DeNA Co. (2432) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 FY2024 was ¥36.3 billion, up 7% sequentially but down 7% year-over-year; operating profit (IFRS) rose to ¥3.6 billion, up 87% sequentially and 17% year-over-year.

• Non-GAAP operating profit for Q2 FY2024 was ¥4.0 billion, up 90% sequentially and 35% year-over-year.

• For the six months ended September 30, 2024, revenue was ¥70.3 billion, down 6.5% year-over-year, with operating profit rising 14.4% to ¥5.5 billion.

• Net profit attributable to owners was negative in Q2 FY2024, with EPS at -¥0.47; for the first half, net profit attributable to owners was ¥3.0 billion, down 59.5% year-over-year.

• Significant progress in cost control and profitability across core businesses, especially in the game and sports segments.

Financial highlights

• First half FY2024 revenue totaled ¥70.3 billion, down 6.5% year-over-year; operating profit (IFRS) for the same period was ¥5.5 billion, up 14.4%.

• Non-GAAP operating profit for the first half was ¥6.1 billion, up 32% year-over-year.

• Net profit attributable to owners of the parent was ¥3.0 billion, down 59.5% year-over-year.

• Basic earnings per share fell to ¥26.94 from ¥66.48 in the prior year period.

• Cash and cash equivalents at September 30, 2024, were ¥71.4 billion, down from ¥84.2 billion a year earlier.

Outlook and guidance

• Full-year revenue and non-GAAP operating profit are expected to increase year-over-year, but no consolidated financial results forecast is provided due to estimation difficulties.

• Dividend forecast for FY2025 is undecided; interim dividend set at ¥20.00 per share.

• Game Business expects impact from China downsizing and trends in existing titles, with about three new titles planned.

• Sports, Live Streaming, and Healthcare & Medical businesses aim for revenue and profit growth while continuing investment.