FinancialCyberAgent
FY2020 Second Quarter Consolidated Financial Results: Japan
10 pages~16 min full read
CyberAgent reported a significant financial turnaround for Q2 FY2020, with profit attributable to shareholders surging 338% to ¥4,760 million compared to a loss of ¥1,087 million in the same period last year.
See it on page 1Consolidated net sales grew 7.3% year-on-year to ¥244,853 million, while operating income rose 45% to ¥20,231 million.
See it on page 7The game business remains a primary profit driver, contributing ¥80,103 million in sales and ¥15,560 million in operating income.
See it on page 4The internet advertising segment generated the highest revenue at ¥140,110 million, yielding ¥12,389 million in operating income.
See it on page 4The media business, encompassing ABEMA and Ameba, recorded ¥26,043 million in sales but operated at a loss of ¥9,288 million.
See it on page 4Management maintained its original October 2019 full-year forecast for FY2020, projecting ¥465,000 million in net sales and ¥28,000 million in operating income.
See it on page 1The company’s cash and cash equivalents increased by ¥395 million to reach a total of ¥84,959 million by the end of the quarter on March 31, 2020.
See it on page 5CyberAgent Inc. reported its FY2020 second‑quarter consolidated results for the period ending March 31, 2020. Net sales rose 7.3 % year‑on‑year to ¥244,853 million, driven by growth in the media, game and internet advertising segments. Operating income increased 45 % to ¥20,231 million, while ordinary income climbed 47 % to ¥20,234 million. Profit attributable to shareholders of the parent surged 338 % to ¥4,760 million, reflecting a sharp turnaround from a loss of ¥1,087 million in the same quarter of FY2019. Basic earnings per share rose from ¥8.63 to ¥37.76, and diluted EPS increased from ¥7.91 to ¥35.55.
Total assets grew by ¥16,242 million to ¥241,118 million, with accounts receivable expanding due to higher sales. Total liabilities increased by ¥12,113 million, mainly from accounts payable. Net assets rose to ¥114,482 million, and the shareholders’ equity ratio fell slightly from 35.2 % to 32.9 %. Cash and cash equivalents increased by ¥395 million to ¥84,959 million. Operating activities generated a net cash inflow of ¥11,574 million, while investing and financing activities used cash, resulting in a modest net increase.
Segment analysis shows the media business (including ABEMA and Ameba) posted ¥26,043 million in sales with a slight operating loss of ¥9,288 million; the game business achieved ¥80,103 million in sales and ¥15,560 million operating income; internet advertising generated ¥140,110 million in sales and ¥12,389 million operating income. The investment development segment recorded a decline of 32.8 % in sales to ¥3,380 million.
The company forecasts FY2020 net sales of ¥465,000 million and operating income of ¥28,000 million, unchanged from the original October 2019 forecast. No revisions to dividend forecasts were made; a single annual dividend of ¥33 million per share is expected. The report covers Japan‑based operations, reflects a full fiscal year ending September 30, 2020, and is based on consolidated financial statements prepared under Japanese GAAP.
