DeNA Investor Update: Q&A Summary

Key insights

6 takeaways

01
DeNA has set a target to achieve a consistent return on equity (ROE) of 8% or higher throughout the fiscal years 2024–2026.See it on page 1
02
The company is launching a share repurchase program of up to 50 billion yen to improve capital efficiency and reduce surplus cash.See it on page 3
03
Growth strategy focuses on four core divisions: Games, Sports, Smart City, and Live Streaming, with the Game segment currently bolstered by the performance of Pokémon Trading Card Game Pocket.See it on page 2
04
Management is implementing more stringent decision-making processes for large-scale investments to ensure capital allocation aligns with the cost of capital.See it on page 3
05
The long-term partnership with Nintendo remains unchanged, despite recent divestments of certain investment securities.See it on page 1
06
Strategic infrastructure development is centered on the BASEGATE YOKOHAMA KANNAI project, alongside a broader corporate focus on integrating artificial intelligence for future innovation.See it on page 2

Summary

DeNA’s March 2026 investor update clarifies the company’s strategic shift toward enhanced capital efficiency and sustainable long-term growth. The primary objective is to achieve a consistent return on equity (ROE) of 8% or higher during the current mid-term strategy period spanning fiscal years 2024 through 2026. Management emphasizes that this target will be pursued through a dual approach: rigorous financial discipline, including a more stringent decision-making process for large-scale investments, and the continued cultivation of core business segments.

The company identifies its Game, Sports, Smart City, and Live Streaming divisions as the primary drivers of structural growth. While the Game business remains a cornerstone, bolstered by the success of Pokémon Trading Card Game Pocket, the company is also prioritizing the expansion of its professional baseball operations and the development of new facilities within the BASEGATE YOKOHAMA KANNAI project. Furthermore, DeNA positions itself as a technology-focused entity, with a specific intent to explore and lead in the application of artificial intelligence to drive future innovation.

Financial management strategies include a commitment to optimizing the balance sheet by reducing surplus cash and deposits while maintaining flexible borrowing capacity for strategic growth investments. The company recently announced a share repurchase program of up to 50 billion yen as part of its broader effort to improve capital efficiency. Management maintains that its long-term partnership with Nintendo remains unchanged, despite recent divestments of certain investment securities. Future capital allocation decisions will continue to be evaluated against the cost of capital, with a focus on balancing bold growth initiatives with the necessity of delivering measurable returns to shareholders.