REG - Konami Group Corp - Revision Consolidated/Dividend Forecast 03.2025

KonamiAnnouncement

31/01/2025 07:30

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RNS Number : 4427V  Konami Group Corporation  31 January 2025

 January 31, 2025

 FOR IMMEDIATE RELEASE
                   KONAMI GROUP 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 on Revision of the Consolidated Forecast and

 the Dividend Forecast for the Fiscal Year Ending March 31, 2025

KONAMI GROUP CORPORATION (the "Company") hereby announces the revision of its
consolidated earnings forecast and dividend forecast for the fiscal year
ending March 31, 2025, which was released on May 9, 2024 in its Consolidated
Financial Results for the Year Ended March 31, 2024, in light of its recent
business performance.

 

1.   Revision of the Consolidated Earnings Forecast for the Fiscal Year
Ending March 31, 2025

 For the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31,
 2025)
                               (Millions of yen, except percentages)
                                                   Revenue  Business profit  Operating profit  Profit before income taxes  Profit attributable to owners of the parent  Basic earnings per share (attributable to owners of the parent) (yen)
 Previous forecast (A) Released on May 9, 2024     380,000  92,500           84,500            84,500                      59,500                                       438.93
 Revised forecast (B)                              412,000  108,000          100,000           100,000                     70,000                                       516.39
 Change (B - A)                                    32,000   15,500           15,500            15,500                      10,500                                       *****
 Percentage Change (%)                             8.4      16.8             18.3              18.3                        17.6                                         *****
                          
 Results for the year ended March 31, 2024         360,314  88,212           80,262            82,685                      59,171                                       436.50

 

Reasons for the Revision

For the nine months ended December 31, 2024, total revenue, business profit,
operating profit, profit before income taxes and profit attributable to owners
of the parent are all progressing ahead of the initial forecast for the fiscal
year ending March 31, 2025.

It is mainly due to the strong performance of core titles, including
eFootball™, in the Digital Entertainment business. In addition, sales of the
new console game SILENT HILL 2 is expected to exceed the plan.

In light of these business performances, the Company revised its consolidated
earnings forecast for the fiscal year ending March 31, 2025 as set forth
above.

 

2.   Revision of the Dividend Forecast for the Fiscal Year Ending March 31,
2025

                                            Annual dividends per share (yen)
                                            Second quarter end  Year end     Annual total
 Previous forecast released on May 9, 2024  *****               66.00 yen    132.00 yen
 Revised forecast                           *****               89.00 yen    155.00 yen
 Year ended March 31, 2025 (actual)         66.00 yen           *****        *****
 Year ended March 31, 2024 (actual)         62.00 yen           69.00 yen    131.00 yen

 

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 66.00 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, 2025 and revised the year-end dividend forecast would be
89.00 yen per share. As a result, including the interim dividend of 66.00 yen
per share, dividends on an annual basis will be 155.00 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, 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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