Konami Holdings Corporation Dividend Declaration (6615N)
May 10 2018 - 4:18AM
UK Regulatory
TIDMKNM
RNS Number : 6615N
Konami Holdings Corporation
10 May 2018
May 10, 2018
FOR IMMEDIATE RELEASE
KONAMI HOLDINGS CORPORATION
Takuya Kozuki, Representative
Director, President
Shares Tokyo and London Stock
listed: 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 Year-end dividend
dividend forecast for prior
(announced year, actual
on (year ended
January 31, March 31,
2018) 2017)
-------------------- ----------------- ------------------ -----------------
Record date March 31, March 31, March 31,
2018 2018 2017
-------------------- ----------------- ------------------ -----------------
Dividend per 38.00 yen 35.00 yen 41.00 yen
share
-------------------- ----------------- ------------------ -----------------
Amount of dividend 5,139 million - 5,545 million
yen 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 Year end Annual
quarter total
end
--------------------- --------- --------- ------
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
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