REG - Konami Holdings Corp - Distribution of retained earnings

KonamiAnnouncement

12/05/2022 08:30

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RNS Number : 2447L  Konami Holdings Corporation  12 May 2022

 May 12, 2022

 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, 2022, 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, 2022.

 

1.    Dividend distribution

                     Year-end dividend   Previous year-end dividend forecast  Year-end dividend for prior year, actual

                                         (announced on                        (year ended

                                         May 13, 2021)                        March 31, 2021)
 Record date         March 31, 2022      March 31, 2022                       March 31, 2021
 Dividend per share  87.00 yen           36.50 yen                            50.50 yen
 Amount of dividend  11,621 million yen  -                                    6,727 million yen
 Date of payment     June 7, 2022        -                                    June 8, 2021
 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 31, 2022           36.50 yen           87.00 yen  123.50 yen
 Year ended March 31, 2021 (actual)  22.50 yen           50.50 yen  73.00 yen

 

2.    Reasons

For the fiscal year ended March 31, 2022, we had not been able to reasonably
calculate the impact on our projected consolidated results under the
circumstances remained uncertain due to the spread of COVID-19 variants,
although it was seen in a lull by the vaccination progress and other factors.
Therefore, the projected consolidated results had not been determined. As for
the dividend forecast for the fiscal year ended March 31, 2022, the dividend
on an annual basis for the fiscal year ended March 31, 2022 was intended to be
at least the same amount as the previous fiscal year ended March 31, 2021 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, 2022 was able to become
reasonably determined.

As for the consolidated results for the fiscal year ended March 31, 2022, in a
rapidly changing market environment, in addition to solid performance in the
Digital Entertainment business throughout the fiscal year, performance of
other businesses has recovered, thus increase of revenue and profit among all
business segments are expected.

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, 2022, the year-end dividend will be 87.00 yen per
share and thus the dividends on an annual basis will be 123.50 yen per share
(an increase of 50.50 yen per share from the previous fiscal year and
forecast) including the distributed interim dividend (36.50 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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