Financial

FY2020 Third Quarter Consolidated Financial Results [Japanese GAAP]

1 July 20209 pages2,658 words

Summary

CyberAgent’s consolidated financial results for the third quarter of fiscal year 2020, covering the nine-month period ending June 30, 2020, indicate steady growth across most business segments despite global economic uncertainties. Net sales increased 4.6% year-on-year to ¥357.7 billion, while operating income rose 21.9% to ¥28.5 billion. Most notably, profit attributable to shareholders of the parent surged 230.9% to ¥5.88 billion, a significant recovery compared to the prior year's performance. The Game Business and Internet Advertisement Business served as the primary drivers of profitability. The Game Business, which includes subsidiaries such as Cygames and Craft Egg, reported a 21.6% increase in operating income to ¥23.1 billion, bolstered by the continued strength of major existing titles. The Internet Advertisement Business grew its operating income by 16.4% to ¥17.1 billion by successfully capturing demand from advertisers benefiting from stay-at-home consumer trends. Conversely, the Media Business, centered on the ABEMA streaming platform, reported an operating loss of ¥13.3 billion as the company continues to prioritize long-term investment in the service. The consolidated financial position remains stable, with total assets increasing to ¥235.9 billion, primarily due to higher cash and deposits. The equity capital ratio stood at 35.7% as of June 30, 2020. Looking ahead, the full-year forecast for the period ending September 30, 2020, remains unchanged from previous projections, with net sales expected to reach ¥465 billion and operating income estimated between ¥28 billion and ¥32 billion. These results reflect a strategic focus on the expanding smartphone and video advertising markets in Japan.

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FY2020 Third Quarter Consolidated Financial Results [Japanese GAAP]

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