Market Analysis
Report
Partial Correction to FY2024 First Quarter Consolidated Financial Results: Japan
CyberAgent, Inc. issued a partial correction to its FY2024 first‑quarter consolidated financial results under Japanese GAAP, released on January 31 2024. The correction addresses several numerical inaccuracies disclosed in a separate notice dated May 15 2025, but the company states that no substantive changes to financial statements or forecasts have been made. The corrected figures show a 15.1 % year‑on‑year increase in net sales to ¥192,655 million and an operating income of ¥5,864 million, reversing the prior‑year operating loss of ¥1,738 million. Ordinary income rose to ¥6,058 million from a loss of ¥1,421 million, and net income attributable to owners of the parent improved to a loss of ¥892 million versus a prior‑year loss of ¥5,391 million. Total assets declined to ¥464,799 million from ¥475,222 million, while equity fell to ¥218,032 million from ¥228,450 million, primarily due to dividend payments and retained‑earnings adjustments. Segment analysis highlights that the Media Business, driven by ABEMA, grew net sales 27.7 % to ¥42,784 million but still recorded an operating loss of ¥991 million. The Internet Advertisement Business posted a 9.9 % sales increase to ¥104,900 million with operating income of ¥5,246 million. Game Business sales rose 10.1 % to ¥45,043 million but saw a 32.9 % decline in operating income. Investment Development and Other Businesses reported modest sales increases but maintained small operating profits. The company’s FY2024 full‑year forecast remains unchanged: net sales of ¥750,000 million and net income of ¥30,000 million. No revisions to dividend forecasts were made. The correction does not affect audit status or forward‑looking statements, and the company confirms that its going‑concern assumption remains valid.
CyberAgent
Report
FY2024 First Quarter Consolidated Financial Results: Japan
CyberAgent, 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.
CyberAgent
