Konami Holdings Corporation Revision of the Earnings and Dividend Forecast (4593D)

TIDMKNM

RNS Number : 4593D

Konami Holdings Corporation

31 January 2018

 
                            January 31, 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] 
 
 
   Notice on Revision of the Consolidated Earnings 
                       Forecast 
 and the Dividend Forecast for the Fiscal Year Ending 
                    March 31, 2018 
 

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the revision of its consolidated earnings forecast and dividend forecast for the fiscal year ending March 31, 2018, which were released on May 11, 2017 in its Consolidated Financial Results for the Year Ended March 31, 2017, in light of its recent business performance.

   1.   Revision of the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2018 
 
   For the fiscal year ending March 31, 2018 (from 
    April 1, 2017 to March 31, 2018) 
---------------------------------------------------------------------------- 
                                       (Millions of yen, except percentages) 
---------------------------------------------------------------------------- 
                  Revenue  Operating  Profit      Profit      Basic earnings 
                             profit    before   attributable     per share 
                                       income    to owners     (attributable 
                                       taxes       of the        to owners 
                                                   parent         of the 
                                                                  parent) 
                                                                   (yen) 
----------------  -------  ---------  -------  -------------  -------------- 
  Previous 
   forecast 
   (A) released 
   on May 11, 
   2017           245,000     40,000   39,000         27,000          199.65 
----------------  -------  ---------  -------  -------------  -------------- 
  Revised 
   forecast 
   (B)            240,000     45,000   44,000         29,000          214.44 
----------------  -------  ---------  -------  -------------  -------------- 
  Change (B 
   - A)           (5,000)      5,000    5,000          2,000    --------- 
----------------  -------  ---------  -------  -------------  -------------- 
  Percentage 
   Change (%)      (2.0)%      12.5%    12.8%           7.4%    --------- 
----------------  -------  ---------  -------  -------------  -------------- 
 <For reference> 
---------------------------------------------------------------------------- 
  Results 
   for the 
   year ended 
   March 31, 
   2017           229,922     36,359   35,521         25,951          191.89 
----------------  -------  ---------  -------  -------------  -------------- 
 

Reasons for the Revision

With considering achievement rate of results for the nine months ended December 31, 2017, the company predicted its consolidated financial results of operating profit, profit before income tax and profit attributable to owners of the parent would exceed those previous consolidated forecasts for the fiscal year ending March 31, 2018.

In the Digital Entertainment segment, mobile games, including JIKKYOU PAWAFURU PUROYAKYU and PROFESSIONAL BASEBALL SPIRITS A (Ace), continued to be solid.

In the Amusement segment, a title launched in the previous fiscal year has performed strongly with support from additional orders and favorable market reviews.

In light of these business performances, the Company revised its consolidated earnings forecast for the fiscal year ending March 31, 2018 as set forth above.

   2.   Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2018 
 
                         Annual dividends per share (yen) 
--------------------  --------------------------------------- 
                      Second quarter  Year end   Annual total 
                            end 
--------------------  --------------  ---------  ------------ 
  Previous forecast     ---------     30.00 yen   60.00 yen 
   released on May 
   11, 2017 
--------------------  --------------  ---------  ------------ 
  Revised forecast      ---------     35.00 yen   65.00 yen 
--------------------  --------------  ---------  ------------ 
  Year ended March      30.00 yen     ---------   --------- 
   31, 2018 (actual) 
--------------------  --------------  ---------  ------------ 
  Year ended March      17.00 yen     41.00 yen   58.00 yen 
   31, 2017 (actual) 
--------------------  --------------  ---------  ------------ 
 

Reasons for the Revision

Since the Company believes that the provision of dividends and the enhancement of corporate value are important ways to return profits to its shareholders, the basic policy is to emphasize payment of dividends as a target for more than 30% in the consolidated payout ratio.

Based on this basic policy, once the Company had forecasted a year-end dividend would be 30.00 yen per share, it predicted profit attributable to owners of the parent would finish above its previous forecast as set forth above in the revision of its consolidated earnings forecast for the fiscal year ending March 31, 2018 and revised the year-end dividend forecast would be 35.00 yen per share. As a result, including the interim dividend of 30.00 yen per share, dividends on an annual basis will be 65.00 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, 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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January 31, 2018 03:56 ET (08:56 GMT)