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DeNA Co ( (JP:2432) ) has provided an update.
DeNA Co., Ltd. has sold 1,657,400 Nintendo common shares for 14.5 billion yen in response to Nintendo’s off-auction share repurchase program, reducing its Nintendo stake to 7,139,600 shares. The transaction forms part of DeNA’s previously announced plan to sell investment securities, aligning its holdings with Nintendo’s capital actions.
The sale is expected to generate a 12.4 billion yen gain on sale of investment securities in DeNA’s non-consolidated results for the fiscal year ending March 31, 2026, although related tax expenses will be incurred. Following this sale, the number of Nintendo shares DeNA plans to dispose of via a secondary offering has been cut from 6,000,000 to 4,342,600 shares, with the final offering price to be set in mid-March, potentially affecting DeNA’s capital structure and investment portfolio mix.
The most recent analyst rating on (JP:2432) stock is a Hold with a Yen2865.00 price target. To see the full list of analyst forecasts on DeNA Co stock, see the JP:2432 Stock Forecast page.
More about DeNA Co
DeNA Co., Ltd. is a Japan-based technology and internet services company listed on the Tokyo Stock Exchange Prime Market. The company operates across digital entertainment and related online services, and holds strategic equity investments in partners such as Nintendo Co., Ltd. as part of its broader business and capital allocation strategy.
Average Trading Volume: 1,883,433
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen293.8B
See more insights into 2432 stock on TipRanks’ Stock Analysis page.