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The Publication segment delivered a brisk performance in FY2019/3 with both net sales and operating income rising YoY, but we take a conservative view on FY2020/3 earnings. “MANGA UP!” has begun producing benefits, giving rise to new titles and generating sales, and we will work to develop synergies between it and our games. We see the Publication segment as a promising business that we want to continue to grow.
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Both net sales and operating income fell YoY at the Merchandising segment. The segment holds a key position in our portfolio as a stable revenue generator, and we enhanced the organizational structure that supports it as of April 1. We want to grow it into a business with more than ¥10 billion in sales going forward.
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In keeping with our initial FY2019/3 shareholder return plan for a consolidated dividend payout ratio of 30%, we will pay a year-end dividend of ¥37 per share, which, combined with the interim dividend of ¥10 we already paid, makes for an annual dividend of ¥47.
