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DeNA Reports First Quarter, Fiscal Year 2018 Financial Results
TOKYO, JAPAN - August 9, 2018 - DeNA Co., Ltd. (Tokyo: 2432) today announced its IFRS and non-GAAP financial results for the quarter ended June 30, 2018. DeNA reported quarterly IFRS revenue of 33.9 billion yen, IFRS operating profit of 5.1 billion yen and non-GAAP operating profit excluding the seasonal sports business of 2.2 billion yen.
"Our first quarter financial performance was in line with our expectations for full year guidance," said Isao Moriyasu, President and CEO of DeNA. "We are on track to maintain operating profit for FY2018, and aiming to secure a return to growth in FY2019 for the Game Business. Also, the Yokohama DeNA BayStars have shown strong performance through the first half of the season, reaching 1 million accumulated attendees at a team-record speed."
First Quarter FY2018 Highlights
• First quarter financial performance was in line with our expectations for full year guidance
• Implemented various optimization measures to reduce overall fixed costs & others, mainly focusing on marketing expenses
• TaxiBell has shown good progress after official service launch, now covering most areas in Kanagawa Prefecture and aiming for nationwide rollout starting in fall 2018
• In the Sports Business, for the first half of the 2018 season, accumulated attendance of Yokohama DeNA BayStars home games reached 1 million at fastest pace in team history
• Sold DeNA Travel Co., Ltd., which operated the service DeNA Travel, on May 31, 2018
Recent Developments and Strategic Initiatives
• The Game Business is on track to maintain operating profit for FY2018
• New Nintendo partnership title in the Mario Kart franchise, Mario Kart Tour, expected to be released during FY2018
• Using core competence in game operations and business development to bring major Chinese titles to Japan
Guidance for the Fiscal Year Ending March 31, 2019
Non-GAAP
• Operating profit: 15.5 billion yen*
IFRS
• Revenue: 150.0 billion yen
• Operating profit: 15.5 billion yen*
• Profit for the period attributable to owners of the parent: 11.0 billion yen
*Assumptions for the FY2018 full year consolidated financial guidance for operating profit:
• The approx. 10.7 billion yen in profit recognized from the cumulative amount of the exchange differences related to the overseas subsidiaries in FY2017 is a non-recurring item (IFRS)
• Expect operating profit for the Game Business at least at the level of FY2017
• Pursue more proactive investment in focus areas in New Businesses and Others
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 August 9, 2018. 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 August 9, 2018, 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.
