Konami Holdings Corporation Distribution of retained earnings (5208Y)
13 May 2021 - 5:36PM
UK Regulatory
TIDMKNM
RNS Number : 5208Y
Konami Holdings Corporation
13 May 2021
May 13, 2021
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: +81-3-6636-0573
News Release: Notice Regarding Distribution of Retained Earnings
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces it
resolved the dividend amount of retained earnings at the Board of
Directors meeting held today with a record date of March 31, 2021,
as follows.
The dividend amount will be formally decided at the meeting of
its board of directors, after the statutory audit procedures of the
financial statements for the fiscal year ended March 31, 2021.
1. Dividend distribution
Year-end dividend Previous year-end Year-end dividend
dividend forecast for prior year,
(announced on actual
September 23, 2020) (year ended
March 31, 2020)
Record date March 31, 2021 March 31, 2021 March 31, 2020
----------------- -------------------- -----------------
Dividend per 50.50 yen 22.50 yen 7.00 yen
share
----------------- -------------------- -----------------
Amount of dividend 6,727 million yen - 933 million yen
----------------- -------------------- -----------------
Date of payment June 8, 2021 - June 10, 2020
----------------- -------------------- -----------------
Source of dividend Retained earnings - Retained earnings
----------------- -------------------- -----------------
Breakdown of annual dividend (reference)
Cash dividends per share
Record date Second quarter end Year end Annual
------------------ --------- ---------
Year ended March 22.50 yen 50.50 yen 73.00 yen
31, 2021
------------------ --------- ---------
Year ended March 38.00 yen 7.00 yen 45.00 yen
31, 2020 (actual)
------------------ --------- ---------
2. Reasons
For the fiscal year ended March 31, 2021, we had not been able
to reasonably calculate the impact on our projected consolidated
results under the circumstances that we could not predict when the
outbreak settles down and consumption trend recovers. Therefore,
the projected consolidated results had not been determined. As for
the dividend forecast for the fiscal year ended March 31, 2021, the
dividend on an annual basis for the fiscal year ended March 31,
2021 was intended to be at least the same amount as the previous
fiscal year ended March 31, 2020 and we intended to recalculate the
dividend on an annual basis to achieve a consolidated payout ratio
of more than 30 % at the time when the consolidated earnings
forecast for the fiscal year ended March 31, 2021 was able to
become reasonably determined.
As for the consolidated results for the fiscal year ended March
31, 2021, revenues of some business segments were impacted from
temporal closures to prevent the coronavirus outbreak as well as
world-wide economic slowdown. However, strong performance of
products and services in the Digital Entertainment business
including mobile games, computer and video games and card games led
to increase in revenues and profits.
As a result of re-calculation of payment of dividend to achieve
a consolidated payout ratio of more than 30 % based on the
consolidated results for the fiscal year ended March 31, 2021, the
year-end dividend will be 50.50 yen per share and thus the
dividends on an annual basis will be 73.00 yen per share (an
increase of 28.00 yen per share from the previous fiscal year and
forecast) including the distributed interim dividend (22.50 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,
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
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May 13, 2021 03:36 ET (07:36 GMT)
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