Tokyo, Apr 26, 2012 - (JCN Newswire) - CyberAgent, Inc. (TSE: 4751), a Tokyo-based leader in Internet media markets, has announced results for the first half ended March 31, 2012. Net sales reached 68,110 million yen (up 14.6% from the same period of the previous year); operating income reached 11,064 million yen (up 45.3%); ordinary income reached 10,969 million yen (up 46.3%); and quarterly net income reached 5,089 million yen (up 35.5%).
In fiscal 2011, the domestic Internet business market expanded to about 14 trillion yen, and it is expected to reach 15 trillion yen in 2012, and later 22 trillion yen in 2016. (Source: Nomura Research Institute, Ltd.) In addition, the shipment volume of smartphones for fiscal 2011 was 23.4 million, 2.7 times larger than the shipment volume for the previous year, exceeding the majority of the total shipment volume of mobile phones, and it is estimated to reach 35.55 million, 83.4% of the total shipment volume in fiscal 2016. (Source: MM Research Institute, Ltd.) Among future Internet business, based on blogs and SNSs (social networking services) that have newly emerged in recent years, segments such as smartphone-related services and social games businesses are expected to expand. The social games market has rapidly expanded to 250 billion yen in 2011, 1.8 times compared to the previous year, and is expected to expand to 342.9 billion yen in 2012. (Source: Yano Research Institute Ltd.)
Under such conditions, the Group has enriched the services for smartphone media, especially Ameba, and increased the number of social games. Also, the Group works toward reforming the comprehensive Internet business (former Internet advertising agency business).
1) Consolidated Financial Results for the First Half Ended March 31, 2012
A. Business Results (millions of yen)
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First Half Results 3/31/12 % 3/31/11 %
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Net Sales 68,110 14.6 59,451 30.2
Operating Income 11,064 45.3 7,613 58.1
Ordinary Income 10,969 46.3 7,499 54.4
Net Income 5,089 35.5 3,756 22.7
Net Income/Share(y) 7,857.42 7,853.84
Diluted Net Income/Share(y) 5,794.35 --
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B. Financial Position
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Total Assets 125,279 111,689
Net Assets 41,382 38,677
Shlders' Eqty Ratio(%) 30.9 33.0
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C. Dividends
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Year ended 2012 (Forecast) 2011
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(y) 3,500 3,500
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D. Forecast for Fiscal Year 2012
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Year Ending September 30, 2012 Change
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Net Sales 130,000 8.7
Operating Income 17,000 18.5
Ordinary Income 16,700 18.3
Net Income 8,500 16.1
Net Income/Share(y) 13,123.32 --
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2) Results by Business Segment
(a) Ameba business
The Ameba business includes Ameba, Ameba Pigg and AMoAd, etc. Ameba's PV number for March 2012 was 36.1 billion PV (up 13.7 billion PV from the same month of the previous year), and subscribers exceeded 20 million and totaled 22.02 million (up 7.27 million from the same month of the previous year).
In the current business year, fees generated by Ameba Pigg and advertising revenue increased, and as a result, net sales totaled 12,704 million yen (up 68.9% from 7,522 million yen in the same period of the previous year), and we recorded an operating income of 3,975 million yen (up 61.1% from an operating income of 2,468 million yen in the same period of the previous year).
(b) Media business
The media business includes CA Mobile, LTD. and social game businesses in our Group companies such as Cygames Inc., Grenge, Inc., Applibot, Inc., CyberX Co., Ltd., and Sumzap, Inc.
In the current business year, due to factors such as steady expansion of our social games business, net sales totaled 21,735 million yen (up 22.7% from 17,714 million yen in the same period of the previous year), and we recorded an operating income of 3,104 million yen (up 86.5% from an operating income of 1,664 million yen in the same period of the previous year).
(c) Comprehensive Internet business
From the current business year, the organization is divided into Agency Unit, which engages in advertising agency businesses, and Internet Business Unit, which launches new businesses.
As for this business, we concentrated on the launch of new businesses by reshuffling personnel, recruiting more engineers, etc. As a result, net sales totaled 34,235 million yen (down 0.5% from 34,402 million yen in the same period of the previous year), and we recorded an operating income of 2,127 million yen (down 8.1% from 2,314 million yen in the same period of the previous year).
(d) FX business
The FX business includes foreign exchange margin trading in CyberAgent FX, Inc. In the current business year, the number of account openings and deposit accounts increased steadily. As a result, net sales totaled 4,026 million yen (up 22.8% from 3,280 million yen in the same period of the previous year), and we recorded an operating income of 1,997 million yen (up 69.6% from an operating income of 1,177 million yen in the same period of the previous year).
(e) 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 to sales of shares, net sales totaled 138 million yen (down 26.3% from 187 million yen in the same period of the previous year), and we recorded an operating loss of 140 million yen (an operating loss of 10 million yen for the same period of the previous year).
3) Segment Information
Current consolidated first half (October 1, 2011 to March 31, 2012)
(millions of yen)
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A B C D E F G H
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Net Sales
(1)Sales to external customers
9,753 21,153 33,038 4,026 138 68,110 -- 68,110
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(2)Intersegment internal sales of transferred amount
2,950 581 1,197 -- -- 4,730 (4,730) --
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Total 12,704 21,735 34,235 4,026 138 72,840 (4,730) 68,110
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Segment income (loss)
3,975 3,104 2,127 1,997 (140) 11,064 -- 11,064
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A. Ameba business
B. Media business
C. Comprehensive Internet business
D. FX
E. Investment development business
F. Subtotal
G. Adjustment Amount
H. Consolidated quarterly balance sheet amount
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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Contact:
CyberAgent
PR/IR Division
Akiko Kashiwa
Tel: +81-3-5459-0227
E-mail: kashiwa_akiko@cyberagent.co.jp
Apr 26, 2012
Source: CyberAgent, Inc.
CyberAgent, Inc. (TSE: 4751)
From the Japan Corporate News Network
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Topic: Earnings
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