Konami Holdings Corporation Notice : Distribution of Retained Earnings (8469E)

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RNS Number : 8469E

Konami Holdings Corporation

11 May 2017

 
                                                        May 11, 2017 
 
 FOR IMMEDIATE RELEASE 
 
 Company Name:     KONAMI HOLDINGS CORPORATION 
 Representative:   Takuya Kozuki, Representative Director, President 
 Shares listed:    Tokyo Stock Exchange and London Stock Exchange 
 Contact:          Junichi Motobayashi, General Manager, Finance 
                    and Accounting Department 
                    (Phone: [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, 2017 as below.

The dividend amount will be formally decided at a meeting of the board of directors held on May 18, 2017, after a statutory audit of the financial reports for the fiscal year ended March 31, 2017.

   1.   Details of year-end dividend 
 
                      Year-end dividend  Previous year-end   Year-end dividend 
                                          dividend forecast   for prior year, 
                                            (announced on          actual 
                                          January 31, 2017)     (year ended 
                                                              March 31, 2016) 
--------------------  -----------------  ------------------  ----------------- 
  Record date          March 31, 2017      March 31, 2017     March 31, 2016 
--------------------  -----------------  ------------------  ----------------- 
  Dividend per share      41.00 yen          37.00 yen           12.50 yen 
--------------------  -----------------  ------------------  ----------------- 
  Amount of dividend    5,545 million            -             1,691 million 
                             yen                                    yen 
--------------------  -----------------  ------------------  ----------------- 
  Date of payment       June 7, 2017             -             June 3, 2016 
--------------------  -----------------  ------------------  ----------------- 
  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.

A dividend of 41 yen per share was approved as a year-end dividend for the fiscal year ended March 31, 2017. As a result, including the interim dividend of 17 yen per share paid on November 18, 2016, dividends on an annual basis will be 58 yen per share.

(Reference) Details of the dividends on an annual basis

 
                                 Cash dividends per share (yen) 
----------------------------  ------------------------------------ 
                                 Second     Year end  Annual total 
                               quarter end 
----------------------------  ------------  --------  ------------ 
  Year ended March 31, 2017 
   (actual)                          17.00     41.00         58.00 
----------------------------  ------------  --------  ------------ 
  Year ended March 31, 2016 
   (actual)                          10.50     12.50         23.00 
----------------------------  ------------  --------  ------------ 
 

End of File

This information is provided by RNS

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May 11, 2017 04:13 ET (08:13 GMT)