Cygames

Top Grossing Mobile Games in Japan (2025 & 2026)

The Japanese mobile gaming market remains a distinct and highly lucrative landscape characterized by a significant divide between revenue-generating titles and high-volume download leaders.

• Japan generates 11.5% of global mobile gaming revenue from only 2.0% of the world's mobile players, highlighting an exceptionally high average revenue per user (ARPU) market.
• The Japanese mobile market is dominated by domestic gacha and RPG titles, with long-running franchises like Monster Strike, Fate/Grand Order, and Uma Musume consistently securing top revenue positions.
• In 2025, Pokémon TCG Pocket and Last War: Survival led the market in revenue with $326.1 million and $326.0 million respectively, though Pokémon TCG Pocket's revenue cooled to eighth place by mid-2026.

CyberAgent Semi-Annual Report: 29th Term

The CyberAgent Semi-Annual Report for the 29th term, covering the period from October 1, 2025, to March 31, 2026, outlines a period of significant financial growth for the company.

• CyberAgent achieved record-breaking interim performance for the period ending March 31, 2026, with consolidated net sales reaching 478.58 billion yen, a 13.6% year-over-year increase.
• Operating profit surged by 79.8% to 52.46 billion yen, while net income attributable to owners of the parent rose by 72.3% to 27.34 billion yen.
• The Gaming segment served as the primary profit driver, recording a 106.3% increase in operating profit to 38.60 billion yen, bolstered by international expansion and existing title performance.

DeNA Consolidated Financial Results for the Fiscal Year Ended March 31, 2026

DeNA experienced a challenging fiscal year ending March 31, 2026, characterized by a contraction in core financial metrics.

• DeNA reported a fiscal year 2026 revenue decline of 9.9% to 147.7 billion yen and a 35.5% drop in operating profit to 18.7 billion yen.
• Financial performance was negatively impacted by a 9.9 billion yen impairment loss, primarily due to a goodwill write-down in the Healthcare and Medical segment.
• The Game Business experienced a performance normalization following the initial launch phase of Pokémon Trading Card Game Pocket.

FY2025 Consolidated Financial Results [Japanese GAAP]

CyberAgent achieved a significant financial recovery during the 2025 fiscal year, characterized by a 9.1% increase in net sales to ¥874,030 million and a 78.9% surge in operating income to ¥71,702 million.

• CyberAgent's operating income surged 78.9% to ¥71,702 million in FY2025, driven primarily by the Game Business, which nearly doubled its operating income to ¥60,06 billion.
• The Media & IP segment achieved its first annual profit in a decade, contributing ¥7.29 billion in operating income following a corporate reorganization to integrate ABEMA-related operations.
• Consolidated net sales grew 9.1% to ¥874,030 million, while net income attributable to the parent doubled to ¥31.67 billion.

Amendment to Annual Securities Report: Term 27

CyberAgent’s fiscal year 2024 performance, ending September 30, reflects a period of significant growth alongside rigorous efforts to rectify past governance lapses.

• CyberAgent reported fiscal year 2024 consolidated net sales of 801.2 billion yen, an 11.4% year-over-year increase, and an operating profit of 40 billion yen, representing a 79.3% rise.
• The company filed an amendment to its 27th Annual Securities Report to restate financial statements following the discovery of 3.73 billion yen in improper revenue recognition at its subsidiary, CyberOwl.
• To address governance failures, CyberAgent transitioned to an audit and supervisory committee structure and established a nomination and compensation advisory committee to separate management oversight from business execution.

Partial Correction to FY2023 Third Quarter Consolidated Financial Results [Japanese GAAP]

CyberAgent, Inc. issued this formal correction to its consolidated financial results for the third quarter of fiscal year 2023, covering the nine-month period ending June 30, 2023.

• CyberAgent's net income for the first nine months of FY2023 plummeted 88.3% year-on-year to ¥2,304 million, while operating income fell 68.3% to ¥17,383 million.
• The Game Business experienced a 21.2% revenue decline, driven by a slowdown in major titles from subsidiaries such as Cygames.
• The Internet Advertisement segment achieved record net sales of ¥300,672 million, though its operating income dropped 30.2% due to upfront investment costs.

CyberAgent Q1 2023 Quarterly Report

CyberAgent’s first-quarter report for the fiscal year ending September 2024 details the company’s financial performance for the period from October 1, 2023, to December 31, 2023.

Annual Securities Report: CyberAgent, Inc. (Fiscal Year 2023)

CyberAgent, Inc.’s fiscal year 2023 performance reflects a period of strategic transition characterized by top-line growth alongside significant pressure on profitability.

CyberAgent Q3 Quarterly Report: Fiscal Year 2023

CyberAgent’s third-quarter report for the fiscal year ending September 30, 2023, outlines the company’s financial performance for the period spanning April 1, 2023, to June 30, 2023.

2Q FY2023 Presentation Material: January to March 2023

CyberAgent achieved record-high quarterly consolidated sales of 195.6 billion yen during the second quarter of fiscal year 2023, representing a period of significant operational recovery and strategic growth.

• CyberAgent achieved record-high consolidated quarterly sales of 195.6 billion yen for 2Q FY2023.
• The Game business saw a 191.7% quarter-on-quarter profit surge, driven by anniversary events for flagship titles like Uma Musume Pretty Derby and Granblue Fantasy.
• The Media segment, led by ABEMA, increased revenue by 22.4% year-over-year to 33.4 billion yen while narrowing operating losses to 0.5 billion yen.

DeNA Consolidated Financial Results: Fiscal Year Ended March 31, 2022

DeNA’s financial performance for the fiscal year ended March 31, 2022, reflects a strategic transition away from a pure-play mobile gaming model toward a diversified portfolio encompassing live streaming, sports, and healthcare.

Annual Securities Report: Term 24

CyberAgent’s 24th fiscal year, ending September 2021, represents a period of substantial financial expansion and strategic consolidation.