FinancialCyberAgent
Partial Correction to FY2020 Consolidated Financial Results [Japanese GAAP]
1 May 202520 pages~33 min full read
CyberAgent achieved significant growth in FY2020, with net sales rising 5.5% to ¥478,526 million and operating income increasing 9.8% to ¥33,839 million.
See it on page 5Profit attributable to shareholders surged 287.5% to ¥6,567 million, resulting in basic earnings per share of ¥52.09 and a year-end dividend of ¥34.00.
See it on page 19The Game segment was the primary profit driver with ¥30,337 million in income, followed by the Internet Advertisement segment at ¥21,030 million.
See it on page 15The Media Business recorded an operating loss of ¥18,267 million despite a 22.6% increase in sales, reflecting sustained strategic investment in the ABEMA streaming platform.
See it on page 5The company maintains a strong liquidity position with a year-end cash balance of ¥102,368 million, supporting a FY2021 net sales target of ¥500 billion.
See it on page 6Impairment losses decreased significantly to ¥4,589 million in FY2020, down from ¥9,502 million in the previous fiscal year.
See it on page 17Over 90% of the company's total sales and assets remain concentrated within the Japanese market.
See it on page 17CyberAgent, Inc. achieved significant financial growth during the fiscal year ended September 30, 2020, characterized by a 5.5% increase in net sales to ¥478,526 million and a 9.8% rise in operating income to ¥33,839 million. The most notable metric was the 287.5% surge in profit attributable to shareholders of the parent, which reached ¥6,567 million. This performance drove basic earnings per share from ¥13.45 in the previous year to ¥52.09, allowing for a year-end dividend of ¥34.00. The company’s financial position strengthened alongside these earnings, with net assets rising to ¥127,637 million and cash flow from operating activities increasing to ¥37,028 million.
The Group’s success was primarily anchored by the Game and Internet Advertisement segments, which generated incomes of ¥30,337 million and ¥21,030 million, respectively. While the Media Business experienced 22.6% sales growth, it recorded an operating loss of ¥18,267 million as a result of sustained strategic investments in the ABEMA streaming platform. Geographically, operations remain concentrated in the Japanese market, which accounts for over 90% of total sales and assets. To better align with current management strategies, the company also executed a structural transfer of specific businesses from the Internet Advertisement segment to the Media segment.
Looking ahead, the company forecasts continued expansion with a net sales target of ¥500 billion for fiscal year 2021. This outlook is supported by the strong performance of hit game titles and the broader expansion of the smartphone market. Despite ongoing impairment losses, which decreased to ¥4,589 million from the previous year’s ¥9,502 million, the Group maintains a robust liquidity position with a year-end cash balance exceeding ¥102,368 million. This capital provides the necessary foundation for continued investment in intangible assets and property to support its diverse reportable segments.
