Financial

FY2020 Second Quarter Consolidated Financial Results (Japanese GAAP)

1 April 202010 pages3,216 words

Summary

CyberAgent, 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.

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FY2020 Second Quarter Consolidated Financial Results (Japanese GAAP)

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