FinancialCyberAgent
FY2021 First Quarter Consolidated Financial Results: Japan GAAP
9 pages~12 min full read
CyberAgent reported a 13.3% increase in net sales to ¥131,014 million for Q1 FY2021, though operating income declined 8.7% to ¥7,058 million.
See it on page 1Profit attributable to shareholders surged 101.3% to ¥2,930 million, primarily driven by gains in the investment development segment and reduced operating losses in the media business.
See it on page 4The game business segment experienced a significant downturn, with sales falling 15% to ¥29,954 million and operating income dropping 77.8%.
See it on page 4The internet advertising segment reached record net sales of ¥76,587 million, while the media business grew sales by 67% to ¥20,428 million despite remaining loss-making at ¥3,926 million.
See it on page 4The investment development segment showed strong performance, with sales surging 79.9% to ¥5,314 million and operating income rising 74%.
See it on page 4Total assets decreased to ¥252,094 million from ¥260,766 million, largely due to a reduction in cash and deposits following corporate tax payments.
See it on page 5Full-year FY2021 forecasts remain unchanged, with the company projecting ¥500,000 million in net sales and ¥30,000 million in operating income.
See it on page 1CyberAgent Inc. reported consolidated results for the first quarter of FY2021, ending September 30 2021, showing a 13.3 % increase in net sales to ¥131,014 million versus ¥115,681 million in the same period of FY2020. Operating income fell 8.7 % to ¥7,058 million from ¥7,733 million, while ordinary income declined 10.2 % to ¥6,932 million. Profit attributable to shareholders of the parent rose sharply by 101.3 % to ¥2,930 million, driven largely by gains in the investment development segment and a reduction of operating losses in media. Basic earnings per share increased to ¥23.22 from ¥11.55, and diluted EPS reached ¥21.87.
Total assets decreased to ¥252,094 million from ¥260,766 million, largely due to a reduction in cash and deposits following corporate tax payments. Net assets fell to ¥122,436 million from ¥127,678 million, and the shareholders’ equity ratio declined to 33.3 % from 34.3 %. The company maintained a stable share count of approximately 126 million shares outstanding, with treasury stock reduced to 241,942 shares.
Segment analysis revealed that the media business grew net sales by 67 % to ¥20,428 million but remained loss‑making at ¥3.926 billion. Internet advertising achieved a record net sales of ¥76,587 million with operating income up 0.8 % to ¥5,705 million. Game business sales fell 15 % to ¥29,954 million, and operating income dropped 77.8 %. Investment development sales surged 79.9 % to ¥5,314 million with operating income up 74 %. Other businesses grew modestly by 12.5 % to ¥5,223 million.
The company’s FY2021 full‑year forecast remains unchanged from the October 28, 2020 announcement, projecting net sales of ¥500,000 million and operating income of ¥30,000 million. No revisions to dividend forecasts were made for FY2021.
