FinancialCyberAgent
Partial Correction to FY2024 First Quarter Consolidated Financial Results: Japan
9 pages~13 min full read
CyberAgent issued a correction for its FY2024 Q1 financial results, confirming that while specific figures were adjusted, there are no substantive changes to the company's financial statements or full-year forecasts.
See it on page 1The company reported a 15.1% year-on-year increase in net sales to ¥192,655 million, with operating income swinging to a profit of ¥5,864 million compared to a ¥1,738 million loss in the prior year.
See it on page 5The Game Business segment experienced a 10.1% increase in sales to ¥45,043 million, yet operating income for the division declined by 32.9%.
See it on page 5The Media Business, anchored by ABEMA, saw strong top-line growth of 27.7% to ¥42,784 million, though the segment remained unprofitable with an operating loss of ¥991 million.
See it on page 5The Internet Advertisement Business remains a primary profit driver, contributing ¥5,246 million in operating income on a 9.9% sales increase to ¥104,900 million.
See it on page 5Total equity decreased to ¥218,032 million from ¥228,450 million, a decline attributed primarily to dividend payments and adjustments to retained earnings.
See it on page 5CyberAgent maintains its original FY2024 full-year guidance of ¥750,000 million in net sales and ¥30,000 million in net income, with no changes to dividend forecasts.
See it on page 2CyberAgent, Inc. issued a partial correction to its FY2024 first‑quarter consolidated financial results under Japanese GAAP, released on January 31 2024. The correction addresses several numerical inaccuracies disclosed in a separate notice dated May 15 2025, but the company states that no substantive changes to financial statements or forecasts have been made. The corrected figures show a 15.1 % year‑on‑year increase in net sales to ¥192,655 million and an operating income of ¥5,864 million, reversing the prior‑year operating loss of ¥1,738 million. Ordinary income rose to ¥6,058 million from a loss of ¥1,421 million, and net income attributable to owners of the parent improved to a loss of ¥892 million versus a prior‑year loss of ¥5,391 million. Total assets declined to ¥464,799 million from ¥475,222 million, while equity fell to ¥218,032 million from ¥228,450 million, primarily due to dividend payments and retained‑earnings adjustments.
Segment analysis highlights that the Media Business, driven by ABEMA, grew net sales 27.7 % to ¥42,784 million but still recorded an operating loss of ¥991 million. The Internet Advertisement Business posted a 9.9 % sales increase to ¥104,900 million with operating income of ¥5,246 million. Game Business sales rose 10.1 % to ¥45,043 million but saw a 32.9 % decline in operating income. Investment Development and Other Businesses reported modest sales increases but maintained small operating profits.
The company’s FY2024 full‑year forecast remains unchanged: net sales of ¥750,000 million and net income of ¥30,000 million. No revisions to dividend forecasts were made. The correction does not affect audit status or forward‑looking statements, and the company confirms that its going‑concern assumption remains valid.
