CyberAgent : Notice on Sales of Investment Securities
November 18, 2020 at 10:11 pm EST
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November 18, 2020
CyberAgent, Inc.
Susumu Fujita, President
TSE: 4751
Notice on Sales of Investment Securities
CyberAgent, Inc. (the "Company") today announced that the Company has decided to sell a portion of its investment securities and expects to gain sales and operating income as follows.
Reason for Sale of Investment Securities To make better use of the owned assets.
Overview of the Sale of Investment Securities
i)
Securities for sale
BASE, Inc. (common stock)
ii)
Number of shares sold
451,000
iii)
Date of sale
November 18, 2020
3. Impact on Business
As a result of this sale of a portion of investment securities, the Company expects to record sales of 4,469 million yen (proceeds from the sale of the stock) and operating income of 4,137 million yen (gain on the sale of the stock) in the first quarter of the fiscal year ending September 30, 2021. Due to uncertainties in the business situation, we do not revise our consolidated earnings forecast for the fiscal year ending September 30, 2021 (October 1, 2020 to September 30, 2021), which we announced on October 28, 2020.
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CyberAgent Inc. published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 03:10:00 UTC
CyberAgent, Inc. specializes in providing media and entertainment services over the Internet. Net sales break down by activity as follows:
- internet advertisement services (52.9%);
- development and operation of games on smartphones (24.8%);
- media services (18.4%): operation of the Internet TV channel AbemaTV, publishing and operation of Internet portals (operation of the Ameba cybercarnet platform, provision of online dating services via Tapple, operation of video and music exchange sites, etc.);
- other (3.9%).
CYBERAGENT, INC. 
