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DeNA Co ( (JP:2432) ) has shared an update.
DeNA Co., Ltd. announced that its equity-method affiliate GO Inc., a mobility-focused company providing taxi dispatch systems and related services, has received approval to list on the Tokyo Stock Exchange Growth Market. In conjunction with the listing, DeNA will conduct a partial secondary offering of 16,124,000 GO Inc. shares, reducing its stake from 25.75% to 4.99%, which will end equity-method accounting for GO Inc.
The company expects to record equity in earnings of affiliates linked to the sale, though the size of the gain has yet to be determined and will be disclosed once calculable. The transaction will likely provide DeNA with financial gains and capital flexibility, while signaling a strategic shift in its involvement in GO Inc. and potentially reshaping its exposure to the mobility services segment.
The most recent analyst rating on (JP:2432) stock is a Hold with a Yen2070.00 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., listed on the Tokyo Stock Exchange Prime Market, operates in the digital services and technology sector, developing and managing online platforms across fields such as entertainment, sports, and related internet businesses. The company invests in and collaborates with technology-driven affiliates to expand its presence in mobility, gaming, and other growth markets.
Average Trading Volume: 2,034,933
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen293.9B
See more insights into 2432 stock on TipRanks’ Stock Analysis page.