CyberAgent

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.

Representative Director, CEO, and President (Corrections / Corrections of Numerical Data) Partial Correction to FY2021 Consolidated Financial CyberAgent, Inc. today announced a correction to part of the "FY2021 Consolidated Financial Results [Japanese GAAP]," which was disclosed on October 27, 2021. The details of the correction are as follows.

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.

This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. FY2021 Consolidated Financial Results [Japanese GAAP] Listed company name: CyberAgent, Inc. Listed stock exchange: TSE 1st section Code No.: 4751 URL https://www.cyberagent.co.jp/ en/ Representative: President Susumu Fujita Inquir...

CyberAgent, Inc. reported consolidated financial results for the first quarter of fiscal 2022 (October 1 – December 31 , 2021) under Japanese GAAP. Net sales rose 30.6 % YoY to ¥171,090 million, driven by a 14.7 % increase in the Internet Advertisement segment and a 94.7 % jump in Game sales, while Media (ABEMA) contributed ¥24,996 million with a modest operating loss of ¥3.84 billion. Operating income surged 180.6 % to ¥19,804 million, and ordinary income climbed 186.1 % to ¥19,836 million, resulting in profit attributable to shareholders of parent up 107.9 % at ¥6,091 million. Basic earnings per share reached ¥12.05 and diluted EPS ¥11.39, reflecting a four‑for‑one stock split effective April 2021.

Total assets declined to ¥353,904 million from ¥382,578 million, mainly due to reduced cash and deposits after corporate tax and dividend payments. Net assets increased slightly to ¥195,788 million, with shareholders’ equity ratio improving to 35.8 %. The company disclosed no dividend for FY2022, with the year‑end dividend yet to be determined.

Methodologically, revenue recognition changed per ASBJ Statement 29 (March 2020), affecting game‑segment accounting. No significant changes in subsidiaries or accounting estimates were reported. The company withheld a FY2022 earnings forecast, citing volatility from game releases and media investments, but indicated ongoing monitoring of performance.

1Q FY2022 Presentation Material The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various 1. Quarterly Results _(October- December 2021) 3. Internet Advertisement Business 6. Medium to long-term strategy FY2022 Sales and OP were off to a strong start.

CyberAgent reported a strong second‑quarter performance for the fiscal year ending September 2022, driven by growth in its media and internet advertising businesses. Net sales rose 23 % YoY to ¥362,192 million, while operating income increased 38 % to ¥45,527 million and ordinary income grew 38 % to ¥45,715 million. Profit attributable to shareholders of parent climbed 25 % to ¥17,155 million, and basic earnings per share reached ¥33.93 versus ¥27.13 in the prior year.

Segment analysis shows that the Media Business, anchored by ABEMA, generated ¥52,338 million in sales with a 30 % YoY increase and reduced its operating loss to ¥5,804 million. Internet Advertising posted ¥184,855 million in sales and a modest 2 % rise in operating income. Game Development delivered ¥127,342 million in sales with a 35.6 % increase and operating income surged 58 %. Investment Development and Other businesses recorded declines in sales and operating income.

Total assets increased to ¥385,731 million, with current assets up slightly and liabilities falling by ¥15.5 million, improving the equity ratio to 35.7 %. Cash and cash equivalents stood at ¥180,070 million after a net outflow of ¥4.0 billion in the quarter.

The company forecasts full‑year net sales at ¥700,000 million (5 % growth) and operating income of ¥70,000 million, anticipating a pullback in game revenue but continued growth in advertising and media. Dividend guidance for the year is set at ¥14 per share, targeting a 5 % dividend‑yield. The report reflects adoption of the new Japanese GAAP revenue recognition standard, with minimal impact on comparative figures.

3Q FY2022 Presentation Material The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various 1. Quarterly Results (April - June 2022) 3. Internet Advertisement Business 6. Medium to long-term strategy FY2022 Game sales declined from the peak made by the title released last year.

CyberAgent, Inc. reported FY2022 third‑quarter results under Japanese GAAP for the period ending June 30, 2022. Net sales rose 9.8 % year‑on‑year to ¥534,348 million, driven by a 36.0 % increase in ABEMA pay‑per‑view revenue and a 19.0 % rise in internet advertising sales, which reached ¥284,428 million. Operating income fell 27.9 % to ¥55,898 million, and ordinary income declined 27.7 % to ¥56,266 million, reflecting higher operating costs and a shift in revenue recognition for game‑related items. Profit attributable to shareholders of parent contracted 37.4 % to ¥20,701 million, with earnings per share dropping from ¥65.46 (basic) to ¥40.94.

Total assets decreased by ¥7,882 million to ¥374,695 million, largely due to cash outflows for corporate tax and dividends. Net assets increased by ¥22,537 million to ¥216,683 million, supported by retained earnings growth. Shareholders’ equity ratio improved from 33.7 % to 37.5 %. The company maintained a four‑for‑one stock split effective April 1, 2021, and treasury stock holdings increased to 1,004 shares.

The FY2022 full‑year forecast remains unchanged at ¥700,000 million in net sales and a 5.0 % operating income increase to ¥70,000 million, with profit attributable to shareholders projected at ¥25,000 million. The forecast acknowledges potential material deviations due to market risks and uncertainties.

Representative Director, CEO, and President (Corrections / Corrections of Numerical Data) Partial Correction to FY2022 Consolidated Financial CyberAgent, Inc. today announced a correction to part of the "FY2022 Consolidated Financial Results [Japanese GAAP]," which was disclosed on October 26, 2022. The details of the correction are as follows.

FY2022 Consolidated Financial Results [Japanese GAAP] Listed company name: CyberAgent, Inc. (herein referred as the "Company") Listed stock exchange: TSE Prime Market Code No.: 4751 URL https://www.cyberagent.co.jp/en/ Representative: Representative Director CEO Susumu Fujita Inquiries: Senior Managing Executive Officer ...

The presentation outlines CyberAgent’s strategic focus for FY2023, emphasizing a dual‑stream business model that blends advertising revenue with game development while expanding into media and digital content. Core financial highlights show a modest increase in operating profit margin to 6.7 % from 5.9 % the previous year, driven by higher ad spend and a growing subscription base on ABEMA. Operating profit rose to ¥6.4 billion, with revenue growth of 8.3 % year‑over‑year, largely attributed to the successful launch of new streaming channels and premium content packages. Gross margin improved from 55 % to 57 %, reflecting cost efficiencies in content acquisition and cloud infrastructure.

Geographically, the company maintains a strong domestic presence in Japan while pursuing international expansion through partnerships with global streaming platforms such as Netflix and Disney+. The FY2023 data indicate a 12 % increase in overseas subscriber acquisition, with the United States and Southeast Asia emerging as key growth markets. The presentation also highlights a 15 % rise in mobile ad revenue, underscoring the shift toward on‑the‑go consumption.

Methodologically, figures are derived from consolidated financial statements and internal analytics dashboards. The report references quarterly performance metrics (Q1‑Q4 FY2023) and compares them to the same periods in FY2022, providing a clear trend analysis. Key operational initiatives include investment in AI‑driven content recommendation engines, expansion of the ABEMA Live platform during major sporting events (e.g., FIFA World Cup 2022), and the launch of a new “Game Business” division focused on mobile titles. Overall, CyberAgent projects continued profitability through diversified revenue streams and sustained investment in digital media infrastructure.