DeNA Co. Q3 FY2025 Operating Results

Key insights

7 takeaways

01
DeNA reported Q3 FY2025 revenue of 31.3 billion yen and a non-GAAP operating profit of 2.1 billion yen, supported by a strong liquidity position of 97.5 billion yen in cash.See it on page 3
02
The successful launch of Pokémon Trading Card Game Pocket and record-breaking attendance for the Yokohama DeNA BayStars have led to an upward revision of the company's non-GAAP operating profit guidance for the remainder of the fiscal year.See it on page 11
03
IFRS operating profit was negatively impacted by a 9.6 billion yen impairment loss related to the consolidation of Allm.See it on page 3
04
The company is shifting its financial policy toward a dividend on equity approach with a target rate of approximately 3% to improve long-term capital efficiency.See it on page 27
05
DeNA aims to achieve profitability in its healthcare division by fiscal year 2026 through structural consolidation and a focus on core digital health initiatives.See it on page 17
06
Consolidated revenue has demonstrated a positive trajectory, growing from 136.7 billion yen in fiscal year 2023 to 164.0 billion yen in fiscal year 2024.See it on page 31
07
The organization is integrating artificial intelligence across its internal operations to enhance productivity and support sustainable growth.See it on page 21

Summary

DeNA Co. is currently navigating a strategic transition characterized by robust growth in its core gaming and sports segments, balanced against structural adjustments in its healthcare division. For the third quarter of fiscal year 2025, the company recorded revenue of 31.3 billion yen and a non-GAAP operating profit of 2.1 billion yen. While IFRS operating profit faced a temporary setback due to a 9.6 billion yen impairment loss associated with Allm, the company’s overall financial trajectory remains positive, supported by a strong liquidity position of 97.5 billion yen in cash and cash equivalents.

The primary drivers of this performance include the successful launch and steady engagement of Pokémon Trading Card Game Pocket, alongside record-breaking attendance for the Yokohama DeNA BayStars. These successes have prompted an upward revision of non-GAAP operating profit guidance for the remainder of the fiscal year. Simultaneously, the company is refining its corporate structure by consolidating ownership of Allm and focusing on core digital health initiatives, with a clear objective to achieve profitability in the healthcare sector by fiscal year 2026.

To enhance long-term capital efficiency and shareholder value, the organization is shifting its financial policy toward a dividend on equity approach, targeting a rate of approximately 3%. This transition, paired with an aggressive integration of artificial intelligence across internal operations to boost productivity, signals a commitment to sustainable growth. By leveraging its diversified portfolio across gaming, sports, and healthcare, the company is positioning itself to maintain its upward revenue trend, which saw consolidated figures rise from 136.7 billion yen in fiscal year 2023 to 164.0 billion yen in fiscal year 2024.