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DeNA sees FY12 sales up 38% to $2 billion as profit hits $775 million

West generating around $70 million a quarter

DeNA sees FY12 sales up 38% to $2 billion as profit hits $775 million
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| DeNA financial news

Japanese mobile social gaming company DeNA (TYO:2432), has announced its figures for its 2012 financial year, the 12 months ending 31 March 2013.

Total revenue was ¥203 billion (approximately $2 billion), up 38 percent year-on-year.

Operating profit was ¥76.8 billion ($775 million), up 28 percent.

"DeNA's full-year revenues and operating profits increased for the ninth consecutive year, representing growth every year since the company went public," said CEO and president Isao Moriyasu.

"We will continue to pursue aggressive growth worldwide for our mobile internet business, especially in the mobile social games sector."

Growing west

During Q4, sales were ¥52.3 billion yen ($528 million), up 22 percent.

Operating profit during the three months was ¥18.2 billion ($184 million).

DeNA noted that consumption of its MobaCoin platform virtual currency in Japan dropped 2.5 percent during the quarter to $588 million.

However, international consumption continues to grow. Although it didn't give precise numbers, it says it is 'approaching $70 million' on a quarterly basis.

This has been driven by the success of titles such as Rage of Bahamut, MARVEL: War of Heroes and Blood Brothers - a title we recently considered in our Charticle feature.

DeNA says it plans to "turn Mobage West into a profitable operation during the summer".

The company ended the fiscal year with cash and cash equivalents of $680 million

[source: DeNA]