CyberAgent (4751) investor relations material

Executive summary

• Achieved record-high Q3 sales of ¥230.7B, up 9.4% YoY, and nine-month net sales of ¥709,272 million, with all three core businesses—Media & IP, Internet Advertisement, and Game—driving growth.

• Operating profit for Q3 was ¥14.9B (down 23.6% YoY), but nine-month OP rose 38.2% YoY to ¥67,449 million.

• Net income attributable to owners for the nine months surged 49.5% YoY to ¥36,035 million.

• Multi-layer growth in Media & IP, driven by ABEMA's 10th anniversary and strong content investments.

• All core businesses contributed to strong performance, with global expansion and robust digital and AI initiatives.

Financial highlights

• Q3 net sales: ¥230.7B (+9.4% YoY), gross profit: ¥65.2B (+2.7% YoY), net income attributable to owners: ¥8.7B (+5.6% YoY).

• Nine-month gross profit: ¥220,086 million (+20.1% YoY), ordinary income: ¥69,182 million (+42.3% YoY), comprehensive income: ¥42,422 million (+37.8% YoY).

• SG&A expenses increased 14.4% YoY to ¥50.1B; workforce grew to 8,878 employees.

• Shareholders’ equity rose 23% YoY to ¥194.9B; total assets at ¥551,172 million.

• Basic earnings per share for the nine months was ¥71.07, up from ¥47.59 in the prior year.

Outlook and guidance

• Full-year net sales forecast revised to ¥950,000 million (+8.7% YoY), with OP forecast at ¥77,000 million (+7.4% YoY) and net income at ¥41,000 million (+29.5% YoY).

• Basic earnings per share for the full year projected at ¥80.85.

• Dividend forecast increased to ¥20 per share, up from ¥19.

• Q3 YTD progress: 74.7% of sales, 87.6% of OP, and 87.9% of net income targets achieved.