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CST: 15/02/2019 13:17:02   

DeNA Reports Third Quarter, Fiscal Year 2018 Financial Results

8 Days ago

TOKYO, Feb. 07, 2019 (GLOBE NEWSWIRE) -- DeNA Co., Ltd. (Tokyo: 2432) today announced its IFRS and non-GAAP financial results for the quarter ended December 31, 2018. DeNA reported quarterly IFRS revenue of 26.4 billion yen, IFRS operating loss of 2.1 billion yen and non-GAAP operating profit excluding the seasonal sports business of 0.9 billion yen.

“While the Game business underperformed in the third quarter, we are making progress in our new business initiatives,” said Isao Moriyasu, President and CEO of DeNA. “To mark the occasion of DeNA’s 20th anniversary, we expect to pay out a one-time special dividend of 20 yen per share in addition to the regular dividend of 20 yen per share.”

Third Quarter FY 201 8 Highlights

  • Investment in new businesses is proceeding according to plan
  • MOV (formerly TaxiBell) launched in the Tokyo area and has seen good performance for taxi dispatches and repeat usage in existing service areas, and plan to roll out service to Kyoto, Osaka, and Kobe areas in the spring
  • Launched Japanese version of Tencent’s Arena of Valor

Recent Developments and Strategic Initiatives

  • DeNA & NetEase Games are planning to partner for the Japanese launch in spring 2019 of NetEase’s Forever Seven Days
  • SHUEISHA and DeNA have agreed to establish a joint venture to pursue joint business in the field of entertainment, and plan to draw on the strengths of both companies to jointly develop IP games and new digital entertainment services for both Japan and the world
  • Reached an agreement to partner with MetLife Insurance on services and as our first initiative, we plan to support the maintenance and improvement of health and wellness, and to plan, develop, and provide health promotion insurance
  • Agreed to sell DeNA’s shares in Paygent Co., Ltd. to NTT Data Corporation
 
Financial Summary
(In billion yen)
 
    Three Months Ended    
    Dec. 31,
2018
Sep. 30,
2018
Dec. 31,
2017
QoQ YoY
Revenue (IFRS)   26.4 34.3 32.8 (23%) (19%)
Operating p rofit            
IFRS   (2.1) 5.6 12.6 - -
Non-GAAP   (1.5) 5.4 2.3 - -
Non-GAAP excl. Sports   0.9 2.4 3.3 (62%) (72%)
Profit before t ax (IFRS)   (2.5) 6.7 13.1 - -
Profit for the period a t tributable to owners of the parent (IFRS)   (1.7) 4.4 12.4 - -
             

Revised Guidance for the Fiscal Year Ending March 31, 2019 (Announced February 5, 2019)

Non-GAAP

  • Operating profit: 8.7 billion yen

IFRS

  • Revenue: 125.8 billion yen
  • Operating profit: 13.6 billion yen
  • Profit for the period attributable to owners of the parent: 10.5 billion yen
  • DeNA forecasts a year-end regular dividend payment of 20 yen per share plus a one‑time special dividend of 20 yen per share to mark the occasion of our 20th anniversary, making for a total dividend of 40 yen per share, with an estimated dividend payout ratio of 55.3%
 
IFRS to Non-GAAP Reconciliation
(In billion yen)
 
    Three Months Ended    
    Dec. 31,
2018
Sep. 30,
2018
Dec. 31,
2017
QoQ YoY
IFRS            
Operating profit   (2.1) 5.6 12.6 - -
Reconciliation            
Account adjustments related to seasonality & one-time factors   0.6 (0.1) (0.2) - -
Acquisition and restructuring related, net   0.0 0.0 0.5 - -
Sales and disposition related gain (loss)   - - (10.7) - -
Non-GAAP            
Operating profit   (1.5) 5.4 2.3 - -
Operating profit excl. Sports   0.9 2.4 3.3 (62%) (72%)
             

Related Materials

Earnings presentation slides and related materials are available at:
dena.com/intl/investors/ir-news/

About DeNA
DeNA (pronounced “D-N-A”) develops and operates a broad range of mobile and online services including games, e-commerce, entertainment, healthcare, automotive and other diversified offerings. Founded in 1999, DeNA is headquartered in Tokyo with over 2,000 employees. DeNA's aim is to delight and impact the world through the use of the internet and AI. DeNA Co., Ltd. is listed on the Tokyo Stock Exchange (2432). For more information, visit: dena.com/intl/.

The information and data contained within this press release have been determined based on information available as of February 7, 2019. DeNA disclaims any obligation to update or revise such information and data, whether as a result of new information, future events or otherwise. In addition, any forward-looking statements contained in this press release are based on our opinions and information available as of February 7, 2019, and involve uncertainty. Please be aware that the actual performance data and similar information are subject to influence from diverse factors, and may differ from the forecasts presented herein.

Katrin Larsen
katrin.larsen@dena.com

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