Tokyo, Apr 30, 2009 - (JCN Newswire) - CyberAgent, Inc. (TSE: 4751), a Tokyo-based leader in Internet media markets, has announced results for the first half ended March 31, 2009. Net sales rose 11.8% to 47,043 million yen from 42,078 million yen for the previous first half, but operating income fell 35.0% to 1,901 million yen from 2,923 million yen as the company posted 1,418 million yen of gain on sales of stocks from investment development business in the previous first half, and ordinary income shrank 36.1% to 1,830 million yen from 2,864 million yen for the previous first half. Net income for the first half rose 23.7% to 608 million yen from 492 million yen from the previous first half.
1) Consolidated Financial Results for the First Half Ended March 31, 2009
(millions of yen)
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First Half Results 3/31/09 % 3/31/08 %
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Net Sales 47,043 - 42,078 12.4
Operating Income 1,901 - 2,923 41.2
Ordinary Income 1,830 - 2,864 43.5
Net Income 608 - 492 (36.1)
Net Income/Share(y) 939.16 757.19
Diluted Net Income/Share(y) - 756.81
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Consolidated Financial Position
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Total Assets 61,839 62,911
Net Assets 30,446 30,146
Shlders' Eqty Ratio (%) 40.0% 38.5%
Shlders' Eqty/share (y) 38,148.19 37,317.27
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2) Results by Business Segment
i. Internet Media Business - Blog
This business includes Ameba and Amebapigg, the blog media operated by the company, the fashion-brand community Poupeegirl operated by Poupeegirl Inc., the blog advertising distribution service MicroAd operated by MicroAd, and the word-of-mouth marketing business within CyberBuzz that generates derivative word of mouth by networking influential bloggers (influencers) through blogs. The increase in page views (PVs) for Ameba is considered the most important indicator, and the number of page views for March 2009 had risen to 8.36 billion, a dramatic increase of 4.77 billion compared to the 3.59 billion for March 2008, following continued upfront investments.
Therefore, sales for the segment rose 55.6% to 2,465 million yen from 1,584 million in the previous term, and the business posted an operating loss of 478 million yen compared to an operating loss of 924 million yen for the previous term.
ii. Internet Media Business - Advertising/fee collection/content
This business segment includes mobile advertising, mobile advertisement centered on the CA MOBILE Group, the price comparison site operated by EC Navi, online game fee collection service provided by GCREST Co., Ltd., and financial operations such as foreign exchange margin transaction business operated by CyberAgent FX. As a result of aggressive advertising and firm growth in the number of members, sales increased 33.1% to 16,100 million yen from 12,094 million yen in the previous term, and the business recorded operating income of 1,898 million yen, 12.0% increase from a 1,695 million operating income for the previous term.
iii. Internet Media Business - Commerce
The business segment includes online shopping businesses, including the mobile and PC "gathering" (joint purchasing) operated by netprice.com, ltd. While continuing to strive to reduce expenses, the CyberAgent Group focused on increasing sales through low-price strategies in response to the stagnant economy and worked on new overseas businesses such as the global shopping business "sekaimon."
Therefore, sales for the segment rose 6.5% to 9,300 million yen from 8,729 million yen for the previous term, and the business was able to record operating income of 513 million yen, 15.9% increase from a 442 million operating income for the previous term.
iv. Internet Advertising Business
This business segment includes the Internet advertising agency business, centered on the company's Internet Advertising Management Division, the SEM (search engine marketing) business, and the Ad Network business. The CyberAgent Group made proposals to meet customer needs and worked to capture advertising at a time when the deterioration in economic conditions was impacting the advertising market.
As a result, sales for the segment increased 2.8% to 21,079 million yen from 20,501 million in the previous term, and the company posted operating income of 158 million yen, 46.2% decrease from a 294 million operating income for the previous term.
v. Investment Development Business
This business segment is composed mainly of the company's corporate venture capital business and fund management operations within CyberAgent Investment. The business has several responsibilities, including discovering, developing, and raising the value of promising venture companies with the goal of generating capital gains. For various reasons including the disposal of its holding in Mixi Inc., sales decreased 95.2% to 90 million yen from 1,875 million yen in the previous term, and the company posted operating loss of 187 million yen, compared to a 1,418 million operating income for the previous term.
Consolidated Financial Position
Total assets at the end of the first half shrank 1,071 million yen from the end of the previous fiscal year to 61,839 million yen, due to several factors, particularly a decline in Foreign Exchange Dealings, Cash Segregated As Deposits For Customers.
Liabilities shrank 1,371 million yen from the end of the previous fiscal to 31,392 million yen, which was due to several factors, particularly a decline in Foreign Exchange Dealings, Cash Segregated As Deposits For Customers.
Net assets rose 300 million yen from the end of the previous fiscal year to 30,446 million yen. This increase was the result of several factors including an increase in retained earnings due to strong sales activities.
Outlook
No revisions are made to the consolidated earnings forecast announced on November 11, 2008.
(millions of yen)
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Fiscal Year ending September 30, 2009
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Net Sales 97,000
Operating Income 4,500
Ordinary Income 4,700
Net Income 1,200
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* Business results forecasts represent the judgment of the Company, based on information obtainable at the time of writing; they involve contributing factors such as risk and elements of uncertainty; hence actual results may differ from the forecast results.
About CyberAgent, Inc.
CyberAgent, Inc. (TSE: 4751; ISIN: JP3311400000) is a leading on-line advertising agency and media representative company. Established in 1998, and listed on the Tokyo Mothers Exchange in 2000, the CyberAgent group is committed to contributing to a new society through its work on the Internet, not only in its fields of advertising and media, but through finding promising new business and investing aggressively in developing new business. For more information, please visit http://ir.cyberagent.co.jp/ir_e/
Contact:
CyberAgent PR/IR Division
Akiko Kashiwa
Tel: +81-3-5459-0227
E-mail: kashiwa_akiko@cyberagent.co.jp
Apr 30, 2009
Source: CyberAgent, Inc.
CyberAgent, Inc. (TSE: 4751)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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