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Pin to quick picksKonami Hldg.c Regulatory News (KNM)

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Konami Holdings Corp - Dividend Declaration

Thu, 10th May 2018 10:18

RNS Number : 6615N
Konami Holdings Corporation
10 May 2018
 

May 10, 2018

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:

+81-3-5771-0222

 

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 dividend forecast

(announced on

January 31, 2018)

Year-end dividend for prior year, actual

(year ended

March 31, 2017)

Record date

March 31, 2018

March 31, 2018

March 31, 2017

Dividend per share

38.00 yen

35.00 yen

41.00 yen

Amount of dividend

5,139 million yen

-

5,545 million 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

quarter end

Year end

Annual total

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
 
 
DIVAMMLTMBBBMFP
Date   Source Headline
30th Jan 20209:27 amRNSAppointment of Representative Director,President
30th Jan 20208:54 amRNSRevision of the Consolidated Earnings Forecast
30th Jan 20208:52 amRNS3rd Quarter Results
13th Nov 20197:00 amRNSHalf-year Report
31st Oct 20198:51 amRNS2nd Quarter Results

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