TIDMKNM

RNS Number : 8534Z

Konami Holdings Corporation

23 September 2020

 
                                    September 23, 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 
                     Division 
             Tel:   +81-3-6636-0589 
 
 
News Release: Dividend Forecast for the Fiscal Year Ending March 
                            31, 2021

KONAMI HOLDINGS CORPORATION (the "Company") announced that the dividend forecast for the fiscal year ending March 31, 2021 was not determined in its consolidated financial results for the three months ended June 30, 2020, which was released on August 6, 2020. The Company hereby announces the dividend forecast for the fiscal year ending March 31, 2021 as follows.

   1.    Dividend forecast 
 
                             Cash dividends per share 
                     Second quarter end  Year end    Annual 
                     ------------------  ---------  --------- 
 Previous forecast        *******         *******    ******* 
  (announced on 
  August 6, 2020) 
                     ------------------  ---------  --------- 
 Latest forecast         22.50 yen       22.50 yen  45.00 yen 
                     ------------------  ---------  --------- 
 Year ended March        38.00 yen       7.00 yen   45.00 yen 
  31, 2020 (actual) 
                     ------------------  ---------  --------- 
 
   2.    Reasons for the 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.

Consolidated earnings forecast for the fiscal year ending March 31, 2021 has not been determined at present, however, the dividend on an annual basis for the fiscal year ending March 31, 2021 will be the same amount as the previous fiscal year ended March 31, 2020.

The interim and year-end dividend forecasts will be 22.50 yen per share, respectively, as a result, the dividend forecast on an annual basis will be 45.00 yen per share.

We will recalculate the dividend on an annual basis to be at least 45.00 yen per share to achieve a consolidated payout ratio of more than 30 % as our basic policy, when the consolidated earnings forecast for the fiscal year ending March 31, 2021 could be reasonably determined.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DIVPPUCUBUPUUMW

(END) Dow Jones Newswires

September 23, 2020 03:07 ET (07:07 GMT)

Konami (LSE:KNM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Konami Charts.
Konami (LSE:KNM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Konami Charts.