FinancialCyberAgent
Partial Correction to FY2023 First Quarter Consolidated Financial Results: Japan
10 pages~15 min full read
CyberAgent reported a significant financial downturn for Q1 FY2023, shifting from an operating profit of ¥19,642 million in the prior year to an operating loss of ¥1,738 million.
See it on page 2Net sales for the quarter declined 2.1% year-over-year to ¥167,423 million, resulting in a net loss attributable to owners of the parent of ¥5,391 million.
See it on page 7The game business segment experienced a sharp contraction, with sales declining 29.9% compared to the previous year.
See it on page 5The media business saw a 33.7% increase in sales to ¥33,506 million, though its operating loss widened to ¥9,663 million.
See it on page 5Internet advertising sales grew by 8.9% year-over-year, but the segment's operating income decreased by 13.6%.
See it on page 5Total assets increased to ¥420,970 million primarily due to the issuance of convertible bonds, while equity decreased to ¥209,638 million due to a decline in retained earnings.
See it on page 5Despite the Q1 losses and a May 2025 correction to the original January 2023 filings, CyberAgent maintained its FY2023 forecast of ¥720 million in net income and an operating loss of ¥40 million.
See it on page 2CyberAgent, Inc. issued a correction to its FY2023 first‑quarter consolidated financial results under Japanese GAAP, published on January 25 2023. The correction, announced May 15 2025, adjusts several numerical figures but does not alter the overall narrative of performance. Net sales for the quarter fell 2.1 % YoY to ¥167,423 million, while operating income turned into a loss of ¥1,738 million from an operating profit of ¥19,642 million the prior year. Ordinary loss amounted to ¥1,421 million versus an ordinary profit of ¥19,675 million, and net loss attributable to owners of the parent reached ¥5,391 million against a prior‑year profit of ¥5,929 million. Basic earnings per share were negative at –¥10.65; diluted EPS is not presented due to negative basic earnings and dilutive shares.
Total assets rose to ¥420,970 million, driven largely by convertible bond issuance, while equity fell to ¥209,638 million as retained earnings declined. The company’s dividend policy remains unchanged; no revisions were made to the FY2023 forecast, which projects net income of ¥720 million and operating loss of ¥40 million for the year.
Segment analysis shows media business sales up 33.7 % to ¥33,506 million but operating loss widened to ¥9,663 million; internet advertising sales grew 8.9 % but operating income fell 13.6 %; game business sales declined 29.9 %. The correction does not affect the company’s forward‑looking statements or accounting policy changes, which include adoption of fair‑value measurement guidance and transition to a group tax sharing system.
