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

KonamiAnnouncement

11/05/2017 09:15

RNS Number : 8469E
Konami Holdings Corporation
11 May 2017
May 11, 2017
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, 2017 as below.
The dividend amount will be formally decided at a meeting of the board of directors held on May 18, 2017, after a statutory audit of the financial reports for the fiscal year ended March 31, 2017.
1. Details of year-end dividend 
Year-end dividend
Previous year-end dividend forecast
(announced on 
January 31, 2017)
Year-enddividend for prior year, actual
(year ended 
March 31, 2016)
Record date
March 31, 2017
March 31, 2017
March 31, 2016
Dividend per share
41.00 yen
37.00 yen
12.50 yen
Amount of dividend
5,545 million yen
-
1,691 million yen
Date of payment
June 7, 2017
-
June 3, 2016
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 41 yen per share was approved as a year-end dividend for the fiscal year ended March 31, 2017. As a result, including the interim dividend of 17 yen per share paid on November 18, 2016, dividends on an annual basis will be 58 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, 2017 (actual)
17.00
41.00
58.00
Year ended March 31, 2016 (actual)
10.50
12.50
23.00
End of File

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