DeNA Co., Ltd.
Update on Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price
Share buyback limit set at 25 million shares and 50 billion yen, decision to sell 6,000,000 Nintendo shares, dividend policy changing to a DOE target of 3% from fiscal year ending March 2026, aiming to establish a structure of ROE exceeding 8%.
Key Figures
- Share Buyback Limit (Number of Shares): 25 million shares (22.4% of outstanding shares)
- Share Buyback Limit (Amount): 50 billion yen
- Nintendo Shares to be Sold: 6,000,000 shares
- DOE Target: 3% (applicable from fiscal year ending March 2026)
- Standalone Borrowings Repayment Plan: 33.1 billion yen (end of fiscal year March 2026)
AI要約
Overview of Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price
The company has updated the progress on management policies focused on cost of capital and stock price formulated in November 2025. Aiming to achieve the commitment of Non-GAAP operating income of 15 billion yen in the fiscal year ending March 2027, it plans to gradually raise ROE and quickly establish a structure securing a stable ROE of 8% or more during the current medium-term strategic period. On the business front, it will accelerate growth outside the gaming segment and development capturing the AI trend, while financially it will strengthen balance sheet management and expand shareholder returns.
Specific Measures to Enhance Shareholder Returns and Capital Efficiency
As a shareholder return measure, from the fiscal year ending March 2026 the dividend basic policy will change to a DOE target of 3%, continuing stable dividends. Share buybacks will be conducted through market purchases with an upper limit of 25 million shares and 50 billion yen, scheduled from March 2, 2026, to February 26, 2027. All acquired treasury shares will be cancelled. Regarding review of strategic shareholdings, the decision was made to sell 6,000,000 Nintendo shares to improve asset efficiency. Borrowings totaling 33.1 billion yen are planned to be fully repaid by the end of fiscal year March 2026, with a new commitment line established to build a flexible funding structure.
