BANDAI NAMCO HOLDINGS INC. February 9, 2016
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
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, 2016 as described below.
Reason for revision to projection of cash dividend
The Company positions the return of profits to stockholders as one of its highest management priorities. The fundamental policy is to maintain a stable dividend and increase corporate value while becoming an even more competitive Group, and preserving a sound financial position. The Company is maintaining the consolidated dividend payout ratio at a level of 30%, based on stable annual dividend payments of ¥24 per share.
Based on the aforementioned fundamental policy, the Company will pay a performance-based dividend of ¥18 per share in addition to the stable dividend of ¥24 per share, raising the annual dividend to ¥42 per share for the fiscal year ending March 31, 2016. Since the Company paid an interim dividend of ¥12 per share on December 7, 2015, the projected year-end dividend for the fiscal year is ¥30 per share.
Content of revision
Annual cash dividends (¥) | |||
End of second quarter | Fiscal year-end | Total | |
Previous projection (announced on May 8, 2015) | ― | 12 | 24 |
Dividend paid for the current fiscal year and revised projection | ― | 30 stable: ¥12 performance-based: ¥18 | 42 stable: ¥24 performance-based: ¥18 |
Dividend payment for the current fiscal year | 12 | ― | ― |
Dividend paid for the previous fiscal year (Fiscal Year ended March 31, 2015) | 12 | 50 stable: ¥12 performance-based: ¥28 special: ¥10 | 62 stable: ¥24 performance-based: ¥28 special: ¥10 |
End of notice
Namco Bandai Holdings Inc. issued this content on 09 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2016 06:18:24 UTC
Original Document: http://www.bandainamco.co.jp/cgi-bin/releases/index.cgi/file/view/5215?entry_id=4761
