Last checked at 23 Sep 2020 08:07
September 23, 2020 | ||
FOR IMMEDIATE RELEASE | ||
KONAMI HOLDINGS CORPORATION | ||
Kimihiko Higashio, Representative Director, President | ||
Shares listed: | Tokyo and London Stock Exchanges | |
Contact: | Junichi Motobayashi, Corporate Officer, General Manager, Finance Division | |
Tel: | +81-3-6636-0589 | |
News Release: Dividend Forecast for the Fiscal Year Ending March 31, 2021 |
KONAMI HOLDINGS CORPORATION (the "Company") announced that the dividend forecast for the fiscal year ending March 31, 2021 was not determined in its consolidated financial results for the three months ended June 30, 2020, which was released on August 6, 2020. The Company hereby announces the dividend forecast for the fiscal year ending March 31, 2021 as follows.
1. Dividend forecast
Cash dividends per share | |||
Second quarter end | Year end | Annual | |
Previous forecast (announced on August 6, 2020) | ******* | ******* | ******* |
Latest forecast | 22.50 yen | 22.50 yen | 45.00 yen |
Year ended March 31, 2020 (actual) | 38.00 yen | 7.00 yen | 45.00 yen |
2. Reasons for the 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.
Consolidated earnings forecast for the fiscal year ending March 31, 2021 has not been determined at present, however, the dividend on an annual basis for the fiscal year ending March 31, 2021 will be the same amount as the previous fiscal year ended March 31, 2020.
The interim and year-end dividend forecasts will be 22.50 yen per share, respectively, as a result, the dividend forecast on an annual basis will be 45.00 yen per share.
We will recalculate the dividend on an annual basis to be at least 45.00 yen per share to achieve a consolidated payout ratio of more than 30 % as our basic policy, when the consolidated earnings forecast for the fiscal year ending March 31, 2021 could be reasonably determined.
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.