DeNA Co. (2432) Q2 2026 earnings summary

Executive summary

• Q2 FY2025 revenue reached 41.4 billion yen, up 14% year-over-year but down 1% sequentially; IFRS operating profit was 11.1 billion yen, up 212% year-over-year but down 19% sequentially.

• Revenue for the six months ended September 30, 2025 rose 18.3% year-over-year to ¥83,151 million, with operating profit up 354.1% to ¥24,946 million and profit attributable to owners of the parent up 667.7% to ¥23,027 million.

• Growth was driven by strong performance in the Game and Sports segments, while Live Streaming returned to profitability and Healthcare & Medical narrowed its loss.

• Management introduced a new policy to improve cost of capital and stock price, including setting an ROE target.

Financial highlights

• Non-GAAP operating profit for Q2 was 11.3 billion yen, up 184% year-over-year and down 10% sequentially.

• Gross profit increased to ¥48,521 million from ¥33,885 million year-over-year.

• Basic earnings per share surged to ¥206.60 from ¥26.94 year-over-year.

• Cash and cash equivalents at period-end were ¥96,404 million, up ¥3,601 million from March 31, 2025.

• Total assets as of September 2025 were 404.9 billion yen; equity attributable to owners was 274.0 billion yen.

Outlook and guidance

• FY2025 guidance expects revenue between 146.0–154.0 billion yen and operating profit (IFRS) between 20.0–29.0 billion yen, both down from FY2024.

• No change to previously announced financial results forecast.

• Guidance reflects expected volatility in the Game Business and seasonality in Sports; conservative assumptions for in-game measures and Pokémon Trading Card Game Pocket.

• Dividend forecast for the fiscal year ending March 31, 2026 has not been determined.

• Live Streaming aims for year-over-year profit growth; Sports to continue steady promotion; Healthcare & Medical targets revenue and profit improvement.