FinancialCyberAgent
FY2020 Third Quarter Consolidated Financial Results [Japanese GAAP]
1 Jul 20209 pages~13 min full read
CyberAgent reported a 230.9% surge in profit attributable to shareholders, reaching ¥5.88 billion for the nine-month period ending June 30, 2020.
See it on page 1Consolidated net sales grew 4.6% year-on-year to ¥357.7 billion, while operating income increased 21.9% to ¥28.5 billion.
See it on page 4The Game Business, featuring subsidiaries like Cygames and Craft Egg, drove profitability with a 21.6% rise in operating income to ¥23.1 billion.
See it on page 4The Internet Advertisement Business grew operating income by 16.4% to ¥17.1 billion, benefiting from increased demand during stay-at-home trends.
See it on page 4The Media Business, anchored by the ABEMA streaming platform, recorded an operating loss of ¥13.3 billion as the company maintains its long-term investment strategy.
See it on page 4The company maintained its full-year forecast for the period ending September 30, 2020, projecting net sales of ¥465 billion and operating income between ¥28 billion and ¥32 billion.
See it on page 1As of June 30, 2020, the company’s financial position remained stable with total assets of ¥235.9 billion and an equity capital ratio of 35.7%.
See it on page 6CyberAgent’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.
