FinancialCyberAgent
FY2024 First Quarter Consolidated Financial Results: Japan
7 pages~13 min full read
CyberAgent returned to profitability in Q1 FY2024, reporting an operating income of ¥6,284 million compared to an operating loss of ¥1,255 million in the same period last year.
See it on page 1Net sales grew 15.2% year-on-year to ¥193,075 million, driven by growth across all primary business segments.
See it on page 4The Media Business, anchored by ABEMA, significantly reduced its operating loss from ¥9,356 million to ¥991 million while achieving a 27.8% increase in sales to ¥42,784 million.
See it on page 4The Game Business saw a 10.1% increase in sales to ¥45,043 million, though operating income declined by 32.9% to ¥3,495 million.
See it on page 4The Internet Advertisement Business remains the company's largest revenue driver, contributing ¥105,320 million in sales and ¥5,667 million in operating income.
See it on page 4The company’s equity ratio decreased to 28.8% from 30.2%, primarily due to a ¥9,997 million reduction in shareholders’ equity resulting from dividend payouts.
See it on page 1CyberAgent maintained its full-year FY2024 forecast, projecting ¥30,000 million in operating income and ¥750 million in net income.
See it on page 1CyberAgent, Inc. reported FY2024 first‑quarter results (October 1–December 31 2023) under Japanese GAAP, showing a 15.2 % year‑on‑year increase in net sales to ¥193,075 million and a turnaround from an operating loss of ¥1,255 million in FY2023 to an operating income of ¥6,284 million. Ordinary income rose from a loss of ¥939 million to a profit of ¥6,478 million, while net income attributable to owners of parent improved from a loss of ¥5,002 million to ¥472 million. Net income attributable to non‑controlling interests also declined from ¥1,272 million to ¥278 million. The company’s equity ratio fell slightly from 30.2 % to 28.8 %, reflecting a ¥9,997 million drop in shareholders’ equity mainly due to retained‑earnings erosion from dividend payouts.
Segment analysis highlights that the Media Business, driven by ABEMA, generated ¥42,784 million in sales (27.8 % YoY) and narrowed its operating loss to ¥991 million from a prior‑year loss of ¥9,356 million. The Internet Advertisement Business posted ¥105,320 million in sales (10.1 % YoY) with operating income of ¥5,667 million. Game Business sales increased 10.1 % to ¥45,043 million but operating income fell 32.9 % to ¥3,495 million. Investment Development and Other Businesses recorded modest sales growth of 344 % and 31 %, respectively, with small operating profits.
Total assets declined by ¥9,144 million to ¥468,681 million, while total liabilities rose by ¥852 million to ¥246,767 million. Cash and deposits decreased due to tax and dividend payments, whereas accounts payable increased with higher sales. The company maintained its FY2024 full‑year forecast unchanged: net income of ¥750 million (≈¥15.80 per share) and operating income of ¥30,000 million (≈¥20.4 per share). No accounting policy changes or significant subsidiary adjustments were reported, and the company confirmed its going‑concern assumption.
