DeNA : Notice Regarding Allocation of Dividends from Surplus

The following information was originally prepared and published by DeNA Co., Ltd. in Japanese as it contains timely disclosure materials to be submitted to the Tokyo Stock Exchange. This English translation is for your convenience only. To the extent there is any discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

	May 21, 2021
Company name:	DeNA Co., Ltd.
	(TSE First Section Stock Code: 2432)
Name of representative:	Shingo Okamura, President & CEO
Contact person:	Jun Oi, Managing Executive Officer, CFO,
	Head of Corporate Unit
Tel.:	03-6758-7200

Notice Regarding Allocation of Dividends from Surplus

DeNA Co., Ltd. would like to announce that it resolved at the meeting of the Board of Directors held today to allocate dividends from surplus for the record date of March 31, 2021 as follows.

DeNA plans to submit this dividend payment as a proposal at the 23rd Ordinary General Meeting of Shareholders, scheduled for June 19, 2021.

1. Dividend

	Set Amount	Recent Dividend	Previous dividend
		Forecast	allocations (fiscal year
		(May 7, 2021)	ended March 31, 2020)
Record date	March 31, 2021	March 31, 2021	March 31, 2020
Dividend per share	¥32	¥32	¥20
Total dividend amount	¥3,906 million	-	¥2,510 million
Effective date	June 21, 2021	-	June 22, 2020
Dividend source	Retained earnings	-	Retained earnings

(Note: The total dividends paid do not include dividends for stocks provided for the Stock Grant ESOP (Employee Stock Ownership Plan) Trust account. If these dividends are included, the total for the fiscal year ended March 31, 2021 is ¥3,912 million, and for the fiscal year ended March 31, 2020 is ¥2,514 million.)

2. Reason

DeNA regards continuing enhancement of its corporate value through business growth and strengthening of the management structure and contributing to shareholders' interest to be important management priorities.

With respect to allocating profit for the year to shareholders through dividends, while considering performance of each fiscal year, DeNA, as a basic principle, sets as a minimum whichever is higher, a consolidated payout ratio of 15% or an annual dividend of ¥20 per share of DeNA's common stock, and plans to continue paying a dividend with the aim of a consolidated payout ratio of 30% in the future.

Regarding the final dividend for the fiscal year ended March 31, 2021, in accordance with the above-mentioned basic principle, after taking into account such factors as DeNA's financial results,

the future business environment, and retained earnings necessary for continuing growth, DeNA proposes ¥32 per common share (dividend payout ratio of 15.4%).

For inquiries please contact:

IR Department ([e-mail])

DeNA Co., Ltd. (https://dena.com)