FY2021 First Quarter Consolidated Financial Results: Japan GAAP

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.

Profit 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.

The game business segment experienced a significant downturn, with sales falling 15% to ¥29,954 million and operating income dropping 77.8%.

The 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.

The investment development segment showed strong performance, with sales surging 79.9% to ¥5,314 million and operating income rising 74%.

Total assets decreased to ¥252,094 million from ¥260,766 million, largely due to a reduction in cash and deposits following corporate tax payments.

Full-year FY2021 forecasts remain unchanged, with the company projecting ¥500,000 million in net sales and ¥30,000 million in operating income.