FinancialCyberAgent
Partial Correction to FY2021 Consolidated Financial Results (Japanese GAAP)
1 May 202520 pages~34 min full read
CyberAgent achieved significant FY2021 growth with consolidated net sales rising 39.2% to ¥666,149 million and operating income surging 207.5% to ¥104,070 million.
See it on page 2The Game Business was the primary driver of financial performance, delivering a 68.6% revenue increase to ¥262,751 million and a 217.9% rise in segment income to ¥96,445 million, largely due to a major new title launch.
See it on page 6Profit attributable to shareholders increased significantly to ¥41,242 million, up from ¥6,567 million in the previous fiscal year.
See it on page 13The Internet Advertisement Business reached record net sales of ¥321,001 million, while the Media Business grew 45.1% and reduced its operating losses to ¥15,141 million.
See it on page 6Cash and cash equivalents nearly doubled to ¥184,082 million, supported by ¥109,609 million in operating cash flows.
See it on page 7Management declined to provide a formal FY2022 forecast, citing the inherent volatility of hit-driven revenue cycles and the high impact of the gaming segment on overall profitability.
See it on page 3The company implemented a four-for-one stock split in April 2021, resulting in adjusted basic earnings per share of ¥81.68.
See it on page 4CyberAgent, Inc. achieved exceptional financial growth during the 2021 fiscal year, characterized by a 39.2% increase in consolidated net sales to ¥666,149 million and a 207.5% surge in operating income to ¥104,070 million. This performance was underpinned by a significant rise in profit attributable to shareholders, which climbed from ¥6,567 million in the previous year to ¥41,242 million. The company’s liquidity position strengthened considerably, with cash and cash equivalents nearly doubling to ¥184,082 million, supported by robust operating cash flows of ¥109,609 million.
The Game Business served as the primary catalyst for this expansion, recording a 68.6% revenue increase to ¥262,751 million and a 217.9% jump in segment income to ¥96,445 million. This success was largely attributed to the performance of a major new title launch. Simultaneously, the Internet Advertisement Business reached record net sales of ¥321,001 million, while the Media Business grew by 45.1%, successfully narrowing its operating losses to ¥15,141 million. Other corporate developments included a four-for-one stock split implemented in April 2021, resulting in adjusted basic earnings per share of ¥81.68.
Despite the strong fiscal results, management has opted not to provide a formal forecast for the 2022 fiscal year. This decision stems from the inherent volatility of the game industry, where the timing of new title launches and the fluctuation of hit-driven revenue cycles create significant uncertainty. While the company maintains a diversified portfolio across media, advertising, and investment development, the high impact of the gaming segment on overall profitability necessitates a cautious approach to forward-looking guidance.
