DeNA to Divest Majority of Nintendo Stake to Boost Asset Efficiency While Preserving Alliance

DeNA Co ( (JP:2432) ) has shared an update.

DeNA has resolved to sell a substantial portion of its shareholding in Nintendo through a secondary offering, as part of an ongoing review of policy-shareholdings to improve asset efficiency. The planned sale covers 6 million Nintendo common shares out of the 8.797 million DeNA held as of March 31, 2025, and follows an earlier reduction in 2022, while both companies maintain that the strategic significance of their capital and business alliance remains intact.

The sale may be partially adjusted depending on Nintendo’s planned share repurchase via the Tokyo Stock Exchange’s ToSTNeT-3 system in early March 2026, which could reduce the number of shares DeNA ultimately offers to the market. Under IFRS, the transaction is not expected to affect DeNA’s consolidated profit before tax because valuation gains and losses are recorded in Other Comprehensive Income, but under Japanese GAAP the company expects to book a gain on sale of investment securities and related tax expenses in its non-consolidated results for the fiscal year ending March 31, 2026.

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 internet and mobile services company listed on the TSE Prime that develops and operates online games and digital platforms, often in partnership with major entertainment and technology firms. The company has a longstanding strategic alliance with Nintendo focused on smartphone gaming, multi-device membership services, and digitalization initiatives, including their joint venture Nintendo Systems Co., Ltd.

Average Trading Volume: 1,842,622

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen285.6B

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