BANDAI NAMCO : Notice Regarding Revisions to Full-Year Consolidated Projections and to Projections of Cash Dividends for the Fiscal Year Ending March 31, 2023109.1 KB

March 16, 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 Revisions to Full-Year Consolidated Projections and to Projections of Cash

Dividends for the Fiscal Year Ending March 31, 2023

Bandai Namco Holdings Inc. (the "Company") hereby announces that the Board of Directors meeting has passed the resolution today to revise the full-year consolidated projections for the fiscal year ending March 31, 2023, which were announced on November 10, 2022, and the projections of cash dividends per share for the fiscal year ending March 31, 2023, which were announced on May 11, 2022.

1. Revisions to consolidated projections

1. Revisions to full-year consolidated projections for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)

				Profit	Basic earnings
	Net sales	Operating profit	Recurring profit	attributable to
	per share
				owners of parent
	(¥ million)	(¥ million)	(¥ million)	(¥ million)
Previous projections (A)	940,000	128,000	139,000	95,000	¥431.81
Revised projections (B)	950,000	112,000	124,000	87,000	¥395.63
Change in amount (B-A)	10,000	(16,000)	(15,000)	(8,000)	―
Change (%)	1.1	(12.5)	(10.8)	(8.4)	―
(Reference) Results for the
previous fiscal year	889,270	125,496	133,608	92,752	¥422.09
(Fiscal year ended March 31, 2022)

(2) Reasons for revisions

For the fiscal year ending March 31, 2023, although each business has continued to perform favorably, the Company will record a loss on valuation for the year of over ¥12.0 billion in the Digital Business, mainly for work in process, due to the market environment with intensifying competition and other factors. In addition, in the fourth quarter, the Company will record a loss on disposal of inventory of approximately ¥5.0 billion in the Toys and Hobby Business, and a loss on disposal of prizes, etc. in the Amusement Business.

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2. Revisions to projections of cash dividends

(1) Revisions to projections of cash dividends for the fiscal year ending March 31, 2023

		Annual cash dividends
	End of
	second	Fiscal year-end		Total
	quarter
Previous projections	―	¥27.00		¥54.00
(announced May 11, 2022)
		¥171.00		¥198.00
Revised projections	―	Breakdown		Breakdown
Base dividend: ¥27.00		Base dividend: ¥54.00
		Performance-based dividend:		Performance-based dividend:
		¥144.00		¥144.00
Results for the fiscal year ending	¥27.00	―		―
March 31, 2023
	¥24.00	¥188.00		¥212.00
Results for the previous fiscal year		Breakdown		Breakdown
	Base dividend: ¥24.00		Base dividend: ¥48.00
(fiscal year ended March 31, 2022)
	Performance-based dividend:		Performance-based dividend:
		¥164.00		¥164.00

1. Reasons for revisions

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 dividend payments with a DOE of 2% (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, the Company will revise its projection for the annual cash dividends per share for the fiscal year ending March 31, 2023 to ¥198 per share, which is comprised of a base dividend of ¥54 per share and a performance-based dividend of ¥144 per share. Since the Company paid an interim dividend of ¥27 per share on December 9, 2022, the projected year-end dividend for the fiscal year is ¥171 per share.

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