DeNA : FY2022Q3 Operating Results

Q3 FY2022 Operating Results

February 8, 2023

DeNA Co., Ltd.

©︎ DeNA Co., Ltd.

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1. Financial Results Summary & Financial Highlights

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Financial Results Summary*

(billion yen)		FY2021					FY2022				FY2021	FY2022
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	QoQ	YoY		Apr-Dec	Apr-Dec	YoY
	change	change		change
Revenue (IFRS)	34.1	34.0	31.0	31.7	34.8	36.4	30.2	-17%	-3%	99.1	101.4	2%
Operating profit (IFRS)**	5.5	7.9	2.2	-4.1	4.0	3.1	-2.0	-	-	15.6	5.1	-68%
Operating profit (Non-GAAP)	4.7	5.1	1.3	-3.6	3.8	3.0	-1.7	-	-	11.1	5.1	-54%
Finance income / costs (net)	2.8	-0.6	1.7	-0.2	6.9	1.7	-2.0	-	-	3.9	6.7	71%
Share of profit (loss) of associates
accounted for using the equity	9.4	2.9	0.8	1.1	-0.2	0.8	-0.4	-	-	13.1	0.2	-98%
method***
Profit before tax	17.6	10.2	4.7	-3.1	10.7	5.6	-4.4	-	-	32.6	11.9	-63%
Profit for the period attributable to	14.5	8.2	4.0	3.9	7.1	3.9	-3.8	-	-	26.7	7.3	-73%
owners of the parent
EPS (Yen)	119.81	69.54	33.60	32.61	60.27	33.71	-33.24	-	-	223.69	62.51	-72%

*For full reconciliation of IFRS to Non-GAAP metrics, the calculation process, Non-GAAP EBITDA, and Sports Business seasonality, please see the reference materials at the end
of the presentation.	3
**In Q2 FY2021 recognized a gain on step acquisitions of 2.3 billion yen as a result of the acquisition of all the shares of IRIAM Inc.
***Includes a one-time gain of 4.4 billion yen due to the third party allotment by Mobility Technologies that was recognized in Q1 FY2021.

Financial Results Summary: Financial Results by Segment

(billion yen)			FY2021				FY2022				FY2021	FY2022
		Q1	Q2	Q3	Q4	Q1	Q2	Q3	QoQ	YoY		Apr-Dec	Apr-Dec	YoY
		change	change		change
Game	Revenue	18.8	20.0	17.2	18.7	15.8	16.9	14.1	-17%	-18%		56.0	46.8	-16%
Operating profit/loss	3.3	3.1	2.1	3.1	1.7	2.3	1.6	-30%	-25%	8.5	5.6	-34%
Live streaming	Revenue	7.9	8.8	8.9	9.0	9.6	9.9	10.2	3%	14%	25.7	29.8	16%
Operating profit/loss	1.6	1.2	0.6	0.0	-0.2	-0.2	-0.1	-	-	3.5	-0.5	-
Sports*	Revenue	5.8	3.6	2.8	2.4	7.9	7.9	3.0	-61%	7%	12.3	18.8	54%
Operating profit/loss	1.0	-0.3	-1.3	-2.0	2.6	2.0	-1.8	-	-	-0.6	2.8	-
Healthcare	Revenue	0.4	0.7	1.1	0.9	0.7	1.1	2.0	86%	88%	2.1	3.8	78%
&
Operating profit/loss	-0.4	-0.2	0.1	-0.2	-0.2	-0.7	-0.9	-	-	-0.4	-1.8	-
Medical
New Businesses	Revenue	1.1	0.9	1.0	0.8	0.7	0.7	0.8	22%	-23%	3.1	2.2	-30%
and
Operating profit/loss	-0.1	-0.1	-0.0	-0.2	-0.2	-0.2	-0.2	-	-	-0.1	-0.6	-
Others**

*See slide 16 for the seasonality of the Sports Business and status of matches for each quarter.

**The financial performance of Manga Box was excluded from segment performance from May 2021 when it became an equity method affiliate,

and the financial performance of Everystar was excluded from segment performance from December 2021 when all shares were transferred.

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Financial Results Summary: Cost and Expense Breakdown

(billion yen)		FY2021				FY2022					FY2021	FY2022
			Q1	Q2	Q3	Q4	Q1	Q2	Q3	QoQ	YoY			Apr-Dec	Apr-Dec	YoY
			change	change			Change
Cost of Sales	16.0	16.1	16.3	16.6	17.4	18.4	17.2	-7%	6%		48.4	53.1	10%
		Personnel Expenses	1.6	1.5	1.9	1.9	2.0	2.2	2.4	8%	28%	5.0	6.6	34%
		Depreciation and amortization	0.7	0.8	0.9	1.0	0.8	0.9	0.9	9%	3%	2.3	2.6	10%
		Outsourcing expenses	4.0	3.5	3.6	3.5	3.9	4.1	3.6	-11%	1%	11.1	11.6	5%
		Commission fees	7.2	7.9	7.4	7.7	7.9	8.3	7.7	-8%	4%	22.5	23.9	7%
		Others	2.6	2.5	2.5	2.6	2.7	3.0	2.6	-13%	4%	7.5	8.3	10%
Selling, general, and administrative expenses	13.3	15.0	13.5	15.4	13.8	15.0	14.8	-1%	9%	41.8	43.6	4%
		Personnel Expenses	3.2	3.3	3.4	3.8	3.5	3.4	4.2	22%	23%	10.0	11.1	11%
		Sales promotion & Advertising expenses	2.9	3.9	3.6	4.0	3.8	4.3	3.9	-9%	8%	10.4	11.9	15%
		Outsourcing expenses & Commission fees	5.4	6.2	5.2	5.9	4.8	5.7	4.8	-17%	-9%	16.9	15.3	-9%
		Others	1.7	1.5	1.3	1.7	1.7	1.6	2.0	25%	50%	4.6	5.3	16%
Other income*	1.0	5.0	1.0	0.1	0.5	0.1	0.2	98%	-81%	7.0	0.8	-88%
Other expenses*	0.4	0.0	0.0	4.0	0.1	0.0	0.4	2,421%	986%	0.4	0.5	10%
Consolidated employee headcount**	2,133	2,183	2,204	2,194	2,294	2,589	2,854	10%	29%	2,204	2,854	29%

*Includes non-operating income / expenses and extraordinary income / expenses, excluding finance income / costs under Japanese GAAP

(e.g. Loss on sales / retirement of tangible / intangible assets).5 **The consolidated employee headcount from Q2 FY2022 onward includes DATA HORIZON CO., LTD., and from Q3 FY2022 onward includes Allm Inc.