Konami Holdings Corporation Revision of Earnings and Dividend Forecast 201703 (5553V)
January 31 2017 - 1:11AM
UK Regulatory
TIDMKNM
RNS Number : 5553V
Konami Holdings Corporation
31 January 2017
January 31, 2017
FOR IMMEDIATE RELEASE
KONAMI HOLDINGS CORPORATION
Takuya Kozuki, Representative Director, President
Shares listed: Tokyo and London Stock Exchanges
Contact: Junichi Motobayashi, General Manager, Finance and
Accounting
Tel: +81-3-5771-0222
Notice on Revision of the Consolidated Earnings Forecast
and the Dividend Forecast for the Fiscal Year Ending March 31,
2017
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the
revision of its consolidated earnings forecast and dividend
forecast for the fiscal year ending March 31, 2017, which were
released on May 10, 2016 in its Consolidated Financial Results for
the Year Ended March 31, 2016, in light of its recent business
performance.
1. Revision of the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2017
For the fiscal year ending March 31, 2017 (from April 1, 2016
to March 31, 2017)
---------------------------------------------------------------------------------------------
(Millions of yen, except percentages)
---------------------------------------------------------------------------------------------
Revenue Operating Profit before Profit attributable Basic earnings
profit income taxes to owners per share
of the parent (attributable
to owners
of the parent)
(yen)
-------------------- ------- --------- ------------- ------------------- ---------------
Previous forecast
(A) released
on May 10,
2016 210,000 25,000 24,000 15,000 110.91
-------------------- ------- --------- ------------- ------------------- ---------------
Revised forecast
(B) 225,000 36,000 35,000 24,000 177.46
-------------------- ------- --------- ------------- ------------------- ---------------
Change (B -
A) 15,000 11,000 11,000 9,000 ----------
-------------------- ------- --------- ------------- ------------------- ---------------
Percentage
Change (%) 7.1% 44.0% 45.8% 60.0% ----------
-------------------- ------- --------- ------------- ------------------- ---------------
<For reference>
---------------------------------------------------------------------------------------------
Results for
the year ended
March 31, 2016 249,902 24,679 23,768 10,516 76.44
-------------------- ------- --------- ------------- ------------------- ---------------
Reasons for the Revision
For the nine months ended December 31, 2016, consolidated
financial results of operating profit, profit before income tax and
profit attributable to owners of the parent exceeded those previous
consolidated forecasts for the fiscal year ending March 31,
2017.
In the Digital Entertainment segment, Yu-Gi-Oh! DUEL LINKS and
JIKKYOU POWERFUL SOCCER, mobile games released during this third
quarter ended December 31, 2016, performed strongly. Other mobile
games, including JIKKYOU PAWAFURU PUROYAKYU and PROFESSIONAL
BASEBALL SPIRITS A (Ace), also continued to remain steady.
In the Health & Fitness segment, the earnings results were
steady due to improved quality and operational efficiency of the
facilities.
In light of these business performances, the Company revised its
consolidated earnings forecast for the fiscal year ending March 31,
2017 as set forth above since it predicted the earnings results
would finish above its previous forecast.
2. Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2017
Annual dividends per share (yen)
---------------------- ----------------------------------------
Second quarter Year end Annual total
end
---------------------- -------------- ---------- ------------
Previous forecast ---------- 17.00 yen 34.00 yen
released on May 10,
2016
---------------------- -------------- ---------- ------------
Revised forecast ---------- 37.00 yen 54.00 yen
---------------------- -------------- ---------- ------------
Year ended March 31, 17.00 yen ---------- ----------
2017 (actual)
---------------------- -------------- ---------- ------------
Year ended March 31, 10.50 yen 12.50 yen 23.00 yen
2016 (actual)
---------------------- -------------- ---------- ------------
Reasons for the Revision
Since the Company believes that the provision of dividends and
the enhancement of corporate value are important ways to return
profits to its shareholders, the basic policy is to emphasize
payment of dividends as a target for more than 30% in the
consolidated payout ratio.
Based on this basic policy, once the Company had forecasted a
year-end dividend would be 17.00 yen per share, it predicted profit
attributable to owners of the parent would finish above its
previous forecast as set forth above in the revision of its
consolidated earnings forecast for the fiscal year ending March 31,
2017 and revised the year-end dividend forecast would be 37.00 yen
per share. As a result, including the interim dividend of 17.00 yen
per share, dividends on an annual basis will be 54.00 yen per
share.
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 business
and Gaming & Systems business; (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
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