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Konami Holdings Corp (KNM)

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Thursday 09 May, 2019

Konami Holdings Corp

Rivision of dividend March 31 2019

RNS Number : 5067Y
Konami Holdings Corporation
09 May 2019
 

May 9, 2019


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: Revision of Dividend Forecast for the Fiscal Year Ended March 31, 2019

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the revision of its dividend forecast for the fiscal year ended March 31, 2019, as follows. The dividend amount will be formally decided at the meeting of its board of directors, after the statutory audit procedures of the financial statements for the fiscal year ended March 31, 2019.

 

1.    Reasons for the revision of 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. The Company aims to achieve a consolidated payout ratio of more than 30% as our basic policy on the distribution on profits.

In light of this policy and the positive business performance for the year ended March 31,2019, the Company will revise its year-end dividend to be 65.50 yen per share, which will be increased by 5 yen per share from the previous dividend forecast. As a result, the dividends on an annual basis will be 126.00 yen per share, including the distributed second-quarter-end dividend.

 

2.    Details for the revision


Cash dividends per share


Second quarter end

Year end

Annual

Previous forecast (announced on May 10, 2018)

**************

60.50 yen

(Regular 35.50 yen)

(Commemorative 25.00 yen)

121.00 yen

(Regular 71.00 yen)

(Commemorative 50.00 yen)

Revised forecast

**************

65.50 yen

(Regular 40.50 yen)

(Commemorative 25.00 yen)

126.00 yen

(Regular 76.00 yen)

(Commemorative 50.00 yen)

Year ended March 31, 2019 (actual)

60.50 yen

(Regular 35.50 yen)

(Commemorative 25.00 yen)

**************

**************

Year ended March 31, 2018 (actual)

30.00 yen

38.00 yen

68.00 yen

 

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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