DeNA Co., Ltd. announces an Equity Buyback for 9,900,000 shares, representing 8.02% for ¥14,000 million.
February 09, 2021 at 01:00 am EST
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DeNA Co., Ltd. (TSE:2432) announces a share repurchase program. Under the program, the company will repurchase up to 9,900,000 shares, representing 8.02% for ¥14,000 million. The purpose of the program is to increase capital efficiency, to implement a flexible capital policy that responds to changes in the business environment, and to improve shareholder returns by increasing the share value. As of December 31, 2020, the company had 123,500,752 shares in issue and 6,710,193 shares in treasury. The repurchase program will expire on September 30, 2021.
DeNA Co. specializes in mobile and online multimedia services including games, e-commerce, etc. The company also ensures the development and operation of entertainment-based content and applications. Net sales break down by area of activity as follows:
- games (67.3%);
- sport (14.5%);
- e-commerce (9.4%);
- other (8.8%).