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DeNA Co., Ltd.

2432.TIndustrialsTSE

Conglomerates

PriceMA150MA200
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Financials · Annual
Revenue
$164.00B
+19.9% YoY
Net Income
$24.19B
+184.3% YoY
EBITDA
$38.15B
+283.7% YoY
Free Cash Flow
$19.09B

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About DeNA Co., Ltd.

Headquartered within the industrials sector, DeNA Co., Ltd. focuses on Conglomerates services and products. DeNA Co., Ltd. develops and operates mobile and online services worldwide. The $275.53B market capitalization puts 2432.T squarely in mega-cap range for its industry. It operates Mobage, an entertainment platform; Yahoo! Mobage, which offers social games for PC browsers; AndApp, a platform that allows users to play mobile game apps on PC browsers under the same user account; Pococha, a social live streaming community; and IRIAM, an app which allows to livestream as an anime character.

Key stats
Market Cap$275.53B
P/E (TTM)15.67
Fwd P/E28.14
EPS$171.06
Beta0.13
52W Change+0.8%
Dividend Yield2.43%
ROE7.5%
Analysis

The balance sheet looks solid with $103.05B in cash comfortably exceeding the $17.10B debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow comes in at $19.09B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 7.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $130.87B (2022) to $164.00B (2025), reflecting a 25% increase over the period.

The relatively low beta of 0.13 suggests 2432.T is a less volatile holding compared to the broader index. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for DeNA Co., Ltd. and its sector.

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