FinancialCyberAgent
FY2022 Second Quarter Consolidated Financial Results: Japan
10 pages~21 min full read
CyberAgent reported strong Q2 FY2022 growth with net sales rising 23% YoY to ¥362,192 million and operating income increasing 38% to ¥45,527 million.
See it on page 1The Game Development segment was a primary growth driver, achieving ¥127,342 million in sales (up 35.6%) and a 58% surge in operating income.
See it on page 4The Media Business, anchored by ABEMA, grew sales by 30% to ¥52,338 million while successfully narrowing its operating loss to ¥5,804 million.
See it on page 4Internet Advertising remains the company's largest revenue contributor at ¥184,855 million, though operating income growth for the segment was modest at 2%.
See it on page 4The company forecasts full-year net sales of ¥700,000 million and operating income of ¥70,000 million, anticipating a future pullback in game revenue.
See it on page 5Financial stability improved as the equity ratio rose to 35.7% and total liabilities decreased by ¥15.5 million.
See it on page 4Dividend guidance for the fiscal year is set at ¥14 per share, aiming for a 5% dividend yield.
See it on page 5CyberAgent reported a strong second‑quarter performance for the fiscal year ending September 2022, driven by growth in its media and internet advertising businesses. Net sales rose 23 % YoY to ¥362,192 million, while operating income increased 38 % to ¥45,527 million and ordinary income grew 38 % to ¥45,715 million. Profit attributable to shareholders of parent climbed 25 % to ¥17,155 million, and basic earnings per share reached ¥33.93 versus ¥27.13 in the prior year.
Segment analysis shows that the Media Business, anchored by ABEMA, generated ¥52,338 million in sales with a 30 % YoY increase and reduced its operating loss to ¥5,804 million. Internet Advertising posted ¥184,855 million in sales and a modest 2 % rise in operating income. Game Development delivered ¥127,342 million in sales with a 35.6 % increase and operating income surged 58 %. Investment Development and Other businesses recorded declines in sales and operating income.
Total assets increased to ¥385,731 million, with current assets up slightly and liabilities falling by ¥15.5 million, improving the equity ratio to 35.7 %. Cash and cash equivalents stood at ¥180,070 million after a net outflow of ¥4.0 billion in the quarter.
The company forecasts full‑year net sales at ¥700,000 million (5 % growth) and operating income of ¥70,000 million, anticipating a pullback in game revenue but continued growth in advertising and media. Dividend guidance for the year is set at ¥14 per share, targeting a 5 % dividend‑yield. The report reflects adoption of the new Japanese GAAP revenue recognition standard, with minimal impact on comparative figures.
