Last checked at 11 May 2017 09:13
May 11, 2017 | |
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FOR IMMEDIATE RELEASE | |
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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: +81-3-5771-0222) |
News Release: Notice Regarding Distribution of Retained Earnings |
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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 dividend forecast (announced on January 31, 2017) | Year-end dividend for prior year, actual (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 yen | - | 1,691 million 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 quarter end | Year end | Annual total | |
Year ended March 31, 2017 (actual) | 17.00 | 41.00 | 58.00 |
Year ended March 31, 2016 (actual) | 10.50 | 12.50 | 23.00 |
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