BANDAI NAMCO : Notice Regarding Distribution of Profits84.2 KB

May 10, 2023

Name of listed company: Bandai Namco Holdings Inc.

Name of representative:

Masaru Kawaguchi,

President and Representative Director (Code Number: 7832 TSE Prime Market) Contact: Yuji Asako, Director

Notice Regarding Distribution of Profits

Bandai Namco Holdings Inc. ("the Company") hereby announces that the Board of Directors meeting has passed the resolution today to provide a distribution of profits with a date of record of March 31, 2023. The details are as follows. The Company plans to propose this matter on the agenda of the Eighteenth Ordinary General Meeting of Shareholders that is scheduled to be held on June 19, 2023.

1. Content of resolution

						Latest projections		Dividend paid for the
							previous fiscal year
			Resolved amount			(announced on
						(fiscal year ended
						March 16, 2023)
							March 31, 2022)
	Date of record		March 31, 2023		March 31, 2023	March 31, 2022
		¥179.00		¥171.00		¥188.00
	Dividend per share		Breakdown		Breakdown	Breakdown
		base: ¥27.00		base: ¥27.00	base: ¥24.00
			performance-based: ¥152.00		performance-based: ¥144.00	performance-based: ¥164.00
	Total dividend		¥39,394 million		-	¥41,368 million
	payment
	Effective date		June 20, 2023		-	June 21, 2022
	Source of cash		Retained earnings		-	Retained earnings
	dividends

2. Reason

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 Groupʼs competitiveness and, while maintaining a sound financial status, to achieve regular distributions of dividends and improvement in the Companyʼs 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

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dividend payments of 2% of DOE (dividends on equity). Under this policy, the Company strives to maintain long-term and stable dividends and be more aware of capital cost.

Based on the aforementioned basic policy and business performance for the fiscal year ended March 31, 2023, the Company plans to pay a fiscal year-end dividend of ¥179 per share, which is comprised of a base dividend of ¥27 per share and a performance-based dividend of ¥152 per share. Since the Company paid an interim dividend of ¥27 per share on December 9, 2022, the annual cash dividend for the fiscal year will be ¥206 per share (total return ratio of 50.2%).

• The Company conducted a share split at a ratio of three shares for every one share of common stock held by shareholders listed or recorded on the final shareholder register on March 31, 2023, the record date. As the effective date for this share split is April 1, 2023, the year-end dividends for the fiscal year ended March 31, 2023, the record date for which is March 31, 2023, will be based on the number of shares before the share split.

(Reference) Breakdown of annual cash dividend per share

					Dividend per share
	Date of record		End of second		Fiscal year-end			Total
		quarter
	Dividend paid for the		¥179.00		¥206.00
			Breakdown		Breakdown
	current fiscal year
	¥27.00		base: ¥27.00		base: ¥54.00
	(fiscal year ended		performance-based:		performance-based:
	March 31, 2023)		¥152.00	¥152.00
	Dividend paid for the		¥188.00		¥212.00
			Breakdown		Breakdown
	previous fiscal year
	¥24.00		base: ¥24.00		base: ¥48.00
	(fiscal year ended		performance-based:		performance-based:
	March 31, 2022)		¥164.00	¥164.00

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