Notice of Revisions of Consolidated Financial Forecasts and Year-end Dividend
Tweet
Share
E-mailTOKYO, May 11, 2021 /PRNewswire/ -- SQUARE ENIX HOLDINGS CO., LTD. (the "Company") had released consolidated financial forecasts and a projected year-end dividend for the fiscal year through March 31, 2021 (April 1, 2020 - March 31, 2021) on November 6, 2020, but now announces the following revisions made to reflect recent earnings trends.
1. Revisions to Consolidated Financial Forecasts for the Fiscal Year through March 31, 2021 (April 1, 2020 through March 31, 2021)
(Millions of yen, percentage change, and per share data) | ||||||
Net sales | Operating Income | OrdinaryIncome | Profit attributable to owners of parent | Earnings per share | ||
Previous forecasts | (A) | 290,000 | 40,000 | 40,000 | 24,000 | 201.14 |
Revised forecasts | (B) | 332,500 | 47,200 | 49,900 | 26,900 | 225.75 |
Change | (B-A) | 42,500 | 7,200 | 9,900 | 2,900 | |
Percentage change | (%) | 14.7% | 18.0% | 24.8% | 12.1% | |
[Reference] Results for the fiscal year ended March 31, 2020 | 260,527 | 32,759 | 32,095 | 21,346 | 179.02 | |
2. Reasons for the RevisionsThe Company now expects higher net sales, operating income, ordinary income, and profit attributable to owners of parent than previously anticipated under its consolidated financial forecasts for the fiscal year through March 31, 2021. Among the factors contributing to these revisions is a solid performance by the Digital Entertainment segment as a whole, as well as brisk sales of both printed and digital media in the Publication segment.
*The above forecasts are based on information available at the time of this document's release and are subject to various uncertainties. As such, actual performance may differ from these forecasts.
3．Revision of Projected Dividend Per Share for the Fiscal Year through March 31, 2021
Interim | Year-end | Annual | |
Previous Forecasts | － | ￥51.00 | ￥61.00 |
Revised Forecasts | － | ￥58.00 | ￥68.00 |
Actual Results for the current FY | ￥10.00 | － | － |
Actual Results for the previous FY (FY2020/3) | ￥10.00 | ￥44.00 | ￥54.00 |
4. Reasons for the RevisionThe Company recognizes the return of profits to shareholders as one of its most important management tasks and has set a consolidated payout ratio target of approximately 30% to guide its shareholder return policy for the fiscal year through March 31, 2021.
Given the aforementioned revisions to its consolidated financial forecasts, the Company revises its projected year-end dividend for the fiscal year to 58 yen per share, which would make for an annual dividend per share of 68 yen.
(EOF)
View original content to download multimedia:http://www.prnewswire.com/news-releases/notice-of-revisions-of-consolidated-financial-forecasts-and-year-end-dividend-301288393.html
SOURCE SQUARE ENIX HOLDINGS CO., LTD.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Help at Home Acknowledges CMS Efforts to Enhance Quality, Accountability and Transparency in "Ensuring Access to Medicaid Services Final Rule"
- SIAD Americas LLC announces four ASUs in the Americas market
- Equitable Bank named among LinkedIn Top Companies in Canada
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
