FinancialCyberAgent
FY2020 Second Quarter Consolidated Financial Results (Japanese GAAP)
1 Apr 202010 pages~16 min full read
CyberAgent reported strong H1 FY2020 growth with net sales of ¥244.85 billion (up 7.3%) and operating income of ¥20.23 billion (up 45.0%).
See it on page 1Profit attributable to shareholders surged 337.9% year-over-year to ¥4.76 billion.
See it on page 1The Game Business served as the primary profit driver, achieving a 45.9% increase in operating income to ¥15.56 billion due to successful new releases and anniversary events.
See it on page 4The Internet Advertisement Business grew operating income by 28.1% to ¥12.39 billion, driven by the acquisition of new advertisers.
See it on page 4The Media Business, including the ABEMA streaming platform, recorded an operating loss of ¥9.28 billion as the company continues long-term investment in the service.
See it on page 4The company maintained its original full-year earnings forecast and dividend projection of ¥33 per share despite the positive mid-year performance.
See it on page 1The financial position remains stable with total assets of ¥241.12 billion and cash and cash equivalents of ¥84.96 billion.
See it on page 5CyberAgent, Inc. reported strong financial growth for the first half of fiscal year 2020, covering the period from October 1, 2019, to March 31, 2020. Net sales reached ¥244.85 billion, a 7.3% increase over the previous year, while operating income rose significantly by 45.0% to ¥20.23 billion. Profit attributable to shareholders of the parent saw the most dramatic surge, increasing 337.9% to ¥4.76 billion. These results were driven by the steady expansion of the smartphone advertisement market and successful performance across the company's core business segments.
The Game Business was a primary driver of profitability, with operating income increasing 45.9% to ¥15.56 billion, bolstered by anniversary events for major titles and successful new releases. The Internet Advertisement Business also performed well, recording a 28.1% increase in operating income to ¥12.39 billion through the acquisition of new advertisers. Conversely, the Media Business, which includes the ABEMA streaming platform, reported an operating loss of ¥9.28 billion as the company continues to invest in the service as a long-term mainstay. The Investment Development Business saw declines in both sales and income compared to the prior year.
The consolidated financial position remains stable with total assets of ¥241.12 billion. Cash and cash equivalents increased slightly to ¥84.96 billion, supported by strong net cash provided by operating activities. Despite the positive mid-year performance, the company maintained its original full-year earnings forecast, citing various risks and uncertainties. The report covers CyberAgent’s operations primarily within the Japanese market and utilizes Japanese GAAP accounting standards. No revisions were made to the dividend forecast, which remains at ¥33 per share for the fiscal year.
