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Financial
FY2023 First Quarter Consolidated Financial Results [Japanese GAAP]
CyberAgent’s consolidated financial results for the first quarter of the fiscal year ending September 30, 2023, reveal a period of strategic investment and market fluctuation. Covering the period from October 1, 2022, to December 31, 2022, the data shows a slight year-on-year decline in net sales of 2.1%, totaling ¥167,577 million. The company shifted from a significant operating income of ¥19,804 million in the previous year to an operating loss of ¥1,255 million. This downturn resulted in a net loss attributable to owners of the parent of ¥5,002 million, compared to a ¥6,091 million profit in the same quarter of the prior year. Performance varied significantly across business segments. The Media Business, which includes ABEMA and Ameba, saw a 34% increase in net sales to ¥33,485 million, driven largely by the distribution of the FIFA World Cup Qatar 2022. However, high content and distribution costs led to an expanded operating loss of ¥9,356 million for the segment. The Internet Advertisement Business remained a stable core, growing sales by 8.9% to ¥95,639 million, though operating income dipped 13% due to economic conditions. Conversely, the Game Business experienced a sharp decline, with sales falling 29.9% to ¥40,916 million and operating income dropping 69.6% to ¥5,212 million as major titles moved away from their anniversary peaks. The consolidated financial position shows total assets increased to ¥423,028 million, primarily due to the issuance of convertible bonds, which also contributed to a rise in total liabilities to ¥211,331 million. Despite the quarterly loss, the company maintained its full-year forecast, projecting net sales of ¥720,000 million and operating income between ¥40,000 and ¥50,000 million. The report, prepared under Japanese GAAP, indicates that while short-term profitability was impacted by heavy media investments and game cycle volatility, the company continues to focus on the medium-to-long-term growth of its smartphone-based services.
CyberAgentJan 2023
Financial
FY2022 Second Quarter Consolidated Financial Results (Japanese GAAP)
CyberAgent achieved significant financial growth during the second quarter of fiscal year 2022, characterized by a 23.0% year-on-year increase in net sales to ¥362,192 million and a 38.2% rise in operating income to ¥45,527 million. This performance was primarily anchored by the Game Business, which experienced a 58.2% surge in operating income driven by high-profile anniversary events for major titles. Simultaneously, the Internet Advertisement Business reached record-high performance levels, further stabilizing the company’s revenue base. While the Media segment, centered on the ABEMA platform, reported a loss of ¥5,804 million, this reflects a deliberate strategy of medium-to-long-term investment to scale the service. The geographic focus remains centered on the Japanese market, with results reflecting the implementation of new revenue recognition standards. These accounting changes shifted the timing of game item charge recognition to align with estimated usage periods, though the overall impact on consolidated sales and segment income remained minor. Despite the robust quarterly figures, management maintains a conservative outlook for the remainder of the fiscal year, anticipating a potential pullback in gaming profits as the immediate impact of major events stabilizes. The financial data reveals a stark contrast between the high-earning Game segment, which contributed ¥38,529 million in income, and the strategic losses incurred in the Media division. This disparity underscores a corporate strategy that utilizes the high margins of the gaming and advertising sectors to fund the expansion of digital media infrastructure. Overall, the results demonstrate a strong competitive position in the Japanese digital entertainment and advertising landscapes, supported by diversified revenue streams and a commitment to long-term platform growth.
CyberAgentApr 2022
Financial
FY2021 First Quarter Consolidated Financial Results [Japanese GAAP]
CyberAgent’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.
CyberAgentJan 2021
Financial
FY2021 Second Quarter Consolidated Financial Results (Japanese GAAP)
CyberAgent 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.
CyberAgentApr 2021