FinancialCyberAgent
FY2021 Second Quarter Consolidated Financial Results (Japanese GAAP)
1 Apr 202112 pages~22 min full read
CyberAgent reported a 20.3% increase in net sales to ¥294.5 billion and a 62.8% surge in operating income to ¥32.9 billion for the first half of fiscal year 2021.
See it on page 10The Game Business segment achieved ¥93.9 billion in net sales and a 56.5% increase in operating income to ¥24.3 billion, driven by the successful launch of two major titles.
See it on page 4Profit attributable to owners of the parent more than doubled to ¥13.7 billion, supported by a strong balance sheet with over ¥100 billion in cash and total assets of ¥300.4 billion.
See it on page 5The company upwardly revised its full-year earnings and dividend forecasts, setting a year-end dividend of 10 yen per share to maintain a Dividend on Equity ratio of at least 5%.
See it on page 5A four-for-one stock split was implemented in April 2021 to improve market accessibility and liquidity, resulting in 505.7 million total issued shares.
See it on page 11Profits from the Internet Advertisement Business and the high-margin gaming division successfully offset ongoing strategic investment costs for the ABEMA media platform.
See it on page 4CyberAgent experienced substantial financial expansion during the first half of fiscal year 2021, characterized by a 20.3% increase in net sales to ¥294.5 billion and a 62.8% surge in operating income to ¥32.9 billion. This growth trajectory was primarily fueled by record-breaking performance in the Internet Advertisement Business and a transformative period for the Game Business. The gaming segment saw net sales reach ¥93.9 billion, while segment income rose to ¥24.3 billion, representing a 56.5% increase in operating income following the successful market entry of two major new titles. These gains effectively offset continued strategic investments in the ABEMA media platform, demonstrating the company's ability to balance long-term ecosystem development with immediate profitability.
The robust financial results prompted an upward revision of full-year earnings and dividend forecasts, with the year-end dividend set at 10 yen per share to uphold a Dividend on Equity ratio of at least 5%. Profit attributable to owners of the parent more than doubled to ¥13.7 billion, reinforcing a strong consolidated balance sheet that features over ¥100 billion in cash and total assets of ¥300.4 billion. To further enhance market accessibility and share liquidity, a four-for-one stock split was implemented in April 2021, bringing the total number of issued shares to 505.7 million and necessitating adjustments to the conversion prices of outstanding convertible bonds.
Geographically focused on the Japanese market during the second quarter of the 2021 fiscal year, the findings highlight a period of high operational efficiency and successful product launches. The synergy between the established advertising business and the high-margin gaming division has provided the capital necessary to sustain heavy investments in intangible assets and securities. This strategic positioning suggests a transition toward a more diversified digital entertainment and media conglomerate, supported by a solid financial foundation and a commitment to shareholder returns through both dividends and improved stock liquidity.
