FinancialCyberAgent
FY2020 Consolidated Financial Results [Japanese GAAP]
1 Oct 202019 pages~34 min full read
CyberAgent reported FY2020 net sales of ¥478.6 billion, a 5.5% year-over-year increase, while profit attributable to shareholders surged 289.9% to ¥6.6 billion.
See it on page 17The Game Business served as the primary profit driver, generating ¥30.3 billion in operating income through a combination of established smartphone titles and new releases.
See it on page 5The Media Business recorded an operating loss of ¥18.3 billion due to sustained strategic investment in the ABEMA streaming platform, despite a 22.6% increase in segment sales.
See it on page 4Basic earnings per share saw significant growth, rising from ¥13.45 in FY2019 to ¥52.41 in FY2020.
See it on page 18The company ended the fiscal year with a strong financial position, reporting total assets of ¥260.8 billion and a cash balance of ¥102.4 billion.
See it on page 5Management forecasts FY2021 revenue to reach ¥500 billion, with a continued strategy of balancing immediate profitability from gaming and advertising against long-term capital requirements for ABEMA.
See it on page 5CyberAgent achieved significant financial growth during the 2020 fiscal year, reporting net sales of ¥478.6 billion, a 5.5% increase over the previous year. The most notable performance metric was the surge in profit attributable to shareholders, which rose by 289.9% to reach ¥6.6 billion. This growth was underpinned by a robust financial position, with total assets expanding to ¥260.8 billion and a year-end cash balance of ¥102.4 billion, supported by ¥37 billion in cash flow from operating activities.
The Game Business served as the primary engine for profitability, generating ¥30.3 billion in operating income through a mix of established smartphone titles and successful new releases. While the Media Business saw a 22.6% increase in sales, it continued to record an operating loss of ¥18.3 billion due to sustained strategic investments in the ABEMA streaming platform. The Internet Advertisement and Investment Development segments rounded out the core operations, contributing to a diversified revenue stream that capitalized on the expanding smartphone market.
Looking toward the 2021 fiscal year, the company forecasts continued revenue expansion to ¥500 billion. Management intends to maintain its focus on the smartphone sector while treating ABEMA as a long-term strategic pillar for future growth. Although sales are expected to rise, operating income forecasts remain flexible, ranging from a slight decrease to a modest increase as the company balances immediate profitability from its gaming and advertising divisions against the high capital requirements of its media investments. Overall, the transition from FY2019 to FY2020 marked a substantial strengthening of per-share metrics, with basic earnings per share climbing from ¥13.45 to ¥52.41.
