DeNA Co. (2432) investor relations material

Executive summary

• FY2025 revenue was 147.7 billion yen, down 10% year-over-year, with operating profit (IFRS) at 18.7 billion yen, down 35% year-over-year, and profit attributable to owners at 19.0 billion yen, down 21% year-over-year.

• Cost reductions in SG&A and commission fees partially offset lower sales, but impairment losses increased significantly.

• The company is on track to achieve its mid-term strategy targets, including a non-GAAP operating profit of 15.0 billion yen for FY2026 and new ROE targets set during FY2025.

• Segment performance varied, with Sports & Smart City revenue up, but other segments, especially Game and Healthcare & Medical, down.

• Strategic focus is shifting to updating and executing business portfolio strategies and business creation from FY2026 onward.

Financial highlights

• Non-GAAP operating profit for FY2025 was 28.1 billion yen, down 15% year-over-year.

• EPS for FY2025 was 171.36 yen, down 21% year-over-year.

• Cash and cash equivalents at year-end rose to 103.0 billion yen, up 10.2 billion yen from prior year.

• Operating margin decreased to 12.7% from 17.7% year-over-year.

• Equity ratio improved to 69.8% from 61.3% year-over-year.

Outlook and guidance

• FY2026/FY2027 guidance forecasts revenue of 154.0 billion yen and operating profit (IFRS and Non-GAAP) of 15.0 billion yen, with operating profit expected to decline due to higher strategic investments.

• Investments for future growth are expected to increase year-over-year, reflecting a period of strategic evolution.

• Profit attributable to owners is not disclosed due to uncertainties related to an associate's listing.