Updated Mar 23, 2026 by CyberAgent
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.
The company's game business segment experienced a significant downturn, with sales falling 19.1% and operating losses deepening to ¥20,414 million.
Despite 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.
Net sales for the cumulative second quarter remained nearly flat, rising only 0.3% YoY to ¥362,872 million.
Total 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.
CyberAgent has maintained its original FY2023 full-year forecast, projecting net income of ¥720,000 million and operating income of ¥40,000 million.
The financial results were issued as a partial correction to address numerical inaccuracies found in the original April 26, 2023, release.
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.
The company's game business segment experienced a significant downturn, with sales falling 19.1% and operating losses deepening to ¥20,414 million.
Despite 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.
Net sales for the cumulative second quarter remained nearly flat, rising only 0.3% YoY to ¥362,872 million.
Total 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.
CyberAgent has maintained its original FY2023 full-year forecast, projecting net income of ¥720,000 million and operating income of ¥40,000 million.
The financial results were issued as a partial correction to address numerical inaccuracies found in the original April 26, 2023, release.