CyberAgent Quarterly Report: Q2 Term 25

Key insights

7 takeaways

01
CyberAgent's net sales for the six months ended March 31, 2022 (first half of the fiscal year ending September 2022) reached 362.19 billion yen, up 23.0% year over year.See it on page 1
02
Operating profit rose 38.2% to 45.53 billion yen and ordinary profit rose 38.4% to 45.72 billion yen, so profit grew noticeably faster than sales.See it on page 11
03
Profit attributable to owners of the parent was 17.16 billion yen, up 25.3% year over year, which is slower growth than operating profit.See it on page 11
04
The internet advertising business posted record-high sales and profits, making it a key driver of the half-year results.See it on page 15
05
The gaming business grew significantly, driven by anniversary events for major titles.See it on page 3
06
The media business, centered on ABEMA, remained loss-making because of strategic investment, though its sales grew 30.0%.See it on page 3
07
The balance sheet is stable, with total assets of 385.73 billion yen and an equity ratio of 35.7%. New revenue recognition standards adopted from the first quarter changed the presentation of some items but had minimal effect on profit and loss, and Deloitte Touche Tohmatsu LLC reviewed the statements without any reported changes to business risks or major contracts.See it on page 10

Summary

CyberAgent’s quarterly report for the second quarter of the fiscal year ending September 2022 covers the period from January 1, 2022, to March 31, 2022. The document provides a comprehensive overview of the company’s financial performance, operational status, and corporate governance, confirming that the company continues to invest in the "ABEMA" media platform while maintaining growth across its core internet advertising and gaming segments.

Financial results for the six-month period ending March 31, 2022, show strong growth, with net sales reaching 362.19 billion yen, a 23.0% increase compared to the same period in the previous year. Operating profit rose by 38.2% to 45.53 billion yen, and ordinary profit increased by 38.4% to 45.72 billion yen. Profit attributable to owners of the parent company was 17.16 billion yen, marking a 25.3% year-over-year growth. The company’s financial position remains stable, with total assets of 385.73 billion yen and an equity ratio of 35.7%.

Segment performance highlights include the internet advertising business, which achieved record-high sales and profits, and the gaming business, which saw significant growth driven by anniversary events for major titles. The media business, while continuing to operate at a loss due to strategic investments in ABEMA, recorded a 30.0% increase in sales. The company also implemented new accounting standards for revenue recognition starting from the first quarter, which impacted the presentation of certain financial items but had a minimal overall effect on profit and loss.

The report concludes with detailed disclosures regarding shareholding structures, including major shareholders and voting rights, and confirms that the financial statements have undergone a quarterly review by Deloitte Touche Tohmatsu LLC. No significant changes to business risks or major contracts were reported during this period.