FinancialCyberAgent
FY2023 First Quarter Consolidated Financial Results: Japan
8 pages~15 min full read
CyberAgent reported a consolidated net loss of ¥5,002 million for FY2023 Q1, a significant reversal from the ¥19,804 million operating income recorded in the same period of the previous year.
See it on page 1Consolidated net sales declined by 2.1% to ¥167,577 million, as strong growth in the media business was insufficient to offset losses in the game and investment-development segments.
See it on page 4The company’s operating income swung to a loss of ¥1,255 million, with all business segments reporting operating losses during the quarter.
See it on page 6Total liabilities increased by ¥50.5 billion to ¥211,331 million, primarily due to the issuance of convertible bonds, which contributed to a decline in the equity ratio to 31.2%.
See it on page 4While internet advertising sales grew by 8.9%, the segment experienced a 13% drop in operating income.
See it on page 4Despite the poor quarterly performance, CyberAgent maintained its full-year FY2023 forecast, which projects a net income of ¥720 million and an operating loss of ¥40 billion.
See it on page 1CyberAgent’s FY2023 first‑quarter results show a 2.1 % decline in consolidated net sales to ¥167,577 million, driven by a 34.0 % rise in media‑business sales but offset by operating losses across all segments. Operating income swung from ¥19,804 million in the same period of FY2022 to a loss of ¥1,255 million, with ordinary income turning negative at ¥939 million and net loss attributable to the parent reaching ¥5,002 million. The group’s earnings per share turned negative; basic EPS was –¥9.88, and diluted EPS is not presented due to dilutive shares.
Total assets increased by ¥39.3 billion to ¥423,028 million, largely due to the issuance of convertible bonds, while total liabilities rose by ¥50.5 billion to ¥211,331 million, pushing the equity ratio down to 31.2 %. Shareholders’ equity fell by ¥11.2 billion, mainly from retained‑earnings erosion following dividend payments.
Segment performance varied: media sales grew but operating loss widened to ¥9,356 million; internet advertising maintained an 8.9 % sales increase yet saw a 13 % drop in operating income; game and investment‑development segments posted significant sales declines and losses. The forecast for FY2023 remains unchanged, projecting net income of ¥720 million against a 1.3 % sales increase and an operating loss of ¥40 billion.
The report covers Japan‑based operations for the fiscal year ending September 2023, using Japanese GAAP. No audit was performed on the consolidated results.
