English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.
FY2022 Third Quarter Consolidated Financial Results [Japanese GAAP]
July 27, 2022 | |||
Listed company name: CyberAgent, Inc. | Listed stock exchange: TSE Prime Market | ||
Code No.: | 4751 | URL https://www.cyberagent.co.jp/en/ | |
Representative: | President | Susumu Fujita | |
Inquiries: | Senior Managing Executive Officer | Go Nakayama | Tel +81-3-5459-0202 |
Quarterly report submission date: July 28, 2022 | Dividend payment start date | - | |
Preparation of Supplementary Materials for Quarterly Financial Results: Yes |
Presentation of Quarterly Financial Results: Yes (live stream only)
(Amounts less than ¥1 million rounded down)
1. Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending September 2022
(1) Consolidated results of operations (cumulative) | (% = Year-on-Year Change.) | ||||||||||||
Net sales | Operating | Ordinary income | Profit attributable | Comprehensive | |||||||||
income | to shareholders | income | |||||||||||
of parent | |||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||||
3Q FY2022 | 534,348 | 9.8 | 55,898 | (27.9) | 56,266 | (27.7) | 20,701 | (37.4) | 29,927 | (39.8) | |||
3Q FY2021 | 486,732 | 36.1 | 77,513 | 171.9 | 77,799 | 173.3 | 33,044 | 462.1 | 49,738 | 288.8 | |||
Basic earnings | Diluted earnings | ||||||||||||
per share | per share | ||||||||||||
3Q FY2022 | ¥ | ¥ | |||||||||||
40.94 | 38.76 | ||||||||||||
3Q FY2021 | 65.46 | 61.97 |
(Note) The Company conducted a four-for-one stock split of common stocks as of April 1, 2021. The "Basic earnings per share " and "Diluted earnings per share" are calculated assuming that the said stock split was conducted at the beginning of the previous consolidated fiscal year.
(2) Consolidated financial position
Total assets | Net assets | Shareholders' | Shareholders' | |
equity | equity ratio | |||
As of 3Q FY2022 | ¥ million | ¥ million | ¥ million | % |
374,695 | 216,683 | 140,515 | 37.5 | |
As of FY2021 | 382,578 | 194,145 | 128,883 | 33.7 |
2. Dividends
Annual dividends | ||||||
1Q | 2Q | 3Q | Year end | Total | ||
FY2021 | ¥ | ¥ | ¥ | ¥ | ¥ | |
- | 0.00 | - | 11.00 | 11.00 | ||
FY2022 | - | 0.00 | - | |||
FY2022 (Forecast) | 14.00 | 14.00 | ||||
(Note) Revisions to most recent dividend forecast: No
3. Forecast of the Consolidated Results for the Fiscal Year Ending September 2022 (October 1, 2021 - September 30, 2022)
(% = Year-on-Year Change.)
Profit attributable to | Basic | |||||||||
Net sales | Operating income | Ordinary income | earnings per | |||||||
shareholders of parent | ||||||||||
share | ||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ¥ | ||
Full year | 700,000 | 5.0 | 70,000 | (32.9) | 70,000 | (33.1) | 25,000 | (39.8) | 49.43 | |
(Note) Revisions to most recent consolidated earnings forecast:No
English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.
*Notes
(1) Changes in Significant Subsidiaries during the Period: None
(Changes in specified subsidiaries due to changes in the scope of consolidation)
New : -(Company name: | -) |
Excluded : -(Company name: | -) |
- Application of simplified accounting methods and/or special accounting methods: None
- Changes in accounting policies, changes in accounting estimates, restatements
- Changes associated with revisions of accounting standards: Yes
- Changes other than those included in i) : None
- Changes in accounting estimates: None
- Restatements: None
- Number of shares issued
(1) Number of shares issued and outstanding at end of period (including treasury stock)
3Q FY2022: | 505,706,400 shares | FY2021: 505,706,400 shares |
(2) Number of shares of treasury stock issued and outstanding at end of period | ||
3Q FY2022: | 1,004 shares | FY2021: 251,404 shares |
(3) Average number of shares during the period (cumulative quarterly period)
3Q FY2022: 505,576,066 shares | 3Q FY2021: 504,783,449 shares |
(Note) The Company conducted a four-for-one stock split of common stocks as of April 1, 2021. Number of shares issued is calculated assuming that the said stock split was conducted at the beginning of the previous consolidated fiscal year.
*The Consolidated Financial Results is not subject to audit. *Appropriate Use of Earnings Forecast and Other Matters
The forecast of performance is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those listed in this forecast because of various risks and uncertainties. For information related to the forecast indicated above, please refer to "1.Qualitative Information on the Quarterly Financial Results (3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information" on page 2.
English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.
Table of Contents | ||
1. Qualitative Information on the Quarterly Financial Results.................................................................................... | 2 | |
(1) | Explanation of Consolidated Financial Results................................................................................................ | 2 |
(2) | Explanation of Consolidated Financial Position................................................................................................ | 2 |
(3) | Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information.............. | 2 |
2. Quarterly Consolidated Financial Statements and Key Notes............................................................................... | 3 | |
(1) | Quarterly Consolidated Balance Sheets........................................................................................................... | 3 |
(2) | Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of | |
Comprehensive Income.................................................................................................................................... | 4 | |
(3) | Notes to Quarterly Consolidated Financial Statements.................................................................................... | 5 |
(Notes Regarding the Going Concern Assumption)........................................................................................... | 5 | |
(Notes Regarding Significant Changes in Shareholders' Equity) ...................................................................... | 5 | |
(Notes Change in Accounting Policies).............................................................................................................. | 5 | |
(Segment Information) ...................................................................................................................................... | 6 |
1
English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.
1. Qualitative Information on the Quarterly Financial Summary
(1) Explanation of Consolidated Financial Results
The CyberAgent Group has taken advantage of the growth of the smartphone market. At the same time, the group has been investing in ABEMA, the TV for future, to grow it in the medium to long-term mainstay.
As a result, during the cumulative consolidated third quarter, Net sales grew 9.8% year on year to ¥534,348 million, and Operating income amounted to ¥55,898 million (27.9% decrease). Ordinary income amounted to ¥56,266 million (27.7% decrease), and Profit attributable to shareholders of parent decreased 37.4% to ¥20,701 million.
Earnings by business segments are discussed below.
(a) Media Business
The Media Business includes "ABEMA", "WINTICKET" and "Ameba", etc.
Due to a significant increase in sales of the Pay-Per-View service of "ABEMA" ,the TV for future, and related business, Net sales grew and amounted to ¥81,842 million for the period, a 36.0% year-on-year increase. Operating loss amounted to ¥9,779 million, compared to operating loss of ¥11,215 million for the same period in the prior fiscal year.
(b) Internet Advertisement Business
The Group's Internet Advertisement Business includes Internet Advertisement Division, AI Division, and CyberZ, Inc., etc.
Maintained high sales growth, this segment achieved a record high of Net sales. It reported ¥284,428 million in Net sales, up 19.0% year on year. Operating income gained 7.0%, reaching ¥19,409 million.
(c) Game Business
The Game Business includes Cygames, Inc., Craft Egg, Inc., Sumzap, Inc., and Applibot, Inc. etc.
Due to the impact of the big events etc in the previous quarter, Net sales amounting to ¥173,551 million, a 6.9% year-on-year decrease. Operating income was ¥48,427 million, a 29.4% year-on-year decrease.
(d) Investment Development Business
The Investment Development Business consists of the CyberAgent corporate venture capital business and the fund operations of CyberAgent Capital, Inc. The Investment Development Business recorded Net sales of ¥3,353 million (45.1% year-on-year decrease) and operating income of ¥2,119 million (a year-on-year decrease of 54.0%).
(e) Other Businesses
The Other Businesses segment includes Makuake, Inc., REALGATE INC., Zelvia Co., Ltd. and others.
This segment reported Net sales of ¥19,325 million, a 23.1% year-on-year increase. Operating income amounted to ¥356 million (a year-on-year decrease of 36.6%).
(2) Explanation of Consolidated Financial Position
Total assets at the end of this consolidated third quarter have decreased by ¥7,882 million compared to the end of the previous fiscal year and amounted to ¥374,695 million. It is mainly due to the decrease in Cash and deposits by corporate tax and dividend paid.
Total liabilities have decreased by ¥30,420 million compared to the end of previous fiscal year and amounted to ¥158,012 million. This decrease is mainly due to a decrease in accrued income tax through the payment to corporate tax, etc.
Total net assets have increased by ¥22,537 million compared to the end of the previous fiscal year and amounted to ¥216,683 million. It is mainly due to increase in retained earnings owing to the recording of Profit attributable to shareholders of parent and Non-controlling interests.
(3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information
The forecast of FY2022 has not been revised from its original publication on April 27, 2022.
The forecast is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ from those listed in this forecast because of various factors.
2
English Translation
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail.
2. Quarterly Consolidated Financial Statements and Key Notes
(1) Quarterly Consolidated Balance Sheets
(Unit: ¥ million) | |||||
FY2021 | 3Q FY2022 | ||||
(As of September 30, 2021) | (As of June 30, 2022) | ||||
Assets | |||||
Current assets | |||||
Cash and deposits | 181,451 | 167,264 | |||
Accounts and notes receivable-trade | 75,300 | - | |||
Notes and accounts receivable-trade,and | - | 64,395 | |||
contract assets | |||||
Inventories | 3,226 | 3,123 | |||
Sales investment securities | 18,969 | 15,937 | |||
Other | 22,832 | 35,807 | |||
Allowance for doubtful accounts | (130) | (80) | |||
Total current assets | 301,650 | 286,447 | |||
Non-current assets | |||||
Property, plant and equipment | 16,740 | 19,219 | |||
Intangible assets | |||||
Goodwill | 4,957 | 5,358 | |||
Other | 21,484 | 19,119 | |||
Total intangible assets | 26,442 | 24,478 | |||
Investments and other assets | |||||
Other | 37,800 | 44,622 | |||
Allowance for doubtful accounts | (97) | (99) | |||
Total investments and other assets | 37,702 | 44,523 | |||
Total non-current assets | 80,885 | 88,220 | |||
Deferred assets | 42 | 27 | |||
Total assets | 382,578 | 374,695 | |||
Liabilities | |||||
Current liabilities | |||||
Notes and accounts payable-trade | 56,055 | 57,281 | |||
Short-term loans payable | 1,037 | 3,700 | |||
Income tax payable | 29,723 | 3,201 | |||
Other | 53,898 | 63,875 | |||
Total current liabilities | 140,714 | 128,058 | |||
Non-current liabilities | |||||
Convertible bonds | 40,228 | 20,113 | |||
Long-term loans payable | 1,174 | 3,368 | |||
Accrued long service rewards for | 1,851 | 2,553 | |||
employees | |||||
Asset retirement obligations | 1,974 | 2,106 | |||
Other | 2,489 | 1,812 | |||
Total non-current liabilities | 47,718 | 29,953 | |||
Total liabilities | 188,433 | 158,012 | |||
Net assets | |||||
Shareholders' equity | |||||
Capital stock | 7,203 | 7,203 | |||
Capital surplus | 11,198 | 11,729 | |||
Retained earnings | 100,794 | 115,698 | |||
Treasury stock | (67) | (1) | |||
Total shareholders' equity | 119,128 | 134,629 | |||
Other comprehensive income | |||||
Valuation difference on available-for-sale | 9,517 | 5,644 | |||
securities | |||||
Foreign currency translation adjustments | 237 | 242 | |||
Total other comprehensive income | 9,755 | 5,886 | |||
Subscription rights to shares | 1,320 | 1,624 | |||
Non-controlling interests | 63,940 | 74,543 | |||
Total net assets | 194,145 | 216,683 | |||
Total liabilities and net assets | 382,578 | 374,695 | |||
3
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CyberAgent Inc. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 07:31:03 UTC.