Source disclosure: February 05, 2026
DeNA Co.,Ltd. [2432.T]
TOKYO, Feb 5 (Pulse News Wire) -- DeNA Co., Ltd. (2432.T), led by President and CEO Okamura Shinugo, announced on Sunday that it will revise its dividend policy starting from the fiscal year ending March 2026. The company also updated its dividend forecast, increasing the expected payout for the current fiscal year.
DeNA's revised dividend strategy is part of broader efforts to enhance capital efficiency and align with its business objectives. In November last year, the firm outlined plans to improve its operational structure and optimize capital allocation based on considerations such as cost of capital and stock price performance. These initiatives aim to sustainably increase enterprise value through growth and improved management practices.
Under the new guidelines, DeNA intends to maintain a consistent dividend distribution rate, targeting a Dividend Outflow Ratio (DOE) of 3% on a consolidated basis. This approach aims to provide long-term support to shareholders while accounting for the volatility inherent in the company’s operations and necessary investments for future growth. Additionally, the company may consider strategic actions like share buybacks to respond flexibly to market conditions and shareholder interests.
Regarding retained earnings, DeNA plans to allocate these funds towards strengthening existing revenue streams and developing a portfolio of businesses aimed at achieving sustainable growth over the medium to long term. Historically, the company has followed a policy of distributing dividends annually at the end of each fiscal period, though this remains subject to periodic review.
In contrast to previous policies where the annual dividend was set at either 15% of net income or 20 yen per share, whichever was higher, the new framework targets a more conservative but stable dividend yield. For the fiscal year ending March 2026, DeNA now projects an annual dividend payment of 66 yen per share, both interim and final, compared to previously unspecified expectations. This represents a significant adjustment from the prior year's total dividend payout of 65 yen per share, which included a special dividend of 32 yen alongside the regular dividend of 33 yen.
The company emphasized that these forecasts are contingent upon ongoing economic factors and could be adjusted accordingly. Investors were directed to also consult the concurrently released announcement regarding revisions to the overall earnings outlook and impairment losses for further context.
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