REG - Konami Group Corp - Release: Distribution of Retained Earnings

KonamiAnnouncement

09/05/2024 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240509:nRSI7671Na&default-theme=true

RNS Number : 7671N  Konami Group Corporation  09 May 2024

 May 9, 2024

 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 Regarding Distribution of Retained Earnings

KONAMI GROUP 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, 2024, 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, 2024.

 

1.   Dividend distribution

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

                                        (announced on                        (year ended

                                        May 11, 2023)                        March 31, 2023)
 Record date         March 31, 2024     March 31, 2024                       March 31, 2023
 Dividend per share  69.00 yen          62.00 yen                            62.00 yen
 Amount of dividend  9,353 million yen  -                                    8,405 million yen
 Date of payment     June 5, 2024       -                                    June 7, 2023
 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, 2024           62.00 yen           69.00 yen  131.00 yen
 Year ended March 31, 2023 (actual)  62.00 yen           62.00 yen  124.00 yen

 

 

 

2.   Reasons

As for the dividend forecast for the fiscal year ended March 31, 2024, the
dividend on an annual basis was originally intended to be the same amount as
the actual dividend for the prior fiscal year ended March 31, 2023. With the
Digital Entertainment business reaching record high total revenue and business
profit, while the Amusement, Gaming & Systems, and Sports businesses each
performed well, the consolidated results are expected to reach record highs.
Having recalculated the dividend on an annual basis in accordance with the
Basic Policy on the Distribution of Profits, dividend for the fiscal year
ended March 31, 2024 is expected to increase from its original forecast.

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, 2024, the year-end dividend will be 69.00 yen per
share. Including the distributed interim dividend (62.00 yen per share), the
dividends on an annual basis will be 131.00 yen per share (an increase of 7.00
yen per share from the prior fiscal year and forecast), and both the dividend
per share and the total amount of the dividend will be the highest ever.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAKSNELSLEEA