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DeNA Co ( (JP:2432) ) has provided an announcement.
DeNA Co., Ltd. has completed pricing for a secondary offering of part of its stake in Nintendo Co., Ltd., selling 4,342,600 Nintendo common shares for 34.8 billion yen and reducing its holding to 2,797,000 shares. Together with Nintendo’s repurchase of its own shares, DeNA’s total sales of 6 million Nintendo shares amount to 49.2 billion yen, signaling a sizable monetization of its long-held strategic investment.
The company expects to book a gain of 29.3 billion yen on this latest secondary offering under Japanese GAAP in its non-consolidated results for the fiscal year ending March 31, 2026, while related tax expenses will also be incurred. Across the full series of Nintendo share sales announced since February, DeNA projects total non-consolidated gains of 41.7 billion yen, strengthening its balance sheet and providing additional financial flexibility without altering previously disclosed consolidated earnings guidance under IFRS.
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 diversified digital businesses, including mobile games, entertainment services, sports-related operations, and various internet platforms aimed at consumer and corporate markets.
YTD Price Performance: 2.52%
Average Trading Volume: 2,210,447
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen287.4B
See more data about 2432 stock on TipRanks’ Stock Analysis page.