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Financial Results for the Second Quarter Ending December 2025: Japan

Aiming Inc. reported its second‑quarter results for the fiscal year ending December 2025, covering January 1 to June 30. Consolidated revenue rose 11.0 % year‑over‑year to ¥8,989 million, while operating profit improved from a loss of ¥748 million in the same period 2024 to a gain of ¥1,843 million. Ordinary profit increased from a loss of ¥553 million to ¥1,118 million, and net income attributable to parent shareholders grew from a loss of ¥934 million to a profit of ¥827 million. Earnings per share remained flat at ¥17.73, reflecting the absence of dilutive potential shares during this period. Total assets expanded to ¥8,667 million from ¥8,154 million, with shareholders’ equity rising to ¥6,766 million and the equity ratio climbing from 71.0 % to 76.7 %. Cash and cash equivalents increased markedly, while accounts receivable fell, indicating stronger liquidity management. The company’s only operating segment is online gaming, primarily on smartphones, and it noted that short‑term market volatility hampers precise forecasting. Dividend guidance for 2025 remains undetermined, and no dividends were declared in the first half. The company provided a third‑quarter outlook for the remainder of 2025, projecting cumulative revenue of ¥12,639 million and operating profit of ¥1,834 million. No material accounting policy changes or restatements were reported for the period. The results reflect a turnaround in profitability driven by higher gross margins and reduced operating expenses, positioning the firm for continued growth within its single‑segment online gaming market.

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Aiming

Report

Consolidated Financial Results: Q3 2025

Aiming Inc. reported a consolidated Q3 2025 financial performance for the period ending September 30, 2025. Total revenue rose to ¥12,639 million, a 7.3 % increase over the same quarter in 2024, driven by sustained growth in its core online‑game segment. Operating profit swung from a loss of ¥1,303 million in Q3 2024 to a profit of ¥2,098 million in Q3 2025, while ordinary profit improved from a loss of ¥1,032 million to a gain of ¥1,486 million. Net income attributable to parent shareholders reached ¥1,174 million, reversing a loss of ¥971 million in the prior year. Earnings per share after potential adjustments stood at ¥25.17, up from a loss of ¥21.55 in Q3 2024. Balance‑sheet strength increased, with total assets rising to ¥9,148 million from ¥8,154 million. Net equity grew by ¥1,000 million to ¥7,064 million, supported by a rise in retained earnings and an increase in capital surplus following a change in ownership stakes of the joint‑venture “2.5次元の誘惑” production committee. Total liabilities remained stable at ¥2,084 million. The company’s single operating segment—online gaming—continued to expand its user base through event‑driven content and IP collaborations, notably with Square Enix. Research and development expenditures were ¥728 million in Q3 2025, unchanged from the prior year. A planned dissolution of the joint‑venture production committee on September 30, 2025 is expected to have a minimal impact on the fiscal year 2025 results. The company forecasts full‑year revenue of ¥15,980 million and a net profit margin of 1.9 %, reflecting modest growth expectations for the remainder of the year.

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Aiming

Report

Supporting Document: Quarterly Transition by Business Segment

The quarterly transition data for FY2025 and FY2026 outlines revenue, operating profit, and operating margin trends across four business segments: Media & IP, Internet Advertisement, Game, and Investment Development. In FY2025, total sales reached 874 million yen, with the Game segment contributing the largest share at 216.7 million yen (24.9% of total). Operating profit totaled 71.7 million yen, driven primarily by the Game segment’s 60.8 million yen profit (84.7% of total). The Investment Development segment recorded a loss of 1.5 million yen, reflecting significant volatility. For FY2026, sales dropped to 232 million yen, with the Media & IP segment accounting for 62.6 million yen (27% of total). Operating profit fell to 23.4 million yen, largely due to the Media & IP segment’s modest 4.9 million yen profit and a loss of 552 k yen in Investment Development. The Game segment’s contribution was absent, indicating a zero‑sales quarter for this period. Operating margin analysis shows the Game segment maintained high profitability in FY2025, with margins peaking at 33.5% in Q4 and an average of 27.3%. In FY2026, margins declined sharply across all segments; Media & IP fell to 2.0% in Q4, Internet Advertisement to 3.0%, and Investment Development suffered a severe negative margin of –285.5% in Q4, averaging –264.0% for the year. Methodologically, figures are presented in million yen units, with quarterly breakdowns and adjustments noted. The data covers Japanese domestic operations for the fiscal years 2025 and 2026, focusing on revenue generation, profitability, and margin performance across the company’s core business lines.

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CyberAgent

Report

Quarterly Transition by Business Segment: Japan

The quarterly transition analysis for Japan’s business segments presents detailed financial performance for FY2024 and FY2025, focusing on Media & IP, Internet Advertisement, Game, and Investment Development divisions. Sales figures reveal that the Internet Advertisement Business consistently leads with a FY2024 total of ¥434,612 million and a FY2025 total of ¥461,220 million. The Game Business shows the most volatility, peaking in Q2 FY2024 at ¥67,170 million before declining to ¥38,856 million in Q3. Media & IP sales remain relatively stable around ¥50–52 billion per quarter, while Investment Development remains a minor contributor with totals under ¥7 billion. Operating profit (OP) highlights divergent profitability across segments. The Game Business delivers the highest OP, reaching ¥31,055 million in Q1 FY2024 and sustaining strong quarterly results thereafter. Internet Advertisement maintains steady OP around ¥5–6 billion each quarter, whereas Media & IP oscillates between losses and modest gains, culminating in a FY2024 total OP of ¥8,262 million. Investment Development experiences significant swings, with a notable loss in Q2 FY2024 but a recovery to ¥1,756 million in Q4. Operating profit margins (OPM) excluding special incentives illustrate segment efficiency. Game Business achieves the highest margin, peaking at 33.5% in Q3 FY2024 and maintaining a FY2025 average of 28%. Internet Advertisement sustains margins around 5%, while Media & IP remains near break‑even, fluctuating between –1.6% and 5.8%. Investment Development shows extreme volatility, with a negative margin of –406.5% in Q2 FY2024 and a positive 33.5% in Q4, resulting in an overall FY2024 margin of 3.6%. The data cover the Japanese market over two fiscal years, with quarterly granularity and corrections applied as of May 15 2025. The analysis relies on internal financial statements, presenting a comprehensive view of segment performance and profitability trends.

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CyberAgent

Report

Quarterly Transition by Business Segment: Japan

The quarterly transition analysis for Japan’s business segments presents sales, operating profit, and operating margin data for FY2024 and FY2025. Sales figures are expressed in millions of yen, with a total revenue of ¥801 billion for FY2024 and ¥631 billion for FY2025 after adjustments. The Media & IP segment generated the highest revenue in both years, followed by Internet Advertisement and Game segments; Investment Development contributed a modest ¥6 billion in FY2024 but only ¥1.4 billion in FY2025. Operating profit trends reveal a strong performance for the Game segment, which posted ¥31 billion in FY2024 and ¥35 billion in FY2025, driven by a peak of ¥18 billion in Q2 2024. The Internet Advertisement segment maintained consistent profitability, averaging ¥5 billion per quarter across both fiscal years. Media & IP experienced volatility, with a loss in Q1 and Q4 of FY2024 but a modest profit in Q2. Investment Development showed significant swings, including a negative operating profit of ¥1 billion in Q2 2024. Operating margin analysis (excluding special incentives) highlights the Game segment’s superior profitability, achieving an average margin of 25.1 % over FY2024 and FY2025. Media & IP margins hovered near zero, while Internet Advertisement maintained a stable 4–5 % margin. Investment Development’s margin was highly variable, averaging –60 %, reflecting its investment‑heavy nature. The data cover all four quarters of FY2024 and FY2025, focusing on Japan’s domestic market. Figures were corrected as of May 15 2025 and include adjustment amounts to reconcile interim reporting discrepancies.

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CyberAgent

Report

FY2025 Third Quarter Consolidated Financial Results: Japan

CyberAgent, 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.

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CyberAgent

Report

FY2025 First Quarter Consolidated Financial Results: Japan GAAP

CyberAgent, Inc. reported a first‑quarter fiscal 2025 performance that marked a turnaround from the prior year’s loss. Net sales rose 5.6 % to ¥203,842 million, driven by a 10.5 % increase in the Media & IP Business (¥55,638 million) and an 11.8 % rise in Internet Advertisement sales (¥117,792 million). Operating income surged 32.1 % to ¥8,301 million, converting the prior‑year operating loss of ¥796 million into a profit. Ordinary income climbed 35.9 % to ¥8,806 million, and net income attributable to the parent rose from a loss of ¥472 million to a profit of ¥5,071 million. Earnings per share improved from a negative ¥0.93 to ¥10.01 basic and ¥9.21 diluted. Total assets increased modestly to ¥524,972 million, while equity fell slightly to ¥252,002 million due mainly to dividend payouts. The company’s forecast for FY2025 remains unchanged: net sales of ¥820,000 million (2.1 % growth) and operating income of ¥42,000 million (0.4 % growth). Dividend policy is unchanged, with a forecast annual dividend of ¥17.00 per share. The report covers Japan GAAP operations across four segments—Media & IP, Internet Advertisement, Game, and Investment Development—within the Japanese market for FY2025. No significant accounting policy changes or restatements were noted, and the company confirmed its going‑concern assumption. The financial statements are based on a consolidated basis, with 506 million shares outstanding and no material changes in the scope of consolidation.

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CyberAgent

Report

FY2025 First Half Consolidated Financial Results: Japan

CyberAgent, Inc. reported first‑half FY2025 consolidated results under Japanese GAAP, showing a 3.4 % rise in net sales to ¥421,214 million and operating income up 9.7 % to ¥29,169 million. Ordinary income attributable to owners increased 8.0 % to ¥29,178 million, while net income attributable to the parent surged 74.2 % to ¥15,863 million, driven by a strong performance in the newly defined Media & IP Business and Internet Advertisement segments. The Media & IP segment recorded ¥112,721 million in sales (12.4 % YoY) and a shift from an operating loss to a profit of ¥4,729 million. Internet Advertisement sales rose 11.1 % to ¥235,356 million with operating income up 11.6 %. Game Business sales fell 20.1 % to ¥89,713 million, though operating income decreased only 13.9 %. Investment Development sales declined 28.6 % to ¥628 million, with an operating loss of ¥749 million. Total assets increased to ¥520,288 million, equity rose to ¥262,428 million, and the equity ratio improved to 31.3 %. Cash and cash equivalents fell by ¥10,734 million to ¥200,400 million, largely due to operating cash inflows offset by investing and financing outflows, including a ¥20,000 million redemption of convertible bonds. Net income for the full year is forecast at ¥820,000 million, up 2.3 % YoY, with operating income projected at ¥42,000 million (4.8 %) and ordinary income at ¥42,000 million (5.8 %). The company maintains its dividend policy with a forecast of ¥17 million per share for FY2025, unchanged from prior guidance.

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CyberAgent

Report

FY2024 Third Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. reported a strong third‑quarter performance for FY2024, with net sales rising 11.9% year‑on‑year to ¥598 584 million and operating income increasing 89.5% to ¥35 932 million. Ordinary income attributable to owners surged 339.3% to ¥15 825 million, driven by record growth in the Internet Advertisement and Game segments. Net income attributable to owners rose 339% from ¥3 602 million in the same period of FY2023 to ¥15 825 million, while diluted earnings per share climbed from ¥6.34 to ¥28.76. Segment analysis shows the Media Business, anchored by ABEMA, generated ¥125 885 million in sales with a reduced operating loss of ¥489 million. The Internet Advertisement segment achieved ¥324 839 million in sales, operating income of ¥17 553 million. The Game Business contributed ¥151 070 million in sales and ¥26 844 million in operating income. Investment Development and Other segments posted modest sales but contributed to overall profitability. Total assets increased to ¥496 756 million, driven mainly by cash and deposits, while total liabilities rose modestly to ¥251 706 million. Equity stood at ¥245 049 million, with an equity ratio of 30.9%. The company maintained a stable share count of approximately 506 million shares outstanding. CyberAgent revised its FY2024 earnings forecast upward, projecting net income of ¥790 000 million and operating income of ¥41 000 million. The company also announced the acquisition of Nitroplus Co., Ltd., a content‑creation firm, to enhance its IP and media mix capabilities. The acquisition is expected to strengthen CyberAgent’s position in global entertainment markets, aligning with its strategy of integrating technology and creativity across digital platforms.

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CyberAgent

Report

FY2024 Presentation Material: January to March 2024

The presentation outlines CyberAgent’s FY2024 performance, emphasizing record sales and operating profit growth across its three core businesses—Internet Advertising, Media (ABEMA), and Game. Consolidated sales reached ¥215.1 billion in Q2, up 10.0% YoY, while operating profit rose to ¥21.0 billion, a 12.2% increase and the first time surpassing ¥20 billion in eight quarters. Internet Advertising sales climbed 7.1% YoY to ¥107.3 billion, with operating profit up 19.6%. The Media segment achieved a new high of ¥42.0 billion in sales, up 25.8% YoY, and turned profitable for the first time since Q2 2023; operating profit increased 0.7 billion yen. Game sales grew 8.1% YoY to ¥67.1 billion, driven by the launch of “Granblue Fantasy: Relink,” which sold one million units within eleven days, and by anniversary events for major titles; operating profit surged 19.8% YoY. Financially, SG&A expenses increased modestly by 2.9%, while cash deposits and fixed assets grew significantly, reflecting investment in technology and talent. Net income attributable to shareholders rose 30.8% YoY to ¥10.3 billion, offset by a temporary extraordinary loss. The company’s strategy focuses on leveraging generative AI and large‑language models (CyberAgentLM) to enhance ad creative, expand ABEMA’s sports content through partnerships with DAZN and WOWSPO, and sustain game revenue by launching new titles such as “Granblue Fantasy Versus” and “Umamusume Pretty Derby.” The overarching goal is to increase sales and profits, with FY2023 operating profit as a low point, and to position CyberAgent as a global digital media and technology leader.

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CyberAgent

Report

FY2024 Second Quarter Consolidated Financial Results: Japan

CyberAgent’s FY2024 second‑quarter results show a robust 12.4 % rise in net sales to ¥408,205 million, driven by growth across its media, internet advertising, and game segments. Operating income surged 56 % to ¥27,355 million, while ordinary income climbed 55 % to ¥27,788 million. Net income attributable to the parent ballooned 240 % to ¥9,866 million, with earnings per share rising from ¥5.72 (basic) to ¥19.48 in the quarter. Segment performance highlights include a 26.8 % increase in ABEMA‑related media sales to ¥84,880 million, an 8.6 % rise in internet advertising revenue to ¥212,658 million, and an 8.9 % rise in game sales to ¥112,213 million. The investment development segment recorded a 27.6 % decline in sales to ¥880 million, reflecting a shift away from venture activities. Total assets grew by ¥21.9 billion to ¥499,775 million, with current assets expanding due to higher receivables and contract assets. Total liabilities increased by ¥14.4 billion, mainly from higher accounts payable and tax payables, while equity rose by ¥7.5 billion to ¥239,441 million. Cash and cash equivalents increased by ¥3.8 billion to ¥205,575 million. Cash flow from operations improved markedly, providing ¥23,008 million in net inflow versus ¥14,080 million the prior year. Investing cash outflows were lower than in 2023, and financing activities shifted from a net inflow to a net outflow due largely to dividend payments. The company maintains its FY2024 full‑year forecast of ¥750 billion in net sales and ¥30 billion in operating income, unchanged from the November 2023 guidance. No revisions to accounting policies or significant subsidiary changes were reported, and the forecast remains subject to market uncertainties.

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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.

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CyberAgent

Report

FY2023 First Quarter Consolidated Financial Results: Japan

CyberAgent’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.

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CyberAgent

Report

FY2021 Third Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. reported a strong third‑quarter performance for FY2021 under Japanese GAAP, with net sales rising 36.1 % YoY to ¥486.7 billion and operating income surging 171.9 % YoY to ¥77.5 billion. Ordinary income increased 173.3 % to ¥77.8 billion, while profit attributable to shareholders of the parent jumped 462.1 % to ¥33.0 billion, reflecting a cumulative comprehensive income of ¥49.7 billion (288.8 % YoY). Basic earnings per share reached ¥65.46, up from ¥11.65 in FY2020, after a four‑for‑one stock split effective April 1 2021. Total assets grew to ¥343.7 billion, driven by a ¥82.9 billion increase in current assets, while total liabilities rose to ¥165.6 billion, mainly due to higher accounts payable and short‑term loans. Shareholders’ equity expanded to ¥110.5 billion, with retained earnings rising by ¥50.4 billion. Segment analysis shows the Internet Advertisement Business delivering record net sales of ¥239.1 billion (17 % YoY) and operating income of ¥18.1 billion, while the Game Business posted net sales of ¥186.3 billion (59.5 % YoY) and operating income of ¥68.6 billion, a 196.4 % increase. The Media Business, despite continued investment in ABEMA, achieved net sales of ¥60.2 billion (52.6 % YoY) with an operating loss of ¥11.2 billion, reduced from ¥13.3 billion the prior year. The company revised its full‑year earnings forecast upward and increased the FY2021 dividend to ¥11.00 per share (¥44 pre‑split), targeting a 5 % or higher dividend payout ratio. The results underscore CyberAgent’s strategy of leveraging smartphone‑focused advertising growth while investing heavily in media and gaming assets to sustain long‑term profitability.

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CyberAgent

Report

FY2021 Second Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. reported consolidated financial results for the second quarter of fiscal 2021 (October 1 2020–March 31 2021). Net sales rose 20.3 % YoY to ¥294,497 million, driven by a 54.6 % increase in media business sales and a record high of ¥157,228 million in internet advertising. Operating income surged 62.8 % to ¥32,932 million, and profit attributable to shareholders of parent climbed 187.7 % to ¥13,694 million, reflecting gains from game development and investment‑development segments. Comprehensive income reached ¥18,233 million, up 170.9 % YoY. Total assets increased to ¥300,365 million, with accounts receivable expanding markedly due to higher sales. Net assets rose to ¥146,617 million, and shareholders’ equity ratio fell slightly from 34.3 % to 33.3 %. Cash and cash equivalents declined by ¥1,984 million to ¥100,384 million; operating cash flow was ¥10,082 million, while investing activities used ¥12,935 million and financing activities provided ¥600 million. The company revised its full‑year earnings forecast upward, projecting net sales of ¥600,000 million and operating income of ¥57,500 million. Dividend policy was adjusted to a year‑end forecast of ¥10.00 per share (¥40 pre‑split), targeting a dividend‑yield of 5 % or more. A four‑for‑one stock split effective April 1, 2021 increased issued shares to 505.7 million and prompted adjustments to convertible bond conversion prices and stock‑acquisition‑right exercise prices. The results reflect continued investment in the media platform ABEMA while capitalizing on growth in advertising and gaming, positioning CyberAgent for medium‑to‑long‑term shareholder value creation.

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CyberAgent

Report

FY2021 First Quarter Consolidated Financial Results: Japan GAAP

CyberAgent Inc. reported consolidated results for the first quarter of FY2021, ending September 30 2021, showing a 13.3 % increase in net sales to ¥131,014 million versus ¥115,681 million in the same period of FY2020. Operating income fell 8.7 % to ¥7,058 million from ¥7,733 million, while ordinary income declined 10.2 % to ¥6,932 million. Profit attributable to shareholders of the parent rose sharply by 101.3 % to ¥2,930 million, driven largely by gains in the investment development segment and a reduction of operating losses in media. Basic earnings per share increased to ¥23.22 from ¥11.55, and diluted EPS reached ¥21.87. Total assets decreased to ¥252,094 million from ¥260,766 million, largely due to a reduction in cash and deposits following corporate tax payments. Net assets fell to ¥122,436 million from ¥127,678 million, and the shareholders’ equity ratio declined to 33.3 % from 34.3 %. The company maintained a stable share count of approximately 126 million shares outstanding, with treasury stock reduced to 241,942 shares. Segment analysis revealed that the media business grew net sales by 67 % to ¥20,428 million but remained loss‑making at ¥3.926 billion. Internet advertising achieved a record net sales of ¥76,587 million with operating income up 0.8 % to ¥5,705 million. Game business sales fell 15 % to ¥29,954 million, and operating income dropped 77.8 %. Investment development sales surged 79.9 % to ¥5,314 million with operating income up 74 %. Other businesses grew modestly by 12.5 % to ¥5,223 million. The company’s FY2021 full‑year forecast remains unchanged from the October 28, 2020 announcement, projecting net sales of ¥500,000 million and operating income of ¥30,000 million. No revisions to dividend forecasts were made for FY2021.

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CyberAgent

Report

FY2020 Third Quarter Consolidated Financial Results: Japan

CyberAgent Inc. reported consolidated financial results for the third quarter of FY2020, ending September 30, 2020. Net sales increased by 4.6 % year‑on‑year to ¥357,708 million, driven by growth in the Internet advertisement and game segments. Operating income rose 21.9 % to ¥28,511 million, and ordinary income climbed 22.8 % to ¥28,463 million; profit attributable to shareholders of the parent surged 230.9 % to ¥5,879 million, reflecting a strong rebound after a loss in the prior year. Basic earnings per share reached ¥46.63, up from ¥14.10 in FY2019. Total assets grew to ¥235,860 million, with cash and deposits rising by ¥5,860 million. Net assets increased to ¥120,362 million, and the shareholders’ equity ratio improved slightly from 35.2 % to 35.7 %. The company maintained a dividend policy of ¥33 million per share for FY2020, unchanged from the previous year. Segment analysis shows the media business (including ABEAMA and Ameba) generated ¥39,437 million in sales with a modest operating loss of ¥13.288 million; the game business delivered ¥116,815 million in sales and ¥23,142 million in operating income; the Internet advertisement segment achieved ¥204,419 million in sales and ¥17,130 million in operating income. Investment development and other businesses contributed smaller amounts. The forecast for FY2020 remains unchanged, projecting net sales of ¥465 000 million and operating income of ¥28 000 million. The results reflect CyberAgent’s focus on smartphone‑centric advertising and investment in long‑term growth assets amid a recovering digital ad market.

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CyberAgent

Report

FY2020 Second Quarter Consolidated Financial Results: Japan

CyberAgent Inc. reported its FY2020 second‑quarter consolidated results for the period ending March 31, 2020. Net sales rose 7.3 % year‑on‑year to ¥244,853 million, driven by growth in the media, game and internet advertising segments. Operating income increased 45 % to ¥20,231 million, while ordinary income climbed 47 % to ¥20,234 million. Profit attributable to shareholders of the parent surged 338 % to ¥4,760 million, reflecting a sharp turnaround from a loss of ¥1,087 million in the same quarter of FY2019. Basic earnings per share rose from ¥8.63 to ¥37.76, and diluted EPS increased from ¥7.91 to ¥35.55. Total assets grew by ¥16,242 million to ¥241,118 million, with accounts receivable expanding due to higher sales. Total liabilities increased by ¥12,113 million, mainly from accounts payable. Net assets rose to ¥114,482 million, and the shareholders’ equity ratio fell slightly from 35.2 % to 32.9 %. Cash and cash equivalents increased by ¥395 million to ¥84,959 million. Operating activities generated a net cash inflow of ¥11,574 million, while investing and financing activities used cash, resulting in a modest net increase. Segment analysis shows the media business (including ABEMA and Ameba) posted ¥26,043 million in sales with a slight operating loss of ¥9,288 million; the game business achieved ¥80,103 million in sales and ¥15,560 million operating income; internet advertising generated ¥140,110 million in sales and ¥12,389 million operating income. The investment development segment recorded a decline of 32.8 % in sales to ¥3,380 million. The company forecasts FY2020 net sales of ¥465,000 million and operating income of ¥28,000 million, unchanged from the original October 2019 forecast. No revisions to dividend forecasts were made; a single annual dividend of ¥33 million per share is expected. The report covers Japan‑based operations, reflects a full fiscal year ending September 30, 2020, and is based on consolidated financial statements prepared under Japanese GAAP.

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CyberAgent

Report

1Q FY2020 Presentation Material

The presentation outlines the financial performance and strategic outlook of a Japanese media company for the first quarter of fiscal 2020, with comparative data through FY2016‑FY2019. Revenue figures are highlighted, showing a total of 115.6 billion yen in FY2020, with quarterly growth rates ranging from 24% to 28%. Operating income for the quarter is reported at 7.7 billion yen, representing a 24‑28% increase year‑over‑year and translating to an operating margin of approximately 32%. Net profit for the period is 1.4 billion yen, a 15‑18% rise, yielding a net margin near 10%. The document also presents quarterly revenue trends across the five-year span, indicating steady top‑line growth and improving profitability. Key product highlights include several mobile titles such as “Princess Connect!” and “Granblue Fantasy,” with release dates noted for 2019‑2020. The presentation details the company’s digital streaming arm, AbemaTV, noting subscriber counts (over 7 million) and advertising revenue growth. A medium‑to‑long‑term sales pipeline is outlined, emphasizing monetization through related businesses, advertising expansion, and subscription growth. Geographic coverage is limited to Japan, with the time period focused on FY2016‑FY2020. Methodology is implied through internal financial reporting and market data, though specific survey or external data sources are not disclosed. Overall, the material presents a positive trajectory for revenue and profitability while outlining strategic initiatives to sustain growth in digital media and streaming services.

market-analysis mobile japan+1

CyberAgent

Report

Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2025: Japan

KLab Inc. reported consolidated financial results for the third quarter of fiscal year 2025, covering January through September 2025. Revenue declined by 18.6 % to ¥4,933 million from ¥6,059 million in the same period of fiscal 2024, driven mainly by lower performance of the Captain Tsubasa: Dream Team title and weaker content revenue. Cost of sales fell 18.8 % to ¥4,342 million, reflecting reduced commission payments and a comprehensive reduction in labor, outsourcing, and subcontracting costs. Selling, general and administrative expenses decreased 20.3 % to ¥1,453 million. The company recorded a gain on sale of investment securities of ¥1,578 million as extraordinary income but incurred an impairment loss of ¥4,427 million on software assets for EA SPORTS FC™ TACTICAL. Operating loss narrowed to ¥860 million from ¥1,113 million year‑on‑year. Ordinary loss improved to ¥1,046 million from ¥1,182 million, yet net loss attributable to owners of parent widened to ¥3,975 million from ¥1,757 million. Total assets contracted to ¥10,461 million, with net assets falling to ¥7,195 million and equity ratio at 68.5 %. The company disclosed no dividend payments for FY2024 or FY2025 and declined to provide a fiscal‑year forecast due to market volatility. KLab highlighted ongoing concerns, citing four consecutive operating deficits and negative cash flows, while outlining strategic initiatives in AI, blockchain, and entertainment to restore profitability. The report covers Japan‑based operations under Japanese GAAP for the first nine months of FY2025, with data derived from consolidated financial statements and accompanying notes.

market-analysis investment japan+1

KLab