0. Corporate & Business Summary

1. Current Business Segment Breakdown (JP)
DeNA Travel Corporate Summary
Founded in 1979, headquartered in Tokyo, Japan as Air Link Co., Ltd. (changed to DeNA Travel Co., Ltd. In June, 2015)
100% subsidiary of DeNA Co., Ltd.
250+ full-time and part-time Employees
DeNA Travel JP ( has 1.6 million+ MUV (Monthly Unique Visitors) and 18 million+ monthly page views
50.2 billion+ JPY gross booking (2015)
476 thousand+ seats / year (JP)
350 thousand+ room nights / year (JP)
Current Business Segment Breakdown (JP) 1

2. Growth of Gorss booking
billionYen
CAGR=38％
Estemate 2

3. Mobile Entertainment Apps
Member of DeNA Group
100% subsidiary of DeNA Co., Ltd. since 2006, a global leading gaming platform & EC service provider.
60 million+ registered users in the world, including 5 million+ E-Commerce customers.
DeNA is listed in TSE and its current market cap is over 2 billion USD.
Currently, DeNA TRAVEL integrated user ID with other DeNA’s E-Commerce services and expects tremendous growth in MUV this year.
DeNA is well known brand name in Japan for its baseball club, called “DeNA Baystars”.
Gaming Platform
Travel
Mobile Entertainment Apps
Baseball Club
E-Commerce 3

4. DeNA Travel Business Portfolio
Global Markets
Destinations
Outbound
Domestic
Product Types
Flight Tickets
Hotels
Flight + Hotels
Package Tours
Japan
(Since 1979) AU
(Apr. 2015) HK
(Aug. 2015) NZ
(Dec. 2015) TH
(Mar. 2016) TW
(May. 2016) SG
(Aug. 2016)
Also has Travel Insurance and Business Travel Management services. 4

5. DeNA Travel Websites http://www.skygate.co.jp/
Japan Outbound & Domestic
Global Outbound & Domestic
(Started Apr. 2015) 5

6. Flight & Train Supplier Meta-Search & Travel Portal
Top10 Travel Website in Japan
DeNA TRAVEL ranked among top10 Japanese travel websites, No.2 among Japanese OTAs.
Monthly Unique Visitors in million
Hotel Booking Agent
Flight & Train Supplier
Meta-Search & Travel Portal
OTA
Source: WhoCusWright, Inc. “Japan Online Travel Overview Report” 6

7. Top in Japan Outbound Travel
DeNA Travel ranks Top 9 in Japan outbound sales among Japan travel agencies (No. 1 of Pure Online Agencies)
（2015 April～2016 March）
ＮＯ．１
Outbound
Forigner
Domestic
Total
Campany Name
Gross
last year
YoY
1000JPY ％ 1
JTB
711,298,298
778,450,294
91.4
75,143,701
51,941,903
144.7
2,188,634,326
1,997,393,484
109.6
2,975,076,325
2,827,785,681
105.2 2
HIS
345,128,197
365,071,233
94.5
24,040,111
15,717,314
153.0
59,328,866
52,778,057
112.4
428,497,174
433,566,604
98.8 3
Hankyu
162,588,125
197,688,567
82.2
2,169,158
1,339,071
162.0
130,606,313
133,511,009
97.8
295,363,596
332,538,647
88.8 4
NTA
120,596,747
141,183,803
85.4
31,015,467
22,137,361
140.1
276,122,484
256,441,038
107.7
427,734,698
419,762,202
101.9 5
KNT
75,935,256
86,074,463
88.2
14,858,709
12,483,426
119.0
240,456,859
234,239,858
102.7
331,250,824
332,797,747
99.5 6
Jalpack
56,325,000
63,434,157
16,706
20,674
80.8
123,182,378
110,186,301
111.8
179,524,084
173,641,132
103.4 7
Clubtourism
53,069,116
55,785,699
95.1
536,093
315,113
170.1
117,813,164
114,565,859
102.8
171,418,373
170,666,671
100.4 8
TPI
46,256,153
50,013,575
92.5
　　－　　 9
DeNATravel
44,268,499
38,284,167
115.6
3,150,672
2,777,536
1,696,527
163.7
50,196,707
39,980,694
125.6 10
Nisshin
43,857,358
44,622,940
98.3
4,520,266
4,781,749
48,377,624
49,404,689
97.9 11
Hankyu-Hanshin
40,369,204
37,005,633
109.1
3,272,746
3,321,591
98.5
43,641,950
40,327,224
108.2 12
MO Tourist
37,614,051
36,475,448
103.1
47,838
71,328
67.1
3,399,711
3,574,542
41,061,600
40,121,318
102.3 13
NittuTravel
37,166,035
41,274,873
90.0
934,652
754,810
123.8
7,411,847
7,382,034
45,512,534
49,411,717
92.1 14
Tobu-Top Tour
33,776,004
35,461,752
95.2
6,209,956
5,452,958
113.9
108,077,577
107,277,640
100.7
148,063,537
148,192,350
99.9 15
Yusen Travel
30,197,979
31,403,582
96.2
2,175,191
2,246,089
96.8
32,373,170
33,649,671 16
NOE
26,683,999
27,578,091
169,333
60,002
282.2
1,289,666
1,078,154
119.6
28,142,998
28,716,247
98.0 17
United Tours
24,298,551
26,784,658
90.7 18
ANA Sales
22,144,000
27,470,989
80.6
2,136,000
1,482,032
144.1
180,719,100
181,308,597
99.7
204,999,100
210,261,618
97.5 19
Hitachi Travel
18,370,686
19,965,847
92.0
73,173
75,907
96.4
10,187,373
9,804,385
103.9
28,631,232
29,846,139
95.9 20
Rakuten
15,664,681
15,902,663
7,304,263
4,159,082
175.6
438,876,204
376,046,581
116.7
461,845,148
396,108,326
116.6 21
Nishitetsu
15,120,525
17,033,634
392,682
389,221
100.9
22,739,447
22,491,135
101.1
38,252,654
39,913,990
95.8 22
Meitetsu
13,014,903
15,577,582
83.5
1,481,769
1,189,228
124.6
74,909,873
72,553,813
103.2
89,406,545
89,320,623
100.1 23
PTS
9,267,138
11,716,293
79.1
99,473
112,274
88.6
12,155,344
12,017,794
21,521,955
23,846,361
90.3 24
Noukyo
8,641,602
9,377,331
92.2
1,854,940
1,248,042
148.6
66,347,660
65,257,088
101.7
76,844,202
75,882,461
101.3 25
Yomiuri
8,079,650
8,567,313
94.3
24,454
7,249
337.3
43,607,941
44,495,727
51,712,045
53,070,289
97.4 26
Big Holiday
5,030,254
5,132,533
58,026,693
56,529,713
102.6
63,056,947
61,662,246 27
TABIX Japan
4,825,902
6,116,479
78.9
88,240
25,464,048
22,985,323
110.8
30,378,190
29,101,802
104.4 28
Keio
4,390,229
4,786,210
91.7
524,961
516,020
19,941,716
19,601,678
24,856,906
24,903,908
99.8 29
Okinawa Tourist
1,576,316
1,693,615
93.1
1,166,768
1,236,538
94.4
31,936,928
29,928,955
106.7
34,680,012
32,859,108
105.5 30
JR Tokai tours
1,549,655
1,720,768
90.1
381,323
212,648
179.3
96,979,975
93,987,506
98,910,953
95,920,922 31
JR kyusyu
988,802
1,190,248
83.1
23,187,259
23,196,849
100.0
24,176,061
24,387,097
99.1 32
JAL sels
536,414
936,664
57.3
43,008,183
42,776,085
100.5
43,544,597
43,712,749
99.6
合　　　　　　　　　計
2,018,629,329
2,203,781,104
91.6
173,820,442
120,922,201
143.7
4,417,156,674
4,103,455,161
107.6
6,609,606,445
6,428,158,466
Source: Japan Tourism Agency “Primary Travel Agencies Sales Report, May. 2016” 7

8. User Growth Over 6 Years
DeNA Travel’s number of visitors and conversion rates (look-to-book ratio) kept on growing over the past 6 years. 8

9. DeNA Travel Competitive Advantages
Competitive Product Base
Flight Tickets
Multi-GDS
LCC Booking Engine
Hotels
Multi-Channel Sources
Package &
Flight + Hotels
Package Tour Distribution
Local Travel Packages
Competitive Regional Fares
Fully Automated System 9

10. DeNA Travel Competitive Advantages
Multi-GDS
Competitive Product Base
Only OTA in Japan that provides multi-GDS &
200+ carriers searchable.
Travelport (Strong in North America)
Flight Tickets
Multi-GDS
INFINI (Strong in Asia)
LCC Booking Engine
Amadeus (Strong in Europe)
Hotels
Multi-Channel Sources
Package &
Flight + Hotels
LCC Booking Engine
Package Tour Distribution
travelfusion (GDS for LCCs)
Local Travel Packages
Competitive Regional Fares
LCC direct connections
Fully Automated System
and more… 10

11. DeNA Travel Competitive Advantages
Multi-Hotel Channels
Expedia (Global Leading Hotel Provider)
Agoda (Strong in Asia)
Booking.com (Strong in Europe)
No.1 or 2 Land Operators in each region
Competitive Product Base
Only OTA in Japan that provides
150k+ hotels worldwide
Flight Tickets
Multi-GDS
LCC Booking Engine
Hotels
Multi-Channel Sources
Package Tour Distribution
Package &
Flight + Hotels
Package Tour Distribution
Static Tour:
Designed (pre-organized)
Air + Hotel Packages
Local Travel Packages
Competitive Regional Fares
Dynamic Tour:
System Mix-Matched
Semi-Customized Packages
Fully Automated System 11

12. DeNA Travel Competitive Advantages
Local Travel Packages
Partnering with JTB to provide
local travel experiences
at all regions across the globe.
Competitive Product Base
Flight Tickets
Multi-GDS
LCC Booking Engine
Hotels
Multi-Channel Sources
Competitive Regional Fares
Package &
Flight + Hotels
Package Tour Distribution
Partnering with regional
consolidators & wholesalers
to secure regional-based
private fares.
Local Travel Packages
Competitive Regional Fares
Fully Automated System 12

13. DeNA Travel Competitive Advantages
Select Search Category (ex: international / domestic)
Select detail Search conditions (ex: dates, routes, # of passengers)
See & Adjust Search Results
Select Product
&
Input Passenger Information
Select Payment Method & Input Payment Information
Payment Processed & Receive Confirmed Itinerary
From searching  booking  ticketing
all processed online & in real time. 1 2 3 4 5 6
Competitive Product Base
Flight Tickets
Multi-GDS
LCC Booking Engine
Hotels
Multi-Channel Sources
Package &
Flight + Hotels
Package Tour Distribution
Local Travel Packages
Competitive Regional Fares
Fully Automated System
Credit Card 72%
Bank Transfer 14%
Convenient Stores 13% 13

14. DeNA Travel Competitive Advantages
Competitive Product Base
Strong Backup Office
Flight Tickets
Excellent Operation &
Customer Service
(HDI Japan 3-Stars in 3 consecutive years)
Multi-GDS
LCC Booking Engine
Hotels
Multi-Channel Sources
System Engineering (Optimization of Distribution Products for Travelers to Mix-Match)
Package &
Flight + Hotels
Package Tour Distribution
Local Travel Packages
Marketing Capabilities
(Online Customer Acquisition Methods Create High Conversion Rates)
Competitive Regional Fares
Fully Automated System 14

15. For more information:
Corporate Website DeNA Travel (JP) DeNA Travel (AU) DeNA Travel (NZ) DeNA Travel (HK) DeNA Travel (TH) DeNA Travel (TW)