FY2020 Consolidated Financial Results: Japan

Key insights

7 takeaways · ~3 min read

01
CyberAgent, Inc. reported strong FY2020 consolidated financial results, with profit attributable to shareholders of parent soaring by 289.9% to ¥6,608 million, and net sales increasing by 5.5% to ¥478,566 million.See it on page 1
02
Operating income for FY2020 grew by 9.9% to ¥33,880 million, and ordinary income increased by 11.1% to ¥33,863 million.See it on page 8
03
The Media Business, which includes ABEMA, Ameba, and Tapple, saw net sales increase by 22.6% year-on-year to ¥57,098 million in FY2020, despite an operating loss of ¥18,267 million due to continued investment in ABEMA.See it on page 4
04
The company forecasts continued growth for FY2021, projecting net sales of ¥500,000 million (a 4.5% year-on-year increase) and profit attributable to shareholders of parent between ¥8 billion and ¥10 billion (a 21.1% to 51.3% increase).See it on page 2
05
Cash and cash equivalents increased by ¥17,804 million to ¥102,368 million by the end of FY2020, driven by ¥37,028 million in net cash provided by operating activities.See it on page 5
06
Total assets increased by ¥260,766 million to ¥35,889 million, primarily due to an increase in current assets from business expansion.See it on page 5
07
The company's reporting segments were changed in FY2020, with a portion of the "Internet Advertisement business" transferred to the "Media business" to better reflect management and business conditions.See it on page 14

Summary

Τhis is a translation of the original release in Japanese. Ιn the event of any discrepancy, the original release in Japanese shall FΥ2020 Consolidated Financial Results [Japanese GΑΑΡ] Listed company name: CyberΑgent, Ιnc. Listed stock exchange: ΤSΕ 1st section Code Νo.: 4751 URL https://www.cyberagent.co.jp/ en/ Representative: Ρresident ...