REG - Konami Holdings Corp - Distribution of Retained Earnings <Origin Href="QuoteRef">9766.T</Origin>

KonamiAnnouncement

10/05/2016 07:20

RNS Number : 7427X
Konami Holdings Corporation
10 May 2016
May 10, 2016

FOR IMMEDIATE RELEASE

Company Name:
KONAMI HOLDINGS CORPORATION
Representative:
Takuya Kozuki, Representative Director, President
Shares listed:
Tokyo Stock Exchange and London Stock Exchange
Contact:
Junichi Motobayashi, General Manager, Finance and Accounting Department
(Phone: +81-3-5771-0222)
News Release: Notice Regarding Distribution of Retained Earnings

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the resolution passed at the meeting of its board of directors held today regarding the distribution of retained earnings with a record date of March 31, 2016 as below.
1. Details of year-end dividend 

Year-end dividend
Previous year-end dividend forecast
(announced on May 8, 2015)
Year-enddividend for prior year, actual
(year ended March 31, 2015)
Record date
March 31, 2016
March 31, 2016
March 31, 2015
Dividend per share
12.50 yen
10.50 yen
12.50 yen
Amount of dividend
1,691 million yen
-
1,733 million yen
Date of payment
June 3, 2016
-
June 5, 2015
Source of dividend
Retained earnings
-
Retained earnings
2. Reasons for the distribution of retained earnings
The Company believes that the provision of dividends and the enhancement of corporate value are important ways to return profits to its shareholders. The Company aims to achieve a consolidated payout ratio of more than 30% and will endeavor to further increase the level of dividends. The Company also intends to use retained earnings for investments focused on business areas with good future prospects in order to continue to reinforce Konami Group's growth potential and competitiveness. 
A dividend of 12.50 yen per share was approved as a year-end dividend for the fiscal year ended March 31, 2016. As a result, including the interim dividend of 10.50 yen per share paid on November 20, 2015, dividends on an annual basis will be 23 yen per share.
(Reference) Details of the dividends on an annual basis

Cash dividends per share (yen)
Second
quarter end
Year end
Annual total
Year ended March 31, 2016 (actual)
10.50
12.50
23.00
Year ended March 31, 2015 (actual)
8.50
12.50
21.00
End of File

This information is provided by RNS
The company news service from the London Stock Exchange
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