Konami Holdings Corporation Distribution of retained earnings (8983M)
May 14 2020 - 3:11AM
UK Regulatory
TIDMKNM
RNS Number : 8983M
Konami Holdings Corporation
14 May 2020
May 14, 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 and Accounting
Tel: +81-3-6636-0573
News Release: Notice Regarding Distribution of Retained Earnings
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces it
resolved the dividend amount of retained earnings at the Board of
Directors meeting held today with a record date of March 31, 2020,
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, 2020.
1. Dividend distribution
Year-end dividend Previous year-end Year-end dividend
dividend forecast for prior year,
(announced on actual
May 9, 2019) (year ended
March 31, 2019)
Record date March 31, 2020 March 31, 2020 March 31, 2019
----------------- ------------------ -----------------
Dividend per 7.00 yen 38.00 yen 65.50 yen
share (Regular 40.50
yen)
(Commemorative
25.00 yen)
----------------- ------------------ -----------------
Amount of dividend 933 million yen - 8,858 million yen
----------------- ------------------ -----------------
Date of payment June 10, 2020 - June 12, 2019
----------------- ------------------ -----------------
Source of dividend Retained earnings - Retained earnings
----------------- ------------------ -----------------
Breakdown of annual dividend (reference)
Cash dividends per share
Record date Second quarter end Year end Annual
--------------------- --------------- ---------------
Year ended March 38.00 yen 7.00 yen 45.00 yen
31, 2020
--------------------- --------------- ---------------
Year ended March 60.50 yen 65.50 yen 126.00 yen
31, 2019 (actual) (Regular 35.50 yen) (Regular 40.50 (Regular 76.00
(Commemorative 25.00 yen) yen)
yen) (Commemorative (Commemorative
25.00 yen) 50.00 yen)
--------------------- --------------- ---------------
2. Reasons
As the payment of dividends for the fiscal year ending March 31,
2020 was intended to maintain the same level of regular dividends
for the year ended March 31, 2019 which was based on the record
profits achieved, the Company announced the year-end dividend
forecast for the consolidated year ended March 31, 2020 would be
38.00 yen per share. However, it is a shared value with all
shareholders to maintain the foundation for sustainable growth and
prepare for its stable management and employment even under the
severe business environment for the next fiscal year with concerns
from the impact of coronavirus outbreak. Thus, the Company will
revise the year-end dividend to be 7.00 yen per share for the
fiscal year ended March 31, 2020. Since the dividends on an annual
basis will be 45.00 yen per share, including the distributed
second-quarter-end dividend (38.00 yen per share), the Company
maintains a consolidated payout ratio of more than 30% as our basic
policy on the distribution on profits.
As a result, the total annual returns will be 12.6 billion yen
(approximately 93.00 yen per share), which includes 6.1 billion yen
(45.00 yen per share) of total dividends for the consolidated year
ended March 31, 2020, in addition to 6.5 billion yen of treasury
shares acquired on March 27, 2020. Thus, the total return ratio
will be 63.2%.
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 rns@lseg.com or visit www.rns.com.
END
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