FinancialCyberAgent
FY2021 First Quarter Consolidated Financial Results [Japanese GAAP]
1 Jan 20219 pages~12 min full read
CyberAgent reported a 13.3% year-on-year increase in net sales to ¥131,014 million for Q1 FY2021, while profit attributable to shareholders surged 101.3% to ¥2,930 million.
See it on page 4The Internet Advertisement Business remains the primary revenue driver, achieving record-high net sales of ¥76,587 million, a 13.8% increase compared to the previous year.
See it on page 4The Media Business, including the ABEMA platform, saw a 67% revenue jump to ¥20,428 million while successfully narrowing its operating loss from ¥5,050 million to ¥3,926 million.
See it on page 4The Game Business experienced a significant downturn, with net sales falling 15% to ¥29,954 million and operating income dropping 77.8% to ¥1,137 million due to seasonal factors affecting major titles.
See it on page 4The Investment Development Business provided a strong financial boost, recording a 74% increase in operating income to ¥4,636 million.
See it on page 4Despite a moderate 8.7% decline in total operating income to ¥7,058 million, the company maintained its full-year forecast of ¥500,000 million in net sales.
See it on page 4CyberAgent’s consolidated financial results for the first quarter of the fiscal year ending September 2021 reveal a period of significant revenue growth alongside shifting profitability across its diverse business segments. Covering the period from October 1, 2020, to December 31, 2020, the data shows net sales increased by 13.3% year-on-year to ¥131,014 million. While operating income saw a moderate decline of 8.7% to ¥7,058 million, profit attributable to shareholders of the parent surged by 101.3% to ¥2,930 million.
The Media Business, which includes the ABEMA streaming platform, reported a substantial 67% increase in net sales to ¥20,428 million. Although this segment remains in an investment phase, its operating loss narrowed from ¥5,050 million to ¥3,926 million. The Internet Advertisement Business achieved record-high net sales of ¥76,587 million, up 13.8%, maintaining its position as the primary revenue driver. Conversely, the Game Business experienced a downturn, with net sales falling 15% to ¥29,954 million and operating income dropping 77.8% to ¥1,137 million, attributed to seasonal factors affecting major existing titles. The Investment Development Business provided a significant boost, with operating income rising 74% to ¥4,636 million.
The financial position remains stable despite a slight decrease in total assets to ¥252,094 million, primarily due to corporate tax and dividend payments. CyberAgent maintained its full-year forecast, projecting net sales of ¥500,000 million and operating income between ¥30,000 million and ¥35,000 million. These results, prepared under Japanese GAAP, reflect the company's strategic focus on scaling its media and advertising operations to offset fluctuations in the hit-driven gaming market during the ongoing global pandemic.
