DeNA Co., Ltd.

DeNA reported first quarter net income of ¥33,438 million for the period ended June 30, 2026, a sharp increase from ¥11,203 million a year earlier, even as sales declined to ¥37,166 million from ¥41,727 million. The company’s board has been considering a treasury stock cancellation and revising internal controls. The share price stood at ¥2,462, with a popular narrative suggesting a fair value of ¥2,650 per share, implying modest undervaluation, while a discounted cash flow model points to a fair value of ¥1,379.53, indicating the stock may be expensive. DeNA’s sports business is seen as a growing and diversified revenue base, but heavy reliance on a few flagship gaming titles and revenue pressure in live streaming pose risks to the valuation narrative.

After the close on the 5th, multiple companies announced share buybacks or cancellations. DeNA will cancel 19,109,700 shares, representing 15.6% of its outstanding shares, effective August 31. Mercari will conduct a share buyback of up to 4 million shares, or 2.4% of outstanding shares excluding treasury stock, with a maximum value of 10 billion yen, from August 6 to October 30, and will cancel all acquired shares on November 12. Epson will acquire up to 17 million shares, or 5.31% of outstanding shares, with a cap of 30 billion yen, from August 7 through March 31, 2027. Sanyo Chemical will buy back up to 500,000 shares for a maximum of 2.5 billion yen, and will also cancel 1 million shares. In addition, Arc Core, Ryobi, Techno Medica, Yokohama FG, Sanshin Electronics, Toyo Tec, and Fuji Kyuko also announced share buybacks or cancellations.