Konami Holdings Corporation Dividend forecast (8534Z)
23 September 2020 - 5:07PM
UK Regulatory
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.
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END
DIVPPUCUBUPUUMW
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