{"id":32044,"date":"2026-02-27T16:35:47","date_gmt":"2026-02-27T07:35:47","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/2432-20260227-03_wp_business_update\/"},"modified":"2026-02-27T16:35:47","modified_gmt":"2026-02-27T07:35:47","slug":"2432-20260227-03_wp_business_update","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-2432\/ir\/2432-20260227-03_wp_business_update\/","title":{"rendered":"Update on Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price"},"content":{"rendered":"<p>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%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/2432-20260227-03.pdf","jir_short_summary":"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%.","jir_summary":"### Overview of Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price\nThe 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.\n\n### Specific Measures to Enhance Shareholder Returns and Capital Efficiency\nAs 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.","jir_financial_highlights":"Share Buyback Limit (Number of Shares): 25 million shares (Unknown)\nShare Buyback Limit (Amount): 50 billion yen (Unknown)\nNintendo Shares to be Sold: 6,000,000 shares (Unknown)\nDOE Target: 3% (New Policy)\nROE Target: Stable at 8% or higher (Newly Set)","jir_category":"","jir_hashtags":"#DeNA, #CapitalPolicy, #ShareholderReturns","jir_key_figures":"Share Buyback Limit (Number of Shares): 25 million shares (22.4% of outstanding shares)\nShare Buyback Limit (Amount): 50 billion yen\nNintendo Shares to be Sold: 6,000,000 shares\nDOE Target: 3% (applicable from fiscal year ending March 2026)\nStandalone Borrowings Repayment Plan: 33.1 billion yen (end of fiscal year March 2026)","jir_meta_title":"DeNA Decides on 50 Billion Yen Share Buyback and Sale of 6 Million Nintendo Shares to Improve Capital Efficiency","jir_meta_description":"DeNA announces a share buyback limit of 25 million shares and 50 billion yen, and the sale of 6,000,000 Nintendo shares. Dividend policy shifts to a DOE target of 3% from fiscal year ending March 2026, aiming to establish a stable ROE exceeding 8%.","jir_og_title":"DeNA Announces Share Buyback and Nintendo Shares Sale to Enhance Capital Efficiency","jir_og_description":"Decision on 50 billion yen share buyback and sale of 6 million Nintendo shares. Strengthening shareholder returns with dividend policy change targeting DOE of 3%.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8153,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-32044","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Update on Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-2432\/ir\/2432-20260227-03_wp_business_update\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-2432\/ir\/2432-20260227-03_wp_business_update\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-2432\/ir\/2432-20260227-03_wp_business_update\/\",\"name\":\"Update on Initiatives Toward Realizing Management Focused on Cost of Capital and Stock Price - 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