Konami Holdings Corporation Revision of the Earnings and Dividend Forecast (4593D)
31 January 2018 - 7:56PM
UK Regulatory
TIDMKNM
RNS Number : 4593D
Konami Holdings Corporation
31 January 2018
January 31, 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
Notice on Revision of the Consolidated Earnings
Forecast
and the Dividend Forecast for the Fiscal Year Ending
March 31, 2018
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the
revision of its consolidated earnings forecast and dividend
forecast for the fiscal year ending March 31, 2018, which were
released on May 11, 2017 in its Consolidated Financial Results for
the Year Ended March 31, 2017, in light of its recent business
performance.
1. Revision of the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2018
For the fiscal year ending March 31, 2018 (from
April 1, 2017 to March 31, 2018)
----------------------------------------------------------------------------
(Millions of yen, except percentages)
----------------------------------------------------------------------------
Revenue Operating Profit Profit Basic earnings
profit before attributable per share
income to owners (attributable
taxes of the to owners
parent of the
parent)
(yen)
---------------- ------- --------- ------- ------------- --------------
Previous
forecast
(A) released
on May 11,
2017 245,000 40,000 39,000 27,000 199.65
---------------- ------- --------- ------- ------------- --------------
Revised
forecast
(B) 240,000 45,000 44,000 29,000 214.44
---------------- ------- --------- ------- ------------- --------------
Change (B
- A) (5,000) 5,000 5,000 2,000 ---------
---------------- ------- --------- ------- ------------- --------------
Percentage
Change (%) (2.0)% 12.5% 12.8% 7.4% ---------
---------------- ------- --------- ------- ------------- --------------
<For reference>
----------------------------------------------------------------------------
Results
for the
year ended
March 31,
2017 229,922 36,359 35,521 25,951 191.89
---------------- ------- --------- ------- ------------- --------------
Reasons for the Revision
With considering achievement rate of results for the nine months
ended December 31, 2017, the company predicted its consolidated
financial results of operating profit, profit before income tax and
profit attributable to owners of the parent would exceed those
previous consolidated forecasts for the fiscal year ending March
31, 2018.
In the Digital Entertainment segment, mobile games, including
JIKKYOU PAWAFURU PUROYAKYU and PROFESSIONAL BASEBALL SPIRITS A
(Ace), continued to be solid.
In the Amusement segment, a title launched in the previous
fiscal year has performed strongly with support from additional
orders and favorable market reviews.
In light of these business performances, the Company revised its
consolidated earnings forecast for the fiscal year ending March 31,
2018 as set forth above.
2. Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2018
Annual dividends per share (yen)
-------------------- ---------------------------------------
Second quarter Year end Annual total
end
-------------------- -------------- --------- ------------
Previous forecast --------- 30.00 yen 60.00 yen
released on May
11, 2017
-------------------- -------------- --------- ------------
Revised forecast --------- 35.00 yen 65.00 yen
-------------------- -------------- --------- ------------
Year ended March 30.00 yen --------- ---------
31, 2018 (actual)
-------------------- -------------- --------- ------------
Year ended March 17.00 yen 41.00 yen 58.00 yen
31, 2017 (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 30.00 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,
2018 and revised the year-end dividend forecast would be 35.00 yen
per share. As a result, including the interim dividend of 30.00 yen
per share, dividends on an annual basis will be 65.00 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, 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
MSCGIGDBUUXBGIB
(END) Dow Jones Newswires
January 31, 2018 03:56 ET (08:56 GMT)
Konami (LSE:KNM)
Historical Stock Chart
From Apr 2024 to May 2024
Konami (LSE:KNM)
Historical Stock Chart
From May 2023 to May 2024