FinancialCyberAgent
FY2021 Consolidated Financial Results [Japanese GAAP]
27 Oct 202119 pages~36 min full read
CyberAgent achieved record-breaking FY2021 financial results with consolidated net sales rising 39.3% to ¥666,460 million and operating income surging 208.1% to ¥104,381 million.
See it on page 9The Game Business served as the primary growth driver, delivering a 68.6% increase in net sales and a 217.9% jump in operating income to ¥96,445 million, largely due to a successful new title launch.
See it on page 5Net income for the fiscal year increased nearly fivefold to ¥66,671 million, with profit attributable to shareholders rising from ¥6,608 million to ¥41,553 million.
See it on page 1Basic earnings per share grew significantly from ¥13.10 to ¥82.30, supporting a four-for-one stock split and an increased dividend of ¥11.00 per share.
See it on page 3The company’s financial position strengthened with total assets reaching ¥382,578 million and cash and cash equivalents rising to ¥184,082 million.
See it on page 8Management opted to withhold FY2022 financial forecasts, citing the inherent volatility and unpredictable nature of new game title performance.
See it on page 6CyberAgent, Inc. achieved exceptional financial growth during the 2021 fiscal year, characterized by record-breaking performance across its primary business segments. Consolidated net sales rose 39.3% to ¥666,460 million, while operating income experienced a dramatic surge of 208.1%, reaching ¥104,381 million. This momentum was largely fueled by the Game Business, which saw net sales increase by 68.6% and operating income jump 217.9% to ¥96,445 million, primarily due to the massive success of a major new title. The Internet Advertisement and Media businesses also contributed to these record highs, resulting in a nearly fivefold increase in net income to ¥66,671 million.
The company’s financial position strengthened considerably over this period, with total assets expanding to ¥382,578 million and cash and cash equivalents rising to ¥184,082 million. Robust operating cash flows of ¥109,609 million provided the liquidity necessary to fund investment securities and subsidiary acquisitions while supporting a four-for-one stock split and an increased dividend of ¥11.00 per share. Profit attributable to shareholders rose from ¥6,608 million to ¥41,553 million, reflecting a significant leap in basic earnings per share from ¥13.10 to ¥82.30.
Despite this historic profitability, management has opted to withhold financial forecasts for the 2022 fiscal year. This decision stems from the inherent volatility of the gaming industry, where the timing and performance of new launches remain difficult to predict. While the Game Business currently serves as the primary engine for growth and capital accumulation, the company remains focused on balancing these high-risk, high-reward cycles with the steady expansion of its advertising and media infrastructure to ensure long-term stability.
