Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . August 7 , 2026 URL https://www.cyberagent.co.jp/en/ Takahiro Yamauchi , Representative Director , President Go Nakayama , Senior Managing Executive Officer Dividend payment start date Preparation of Supplementary Materials for Financial Results : Yes Holding the briefing of financial results : Yes ( streaming only ) FY2026 Third Quarter Consolidated Financial Results [ Japanese GAAP ] Listed company name : CyberAgent , Inc. Listed stock exchange : Code Number : 4751 Representative : Inquiries : TSE Prime Market Tel : + 81-3-5459-0202 Net sales ( Amounts less than one million rounded down ) 1. Consolidated Financial Results ( October 1 , 2025 to June 30 , 2026 ) ( 1 ) Consolidated results of operations ( cumulative ) = Year on Year Change . ) Net income attributable to owners ( % = Operating income Ordinary income of the parent Nine months ended June 30 , 2026 June 30 , 2025 ¥ million 709,272 631,993 % ¥ million % ¥ million % ¥ million % 12.2 5.8 67,449 38.2 69,182 42.3 36,035 49.5 48,798 40.1 48,631 35.6 24,103 63.7 Note : Nine months ended June 30 , 2026 Comprehensive income : Nine months ended June 30 , 2025 Comprehensive income : ¥ 42,422 million ( 37.8 % ) ¥ 30,775 million ( 55.2 % ) Basic earnings per share Diluted earnings per share Nine months ended June 30 , 2026 ¥ 71.07 47.59 67.10 44.88 June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 September 30 , 2025 2. Dividends Fiscal year ended September 30 , 2025 Fiscal year ended September 30 , 2026 Fiscal year ended September 30 , 2026 ( Forecast ) Total assets Equity Shareholders ' equity ¥ million \ million ¥ \ million 551,172 557,162 297,897 275,681 204,990 179,992 Annual dividends 1Q 2Q 3Q Year end Total * ¥ 0.00 17.00 17.00 0.00 Note : Revisions to most recent dividend forecast : Yes 3. Consolidated Forecasts ( October 1 , 2025 to September 30 , 2026 ) 20.00 20.00 Shareholders ' equity ratio % 37.2 32.3 Net sales Operating income Ordinary income Net income attributable to owners ( % = Year on Year Change . ) Basic earnings of the parent per share Full year \ million 950,000 % 8.7 \ million 77,000 % \ million 7.4 78,000 % 8.7 \ million 41,000 % 29.5 ¥ 80.85 Note : Revisions to most recent forecast : Yes
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*Notes (1)Significantchangesinthescopeofconsolidationduringtheperiod: None New: - companies( ) Excluded: - companies( ) (2)Adoptionofaccountingtreatmentspecifictothepreparationofquarterlyconsolidatedfinancialstatements: None (3)Changesinaccountingpolicies,changesinaccountingestimates,andrestatement (i) Changesinaccountingpoliciesduetorevisionstoaccountingstandardsandotherregulations: None (ii) Changesinaccountingpoliciesduetootherreasons: None (iii) Changesinaccountingestimates: None (iv) Restatement: None (4)Numberofissuedshares(commonstock) (i) Totalnumberofissuedsharesattheendoftheperiod(includingtreasuryshares) AsofJune30,2026 507,105,370 shares AsofSeptember30,2025 506,779,600 shares (ii) Numberoftreasurysharesattheendoftheperiod AsofJune30,2026 1,108 shares AsofSeptember30,2025 1,107 shares (iii) Averagenumberofsharesoutstandingduringtheperiod(cumulativefromthebeginningofthefiscalyear) NinemonthsendedJune30,2026 506,991,569 shares NinemonthsendedJune30,2025 506,446,861 shares *Auditofquarterlyconsolidatedfinancialstatementsattached:None *AppropriateUseofEarningsForecastandOtherMatters Theforecastofperformanceisbasedonourexpectationsandassumptionsasofthedatetheforecastwasmade.Our actualresultscoulddiffermateriallyfromthoselistedinthisforecastbecauseofvariousrisksanduncertainties.For informationrelatedtotheforecastindicatedabove,pleasereferto"1.ResultsofOperations(3)ExplanationofForecastof ConsolidatedFinancialResultsandOtherForward-LookingInformation"onpage2.
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1 TableofContents 1. ResultsofOperations .............................................................................................................................................. 2 (1)OverviewofResultsofOperationsduringthePeriod ............................................................................................. 2 (2)OverviewofFinancialPositionduringthePeriod .................................................................................................... 2 (3)ExplanationofForecastofConsolidatedFinancialResultsandOtherForward-LookingInformation .................... 2 2. QuarterlyConsolidatedFinancialStatementsandPrimaryNotes .......................................................................... 3 (1)QuarterlyConsolidatedBalanceSheets ................................................................................................................. 3 (2)QuarterlyConsolidatedStatementsofIncomeandComprehensiveIncome ........................................................ 4 (3)NotestoConsolidatedInterimFinancialStatements .............................................................................................. 6 (NotesRegardingSegmentInformation) ................................................................................................................ 6 (NotesRegardingSignificantChangesinShareholders'Equity) ............................................................................. 7 (NotesRegardingtheGoingConcernAssumption) ................................................................................................. 7 (NotesRegardingStatementsofCashFlows) ......................................................................................................... 7
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2 1.ResultsofOperations (1)OverviewofResultsofOperationsduringthePeriod TheCyberAgentGroupisexpandingitsbusinessaround"ABEMA",anewTVofthefuturelaunchedin2016.Recently, theIPbusinesscenteredonamultimediafranchisestrategyhasbeengrowingrapidlyinJapanandworldwide.Forthis reason,thegroupisalsoworkingtostrengthenitsIPbusiness,whichhasahighaffinitywith"ABEMA". FortheninemonthsendedJune30,2026,thegroup'sthreecorebusinesses–theMedia&IPBusiness,Internet AdvertisementBusiness,andGameBusiness–recordedhigherrevenue.Asaresult,netsalestotaled¥709,272million (anincreaseof12.2%yearonyear),operatingincomeamountedto¥67,449million (anincreaseof38.2%yearon year),ordinaryincomeamountedto¥69,182million (anincreaseof42.3%yearonyear),andprofitattributableto ownersoftheparentamountedto¥36,035million (anincreaseof49.5%yearonyear). Earningsbybusinesssegmentsarediscussedbelow. (a)Media&IPBusiness TheMedia&IPBusiness,whichincludes"ABEMA","WINTICKET",theAnime&IPDivision,Cypic,Inc.,andothers, hasstronglybuiltuprevenueinalayeredmanner.Netsalestotaled¥183,931million (anincreaseof8.9%yearon year).Operatingincomeincreasedsignificantlyto¥13,178million (anincreaseof88.0%yearonyear),drivenby AbemaTV,Inc. (b)InternetAdvertisementBusiness TheInternetAdvertisementBusinessincludestheInternetAdvertisementDivision,theAIDivision,andothers. FortheninemonthsendedJune30,2026,netsalestotaled¥363,687million (anincreaseof4.9%yearonyear), whileoperatingincomeamountedto¥15,425million (adecreaseof1.7%yearonyear).However,netsaleshave continuedtomaintainahighyear-on-yeargrowthratesincethepreviousquarter. (c)GameBusiness TheGameBusinessincludesCygames,Inc.,Applibot,Inc.,QualiArts,Inc.,ColorfulPaletteInc.,andSumzap,Inc., andothers. FortheninemonthsendedJune30,2026,netsalestotaled¥193,391million (anincreaseof37.8%yearonyear), drivenmainlybythestrongperformanceofflagshiptitlesandtheglobalsuccessofcasualgames.Operatingincome amountedto¥50,923million (anincreaseof44.8%yearonyear),resultinginsignificantincreasesinbothsalesand profit. (d)InvestmentDevelopmentBusiness TheInvestmentDevelopmentBusinessconsistsoftheCyberAgentcorporateventurecapitalbusinessandthefund operationsofCyberAgentCapital,Inc.Netsalestotaled¥243million (adecreaseof83.0%yearonyear),and operatinglossamountedto¥1,648million(comparedtoanoperatinglossof¥860millioninthesameperiodofthe previousyear). (2)OverviewofFinancialPositionduringthePeriod (Financialposition) AsofJune30,2026,totalassetsdecreasedby¥5,989millioncomparedtotheendofthepreviousfiscalyearand amountedto¥551,172million.Itismainlyduetoadecreaseincashanddepositsresultingfrompaymentsof corporatetaxesanddividends,amongotherfactors. Totalliabilitiesdecreasedby¥28,206millioncomparedtotheendofthepreviousfiscalyearandamountedto ¥253,275million.Itismainlyduetoadecreaseinincometaxpayableresultingfromincometaxpayment. Equityincreasedby¥22,216millioncomparedtotheendofthepreviousfiscalyearandamountedto¥297,897 million.Itismainlyduetoanincreaseinretainedearningsowingtotherecordingofnetincomeattributableto ownersoftheparent. (3)ExplanationofForecastofConsolidatedFinancialResultsandOtherForward-LookingInformation TheforecastforFY2026hasbeenrevisedfromitsoriginalpublicationonNovember14,2025.Fordetails,pleaserefer tothe"NoticeonRevisionstoEarningsandDividendForecast"releasedtoday(August7,2026).
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3 2.QuarterlyConsolidatedFinancialStatementsandPrimaryNotes (1)QuarterlyConsolidatedBalanceSheets (Millionsofyen) AsofSeptember30,2025 AsofJune30,2026 Assets Currentassets Cashanddeposits 229,849 212,081 Notesandaccountsreceivable-trade,and contractassets 88,514 87,818 Inventories 10,304 10,354 Operationalinvestmentsecurities 16,339 15,093 Other 45,300 49,559 Allowancefordoubtfulaccounts (93) (814) Totalcurrentassets 390,215 374,093 Non-currentassets Property,plantandequipment 32,595 39,847 Intangibleassets Goodwill 13,894 13,852 Other 42,869 50,046 Totalintangibleassets 56,763 63,898 Investmentsandotherassets Other 78,420 73,757 Allowancefordoubtfulaccounts (871) (456) Totalinvestmentsandotherassets 77,549 73,301 Totalnon-currentassets 166,908 177,047 Deferredassets 38 31 Totalassets 557,162 551,172 Liabilities Currentliabilities Accountspayable-trade 81,747 76,010 Incometaxespayable 20,797 7,737 Short-termborrowings 600 2,003 Other 74,646 61,308 Totalcurrentliabilities 177,791 147,059 Non-currentliabilities Convertible-bond-typebondswithshare acquisitionrights 40,353 40,239 Long-termborrowings 52,418 54,616 Provisionforcontinuousservicesbenefits 3,734 4,027 Assetretirementobligations 2,668 2,859 Other 4,514 4,471 Totalnon-currentliabilities 103,689 106,215 Totalliabilities 281,481 253,275 Equity Shareholders'equity Sharecapital 7,654 7,720 Capitalsurplus 12,372 13,568 Retainedearnings 146,260 173,615 Treasuryshares (1) (1) Totalshareholders'equity 166,285 194,902 Accumulatedothercomprehensiveincome Valuationdifferenceonavailable-for-sale securities 13,551 9,818 Foreigncurrencytranslationadjustments 155 269 Totalaccumulatedothercomprehensiveincome 13,707 10,088 Shareacquisitionrights 3,760 4,012 Non-controllinginterests 91,927 88,895 TotalEquity 275,681 297,897 Totalliabilitiesandequity 557,162 551,172
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4 (2)QuarterlyConsolidatedStatementsofIncomeandComprehensiveIncome QuarterlyConsolidatedStatementsofIncome (Millionsofyen) Fortheninemonths endedJune30,2025 Fortheninemonths endedJune30,2026 Netsales 631,993 709,272 Costofsales 448,687 489,186 Grossprofit 183,306 220,086 Selling,generalandadministrativeexpenses 134,507 152,636 Operatingincome 48,798 67,449 Non-operatingincome Interestincome 287 512 Dividendincome 471 477 Shareofprofitofentitiesaccountedforusingequity method － 72 Foreignexchangegains － 965 Other 422 479 Totalnon-operatingincome 1,181 2,506 Non-operatingexpenses Interestexpenses 312 370 Shareoflossofentitiesaccountedforusingequity method 146 － Other 889 402 Totalnon-operatingexpenses 1,348 773 Ordinaryincome 48,631 69,182 Extraordinaryincome Gainonsaleofnon-currentassets 1,703 4 Gainonsaleofbusinesses 24 80 Other 532 9 Totalextraordinaryincome 2,260 93 Extraordinarylosses Impairmentlosses 3,892 1,318 Other 243 1,094 Totalextraordinarylosses 4,135 2,412 Profitbeforeincometaxes 46,756 66,863 Incometaxes-current 15,569 18,935 Incometaxes-deferred 1,172 1,920 Totalincometaxes 16,741 20,855 Profit 30,015 46,007 Profitattributabletonon-controllinginterests 5,912 9,972 Profitattributabletoownersoftheparent 24,103 36,035
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5 QuarterlyConsolidatedStatementsofComprehensiveIncome (Millionsofyen) Fortheninemonths endedJune30,2025 Fortheninemonths endedJune30,2026 Profit 30,015 46,007 Othercomprehensiveincome Valuationdifferenceonavailable-for-sale securities 846 (3,700) Foreigncurrencytranslationadjustment (121) 90 Shareofothercomprehensiveincomeofentities accountedforusingequitymethod 34 24 Totalothercomprehensiveincome 759 (3,585) Comprehensiveincome 30,775 42,422 (Comprehensiveincomeattributableto) Comprehensiveincomeattributabletoownersof parent 24,848 32,416 Comprehensiveincomeattributableto non-controllinginterests 5,926 10,006
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6 (3)NotestoConsolidatedInterimFinancialStatements (NoteRegardingSegmentInformation) I.NinemonthsendedJune30,2025(October1, 2024 toJune30,2025) 1.SalesandIncome(Loss)byReportableSegment (Unit:¥million) ReportableSegment Reconcili ations* Consolidated Interim Statements ofIncome Media &IP Business Internet Advertise ment Business Game Business Investment Development Business Total Netsales Revenuefrom contractswith customers** 158,807 331,672 140,078 1,435 631,993 － 631,993 Salestoexternal customers 158,807 331,672 140,078 1,435 631,993 － 631,993 Inter-segmentsales ortransfers 10,106 15,075 285 0 25,467 (25,467) － Total 168,913 346,748 140,364 1,435 657,461 (25,467) 631,993 Segmentincome(loss) 7,008 15,697 35,162 (860) 57,007 (8,209) 48,798 *Reconciliationsof-¥8,209millionrepresentcorporategeneralandadministrativeexpensesnotallocabletoa reportablesegment. **Theamountofrevenueotherthan"Revenuefromcontractswithcustomers"isinsignificant.TheCompanydoesnot reportitseparatelyfrom"Revenuefromcontractswithcustomers". 2.Mattersrelatedtoimpairmentlossofnon-currentassets,goodwillandotherinformationinReportableSegment (Significantimpairmentlossofnon-currentassets) IntheMedia&IPbusiness,InternetAdvertisementbusiness,andGamebusinesssegments,theCompanypostedan extraordinarylossasanimpairmentlossduetothelackofexpectedrevenuesandcostreductionresultingfromthe declineinprofitabilityanddiscontinuationofsomeservices. TheamountofimpairmentlossfortheninemonthsendedJune30,2025isasfollows. (Unit:¥million) Media&IP 4 InternetAdvertisement 373 Game 3,514 Total 3,892
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7 II.NinemonthsendedJune30,2026(October1, 2025 toJune30,2026) 1.SalesandIncome(Loss)byReportableSegment (Unit:¥million) ReportableSegment Reconcili ations* Consolidated Interim Statements ofIncome Media &IP Business Internet Advertise ment Business Game Business Investment Development Business Total Netsales Revenuefrom contractswith customers** 171,098 344,892 193,038 243 709,272 － 709,272 Salestoexternal customers 171,098 344,892 193,038 243 709,272 － 709,272 Inter-segmentsales ortransfers 12,832 18,795 352 － 31,980 (31,980) － Total 183,931 363,687 193,391 243 741,253 (31,980) 709,272 Segmentincome(loss) 13,178 15,425 50,923 (1,648) 77,878 (10,428) 67,449 *Reconciliationsof-¥10,428millionrepresentcorporategeneralandadministrativeexpensesnotallocabletoa reportablesegment. **Theamountofrevenueotherthan"Revenuefromcontractswithcustomers"isinsignificant.TheCompanydoesnot reportitseparatelyfrom"Revenuefromcontractswithcustomers". 2.Mattersrelatedtoimpairmentlossofnon-currentassets,goodwillandotherinformationinReportableSegment (Significantimpairmentlossofnon-currentassets) IntheMedia&IPbusiness,InternetAdvertisementbusiness,andGamebusinesssegments,aswellascorporate assetsnotattributabletoanyreportablesegment,theCompanypostedanextraordinarylossasanimpairmentloss duetothelackofexpectedrevenuesandcostreductionresultingfromthedeclineinprofitabilityanddiscontinuation ofsomeservices. TheamountofimpairmentlossfortheninemonthsendedJune30,2026isasfollows. (Unit:¥million) Media&IP 383 InternetAdvertisement 214 Game 720 Corporateassets 0 Total 1,318 (NotesRegardingSignificantChangesinShareholders'Equity) Noapplicableitems. (NotesRegardingtheGoingConcernAssumption) Noapplicableitems. (NotesRegardingStatementsofCashFlows) TheconsolidatedstatementsofcashflowsfortheninemonthsendedJune30,2026havenotbeenprepared. Depreciation(includingamortizationofintangibleassetsexcludinggoodwill)andamortizationofgoodwillduringthe cumulativeconsolidatedfortheninemonthsendedJune30,2026isasfollows. (Unit:¥million) Fortheninemonths endedJune30,2025 Fortheninemonths endedJune30,2026 Depreciation 6,209 8,580 Amortizationofgoodwill 641 637