from the previous dividend forecast announced on January 31, 2018. As a result, including the distributed interim dividend of 30 yen per share, dividends on an annual basis will be 68 yen per share.

(Reference) Details of dividends on an annual basis

 
                         Cash dividends per share 
                                   (yen) 
---------------------  ---------------------------- 
                        Second    Year end   Annual 
                        quarter               total 
                          end 
---------------------  ---------  ---------  ------ 
  Year ended March 
   31, 2018 (actual)       30.00      38.00   68.00 
---------------------  ---------  ---------  ------ 
  Year ended March 
   31, 2017 (actual)       17.00      41.00   58.00 
---------------------  ---------  ---------  ------ 
 

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, Gaming & Systems, and Amusement businesses; (vi) our ability to successfully expand the scope of our business and broaden our customer base through our Health & Fitness 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 company news service from the London Stock Exchange

END

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May 10, 2018 05:18 ET (09:18 GMT)