CyberAgent, Inc. (TSE: 4751), the Tokyo-based internet group behind the ABEMA streaming service, one of Japan's largest internet-advertising operations and the Cygames-led mobile-game stable, reported results for the first half (October 2025–March 2026) of its fiscal year ending September 2026. Under Japanese GAAP, consolidated revenue rose 13.6% to ¥478.58 billion, operating profit surged 79.8% to ¥52.46 billion, ordinary profit climbed 84.8% to ¥53.92 billion and net profit attributable to owners jumped 72.3% to ¥27.34 billion — all record highs for an interim period. EPS came to ¥53.92, up from ¥31.32 a year earlier.
Games surge on existing titles and overseas expansion
The Game business — home to Cygames, Applibot, QualiArts, Colorful Palette and Sumzap — was the biggest profit driver. Revenue jumped 47.4% to ¥132.23 billion as existing titles performed strongly and overseas expansion progressed, and the segment's high profitability lifted its operating profit 106.3% to ¥38.60 billion.
ABEMA turns profitable; Media & IP profit more than doubles
The Media & IP segment — spanning the ABEMA streaming platform launched in 2016, the WINTICKET betting service, the anime & IP division and CyberPictures — layered up revenue streams for sales of ¥124.81 billion, up 10.7%. Segment operating profit surged 119.8% to ¥10.40 billion, helped by AbemaTV, Inc. moving into profitability. With media-mix-driven IP business growing rapidly in Japan and worldwide, the group says it is strengthening IP operations with high affinity to ABEMA.
Internet advertising recovers in the second quarter
The Internet Advertising business, which includes the internet-ad and AI divisions, posted revenue up 3.0% to ¥242.35 billion, while operating profit slipped 6.5% to ¥11.28 billion; in the January–March quarter alone, however, both revenue and profit returned to year-on-year growth. The small Investment Development segment recorded revenue of ¥235 million (−62.6%) and an operating loss of ¥764 million (prior-year period: ¥749 million loss).
Balance sheet, cash flow and dividend
Total assets stood at ¥556.51 billion, roughly flat versus end-September, while net assets rose ¥8.70 billion to ¥284.38 billion on retained earnings, lifting the equity ratio to 35.0% from 32.3%. Cash and equivalents fell ¥48.20 billion to ¥177.95 billion, chiefly on placements into time deposits; operating cash flow was a ¥19.61 billion inflow. As planned, CyberAgent pays no interim dividend and forecasts a year-end dividend of ¥19.00 per share — an annual total of ¥19.00, up from ¥17.00 — with no revision to the dividend forecast.
FY9/26 guidance unchanged
CyberAgent left its full-year forecast, published on November 14, 2025, unchanged: revenue of ¥880.0 billion (+0.7%), operating profit of ¥50.0–60.0 billion (−30.3% to −16.3%), ordinary profit of ¥50.0–60.0 billion and net profit of ¥25.0–30.0 billion, for EPS of ¥49.30–59.16. The ¥52.46 billion earned in the first half already sits within the full-year operating-profit range.
| Metric | H1 FY9/26 | H1 FY9/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 478,584 | 421,214 | +13.6% |
| Operating profit (¥m) | 52,459 | 29,169 | +79.8% |
| Ordinary profit (¥m) | 53,920 | 29,178 | +84.8% |
| Net profit attrib. (¥m) | 27,336 | 15,863 | +72.3% |
| EPS (¥) | 53.92 | 31.32 | +72.2% |
| Equity ratio | 35.0% | 32.3% | +2.7pp |
| FY9/26 OP guidance (¥m) | 50,000–60,000 | — | −30.3% to −16.3% |
| Annual dividend forecast (¥) | 19.00 | 17.00 | +2.00 |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.