Tokyo, Apr 25, 2013 - (JCN Newswire) - CyberAgent, Inc. (TSE: 4751), a Tokyo-based leader in Internet media markets, has announced results for the first half ended March 31, 2013. Net sales reached 82,192 million yen (up 20.7% from the same period of the previous year); operating income reached 5,171 million yen (down 53.3%); ordinary income reached 5,348 million yen (down 51.2%); and quarterly net income reached 9,555 million yen (up 87.8%).
The number of smartphones shipped in 2012 was 28.98 million (71.0% of overall shipments), and 31.60 million (76.3% of overall shipments) are forecast to be shipped in 2013 with the adoption of smartphones continuing at an increased pace(1). With the rapid adoption of smartphones, the marketplace for downloadable content is expanding as well, reaching 1.6 trillion yen in 2013 and forecast to be approximately 2.0 trillion yen by 2017. The social game market is growing especially rapidly, worth 538.5 billion yen in 2012 and forecast to grow to 615.0 billion yen in 2013(2).
Under such conditions, the Group focused operating resources on smartphone businesses, with the smartphone community and game SNS "Ameba" starting in earnest and large scale promotions carried out with television commercials and transportation advertising. Business restructuring, such as a decision to sell FX business, was also carried out.
1) Consolidated Financial Results for the First Half Ended March 31, 2013
As of the first quarter of this consolidated accounting period, the division of the reporting segments has been changed, so for comparisons to the same period the previous year the values from the previous year have been changed to follow the new segment divisions.
(a) Ameba business
The Ameba business includes Ameba, Ameba Pigg and AMoAd, etc. For this business, there were large scale promotion activities for the smartphone community and game SNS "Ameba", and new smartphone media businesses that were previously part of Internet advertisement agency business (formerly comprehensive Internet business) were consolidated.
As a result, net sales totaled 13,684 million yen (up 7.7% from the same period of the previous year), and we recorded an operating loss of 4,666 million yen (an operating income of 3,131 million yen in the same period of the previous year).
(b) SAP and other media businesses
The SAP and other media businesses includes CA Mobile, LTD. and SAP (social game) businesses in our Group companies such as Cygames Inc., Applibot, Inc., and Sumzap, Inc. For these businesses, with active expansion of SAP businesses both domestically and internationally, net sales totaled 31,512 million yen (up 45.0% from the same period of the previous year), and we recorded an operating income of 3,243 million yen (up 4.5% from the same period of the previous year).
(c) Internet advertisement business
Internet advertisement business includes advertising agency businesses and SEM (search engine marketing), centered on the Company's internet advertising business department. For this business, with healthy sales of smartphone advertising, net sales totaled 38,981 million yen (up 13.8% from the same period of the previous year), and we recorded an operating income of 4,175 million yen (up 40.6% from the same period of the previous year).
(d) Investment development business
Our investment development business includes the Company's corporate venture capital business, and fund operation in CyberAgent Ventures, Inc. It discovers, develops and generates value for promising venture companies both within Japan and in Asian countries.
In the current business year, due mainly to sales of shares, net sales totaled 1,405 million yen (up 914.8% from the same period of the previous year), and we recorded an operating income of 732 million yen (an operating loss of 140 million yen for the same period of the previous year).
(e) FX business
As all shares of CyberAgent FX, Inc., which was a consolidated subsidiary, were sold on January 31, 2013, the performance of the FX business only for the period from October 1, 2012 to January 31, 2013 is included. Sales and operating income of this business were 2,916 million yen and 1,686 million yen, respectively.
3) Segment Information
(1) MM Research Institute, Ltd.
(2) Nomura Research Institute, Ltd.
About CyberAgent, Inc.
Founded in 1998, CyberAgent, Inc. is a leading Internet company focused on its smartphone social community and game SNS platform Ameba and has provided many kinds of businesses in Japan including being the largest social game provider, the internet Ad, and the corporate venture capital. CyberAgent maintains operations in the U.S., China, Vietnam, Japan with corporate headquarters located in Tokyo, Japan. The company generated annual sales of more than $1.6 billion in FY2012 ended September 2012. CyberAgent is listed on the Tokyo Stock Exchange, Mothers (4751). For additional information on the company and its offerings, please visit www.cyberagent.info or contact pub@cyberagent.co.jp.
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Source: CyberAgent, Inc.
Contact:
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
The number of smartphones shipped in 2012 was 28.98 million (71.0% of overall shipments), and 31.60 million (76.3% of overall shipments) are forecast to be shipped in 2013 with the adoption of smartphones continuing at an increased pace(1). With the rapid adoption of smartphones, the marketplace for downloadable content is expanding as well, reaching 1.6 trillion yen in 2013 and forecast to be approximately 2.0 trillion yen by 2017. The social game market is growing especially rapidly, worth 538.5 billion yen in 2012 and forecast to grow to 615.0 billion yen in 2013(2).
Under such conditions, the Group focused operating resources on smartphone businesses, with the smartphone community and game SNS "Ameba" starting in earnest and large scale promotions carried out with television commercials and transportation advertising. Business restructuring, such as a decision to sell FX business, was also carried out.
1) Consolidated Financial Results for the First Half Ended March 31, 2013
A. Business Results (millions of yen) ------------------------------------------------------------------------ First Half Results 3/31/13 % 3/31/12 % ------------------------------------------------------------------------ Net Sales 82,192 20.7 68,110 14.6 Operating Income 5,171 (53.3) 11,064 45.3 Ordinary Income 5,348 (51.2) 10,969 46.3 Net Income 9,555 87.8 5,089 35.5 Net Income/Share(y) 14,939.20 7,857.42 Diluted Net Income/Share(y) 14,938.61 7,853.84 ------------------------------------------------------------------------ B. Financial Position 3/31/13 9/30/12 ------------------------------------------------------------------------ Total Assets 81,284 136,366 Net Assets 48,229 43,594 Shlders' Eqty Ratio(%) 54.7 30.6 ------------------------------------------------------------------------ C. Dividends ------------------------------------------------------------------------ Year ended 2013 (Forecast) 2012 ------------------------------------------------------------------------ (y) 3,500 3,500 ------------------------------------------------------------------------ D. Forecast for Fiscal Year 2013 ------------------------------------------------------------------------ Year Ending September 30, 2013 Change Progress % ------------------------------------------------------------------------ Net Sales 170,000 20.5 48.3% Operating Income 10,000 (42.6) 51.7% Ordinary Income 10,000 (41.7) 53.5% Net Income 12,000 40.8 79.6% Net Income/Share(y) 18,761.08 -- ------------------------------------------------------------------------2) Results by Business Segment
As of the first quarter of this consolidated accounting period, the division of the reporting segments has been changed, so for comparisons to the same period the previous year the values from the previous year have been changed to follow the new segment divisions.
(a) Ameba business
The Ameba business includes Ameba, Ameba Pigg and AMoAd, etc. For this business, there were large scale promotion activities for the smartphone community and game SNS "Ameba", and new smartphone media businesses that were previously part of Internet advertisement agency business (formerly comprehensive Internet business) were consolidated.
As a result, net sales totaled 13,684 million yen (up 7.7% from the same period of the previous year), and we recorded an operating loss of 4,666 million yen (an operating income of 3,131 million yen in the same period of the previous year).
(b) SAP and other media businesses
The SAP and other media businesses includes CA Mobile, LTD. and SAP (social game) businesses in our Group companies such as Cygames Inc., Applibot, Inc., and Sumzap, Inc. For these businesses, with active expansion of SAP businesses both domestically and internationally, net sales totaled 31,512 million yen (up 45.0% from the same period of the previous year), and we recorded an operating income of 3,243 million yen (up 4.5% from the same period of the previous year).
(c) Internet advertisement business
Internet advertisement business includes advertising agency businesses and SEM (search engine marketing), centered on the Company's internet advertising business department. For this business, with healthy sales of smartphone advertising, net sales totaled 38,981 million yen (up 13.8% from the same period of the previous year), and we recorded an operating income of 4,175 million yen (up 40.6% from the same period of the previous year).
(d) Investment development business
Our investment development business includes the Company's corporate venture capital business, and fund operation in CyberAgent Ventures, Inc. It discovers, develops and generates value for promising venture companies both within Japan and in Asian countries.
In the current business year, due mainly to sales of shares, net sales totaled 1,405 million yen (up 914.8% from the same period of the previous year), and we recorded an operating income of 732 million yen (an operating loss of 140 million yen for the same period of the previous year).
(e) FX business
As all shares of CyberAgent FX, Inc., which was a consolidated subsidiary, were sold on January 31, 2013, the performance of the FX business only for the period from October 1, 2012 to January 31, 2013 is included. Sales and operating income of this business were 2,916 million yen and 1,686 million yen, respectively.
3) Segment Information
Current consolidated first half (October 1, 2012 to March 31, 2013)
(millions of yen)
------------------------------------------------------------------------
A B C D E F G H
------------------------------------------------------------------------
Net Sales
(1)Sales to external customers
10,417 31,000 36,451 1,405 2,916 82,192 -- 82,192
------------------------------------------------------------------------
(2)Intersegment internal sales of transferred amount
3,267 511 2,529 -- -- 6,308 (6,308) --
------------------------------------------------------------------------
Total 13,684 31,512 38,981 1,405 2,916 88,500 (6,308) 82,192
------------------------------------------------------------------------
Segment income (loss)
(4,666) 3,243 4,175 732 1,686 5,171 -- 5,171
------------------------------------------------------------------------
A. Ameba business
B. SAP and other media businesses
C. Internet advertisement business
D. Investment development business
E. FX
F. Subtotal
G. Adjustment Amount
H. Consolidated quarterly balance sheet amount
Notes:(1) MM Research Institute, Ltd.
(2) Nomura Research Institute, Ltd.
About CyberAgent, Inc.
Founded in 1998, CyberAgent, Inc. is a leading Internet company focused on its smartphone social community and game SNS platform Ameba and has provided many kinds of businesses in Japan including being the largest social game provider, the internet Ad, and the corporate venture capital. CyberAgent maintains operations in the U.S., China, Vietnam, Japan with corporate headquarters located in Tokyo, Japan. The company generated annual sales of more than $1.6 billion in FY2012 ended September 2012. CyberAgent is listed on the Tokyo Stock Exchange, Mothers (4751). For additional information on the company and its offerings, please visit www.cyberagent.info or contact pub@cyberagent.co.jp.
Follow us! https://twitter.com/#!/CyberAgentInc
Source: CyberAgent, Inc.
Contact:
CyberAgent PR/IR Division Akiko Kashiwa Tel: +81-3-5459-0227 E-mail: kashiwa_akiko@cyberagent.co.jp
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
© 2013 JCN Newswire
