The following information was originally prepared and published by the Company 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.
November 10, 2025
Company name: DeNA Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2432
URL: https://dena.com/intl/
Representative: Shingo Okamura, President & CEO
Contact: Keigo Watanabe, Director and Executive Officer, Head of the Corporate Unit Phone: +81-3-6758-7200
Scheduled date of filing semi-annual securities report: November 10, 2025 Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on financial results: Yes
Schedule of financial results briefing session: Yes (for institutional investors, analysts and the press)
(Amounts are rounded to the nearest million yen.)
-
Consolidated Financial Results for the Six Months Ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
Consolidated Operating Results (% changes from the previous corresponding period)
Revenue
Operating profit
Profit before tax
Profit for the period
Six months ended
September 30, 2025
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
83,151
18.3
24,946
354.1
29,743
401.3
22,815
805.8
Six months ended
September 30, 2024
70,262
(6.5)
5,493
14.4
5,933
(41.3)
2,519
(62.9)
Profit for the period attributable to owners of the parent
Total comprehensive income for the period
Basic earnings per share
Diluted earnings per share
Six months ended
September 30, 2025
Millions of yen
%
Millions of yen
%
Yen
Yen
23,027
667.7
40,244
-
206.60
206.07
Six months ended
September 30, 2024
2,999
(59.5)
(316)
-
26.94
26.91
Consolidated Financial Position
Total assets
Total equity
Total equity attributable to
owners of the parent
Ratio of equity
attributable to owners of the parent
As of September 30, 2025
Millions of yen
Millions of yen
Millions of yen
%
404,882
284,497
274,012
67.7
As of March 31,
2025
394,188
252,875
241,734
61.3
-
Dividends
Dividends per share
End of 1st
quarter
End of 2nd
quarter
End of 3rd
quarter
End of
year
Total
Fiscal year ended March 31, 2025
Yen
Yen
Yen
Yen
Yen
-
0.00
-
65.00
65.00
Fiscal year ending March 31, 2026
-
0.00
Fiscal year ending March 31, 2026
(Forecast)
-
-
-
(Notes) 1. Revisions to recently announced dividend forecast: No
The dividend forecast for the fiscal year ending March 31, 2026 has not been determined at this time.
-
Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(% changes from the previous corresponding period)
Revenue
Operating profit
Non-GAAP operating profit
Full year
Millions of yen
%
Millions of yen
%
Millions of yen
%
146,000
～154,000
(11.0)
～(6.1)
20,000
～25,000
(31.0)
～(13.7)
19,300
～24,300
(41.4)
～(26.2)
(Notes) 1. Revisions to recently announced financial results forecast: No
For details on matters relating to the financial results forecast, please refer to "1. Overview of Operating Results and Financial Position" on page 2 of the Appendix. Non-GAAP operating profit is an indicator adjusted for non-recurring items and other extraordinary items based on a certain set of rules. It represents IFRS-based operating profit from which the effects of one-time expenses and gains relating to acquisitions, business and organizational changes, etc., and corrections and adjustments relating to the timing of accounting recognition have been eliminated.
Significant Changes in the Scope of Consolidation during the Period: None Newly included: Excluded:
Changes in Accounting Policies and Changes in Accounting Estimates
Changes in accounting policies required by IFRS: No
Changes in accounting policies other than 1) above: No
Changes in accounting estimates: No
Number of Shares Issued (common stock)
Total number of shares issued at the end of the period (including treasury stock):
As of September 30, 2025
122,145,545 shares
As of March 31, 2025
122,145,545 shares
Total number of shares of treasury stock at the end of the period:
As of September 30, 2025
10,661,240 shares
As of March 31, 2025
10,746,088 shares
Average number of shares during the period:
Six months ended September 30, 2025 | 111,456,170 shares |
Six months ended September 30, 2024 | 111,352,739 shares |
(Note) The 126,705 shares of the Company's stock owned by the Stock Grant ESOP Trust account are included in the "Total number of shares of treasury stock at the end of the period" as of September 30, 2025, and the 160,073
shares of the Company's stock owned by the same trust account are included in the "Total number of shares of treasury stock at the end of the period" as of March 31, 2025.
Semi-annul financial results reports are exempt from interim audit conducted by certified public accountants or an audit firm.
Explanation of the Proper Use of Financial Results Forecast and Other Notes
Consolidated Financial Results Forecast
The forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document. They are not intended as the Company's commitment to achieve such forecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.
Dividend Forecast
The Company plans to set the cash dividend forecast for the fiscal year ending March 31, 2026 considering the overall progress in performance and other factors, and promptly announce said expected dividend amount.
Method of Obtaining Supplementary Briefing Material on Financial Results
The Company is planning to hold a briefing session for institutional investors, analysts and the press on November 10, 2025. The briefing materials for this session are scheduled to be posted on the Company's we
bsite after the timely disclosure of the Consolidated Financial Results for the Six Months Ended September 30, 2025. In addition, English transcript and primary Q&A of the briefing session are scheduled to be posted on the Company's website at a later date shortly thereafter.
Appendix
Overview of Operating Results and Financial Position 2
Overview of Operating Results 2
Overview of Financial Position and Cash Flows 3
Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information 4
Condensed Consolidated Financial Statements and Principal Notes 5
Condensed Consolidated Statement of Financial Position 5
Condensed Consolidated Income Statement 7
Condensed Consolidated Statement of Comprehensive Income 8
Condensed Consolidated Statement of Changes in Equity 9
Condensed Consolidated Statement of Cash Flows 10
Notes on Going Concern Assumption 11
Notes to Condensed Consolidated Financial Statements 11
Segment information 11
Earnings per share 14
Significant subsequent events 14
Overview of Operating Results and Financial Position
Overview of Operating Results
The Group is engaged in various businesses across the entertain and serve approaches. With the aim to enhance corporate value, the Group has been working to form an earnings base by taking advantage of the strengths of each approach, developing business groups that are set to structurally and sustainably grow, and encouraging synergies between businesses.
During the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025), revenue was
¥83,151 million, up 18.3% year-on-year. The factors for the year-on-year fluctuations are explained below in business performance by segment.
Cost of sales was ¥34,631 million, down 4.8% year-on-year. While expenses increased in line with the growth of the Sports Business, commission fees declined, reflecting the trends and performance of the Live Streaming and Game Businesses.
Selling, general and administrative expenses were ¥24,671 million, down 11.5% year-on-year. In addition to a decrease in sales promotion expenses, commission fees also declined, reflecting the performance of the Game and Live Streaming Businesses.
Finance income was ¥908 million, down 55.8% year-on-year. Finance costs were ¥471 million, down 67.7% year-on-year, due to the impact of exchange rate fluctuations, etc.
Share of profit of associates accounted for using the equity method was ¥4,360 million, compared with share of loss of associates accounted for using the equity method of ¥157 million in the same period of the previous fiscal year. The main factors of the year-on-year fluctuation included the performance trends of Cygames, Inc. and GO Inc., both major associates accounted for using the equity method.
As a result, revenue of the DeNA Group was ¥83,151 million, up 18.3% year-on-year, operating profit was
¥24,946 million, up 354.1% year-on-year, profit before tax was ¥29,743 million, up 401.3% year-on-year, and profit for the period attributable to owners of the parent was ¥23,027 million, up 667.7% year-on-year.
Business performance by segment is as follows.
Game Business
Revenue of the Game Business was ¥33,574 million, up 48.9% year-on-year, and segment profit was ¥17,039 million, up 615.8% year-on-year.
Both revenue and segment profit increased year-on-year, as Pokémon Trading Card Game Pocket, which was newly released on October 30, 2024, continued to contribute significantly, despite the reaction from the initial performance.
Live Streaming Business
Revenue of the Live Streaming Business was ¥20,269 million, down 1.8% year-on-year, and segment profit was ¥2,265 million, compared with segment loss of ¥797 million for the same period of the previous fiscal year.
Although marketing initiatives including TV commercials for Pococha in Japan were carried out in the first half of the fiscal year ended March 31, 2025, business operations that prioritized improving profitability have been implemented from the second half of the fiscal year onward. IRIAM continued to grow.
Sports Business
Revenue of the Sports Business was ¥24,558 million, up 13.9% year-on-year, and segment profit was ¥8,976 million, up 19.9% year-on-year.
YOKOHAMA DeNA BAYSTARS BASEBALL CLUB, INC. continued to perform solidly, as the number of spectators was steady at its home games.
Healthcare & Medical Business
Revenue of the Healthcare & Medical Business was ¥3,716 million, down 7.9% year-on-year, and segment loss was ¥2,327 million, compared with segment loss of ¥2,631 million for the same period of the previous fiscal year.
In the Healthcare & Medical Business, the Company continues to carefully examine and promote initiatives for future growth.
In the Healthcare area, revenue increased year-on-year for data use business and data health business also performed steadily. In the Medical area, the focus is on three initiatives; the expansion in Japan of the medical professional communication app "Join," its global expansion, and the Join Mobile Clinic, which combines Join with portable medical devices. The reduction of fixed costs is also being promoted.
New Businesses and Others
Revenue of the New Businesses and Others was ¥1,253 million, down 25.2% year-on-year, and segment loss was ¥1,291 million, compared with segment loss of ¥505 million for the same period of the previous fiscal year.
This section includes initiatives involving AI, as well as various initiatives that aim to reinforce the Group's growth and business portfolio over the medium- to long term, etc.
Overview of Financial Position and Cash Flows
Financial Position
Total assets at the end of the six months ended September 30, 2025 increased by ¥10,695 million compared to the end of the previous fiscal year to ¥404,882 million.
Total current assets decreased by ¥16,240 million compared to the end of the previous fiscal year to
¥126,448 million. This was due mainly to a decrease in trade and other current receivables by ¥21,313 million. Total non-current assets increased by ¥26,935 million compared to the end of the previous fiscal year to
¥278,435 million. This was due mainly to an increase in other non-current financial assets by ¥23,950 million.
Total liabilities at the end of the six months ended September 30, 2025 decreased by ¥20,927 million compared to the end of the previous fiscal year to ¥120,386 million.
Total current liabilities decreased by ¥25,712 million compared to the end of the previous fiscal year to
¥63,083 million. This was due mainly to a decrease in other current liabilities by ¥11,160 million and a decrease in trade and other current payables by ¥8,915 million.
Total non-current liabilities increased by ¥4,785 million compared to the end of the previous fiscal year to
¥57,303 million. This was due mainly to an increase in deferred tax liabilities by ¥5,989 million.
Total equity at the end of the six months ended September 30, 2025 increased by ¥31,622 million compared to the end of the previous fiscal year to ¥284,497 million. This was primarily attributable to an increase in total equity attributable to owners of the parent by ¥32,279 million.
In terms of liquidity, the liquidity ratio and ratio of equity attributable to owners of the parent were 200.4% and 67.7%, respectively, at the end of the six months ended September 30, 2025.
Cash Flows
Cash and cash equivalents (collectively, "cash") at the end of the six months ended September 30, 2025 increased by ¥3,602 million compared to the end of the previous fiscal year to ¥96,404 million. Cash flows in each area of activity and their respective contributing factors are as follows.
(Operating activities)
Net cash provided by operating activities for the six months ended September 30, 2025 was ¥15,055 million, compared to a cash inflow of ¥14,649 million in the same period of the previous fiscal year. The principal cash inflow factor was ¥29,743 million in profit before tax.
(Investing activities)
Net cash used in investing activities for the six months ended September 30, 2025 was ¥1,845 million,
compared to a cash outflow of ¥5,079 million in the same period of the previous fiscal year. The principal cash outflow factor was ¥2,762 million in acquisition of intangible assets.
(Financing activities)
Net cash used in financing activities for the six months ended September 30, 2025 was ¥9,559 million, compared to a cash outflow of ¥5,078 million in the same period of the previous fiscal year. The principal cash outflow factor was ¥7,242 million in cash dividends paid.
Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
There have been no changes to the consolidated financial results forecast announced in the "Consolidated Financial Results for the Three Months Ended June 30, 2025 [IFRS]," released on August 7, 2025.
Condensed Consolidated Financial Statements and Principal Notes
(1) Condensed Consolidated Statement of Financial Position
As of
March 31, 2025
(Millions of yen) As of
September 30, 2025
Assets
Current assets
Cash and cash equivalents | 92,803 | 96,404 |
Trade and other current receivables | 44,543 | 23,230 |
Income taxes receivable | 596 | 10 |
Other current financial assets | 287 | 513 |
Other current assets | 4,459 | 6,290 |
Total current assets | 142,688 | 126,448 |
Non-current assets
Property and equipment | 9,581 | 11,133 |
Right-of-use assets | 22,794 | 21,899 |
Goodwill | 30,361 | 30,361 |
Intangible assets | 19,919 | 19,838 |
Investments accounted for using the equity method | 59,506 | 62,010 |
Other non-current financial assets | 108,473 | 132,423 |
Deferred tax assets | 830 | 734 |
Other non-current assets | 37 | 38 |
Total non-current assets | 251,500 | 278,435 |
Total assets | 394,188 | 404,882 |
Liabilities and equity Liabilities
Current liabilities
As of
March 31, 2025
(Millions of yen) As of
September 30, 2025
Trade and other current payables | 23,609 | 14,694 |
Borrowings | 31,024 | 29,920 |
Lease liabilities | 1,602 | 1,769 |
Income tax payables | 8,619 | 6,871 |
Provisions | 5,728 | 2,406 |
Other current financial liabilities | 1,232 | 1,601 |
Other current liabilities | 16,981 | 5,821 |
Total current liabilities | 88,795 | 63,083 |
Non-current liabilities
Borrowings | 5,125 | 4,680 |
Lease liabilities | 10,655 | 9,788 |
Provisions | 329 | 480 |
Other non-current financial liabilities | 237 | 257 |
Deferred tax liabilities | 35,842 | 41,831 |
Other non-current liabilities | 329 | 267 |
Total non-current liabilities | 52,517 | 57,303 |
Total liabilities | 141,312 | 120,386 |
Equity
Common stock | 10,397 | 10,397 |
Capital surplus | 14,796 | 14,280 |
Retained earnings | 184,544 | 201,081 |
Treasury stock | (20,653) | (20,444) |
Other components of equity | 52,651 | 68,699 |
Total equity attributable to owners of the parent | 241,734 | 274,012 |
Non-controlling interests | 11,142 | 10,484 |
Total equity | 252,875 | 284,497 |
Total liabilities and equity | 394,188 | 404,882 |
(2) Condensed Consolidated Income Statement | ||
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2024 | September 30, 2025 | |
Revenue | 70,262 | 83,151 |
Cost of sales | (36,378) | (34,631) |
Gross profit | 33,885 | 48,521 |
Selling, general and administrative expenses | (27,876) | (24,671) |
Other income | 297 | 1,730 |
Other expenses | (812) | (634) |
Operating profit | 5,493 | 24,946 |
Finance income | 2,053 | 908 |
Finance costs | (1,457) | (471) |
Share of profit (loss) of associates accounted for using the equity method | (157) | 4,360 |
Profit before tax | 5,933 | 29,743 |
Income tax expense | (3,414) | (6,928) |
Profit for the period | 2,519 | 22,815 |
Attributable to: | ||
Owners of the parent | 2,999 | 23,027 |
Non-controlling interests | (481) | (212) |
Profit (loss) for the period | 2,519 | 22,815 |
(Yen) | ||
Earnings per share attributable to owners of the parent: | ||
Basic earnings per share | 26.94 | 206.60 |
Diluted earnings per share | 26.91 | 206.07 |
Condensed Consolidated Statement of Comprehensive Income
Six months ended September 30, 2024
(Millions of yen) Six months ended
September 30, 2025
Profit for the period 2,519
22,815
Other comprehensive income
Components of other comprehensive income that will not be reclassified to profit or loss, net of tax
Gains (losses) from investments in equity (3,192)
instruments, net of tax
17,521
Total other comprehensive income that will not be (3,192)
17,521
reclassified to profit or loss, net of tax
Components of other comprehensive income that may be reclassified to profit or loss, net of tax
Foreign currency translation adjustments, net of tax
365
(30)
Cash flow hedges
(4)
(62)
Other
(3)
1
Total other comprehensive income that may be reclassified to profit or loss, net of tax
357
(92)
Other comprehensive income, net of tax
(2,835)
17,429
Total comprehensive income for the period
(316)
40,244
Attributable to: Owners of the parent
24
39,839
Non-controlling interests
(340)
405
Total comprehensive income for the period
(316)
40,244
Condensed Consolidated Statement of Changes in Equity
For the six months ended September 30, 2024 (From April 1, 2024 to September 30, 2024)
(Millions of yen)
Equity attributable to owners of the parent | Non-controlling interests | Total equity | ||||||
Common stock | Capital surplus | Retained earnings | Treasury stock | Other components of equity | Total | |||
As of April 1, 2024 | 10,397 | 15,750 | 162,578 | (20,757) | 41,237 | 209,204 | 10,821 | 220,025 |
Profit (loss) for the period | - | - | 2,999 | - | - | 2,999 | (481) | 2,519 |
Other comprehensive income | - | - | - | - | (2,976) | (2,976) | 141 | (2,835) |
Total comprehensive income for the period | - | - | 2,999 | - | (2,976) | 24 | (340) | (316) |
Dividends recognized as distributions to owners | - | - | (2,227) | - | - | (2,227) | (63) | (2,290) |
Increase (decrease) through treasury stock transactions | - | (10) | - | 10 | - | (0) | - | (0) |
Increase (decrease) through share-based payment transactions | - | 22 | - | - | 19 | 41 | - | 41 |
Transfer to capital surplus from retained earnings | - | 5 | (5) | - | - | - | - | - |
Acquisition, disposal and other changes of non-controlling interests | - | (98) | - | - | - | (98) | 56 | (42) |
Increase (decrease) through transfers and other changes | - | (15) | - | - | - | (15) | (6) | (21) |
As of September 30, 2024 | 10,397 | 15,653 | 163,346 | (20,747) | 38,279 | 206,928 | 10,469 | 217,397 |
For the six months ended September 30, 2025 (From April 1, 2025 to September 30, 2025)
(Millions of yen)
Equity attributable to owners of the parent | Non-controlling interests | Total equity | ||||||
Common stock | Capital surplus | Retained earnings | Treasury stock | Other components of equity | Total | |||
As of April 1, 2025 | 10,397 | 14,796 | 184,544 | (20,653) | 52,651 | 241,734 | 11,142 | 252,875 |
Profit (loss) for the period | - | - | 23,027 | - | - | 23,027 | (212) | 22,815 |
Other comprehensive income | - | - | - | - | 16,812 | 16,812 | 617 | 17,429 |
Total comprehensive income for the period | - | - | 23,027 | - | 16,812 | 39,839 | 405 | 40,244 |
Dividends recognized as distributions to owners | - | - | (7,241) | - | - | (7,241) | (42) | (7,283) |
Increase (decrease) through treasury stock transactions | - | (84) | - | 209 | (54) | 71 | - | 71 |
Increase (decrease) through share-based payment transactions | - | (22) | - | - | 79 | 57 | - | 57 |
Acquisition, disposal and other changes of non-controlling interests | - | (528) | - | - | - | (528) | 665 | 137 |
Changes resulting from loss of control of subsidiaries | - | - | - | - | - | - | (1,673) | (1,673) |
Increase (decrease) through transfers and other changes | - | 118 | 751 | - | (789) | 80 | (11) | 69 |
As of September 30, 2025 | 10,397 | 14,280 | 201,081 | (20,444) | 68,699 | 274,012 | 10,484 | 284,497 |
(5) Condensed Consolidated Statement of Cash Flows | ||
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2024 | September 30, 2025 | |
Operating activities | ||
Profit before tax | 5,933 | 29,743 |
Depreciation and amortization | 2,407 | 3,401 |
Loss (gain) on sale of shares of subsidiaries and associates | - | (1,296) |
Increase (decrease) in provision for bonuses | (109) | (3,321) |
Loss (gain) on investments in securities | 25 | 172 |
Interest and dividend income | (1,385) | (795) |
Interest expenses | 125 | 188 |
Share of loss (profit) of associates accounted for using the equity 157 (4,360) | ||
method | ||
Decrease (increase) in trade and other current receivables | 11,579 | 20,932 |
Increase (decrease) in trade and other current payables | (4,070) | (8,774) |
Increase (decrease) in accrued consumption taxes | 243 | (2,397) |
Increase (decrease) in advances received | (8,131) | (8,913) |
Other, net | 1,865 | (755) |
Subtotal | 8,639 | 23,826 |
Interest and dividends received | 1,289 | 855 |
Interest paid | (72) | (107) |
Income tax paid | (1,016) | (9,709) |
Income tax refund | 5,810 | 191 |
Net cash flows from (used in) operating activities | 14,649 | 15,055 |
Investing activities | ||
Proceeds from sales of subsidiaries or other businesses | - | 318 |
Sales of subsidiaries or other businesses, net of cash acquired | (27) | (82) |
Proceeds from sales of shares of associates | - | 823 |
Purchase of shares of associates | (401) | (450) |
Proceeds from sales and redemption of investment securities | 226 | 1,636 |
Purchases of investment securities | (1,150) | (817) |
Acquisition of property and equipment | (1,179) | (2,137) |
Acquisition of intangible assets | (2,571) | (2,762) |
Proceeds from distribution of residual assets | - | 1,419 |
Other, net | 22 | 207 |
Net cash flows from (used in) investing activities | (5,079) | (1,845) |
Financing activities | ||
Net increase (decrease) in short-term borrowings | (1,986) | (1,100) |
Proceeds from long-term borrowings | - | 10 |
Repayments of long-term borrowings | - | (420) |
Repayments of lease liabilities | (856) | (984) |
Cash dividends paid | (2,228) | (7,242) |
Proceeds from share issuance to non-controlling interests | 3 | 643 |
Payments for acquisition of interests in subsidiaries from non- controlling interests | (0) | (520) |
Cash dividends paid to non-controlling shareholders | (20) | (121) |
Proceeds from disposition of treasury stock | 10 | 176 |
Other, net | (0) | (0) |
Net cash flows from (used in) financing activities | (5,078) | (9,559) |
Net increase (decrease) in cash and cash equivalents | 4,492 | 3,651 |
Cash and cash equivalents at beginning of period | 71,396 | 92,803 |
Effect of exchange rate changes on cash and cash equivalents | (251) | (50) |
Cash and cash equivalents at end of period | 75,637 | 96,404 |
Notes on Going Concern Assumption
Not applicable.
Notes to Condensed Consolidated Financial Statements
Segment information
Outline of reportable segments
The Group principally provides Internet services for mobile and PC users and organizes business divisions by type of service. Each of these business divisions formulates comprehensive business strategies for the services it provides, and undertakes related business activities.
Therefore, the Group is composed of operating segments classified by the types of services provided. The four reportable segments of the Group are classified as the "Game Business," "Live Streaming Business," "Sports Business" and "Healthcare & Medical Business."
The types of services provided by each segment classification are shown in the table below:
Segment classification
Type of service
Game Business
Game for mobile devices-related services (provided in Japan and internationally)
Principal services: Distribution of game apps, Mobage, etc.
Live Streaming Business
Live streaming-related services (provided in Japan and
internationally)
Principal services: Pococha, IRIAM, etc.
Sports Business
Sports-related services (provided in Japan)
Principal services: Yokohama DeNA BayStars Baseball Club, operation of the Yokohama Stadium, Kawasaki Brave Thunders,
S.C. Sagamihara, etc.
Healthcare & Medical Business
Healthcare and medical-related services (provided in Japan and
internationally)
Principal services: Provision of health big data-related services,
Join and other medical digital transformation-related services, etc.
New Businesses and Others
New businesses and other services (provided in Japan)
Principal business domains: New businesses, etc.
Revenue, profit or loss, and other items by reportable segment
Accounting policies for reportable segments are identical to those of the Group in the consolidated financial statements for the previous fiscal year.
Intersegment revenue is calculated based on external market prices.
Revenue, profit or loss, and other items of the Group's reportable segments are as follows:
For the six months ended September 30, 2024 (From April 1, 2024 to September 30, 2024)
Live
Healthcare &
New
(Millions of yen)
Revenue
Game
Business
Streaming Business
Sports
Business
Medical Business
Businesses
and Others *2
Adjustments
*3
Total
Revenue from external
customers
22,488
20,639
21,442
4,023
1,671
-
70,262
Intersegment revenue
60
-
111
9
4
(185)
-
Total
22,548
20,639
21,553
4,032
1,674
(185)
70,262
Segment profit (loss) *1
2,380
(797)
7,484
(2,631)
(505)
77
6,008
Other income (expenses), net
(515)
Operating profit
5,493
Finance income (costs), net
596
Share of profit (loss) of associates accounted for
(157)
using the equity method
Profit before tax
5,933
(Notes) 1 Segment profit (loss) is calculated by deducting cost of sales and selling, general and administrative expenses from revenue.
"New Businesses and Others" refer to operating segments that do not fall into any of the reportable segments, including E-commerce business and other new businesses.
Adjustments in segment profit (loss) represent corporate expenses, which primarily include general and administrative expenses not attributable to any of the reportable segments.
For the six months ended September 30, 2025 (From April 1, 2025 to September 30, 2025)
Live
Healthcare &
New
(Millions of yen)
Revenue
Game
Business
Streaming Business
Sports
Business
Medical Business
Businesses
and Others *2
Adjustments
*3
Total
Revenue from external
customers
33,499
20,269
24,480
3,699
1,204
-
83,151
Intersegment revenue
75
-
78
17
49
(219)
-
Total
33,574
20,269
24,558
3,716
1,253
(219)
83,151
Segment profit (loss) *1
17,039
2,265
8,976
(2,327)
(1,291)
(812)
23,850
Other income (expenses), net
1,096
Operating profit
24,946
Finance income (costs), net
437
Share of profit (loss) of associates accounted for
4,360
using the equity method
Profit before tax
29,743
(Notes) 1 Segment profit (loss) is calculated by deducting cost of sales and selling, general and administrative expenses from revenue.
"New Businesses and Others" refer to operating segments that do not fall into any of the reportable segments, including new businesses.
Adjustments in segment profit (loss) represent corporate expenses, which primarily include general and administrative expenses not attributable to any of the reportable segments.
Earnings per share
The basis for calculating earnings per share attributable to owners of the parent for the six months ended September 30, 2024 and 2025 are as follows:
Six months ended September 30, 2024
(From April 1, 2024 to
September 30, 2024)
Six months ended September 30, 2025
(From April 1, 2025 to
September 30, 2025)
Profit for the period attributable to owners of the parent (Millions of yen)
Profit for the period adjustments
Adjustments for dilutive shares issued by subsidiaries
2,999
-
23,027
-
Profit for the period used to calculate diluted earnings per share
2,999
23,027
Weighted average number of common shares outstanding during the period-basic (Shares)
111,352,739
111,456,170
Effect of dilutive potential common shares:
Stock options, etc. (Shares)
110,413
289,915
Weighted average number of common shares
outstanding during the period-diluted (Shares)
111,463,152
111,746,085
Earnings per share attributable to owners of the parent (Yen)
Basic earnings per share
26.94
206.60
Diluted earnings per share
26.91
206.07
Significant subsequent events Not applicable.