Updated Mar 23, 2026 by CyberAgent
CyberAgent reported a significant decline in profitability for the first nine months of FY2023, with operating income falling 68.3% to ¥17,383 million and net income dropping 88.3% to ¥2,304 million.
The company significantly lowered its full-year FY2023 earnings forecast, now projecting an operating income of only ¥25 million and a net income of ¥720 million, representing a 63% year-over-year decline.
The Internet Advertisement Business reached record sales of ¥300,672 million, yet its operating income still suffered a 30.2% year-over-year decrease.
The Media Business recorded a loss of ¥12,394 million on sales of ¥100,409 million, while the Game Business and Investment Development Business saw sales declines of 21.2% and 22.9%, respectively.
Total liabilities increased by ¥74,661 million to ¥235,349 million, primarily driven by the issuance of convertible bonds and an expansion of long-term bank loans.
Despite the sharp decline in earnings and EPS—which fell from ¥39.12 to ¥4.55—the company maintained its dividend forecast at ¥15 per share for FY2023.
CyberAgent reported a significant decline in profitability for the first nine months of FY2023, with operating income falling 68.3% to ¥17,383 million and net income dropping 88.3% to ¥2,304 million.
The company significantly lowered its full-year FY2023 earnings forecast, now projecting an operating income of only ¥25 million and a net income of ¥720 million, representing a 63% year-over-year decline.
The Internet Advertisement Business reached record sales of ¥300,672 million, yet its operating income still suffered a 30.2% year-over-year decrease.
The Media Business recorded a loss of ¥12,394 million on sales of ¥100,409 million, while the Game Business and Investment Development Business saw sales declines of 21.2% and 22.9%, respectively.
Total liabilities increased by ¥74,661 million to ¥235,349 million, primarily driven by the issuance of convertible bonds and an expansion of long-term bank loans.
Despite the sharp decline in earnings and EPS—which fell from ¥39.12 to ¥4.55—the company maintained its dividend forecast at ¥15 per share for FY2023.