FinancialCyberAgent
Partial Correction to FY2023 Second Quarter Consolidated Financial Results: Japan
12 pages~17 min full read
CyberAgent reported a sharp decline in profitability for the second quarter of FY2023, with operating income falling 63.4% YoY to ¥16,473 million and net income dropping 87.8% to ¥2,039 million.
See it on page 2The company's game business segment experienced a significant downturn, with sales falling 19.1% and operating losses deepening to ¥20,414 million.
See it on page 5Despite a 27.9% increase in media business sales, the segment's operating loss widened to ¥10,605 million, while the internet advertising business saw a 5.9% sales increase but a 25.9% decline in operating income.
See it on page 5Net sales for the cumulative second quarter remained nearly flat, rising only 0.3% YoY to ¥362,872 million.
See it on page 12Total assets grew to ¥426,283 million, primarily fueled by the issuance of convertible bonds, which also contributed to a ¥44,531 million increase in total liabilities.
See it on page 5CyberAgent has maintained its original FY2023 full-year forecast, projecting net income of ¥720,000 million and operating income of ¥40,000 million.
See it on page 2The financial results were issued as a partial correction to address numerical inaccuracies found in the original April 26, 2023, release.
See it on page 1CyberAgent, Inc. issued a partial correction to its FY2023 second‑quarter consolidated financial results under Japanese GAAP, published on May 15 2025. The correction addresses numerical inaccuracies in the original April 26, 2023 release; corrected figures are presented in full within the revised statement. Net sales for the cumulative second quarter rose modestly to ¥362,872 million (0.3% YoY), while operating income fell sharply to ¥16,473 million (‑63.4% YoY). Ordinary income attributable to the parent declined 87.8% to ¥2,039 million, and net income attributable to owners of the parent dropped 87.8% to ¥2,039 million from ¥16,651 million the previous year. Basic earnings per share fell to ¥4.03 from ¥32.93, and diluted EPS to ¥3.65 from ¥31.19.
Total assets increased by ¥44,350 million to ¥426,283 million, driven mainly by convertible bond issuance; total liabilities rose by ¥44,531 million to ¥205,219 million. Equity fell slightly to ¥221,064 million (equity ratio 32.3%). Cash and cash equivalents grew by ¥17,246 million to ¥185,281 million. Operating cash flow improved to ¥14,080 million, while investing activities used ¥12,012 million and financing activities supplied ¥15,410 million.
Segment analysis shows media business sales up 27.9% but operating loss widened to ¥10,605 million; internet advertising sales grew 5.9% with operating income down 25.9%; game business sales fell 19.1% and operating loss deepened to ¥20,414 million. The company’s FY2023 full‑year forecast remains unchanged at net income ¥720,000 million and operating income ¥40,000 million. The correction does not alter the company’s forward‑looking statements or dividend policy.
