DeNA : FY2023Q1 Operating Results

Q1 FY2023 Operating Results

August 9, 2023

DeNA Co., Ltd.

©︎ DeNA Co., Ltd.

1

1. Financial Results Summary

2

Financial Results Summary*

(billion yen)		FY2022				FY2023			FY2022
	Q1	Q2	Q3	Q4	Q1	QoQ	YoY			YoY
	change	change			change
Revenue (IFRS)	34.8	36.4	30.2	33.5	36.1	8%	4%	134.9	3%
Operating profit (IFRS)	4.0	3.1	-2.0	-0.9	1.7	-	-56%	4.2	-63%
Operating profit (Non-GAAP)	3.8	3.0	-1.7	-0.8	1.6	-	-57%	4.3	-42%
Finance income / costs (net)	6.9	1.7	-2.0	1.0	2.9	199%	-59%	7.6	104%
Share of profit (loss) of associates
accounted for using the equity	-0.2	0.8	-0.4	1.5	1.4	-11%	-	1.8	-88%
method**
Profit before tax	10.7	5.6	-4.4	1.6	6.0	263%	-44%	13.6	-54%
Profit for the period attributable to	7.1	3.9	-3.8	1.6	4.6	195%	-35%	8.9	-71%
owners of the parent
EPS (Yen)	60.27	33.71	-33.24	14.07	41.66	196%	-31%	76.78	-70%

*For full reconciliation of IFRS to Non-GAAP metrics, the calculation process, Non-GAAP EBITDA, and Sports Business seasonality, please see
the reference materials at the end of the presentation.	3
**In Q1 FY2023 recognized a one-time gain in earnings of 2.4 billion yen due to capital increase through a third-party allotment by GO Inc.

Financial Results Summary: Financial Results by Segment

(billion yen)			FY2022			FY2023
		Q1	Q2	Q3	Q4	Q1	QoQ	YoY
		change	change
Game	Revenue	15.8	16.9	14.1	17.2	12.5	-27%	-21%
Segment profit/loss	1.7	2.3	1.6	4.0	0.2	-95%	-88%
Live streaming	Revenue	9.6	9.9	10.2	10.3	10.8	5%	12%
Segment profit/loss	-0.2	-0.2	-0.1	-0.1	-0.2	-	-
Sports*	Revenue	7.9	7.9	3.0	2.1	10.2	382%	29%
Segment profit/loss	2.6	2.0	-1.8	-2.8	3.4	-	33%
Healthcare	Revenue	0.7	1.1	2.0	3.2	2.0	-38%	165%
&
Segment profit/loss	-0.2	-0.7	-0.9	-0.4	-1.2	-	-
Medical**
New Businesses	Revenue	0.7	0.7	0.8	0.8	0.7	-8%	1%
and
Segment profit/loss	-0.2	-0.2	-0.2	-0.3	-0.3	-	-
Others

FY2022

YoY change

64.0 -14%

9.6 -17%

40.1 16%

-0.6-

21.0 42%

-0.0-

7.0 133%

-2.2-

2.9 -24%

-0.9-

*See slides 15-16 for the seasonality of the Sports Business and status of matches for each quarter.
**PPA (a series of operations to allocate the acquisition cost to the assets and liabilities existing in the acquired company and record them in the
consolidated financial statements) for DATA HORIZON and Allm was completed and the FY2022 portion of amortization of intangible assets, etc.	4
was recognized in Q4 FY2022. Management accounting of the financial performance excluding this impact is shown on slide 17.

Financial Results Summary: Cost and Expense Breakdown

(billion yen)		FY2022			FY2023
			Q1	Q2	Q3	Q4	Q1	QoQ	YoY
			change	change
Cost of Sales	17.4	18.4	17.2	17.8	19.0	7%	9%
		Personnel Expenses	2.0	2.2	2.4	2.1	2.2	1%	5%
		Depreciation and amortization	0.8	0.9	0.9	0.9	1.0	13%	24%
		Outsourcing expenses	3.9	4.1	3.6	3.6	4.5	24%	15%
		Commission fees	7.9	8.3	7.7	8.1	7.8	-4%	-2%
		Others	2.7	3.0	2.6	3.1	3.6	17%	31%
Selling, general, and administrative expenses	13.8	15.0	14.8	16.3	15.4	-6%	11%
		Personnel Expenses	3.5	3.4	4.2	4.3	4.6	8%	34%
		Sales promotion & Advertising expenses	3.8	4.3	3.9	3.9	4.3	11%	13%
		Outsourcing expenses & Commission fees	4.8	5.7	4.8	5.3	4.4	-16%	-9%
		Others	1.7	1.6	2.0	2.9	2.1	-29%	20%
Other income*	0.5	0.1	0.2	0.4	0.2	-65%	-70%
Other expenses*	0.1	0.0	0.4	0.7	0.2	-75%	82%
Consolidated employee headcount**	2,294	2,589	2,854	2,951	3,079	4%	34%

FY2022

YoY

Change

1. 9%

1. 28%

1. 5%

1. 4%

1. 6%

11.4 13%

60.0 5%

15.4 12%

15.8 10%

1. -10%

1. 31%

1.3 -82%

1.2 -73%

2,951 35%

*Includes non-operating income / expenses and extraordinary income / expenses, excluding finance income / costs under Japanese GAAP

(e.g. Loss on sales / retirement of tangible / intangible assets).5 **The consolidated employee headcount from Q2 FY2022 onward includes DATA HORIZON CO., LTD., and from Q3 FY2022 onward includes Allm Inc.