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.
FY2019 Consolidated Financial Results [Japanese GAAP]
October 30, 2019 | |||||
Listed company name: CyberAgent, Inc. | Listed stock exchange: TSE 1st section | ||||
Code No.: | 4751 | URL | https://www.cyberagent.co.jp/ en/ | ||
Representative: | President | Susumu Fujita | |||
Inquiries: | Managing Director | Go Nakayama | Tel +81-3-5459-0202 | ||
Scheduled date of the Annual General Meeting of Shareholders: | December 13, 2019 | ||||
Scheduled date of dividend payment start: | December 16, 2019 | ||||
Scheduled filing date of the Annual Securities Report: | December 20, 2019 | ||||
Preparation of supplementary references regarding financial results: | Yes | ||||
Holding the briefing of financial results: | Yes (For securities analysts and institutional investors) | ||||
(Amounts less than ¥1 million rounded down) |
1. Consolidated Financial Results for the Year Ended September 30, 2019 (October 1, 2018 - September 30, 2019)
- Consolidated Results of Operations
Net sales | Operating income | Ordinary income | Profit attributable to | ||||||
shareholders of parent | |||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||
FY2019 | 453,611 | 8.1 | 30,825 | 2.2 | 30,493 | 6.8 | 1,694 | (65.1) | |
FY2018 | 419,512 | 13.0 | 30,163 | (1.8) | 28,565 | (0.6) | 4,849 | 20.5 |
(Note) Comprehensive income FY2019: ¥5,670 million (-50.3%) | FY2018: ¥11,416 million (-21.3%) | |||||||||||
Basic earnings | Diluted earnings | Return on | Operating income | |||||||||
shareholders' | Return on assets | |||||||||||
per share | per share | margin | ||||||||||
equity | ||||||||||||
¥ | ¥ | % | % | % | ||||||||
FY2019 | 13.45 | 12.21 | 2.1 | 13.5 | 6.8 | |||||||
FY2018 | 38.54 | 36.86 | 6.0 | 14.7 | 7.2 | |||||||
(Reference) Equity in earnings of affiliates FY2019: ¥-605 million | FY 2018: ¥-1,773 million | |||||||||||
(2) Consolidated Financial Position | ||||||||||||
Total assets | Net assets | Shareholders' | Net assets | |||||||||
equity ratio | per share | |||||||||||
¥ million | ¥ million | % | ¥ | |||||||||
FY2019 | 224,876 | 110,352 | 35.2 | 628.36 | ||||||||
FY2018 | 225,484 | 109,250 | 36.2 | 648.10 |
(Reference) Equity capital: As of September 30, 2019 ¥79,169 million, as of September 30, 2018:¥81,556 million (Note) "Partial Amendments to Accounting Standard for Tax Effect Accounting"(Accounting Standards Board of Japan (ASBJ) Statement No.28, February 16, 2018) has been applied from the beginning of this fiscal year.
These figures include the effect of retrospective application for the previous fiscal year.
(3) Consolidated Cash Flows
Cash flow from | Cash flow from | Cash flow from | Cash and cash | ||||||||||
equivalents at the end | |||||||||||||
operating activities | investing activities | financing activities | |||||||||||
of the period | |||||||||||||
¥ million | ¥million | ¥ million | ¥ million | ||||||||||
FY2019 | 14,917 | (18,000) | (4,662) | 84,563 | |||||||||
FY2018 | 28,394 | (22,410) | 39,748 | 92,379 | |||||||||
2. Dividends | |||||||||||||
Dividends per share | Amount of | Dividend ratio | Dividend on | ||||||||||
dividends | equity | ||||||||||||
1Q | 2Q | 3Q | Year- | Annual | (Consolidated) | ||||||||
(Total) | (Consolidated) | ||||||||||||
End | |||||||||||||
¥ | ¥ | ¥ | ¥ | ¥ | ¥ million | % | % | ||||||
FY 2018 | - | 0.00 | - | 32.00 | 32.00 | 4,026 | 83.0 | 5.0 | |||||
FY 2019 | - | 0.00 | - | 33.00 | 33.00 | 4,157 | 245.2 | 5.2 | |||||
FY 2020 | - | 0.00 | - | 33.00 | 33.00 | - | |||||||
(forecast) | |||||||||||||
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.
3. Forecast of the Consolidated Results for the Fiscal Year Ending September 30, 2020 (October 1, 2019 - September 30, 2020)
(% = Year-on-Year Change)
Profit attributable to | Basic | |||||||||
Net sales | Operating income | Ordinary income | shareholders of | earnings per | ||||||
parent | share | |||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ¥ | ||
Full year | 465,000 | 2.5 | 28,000 | (9.2) | 28,000 | (8.2) | 8,000 | 372.1 | 63.49 | |
~32,000 | ~3.8 | ~32,000 | ~4.9 | ~10,000 | ~490.1 | ~79.36 | ||||
(Note) Consolidated earnings forecasts for the fiscal year ending September 30, 2020 is disclosed as range of estimates. For details, please see "(4) Forecast" under "1. Results of Operations" on page 3.
* Notes
(1) Changes in Significant Subsidiaries during the Period: Yes
(Changes in specified subsidiaries due to changes in the scope of consolidation) New : 1 company(Zelvia Co., Ltd)
Excluded : -
- Changes in accounting policies, changes in accounting estimates, restatements
- Changes associated with revisions of accounting standards: None
- Changes other than those included in i) : None
- Changes in accounting estimates: None
- Restatements: None
- Number of shares issued (common stock)
- Number of shares issued and outstanding at end of period (including treasury stock)
FY2019: 126,426,600 | FY2018: 126,426,600 |
(2) Number of shares of treasury stock issued and outstanding at end of period
FY2019: 434,142 | FY2018: 587,542 |
(3) Average number of shares during the period (cumulative period)
FY2019: 125,938,289 | FY2018: 125,806,863 | ||||||||||||||
(Reference) | |||||||||||||||
Non-consolidated Results for the Fiscal Year Ended September 30, 2019 | |||||||||||||||
(October 1, 2018 - September 30, 2019) | |||||||||||||||
(1) Non-consolidated Results of Operations | |||||||||||||||
(% = Year-on-Year Change) | |||||||||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||||||||
¥ million | % | ¥ million | % | ¥ million | % | ¥ million | % | ||||||||
FY2019 | 245,910 | 7.7 | 14,698 | 1.9 | 23,765 | -6.3 | 16,131 | 4.0 | |||||||
FY2018 | 228,248 | 18.7 | 14,420 | 14.6 | 25,361 | 44.7 | 15,514 | 42.3 | |||||||
Basic earnings per | Diluted earnings | ||||||||||||||
share | per share | ||||||||||||||
¥ | ¥ | ||||||||||||||
FY2019 | 128.08 | 120.88 | |||||||||||||
FY2018 | 123.32 | 118.66 | |||||||||||||
(2) Non-consolidated Financial Position | |||||||||||||||
Total assets | Net assets | Shareholders' | Net assets | ||||||||||||
equity ratio | per share | ||||||||||||||
¥ million | ¥ million | % | ¥ | ||||||||||||
FY2019 | 164,337 | 89,029 | 53.6 | 699.30 | |||||||||||
FY2018 | 154,084 | 75,755 | 48.5 | 594.18 | |||||||||||
(Reference) Equity capital: As of September 30, 2019: ¥88,107 million, as of September 30, 2018: ¥74,771 million (Note) "Partial Amendments to Accounting Standard for Tax Effect Accounting"(Accounting Standards Board of Japan (ASBJ) Statement No.28, February 16, 2018) has been applied from the beginning of this fiscal year.
These figures include the effect of retrospective application for the previous fiscal year
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.
- The Consolidated Financial Results is not subject to audit by independent auditors.
- Appropriate Use of Earnings Forecast and Other Matters
This 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. Results of Operations (4) Forecast" on page 3.
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. Results of Operations............................................................................................................................................... | 2 | |
(1) | Overview of Consolidated Financial Results........................................................................................................ | 2 |
(2) | Overview of Consolidated Financial Position....................................................................................................... | 3 |
(3) | Overview of Consolidated Cash Flow.................................................................................................................. | 3 |
(4) | Forecast............................................................................................................................................................... | 3 |
2. Basic Policy for the Selection of Accounting Standards ............................................................................................ | 3 | |
3. Consolidated Financial Statements and Key Notes .................................................................................................. | 4 | |
(1) | Consolidated Balance Sheets. ............................................................................................................................. | 4 |
(2) | Consolidated Statements of Income and Consolidated Statements of Comprehensive Income. ........................ | 6 |
(3) | Consolidated Statements of Changes in Shareholders' Equity ........................................................................... | 8 |
(4) | Consolidated Statements of Cash Flows. ........................................................................................................... | 10 |
(5) | Notes to Consolidated Financial Statements. ..................................................................................................... | 11 |
(Notes Regarding the Going Concern Assumption) ............................................................................................. | 11 | |
(Changes in Presentation Method) ....................................................................................................................... | 11 | |
(Segment Information) ......................................................................................................................................... | 12 | |
(Information on Value per Share) .......................................................................................................................... | 16 | |
(Significant Subsequent Events) ........................................................................................................................... | 16 |
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. Results of Operations
(1) Overview of Results of Operations
The scale of the video ad market focusing on smartphones is estimated to increase steadily by 25.4% to 231.2 billion yen in 2019, and will reach 495.7 billion yen by 2024 (Note).
Seizing on this trend, the CyberAgent Group has taken advantage of the growth of the smartphone market. At the same time, the group has increased up-front investments in the video business, such as "AbemaTV" continuously from the previous year, to grow it in the medium to long-term mainstay.
As a result, during this consolidated fiscal year, net sales grew 8.1% year on year to ¥453,611 million, and operating income amounted to ¥30,825 million (2.2% increase). Ordinary income amounted to ¥30,493 million (6.8% increase), and profit attributable to shareholders of parent decreased 65.1% to ¥1,694 million.
(Note) Source: CyberAgent/ Digital Infact, The Survey on Japanese video advertising market trends Earnings by business segment are discussed below.
(a) Media Business
The Media Business includes "AbemaTV", "Ameba" and "Tapple", etc. While continuing the up-front investment for "Abema TV" from the previous fiscal year, net sales grew and amounted to ¥37,304 million for the period, a 18.5% year-on-year increase. Operating loss amounted to ¥17,838 million, compared to operating loss of ¥17,764 million for the same period in the prior fiscal year.
(b) Game Business
The Game Business includes Cygames, Inc., Sumzap, Inc., Craft Egg, Inc., etc.
Major existing titles remained strong, it reported net sales amounting to ¥152,224 million, a 3.9% year-on-year increase. Operating income increased 2.9% to ¥26,040 million.
(c) Internet Advertisement Business
The Group's Internet Advertisement Business includes Internet Advertising Division, and CyberZ, Inc., etc. Focusing on developing new advertisers, this segment recorded ¥260,212 million in net sales, up 7.8% year on
year. Operating income lost 3.4%, reaching ¥20,609 million.
(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 ¥6,428 million, a 50.8% year-on-year increase, and operating income of ¥4,593 million, a 74.6% year-on-year increase compared to the previous fiscal year.
(e) Other Businesses
The Other Businesses segment includes CAM, Inc., Wedding Park, Ltd., Makuake, Inc. and others.
This segment reported net sales of ¥18,947 million, a 7.7% year-on-year increase. Operating income amounted to ¥907 million, a year-on-year decrease of 50.1%.
2
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CyberAgent Inc. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 06:51:03 UTC