BANDAI NAMCO : Notice Regarding Revision to Projection of Cash Dividend for the Fiscal Year Ending March 31, 2020 71.5 KB
February 06, 2020 at 08:18 am EST
Share
February 6, 2020
Name of listed company:
BANDAI NAMCO Holdings Inc. Name of representative:
Mitsuaki Taguchi,
President and Representative Director (Code Number: 7832 TSE 1st section) Contact: Yuji Asako,
Director, Division General Manager
of the Corporate Planning Division
Notice Regarding Revision to Projection of Cash Dividend
for the Fiscal Year Ending March 31, 2020
BANDAI NAMCO Holdings Inc. ("the Company") hereby announces that the Board of Directors Meeting has passed the resolution today to revise the projection of cash dividend per share for the fiscal year ending March 31, 2020 as described below.
1. Reason for revision to projection of cash dividend
The Company ranks the return of profits to shareholders as one of its highest priorities in its management. The Company aims to further strengthen the BANDAI NAMCO Group ("the Group")'s competitiveness and, while maintaining a sound financial status, to achieve regular distributions of dividends and improvement in the Company's corporate value. Specifically, the Company follows a basic policy of providing a return to shareholders that targets a total return ratio of 50% or more based on stable dividend payments of 2% of DOE (dividends on equity). Under this policy, the Company strives to maintain long-term and stable dividend levels and be more aware of capital cost.
Based on the aforementioned basic policy, the Company will revise its projection for the annual cash dividends for the fiscal year ending March 31, 2020 to ¥123 per share, which is comprised of a base dividend of ¥40 per share and a performance-based dividend of ¥83 per share. Since the Company paid an interim dividend of ¥20 per share on December 6, 2019, the projected year-end dividend for the fiscal year is ¥103 per share.
1
2. Content of revision
Annual cash dividends
End of second quarter
Fiscal year-end
Total
Previous projection
―
¥20.00
¥40.00
(announced on May 9, 2019)
¥103.00
¥123.00
Dividend paid for the current fiscal
―
Breakdown
Breakdown
year and revised projection
base: ¥20.00
base: ¥40.00
performance-based: ¥83.00
performance-based: ¥83.00
Dividend payment for the current
¥20.00
―
―
fiscal year
Dividend paid for the previous
¥127.00
¥145.00
fiscal year
¥18.00
Breakdown
Breakdown
(Fiscal year ended March 31, 2019)
base: ¥18.00
base: ¥36.00
performance-based: ¥109.00
performance-based: ¥109.00
End of notice
2
Attachments
Original document
Permalink
Disclaimer
Bandai Namco Holdings Inc. published this content on 06 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2020 13:17:02 UTC
BANDAI NAMCO Holdings Inc. specializes in the development and marketing of entertainment products and services. Net sales by activity break down as follows:
- designing, developing and selling interactive content and video games (44.6%);
- manufacturing and sale of toys and related products (34%): toys, housings, capsule products for vending machines, confectionery, clothing and accessories, figurines, reward items for amusement facilities, etc;
- designing, manufacturing and selling entertainment machines (12.6%). In addition, the group is developing an activity of operating entertainment installations;
- audiovisual content production (5.4%): cartoons, music, films, animations, etc. The group also provides music software publishing and live event broadcasting services;
- other (3.4%): including the sale of audiovisual rights.
Net sales are distributed geographically as follows: Japan (69.2%), Asia (9.7%), the Americas (12.6%) and Europe (8.5%).