TOKYO, May 9, 2013 (GLOBE NEWSWIRE) -- DeNA Co., Ltd. (Tokyo: 2432), the global leader in mobile Internet services, today announced its financial results for the quarter and the fiscal year ended March 31, 2013. DeNA reported quarterly revenue of 52.3 billion yen (approximately $528 million*), 22 percent higher than the same quarter last year, and operating profit of 18.2 billion yen ($184 million), 3 percent higher than the same quarter of the previous year. DeNA concluded a successful fiscal year with record-high 202.5 billion yen in revenue ($2.04 billion) and 76.8 billion yen in operating profit ($775 million), up 38 and 28 percent respectively.
"DeNA's full-year revenues and operating profits increased for the ninth consecutive year, representing growth every year since the company went public," said Isao Moriyasu, President and CEO of DeNA. "We will continue to pursue aggressive growth worldwide for our mobile Internet business, especially in the mobile social games sector."
| Financial Summary | ||||||
| (Billion yen) | ||||||
| Item |
Q4 FY2012 |
Q4 FY2011 |
YoY Change |
FY2012 | FY2011 |
YoY Change |
| Revenue | 52.3 | 42.8 | 22% | 202.5 | 146.5 | 38% |
| Operating profit | 18.2 | 17.6 | 3% | 76.8 | 60.3 | 28% |
| Profit before tax | 20.6 | 17.9 | 15% | 79.2 | 60.3 | 31% |
|
Profit for the period attributable to owners of the parent |
12.1 | 9.4 | 29% | 45.6 | 31.1 | 46% |
| Note: DeNA adopted International Financial Reporting Standards (IFRS) from Q1 FY2012. Throughout this press release all references to FY2011 figures have been restated in accordance with IFRS. | ||||||
Fourth Quarter FY2012 Business Highlights
- MobaCoin consumption in Japan was 58.3 billion yen ($588 million), 2.5 percent lower than the previous quarter.
- Overseas MobaCoin consumption showed strong and steady quarter-to-quarter increase, approaching $70 million.
- Increased user engagement drove monetization growth. As a result, Mobage titles occupied top ranks in U.S. Google Play's top-grossing chart.
- DeNA and Nexon formed a global business alliance to bring new Nexon-developed games to Mobage networks.
- Groovy, DeNA's new music player app was launched in Japan.
FY 2012 Business Highlights
- MobaCoin consumption in Japan was 228.5 billion yen ($2.31 billion), 41 percent higher than the previous fiscal year.
- Overseas MobaCoin consumption grew substantially with strong and steady growth every quarter during the fiscal year with hit titles such as Rage of Bahamut, MARVEL: War of Heroes and Blood Brothers.
- Successfully addressed the regulatory matters concerning "complete gacha" quickly and maintained our growth of Mobage business in Japan during that time.
- MobaCoin consumption on smartphones exceeded feature phones in Japan in September 2012, proving that the transition of Mobage users onto smartphones has been a success.
- Three Mobage titles dominated the top three spots on U.S. Google Play's top-grossing chart in December 2012.
- Launched two new mobile Internet services, Comm and Groovy.
- Formed or strengthened multiple business alliances with key industry players to either develop new games or provide our games to a broader user base outside Mobage.
- Maintained strong financial results through enhanced game operations of existing first-, second- and third-party titles.
Business Strategy for Fiscal 2013
- Aggressively launch many native-app titles in Japan, utilizing knowledge accumulated from Mobage West's success.
- Form alliances with developers, specializing in both browser and app-based games, to launch an increasing number of new titles targeting multiple genres.
- Continue to develop and launch new mobile Internet services in addition to mobile games.
- Turn Mobage West into a profitable operation during the summer.
First Quarter FY2013 Forecast
- Revenues are projected to be 53.9 billion yen.
- Operating profit is projected to be 17.4 billion yen.
- Profit for the period attributable to owners of the parent is projected to be 9.7 billion yen.
* Dollar values reported were translated at 99.13 Japanese yen per U.S. dollar, which was the Telegraphic Transfer Middle Rate (TTM) per the Bank of Tokyo-Mitsubishi UFJ as of May 7, 2013.
About DeNA
DeNA is a global leader in mobile Internet services focused on social games and e-commerce. DeNA operates the Mobage platform, which offers freemium mobile social games developed by DeNA and third-party developers on multiple user networks localized for the West, Japan, Greater China and Korea. Founded in 1999, DeNA is headquartered in Tokyo with offices and development studios in 10 countries and regions. DeNA Co., Ltd. is listed on the Tokyo Stock Exchange (2432). For more information, visit: dena.com
The forecast data contained in this press release have been determined based on the information available as of May 9th, 2013, but may contain an element of uncertainty. Please be aware that the actual performance data and similar information are subject to influence from diverse factors, and may differ from the forecasts presented herein.
| Consolidated Financial Statements | |||
| Consolidated Statement of Financial Position | |||
| (Millions of yen) | |||
|
As of April 1, 2011 |
As of March 31, 2012 |
As of March 31, 2013 |
|
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | 61,535 | 54,890 | 67,337 |
| Trade and other current receivables | 22,827 | 38,997 | 45,946 |
| Other current financial assets | 157 | 1,079 | 1,123 |
| Other current assets | 1,712 | 2,583 | 4,421 |
| Total current assets | 86,232 | 97,548 | 118,827 |
| Non-current assets | |||
| Property and equipment | 1,247 | 1,801 | 4,135 |
| Goodwill | 28,619 | 35,245 | 39,437 |
| Intangible assets | 2,269 | 5,295 | 8,719 |
| Investments accounted for using the equity method | -- | 349 | 8,044 |
| Other non-current financial assets | 3,904 | 9,552 | 8,702 |
| Deferred tax assets | 4,315 | 3,377 | 6,887 |
| Other non-current assets | 12 | 57 | 34 |
| Total non-current assets | 40,366 | 55,675 | 75,957 |
| Total assets | 126,598 | 153,223 | 194,784 |
| (Millions of yen) | |||
|
As of April 1, 2011 |
As of March 31, 2012 |
As of March 31, 2013 |
|
| Liabilities and equity | |||
| Liabilities | |||
| Current liabilities | |||
| Trade and other current payables | 12,995 | 25,738 | 30,034 |
| Income tax payables | 21,229 | 15,197 | 21,645 |
| Other current financial liabilities | 5,163 | 6,766 | 8,743 |
| Other current liabilities | 5,759 | 6,969 | 9,461 |
| Total current liabilities | 45,146 | 54,670 | 69,882 |
| Non-current liabilities | |||
| Non-current provisions | 214 | 232 | 949 |
| Other non-current financial liabilities | 12 | 11 | 15 |
| Other non-current liabilities | 35 | 265 | 262 |
| Total non-current liabilities | 261 | 508 | 1,226 |
| Total liabilities | 45,406 | 55,178 | 71,108 |
| Equity | |||
| Common stock | 10,392 | 10,397 | 10,397 |
| Capital surplus | 10,419 | 11,189 | 10,361 |
| Retained earnings | 61,818 | 87,941 | 127,927 |
| Treasury stock | (5,225) | (15,626) | (34,724) |
| Other components of equity | 994 | 776 | 5,298 |
| Total equity attributable to owners of the parent | 78,398 | 94,677 | 119,259 |
| Non-controlling interests | 2,793 | 3,369 | 4,416 |
| Total equity | 81,191 | 98,045 | 123,676 |
| Total liabilities and equity | 126,598 | 153,223 | 194,784 |
| Consolidated Income Statement | ||
| (Millions of yen) | ||
|
Fiscal year ended March 31, 2012 |
Fiscal year ended March 31, 2013 |
|
| Revenue | 146,501 | 202,467 |
| Cost of sales | (29,553) | (56,604) |
| Gross profit | 116,948 | 145,863 |
| Selling, general and administrative expenses | (56,885) | (69,075) |
| Other income | 508 | 603 |
| Other expenses | (308) | (551) |
| Operating profit | 60,262 | 76,840 |
| Finance income | 1,383 | 2,549 |
| Finance costs | (1,271) | (273) |
| Share of profit (loss) of associates accounted for using the equity method | (25) | 99 |
| Profit before tax | 60,349 | 79,215 |
| Income tax expense | (28,734) | (32,481) |
| Profit for the year | 31,615 | 46,735 |
| Attributable to: | ||
| Owners of the parent | 31,137 | 45,581 |
| Non-controlling interests | 478 | 1,153 |
| Profit for the year | 31,615 | 46,735 |
| (Yen) | ||
| Earnings per share | ||
| Basic earnings per share | 213.13 | 333.34 |
| Diluted earnings per share | 212.01 | 332.35 |