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.
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Operating income for FY2020 grew by 9.9% to ¥33,880 million, and ordinary income increased by 11.1% to ¥33,863 million.
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.
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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).
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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.
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Total assets increased by ¥260,766 million to ¥35,889 million, primarily due to an increase in current assets from business expansion.
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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.
Insights
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.
02
Operating income for FY2020 grew by 9.9% to ¥33,880 million, and ordinary income increased by 11.1% to ¥33,863 million.
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.
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).
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.
06
Total assets increased by ¥260,766 million to ¥35,889 million, primarily due to an increase in current assets from business expansion.
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.