Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
401
Hundred millions of yenWording
Conditional
How definitive the wording is.This transaction
Secondary offering of sharesCounterparty (target company)GO Inc.
Disclosing companyDeNA Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date16 June 2026 (settlement date)
Consideration and expenses
Acquisition priceTotal sale proceeds: ¥36,569 million
Type of ConsiderationCash
Amount of extraordinary income (loss)Gain on equity-method investment: approximately ¥40.1 billion (consolidated financial statements for the fiscal year ending March 2027); gain on sale of shares in an affiliate: approximately ¥35.3 billion (non-consolidated financial statements for the fiscal year ending March 2027)
Impact on Business Performance
We expect to record a gain on equity-method investment of approximately ¥40.1 billion in the consolidated financial statements and a gain on sale of shares in an affiliate of approximately ¥35.3 billion in the non-consolidated financial statements for the fiscal year ending March 2027. There is no change to the full-year consolidated earnings forecast.
Procedures and assumptions
Management structure after acquisitionFollowing the offering, GO Inc. will no longer qualify as an equity-method affiliate of our company. Other details concerning the management structure, corporate name and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Secondary offering of shares |
| Counterparty name | GO Inc. |
| Name of the Subject Company | GO Inc. |
| Acquisition price | Total sale proceeds: ¥36,569 million |
| Type of Consideration | Cash |
| Number of shares acquired | 16,124,000 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 25.75% → after 4.99% |
| Amount of extraordinary income (loss) | Gain on equity-method investment: approximately ¥40.1 billion (consolidated financial statements for the fiscal year ending March 2027); gain on sale of shares in an affiliate: approximately ¥35.3 billion (non-consolidated financial statements for the fiscal year ending March 2027) |
| Impact on Business Performance | We expect to record a gain on equity-method investment of approximately ¥40.1 billion in the consolidated financial statements and a gain on sale of shares in an affiliate of approximately ¥35.3 billion in the non-consolidated financial statements for the fiscal year ending March 2027. There is no change to the full-year consolidated earnings forecast. |
| Execution Date / Effective Date | 16 June 2026 (settlement date) |
| Management structure after acquisition | Following the offering, GO Inc. will no longer qualify as an equity-method affiliate of our company. Other details concerning the management structure, corporate name and treatment of employees: Not disclosed |
Items this document does not state (21)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.We sold a portion of our holdings in connection with GO Inc.'s listing on the Tokyo Stock Exchange Growth Market. We also intend to appropriately allocate and utilize the funds, including those from this transaction, based on the priorities previously announced.
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