CyberAgentCyberAgent,Inc.4751東証プライムサービス業FY ending Sep 2025, consolidated, J-GAAP

CyberAgent FY ending Sep 2025 results

About 50% of CyberAgent's sales come from Internet advertisement business, with Media and IP and Game business making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +9.1% from the prior year, operating profit +78.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.1% · profit +78.9%, calculated from disclosed figures.

Operating leverage: 8.68× (profit growth ÷ revenue growth)

What changed from last year

FY ending Sep 2024 → FY ending Sep 2025

Revenue: +9.1%¥801.2B → ¥874B
Gross profit: +20.7%¥218.8B → ¥264.1B
Operating income: +78.9%¥40.1B → ¥71.7B
Net income attributable to owners: +98.2%¥16B → ¥31.7B
Operating cash flow: +49.4%¥53.2B → ¥79.5B

Results at a glance

Revenue for the FY ending Sep 2025 grew 9.1% to ¥874B, up from ¥801.2B.
Profit grew much faster: operating income rose 78.9% from ¥40.1B to ¥71.7B, and net income attributable to owners rose 98.2% from ¥16B to ¥31.7B.
Operating cash flow also increased 49.4% to ¥79.5B, from ¥53.2B.

What drove the change

Media and IP kept growing on ABEMA and WINTICKET, and turned a profit for the first time since ABEMA launched.
Several new games became big hits and overseas launches went well. Moving to external payment systems also helped game profits.
Ad revenue still grew even though a large client left in the second half, but spending on new AI businesses cut the segment's profit.

Things to watch

Online advertising depends on the economy, so a downturn could hurt results.
Slower growth in the media or game markets could weigh on performance.
Tighter rules on digital platforms, personal data, or advertising claims could limit how the businesses operate.

Amended Annual Securities Report, 28th fiscal year (Oct 2024 - Sep 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Amended Annual Securities Report, 28th fiscal year (Oct 2024 - Sep 2025) / 事業等のリスク

Where the money goes

FY ending Sep 2024 → FY ending Sep 2025

Where ¥100 of sales goes

For every ¥100 CyberAgent sells, how much goes where, and how much is kept.

FY ending Sep 2025

Cost of sales: ¥70
SG&A: ¥22
Operating profit: ¥8
Net profit kept: ¥4

Annual margin trends

Gross margin30.2%

Operating margin8.2%

Net margin3.6%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Sep 2025

Internet advertisement business¥438.8B
50%
Op. margin 4.0%Industry: Advertising
Media and IP¥217.2B
25%
Op. margin 3.4%Industry: Streaming
Game business¥216.4B
25%
Op. margin 27.8%Industry: Games
Investment development business¥1.66B
0%
Op. margin -91.1%Industry: Venture Capital

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
訂正有価証券報告書－第28期(2024/10/01－2025/09/30)
ID S100XZ2X2026-04-15Open
EDINET (FSA Japan)
訂正有価証券報告書－第27期(2023/10/01－2024/09/30)
ID S100VRC42025-05-15Open
EDINET (FSA Japan)
有価証券報告書－第26期(2022/10/01－2023/09/30)
ID S100SFQ12023-12-08Open
EDINET (FSA Japan)
有価証券報告書－第25期(令和3年10月1日－令和4年9月30日)
ID S100PRZU2022-12-09Open
EDINET (FSA Japan)
有価証券報告書－第24期(令和2年10月1日－令和3年9月30日)
ID S100N0OD2021-12-10Open
EDINET (FSA Japan)
有価証券報告書－第23期(令和1年10月1日－令和2年9月30日)
ID S100KD7H2020-12-15Open

Extracted from XBRL: 53

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