FY2021Q2 Operating Results

Q2 FY2021 Operating Results

November 9, 2021

DeNA Co., Ltd.

1. Financial Results & Financial Highlights

1

Financial Results Summary

• Non-GAAPoperating profit saw continued solid performance from Q1
• Good progress in focus areas for the next three years in both Entertain & Serve

Revenue

Non-GAAP Operating Profit

billion yen

38.8

34.1 34.0 34.1 34.0

30.0

Q1

Q2

Q3

Q4

Q1

Q2

FY2020FY2021

billion yen
Left: Non-GAAP operating profit*	Right: IFRS operating profit**
12.6
	8.1 8.3			7.9
		5.2 4.4		4.7 5.5	5.1
2.5
		-0.2
			-2.8
Q1	Q2	Q3	Q4	Q1	Q2
		FY2020		FY2021

*For full reconciliation of IFRS to Non-GAAP metrics, please see the reference materials at the end of the presentation.
**In Q1 FY2020 recognized a 2.0 billion yen gain on transfer resulting from the merger of taxi dispatch app-related businesses and a 7.9 billion yen	2
gain on the sale of shares in a subsidiary with the transfer of a portion of DeNA's shares of SHOWROOM. In Q2 FY2021 recognized a gain on step

acquisitions of 2.3 billion yen as a result of the acquisition of all the shares of IRIAM Inc.

Financial Results Summary

(billion yen)		FY2020			FY2021			FY2020	FY2021
	Q1	Q2	Q3	Q4	Q1	Q2	QoQ	YoY		Apr-Sep	Apr-Sep	YoY
	change	change		change
Revenue (IFRS)	30.0	38.8	34.1	34.0	34.1	34.0	-0%	-12%	68.8	68.1	-1%
Operating profit (IFRS)	12.6	8.3	4.4	-2.8	5.5	7.9	44%	-6%	20.9	13.3	-36%
Operating profit (Non-GAAP)*	2.5	8.1	5.2	-0.2	4.7	5.1	9%	-37%	10.6	9.8	-7%
Finance income / costs (net)	2.6	0.1	1.3	1.5	2.8	-0.6	-	-	2.7	2.2	-19%
Share of profit (loss) of
associates accounted for using	-0.7	3.2	-1.3	2.1	9.4	2.9	-69%	-9%	2.5	12.3	398%
the equity method
Profit before tax	14.5	11.6	4.4	0.7	17.6	10.2	-42%	-12%	26.1	27.8	7%
Profit for the period attributable	9.9	9.3	2.8	3.7	14.5	8.2	-43%	-11%	19.2	22.7	18%
to owners of the parent
EPS (Yen)	79.86	74.92	22.53	30.02	119.81	69.54	-42%	-7%	154.75	189.82	23%
(Reference) Financial results excl. highly seasonal Sports
Revenue	28.8	33.3	29.9	32.1	28.2	30.4	38%	21%	62.1	58.6	-6%
Operating profit (Non-GAAP)*	4.6	7.0	5.7	1.9	3.7	5.5	49%	-22%	11.6	9.1	-21%

*For full reconciliation of IFRS to Non-GAAP metrics, please see the reference materials at the end of the presentation.

3

Financial Results by Segment (IFRS)

(billion yen)		FY2020				FY2021			FY2020	FY2021
		Q1	Q2	Q3	Q4	Q1	Q2	QoQ	YoY		Apr-Sep	Apr-Sep	YoY
		change	change		change
Revenue	30.0	38.8	34.1	34.0	34.1	34.0	-0%	-12%	68.8	68.1	-1%
	Game	21.2	25.4	21.7	23.0	18.8	20.0	7%	-21%		46.7	38.8	-17%
	Sports*	1.2	5.5	4.2	2.0	5.8	3.6	-38%	-34%		6.7	9.4	42%
	Live streaming	5.7	5.8	6.0	6.7	7.9	8.8	11%	53%		11.5	16.7	46%
	Healthcare	0.4	0.5	0.6	0.6	0.4	0.7	55%	37%		0.9	1.1	16%
	New Businesses and Others	1.6	1.7	1.7	1.9	1.1	0.9	-18%	-44%		3.2	2.1	-37%
	Adjustments	-0.2	-0.0	-0.0	-0.0	-0.0	-0.0	-	-	-0.2	-0.0	-
Operating profit	12.6	8.3	4.4	-2.8	5.5	7.9	44%	-6%	20.9	13.3	-36%
	Operating profit margin
	42%	22%	13%	-	16%	23%	-	-	30%	20%	-
	Segment profit / loss	2.6	8.3	4.5	1.5	4.8	2.9	-39%	-65%		10.9	7.7	-29%
	Game	4.6	6.4	3.5	4.3	3.3	3.1	-7%	-52%		11.0	6.4	-42%
	Sports*	-2.1	1.1	-0.5	-2.1	1.0	-0.3	-	-		-1.0	0.7	-
	Live streaming	0.8	1.6	1.4	1.4	1.6	1.2	-24%	-23%		2.4	2.9	21%
	Healthcare	-0.4	-0.3	-0.2	-0.3	-0.4	-0.2	-	-		-0.7	-0.5	-
	New Businesses and Others	-0.2	-0.1	0.0	0.0	-0.1	-0.1	-	-		-0.2	-0.1	-
	Overhead costs and Adjustments	-0.2	-0.4	0.2	-1.8	-0.7	-0.9	-	-		-0.6	-1.6	-
	Other income**	10.1	0.1	0.9	0.2	1.0	5.0	389%	4,708%		10.2	6.0	-41%
	Other expenses**	0.1	0.0	0.9	4.6	0.4	0.0	-88%	7%		0.1	0.4	199%

*Supplemental information regarding the number of home games held per quarter for the highly seasonal baseball business:
FY2021:	Q1	36, Q2 21 (held with spectators in the stadium, although restrictions in place in accordance with the situation)	4
FY2020:	Q1	9 (held without spectators in stadium), Q2 35, Q3 16, Q4 2

**Includes non-extraordinary gains and losses under Japanese GAAP (e.g. Loss on sales / retirement of tangible / intangible assets).