Financial

FY2021 Third Quarter Consolidated Financial Results (Japanese GAAP)

28 July 20219 pages3,243 words

Summary

CyberAgent’s consolidated financial results for the third quarter of fiscal year 2021, ending June 30, 2021, reveal a period of significant growth and upward momentum. Net sales reached ¥486.7 billion, a 36.1% increase year-on-year, while operating income surged by 171.9% to ¥77.5 billion. Profit attributable to shareholders of the parent saw the most dramatic rise, increasing 462.1% to ¥33.0 billion. This performance was driven primarily by the Game Business and the Internet Advertisement Business, leading the company to revise its full-year earnings and dividend forecasts upward. The Game Business served as a primary growth engine, with net sales rising 59.5% to ¥186.3 billion and operating income jumping 196.4% to ¥68.6 billion, largely due to the significant contribution of a new game title. The Internet Advertisement Business also achieved record-high net sales of ¥239.1 billion, up 17.0%, benefiting from a steadily expanding smartphone advertising market. While the Media Business, including ABEMA, reported an operating loss of ¥11.2 billion, this represented an improvement over the previous year’s loss as the company continues to invest in the platform as a long-term strategic pillar. Geographically focused on the Japanese market, the results reflect a cumulative nine-month period. The company’s financial position strengthened, with total assets increasing to ¥343.7 billion, supported by a four-for-one stock split executed in April 2021. Based on these results, CyberAgent raised its full-year sales forecast to ¥650 billion and its operating income forecast to ¥100 billion. The company also increased its year-end dividend forecast to ¥11 per share to maintain a Dividend on Equity (DOE) ratio of 5% or more, signaling confidence in its continued capital efficiency and business growth.

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FY2021 Third Quarter Consolidated Financial Results (Japanese GAAP)

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