FinancialCyberAgent
FY2025 Third Quarter Consolidated Financial Results: Japan
10 pages~18 min full read
CyberAgent reported a 40.1% increase in operating income to ¥48,798 million and a 63.7% surge in net income to ¥24,103 million for the third quarter of FY2025.
See it on page 1Consolidated net sales grew 5.8% year-over-year to ¥631,993 million, fueled by a 14.1% rise in Media & IP and a 7.1% increase in Internet Advertisement, despite a 7.1% decline in Game Business sales.
See it on page 4The Game Business segment achieved a 31.0% year-over-year rise in operating income, attributed to the successful launch of a console title, even as the company recorded ¥3,892 million in total impairment losses across segments.
See it on page 4Full-year FY2025 forecasts project net sales of ¥850,000 million (up 6.1%) and operating income of ¥66,000 million (up 64.7%).
See it on page 1The Internet Advertisement segment experienced a 4.6% year-over-year decline in operating income, primarily due to rising personnel costs.
See it on page 4The company maintains a stable cash position of ¥209 billion and has improved its equity ratio to 32.5% as of the end of the third quarter.
See it on page 5CyberAgent is establishing a new venture-capital fund, CA Startups Internet Fund No. 4, which will be classified as a specified subsidiary upon full funding.
See it on page 10CyberAgent, Inc. reported consolidated financial results for the third quarter of fiscal year 2025 (ending September 30, 2025) under Japanese GAAP. Net sales rose 5.8 % YoY to ¥631,993 million, driven by a 14.1 % increase in the Media & IP Business and a 7.1 % rise in Internet Advertisement sales, while Game Business sales fell 7.1 %. Operating income increased 40.1 % to ¥48,798 million; ordinary income grew 35.6 % to ¥48,631 million, and net income attributable to owners of the parent surged 63.7 % to ¥24,103 million. Basic earnings per share reached ¥47.59 (diluted ¥44.88). Total assets climbed to ¥530,931 million, equity rose to ¥273,654 million, and the equity ratio improved to 32.5 %. The company forecast full‑year FY2025 net income of ¥850,000 million (up 6.1 %) and operating income of ¥66,000 million (up 64.7 %). Dividend policy remains unchanged with a forecast of ¥17.00 million per share for FY2025.
Segment analysis shows Media & IP as the largest contributor, with operating income of ¥7,008 million; Internet Advertisement posted a 4.6 % YoY decline in operating income due to higher personnel costs; Game Business achieved a 31.0 % YoY rise in operating income after a successful console title launch; Investment Development recorded a modest operating loss. Impairment losses totaled ¥3,892 million across segments, primarily in Internet Advertisement and Game. The company’s cash position remained stable at ¥209 billion, while short‑term debt increased to ¥5.6 billion following the elimination of convertible bond current portions. No significant changes in accounting policies or segment structure were noted beyond the reclassification of “Other Businesses” into Media & IP. The report also announced the establishment of a new venture‑capital fund, CA Startups Internet Fund No. 4, which will become a specified subsidiary once fully funded.
