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CyberAgent FY9/2025 Q1 Earnings Release, Game Segment: Net Sales ¥38,247M (-15.09% YoY), Op. Profit ¥3,352M (-4.09% YoY). "Other" merged into Media

ggx2ac

Member
Scholar
(They publish Dark Souls)
Earnings Release: https://pdf.cyberagent.co.jp/C4751/uVIG/kxhb/euWJ.pdf

Presentation Slides: https://pdf.cyberagent.co.jp/C4751/uVIG/kGEt/DmDs.pdf

This is the 1st quarter earnings results for the fiscal year ending September 2025.

The following tables come from my webpage: https://r134x7.github.io/nintendo-earnings-data-and-other-video-game-companies/#/cyberAgent

News:
"Effective from the first quarter of the current fiscal year, the Company integrated the "Other Businesses" segment into the "Media Business" segment in accordance with a new structure to strengthen group synergies around "ABEMA", a new TV of the future. Accordingly, "Media Business" has been renamed "Media & IP Business" with the aim of expanding animation and other IP businesses."

From the earnings release:
Principal services provided by each reportable segment are summarized below:
Reportable Segment
Details of Services Belonging to the Segment

Media & IP Business
ABEMA and WINTICKET, etc
Internet Advertisement Business
Advertising, AI, etc

Game Business
Game applications for smartphone, etc.

Investment Development Business
Corporate venture capital and fund operation, etc

From the presentation slides:
- "Sales decline due to slowdown of released games despite successful new games’ performance."
- "[Upcoming games* ] Plans to release more than six new games in FY 2025 including international versions."
5 Umamusume: Pretty Derby –Party Dash : © Cygames, Inc. Developed by ARC SYSTEM WORKS
6 Jujutsu Kaisen Phantom Parade:© Gege Akutami/Shueisha, JUJUTSU KAISEN Project ©Sumzap, Inc./TOHO CO., LTD. All Rights Reserved. Published by BILIBILI HK LIMITED
7 Shadowverse: Worlds Beyond: © Cygames, Inc.
8 Chiikawa Pocket: ©nagano / chiikawa committee
9 SAKAMOTO DAYS: ©Yuto Suzuki /Shueisha・SAKAMOTO DAYS Production Committee© GOODROID,Inc. ALL Rights Reserved. CyberAgent Group.
10 Umamusume: Pretty Derby: © Cygames, Inc.

Consolidated Earnings:
Code:
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| CyberAgent, Inc. | FY9/2025               |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results            |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                  |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |    ¥203,842M |    +5.58% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY9/2025 Forecast|    ¥820,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income           |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥8,301M |    +32.1% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY9/2025 Forecast|     ¥42,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        4.07% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY9/2025 Forecast|        5.12% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥5,071M | +1174.36% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY9/2025 Forecast|     ¥21,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

Segment Information:
Code:
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| CyberAgent, Inc. | FY9/2025   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Media & IP                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥55,638M |   +30.04% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Effective from the first quarter of    |
| the current fiscal year, the Company   |
| integrated the "Other Businesses"      |
| segment into the "Media Business"      |
| segment in accordance with a new       |
| structure to strengthen group          |
| synergies around "ABEMA", a new TV of  |
| the future. Accordingly, "Media        |
| Business" has been renamed "Media & IP |
| Business" with the aim of expanding    |
| animation and other IP businesses.     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Media & IP                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥1,416M |  +242.89% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Effective from the first quarter of    |
| the current fiscal year, the Company   |
| integrated the "Other Businesses"      |
| segment into the "Media Business"      |
| segment in accordance with a new       |
| structure to strengthen group          |
| synergies around "ABEMA", a new TV of  |
| the future. Accordingly, "Media        |
| Business" has been renamed "Media & IP |
| Business" with the aim of expanding    |
| animation and other IP businesses.     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Media & IP                 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        2.55% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Effective from the first quarter of    |
| the current fiscal year, the Company   |
| integrated the "Other Businesses"      |
| segment into the "Media Business"      |
| segment in accordance with a new       |
| structure to strengthen group          |
| synergies around "ABEMA", a new TV of  |
| the future. Accordingly, "Media        |
| Business" has been renamed "Media & IP |
| Business" with the aim of expanding    |
| animation and other IP businesses.     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Internet Advertisement     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |    ¥117,792M |   +11.84% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Internet Advertisement     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥6,012M |    +6.09% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Internet Advertisement     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |         5.1% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Game                       |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥38,247M |   -15.09% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Game                       |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥3,352M |    -4.09% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Game                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        8.76% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Investment Development     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        ¥465M |   -24.88% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Investment Development     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |         ¥85M |   -16.67% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Investment Development     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |       18.28% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Adjustment                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥-8,300M |    +4.09% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Adjustment                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥-2,566M |   -17.54% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Adjustment                 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |       30.92% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |    ¥203,842M |    +5.58% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥8,301M |    +32.1% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        4.07% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

SPECIAL PAGE DATA

Consolidated Earnings 1st Quarters:
Code:
+−−−−−−−−−−−−−−−−−−+
| CyberAgent, Inc. |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |    ¥43,715M |
| FY9/2015 1st Quarter |    ¥63,451M |
| FY9/2016 1st Quarter |    ¥74,030M |
| FY9/2017 1st Quarter |    ¥86,571M |
| FY9/2018 1st Quarter |    ¥97,914M |
| FY9/2019 1st Quarter |   ¥110,855M |
| FY9/2020 1st Quarter |   ¥115,681M |
| FY9/2021 1st Quarter |   ¥131,014M |
| FY9/2022 1st Quarter |   ¥171,090M |
| FY9/2023 1st Quarter |   ¥167,577M |
| FY9/2024 1st Quarter |   ¥193,075M |
| FY9/2025 1st Quarter |   ¥203,842M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |    ¥1,458,815M |
| Average           |      ¥121,568M |
| Median            |      ¥113,268M |
| Minimum           |       ¥43,715M |
| Maximum           |      ¥203,842M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥4,263M |
| FY9/2015 1st Quarter |    ¥12,535M |
| FY9/2016 1st Quarter |    ¥12,986M |
| FY9/2017 1st Quarter |     ¥6,354M |
| FY9/2018 1st Quarter |     ¥8,246M |
| FY9/2019 1st Quarter |     ¥5,346M |
| FY9/2020 1st Quarter |     ¥7,733M |
| FY9/2021 1st Quarter |     ¥7,058M |
| FY9/2022 1st Quarter |    ¥19,804M |
| FY9/2023 1st Quarter |    ¥-1,255M |
| FY9/2024 1st Quarter |     ¥6,284M |
| FY9/2025 1st Quarter |     ¥8,301M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥97,655M |
| Average           |        ¥8,138M |
| Median            |        ¥7,396M |
| Minimum           |       ¥-1,255M |
| Maximum           |       ¥19,804M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥2,066M |
| FY9/2015 1st Quarter |     ¥6,361M |
| FY9/2016 1st Quarter |     ¥5,913M |
| FY9/2017 1st Quarter |     ¥1,326M |
| FY9/2018 1st Quarter |     ¥2,361M |
| FY9/2019 1st Quarter |       ¥916M |
| FY9/2020 1st Quarter |     ¥1,456M |
| FY9/2021 1st Quarter |     ¥2,930M |
| FY9/2022 1st Quarter |     ¥6,091M |
| FY9/2023 1st Quarter |    ¥-5,002M |
| FY9/2024 1st Quarter |      ¥-472M |
| FY9/2025 1st Quarter |     ¥5,071M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥29,017M |
| Average           |        ¥2,418M |
| Median            |        ¥2,214M |
| Minimum           |       ¥-5,002M |
| Maximum           |        ¥6,361M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

Segment Information 1st Quarters:
Code:
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| CyberAgent, Inc.                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Media & IP                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥7,233M |
| FY9/2015 1st Quarter |     ¥6,071M |
| FY9/2016 1st Quarter |     ¥5,819M |
| FY9/2017 1st Quarter |     ¥5,932M |
| FY9/2018 1st Quarter |     ¥7,384M |
| FY9/2019 1st Quarter |     ¥9,528M |
| FY9/2020 1st Quarter |    ¥12,229M |
| FY9/2021 1st Quarter |    ¥20,428M |
| FY9/2022 1st Quarter |    ¥24,996M |
| FY9/2023 1st Quarter |    ¥33,485M |
| FY9/2024 1st Quarter |    ¥42,784M |
| FY9/2025 1st Quarter |    ¥55,638M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥231,527M |
| Average           |       ¥19,294M |
| Median            |       ¥10,879M |
| Minimum           |        ¥5,819M |
| Maximum           |       ¥55,638M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Media & IP                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |        ¥22M |
| FY9/2015 1st Quarter |       ¥316M |
| FY9/2016 1st Quarter |       ¥683M |
| FY9/2017 1st Quarter |    ¥-4,588M |
| FY9/2018 1st Quarter |    ¥-3,298M |
| FY9/2019 1st Quarter |    ¥-4,991M |
| FY9/2020 1st Quarter |    ¥-5,050M |
| FY9/2021 1st Quarter |    ¥-3,926M |
| FY9/2022 1st Quarter |    ¥-3,840M |
| FY9/2023 1st Quarter |    ¥-9,356M |
| FY9/2024 1st Quarter |      ¥-991M |
| FY9/2025 1st Quarter |     ¥1,416M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥-33,603M |
| Average           |       ¥-2,800M |
| Median            |       ¥-3,569M |
| Minimum           |       ¥-9,356M |
| Maximum           |        ¥1,416M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Internet Advertisement             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |    ¥24,449M |
| FY9/2015 1st Quarter |    ¥33,347M |
| FY9/2016 1st Quarter |    ¥39,293M |
| FY9/2017 1st Quarter |    ¥48,774M |
| FY9/2018 1st Quarter |    ¥57,284M |
| FY9/2019 1st Quarter |    ¥62,840M |
| FY9/2020 1st Quarter |    ¥35,251M |
| FY9/2021 1st Quarter |    ¥76,587M |
| FY9/2022 1st Quarter |    ¥87,831M |
| FY9/2023 1st Quarter |    ¥95,639M |
| FY9/2024 1st Quarter |   ¥105,320M |
| FY9/2025 1st Quarter |   ¥117,792M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥784,407M |
| Average           |       ¥65,367M |
| Median            |       ¥60,062M |
| Minimum           |       ¥24,449M |
| Maximum           |      ¥117,792M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Internet Advertisement             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥2,072M |
| FY9/2015 1st Quarter |     ¥2,884M |
| FY9/2016 1st Quarter |     ¥3,359M |
| FY9/2017 1st Quarter |     ¥4,726M |
| FY9/2018 1st Quarter |     ¥5,484M |
| FY9/2019 1st Quarter |     ¥4,543M |
| FY9/2020 1st Quarter |     ¥5,118M |
| FY9/2021 1st Quarter |     ¥5,705M |
| FY9/2022 1st Quarter |     ¥5,746M |
| FY9/2023 1st Quarter |     ¥5,001M |
| FY9/2024 1st Quarter |     ¥5,667M |
| FY9/2025 1st Quarter |     ¥6,012M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥56,317M |
| Average           |        ¥4,693M |
| Median            |        ¥5,060M |
| Minimum           |        ¥2,072M |
| Maximum           |        ¥6,012M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Game                               |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |    ¥11,421M |
| FY9/2015 1st Quarter |    ¥19,748M |
| FY9/2016 1st Quarter |    ¥29,754M |
| FY9/2017 1st Quarter |    ¥34,649M |
| FY9/2018 1st Quarter |    ¥33,727M |
| FY9/2019 1st Quarter |    ¥36,363M |
| FY9/2020 1st Quarter |    ¥67,322M |
| FY9/2021 1st Quarter |    ¥29,954M |
| FY9/2022 1st Quarter |    ¥58,329M |
| FY9/2023 1st Quarter |    ¥40,916M |
| FY9/2024 1st Quarter |    ¥45,043M |
| FY9/2025 1st Quarter |    ¥38,247M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥445,473M |
| Average           |       ¥37,123M |
| Median            |       ¥35,506M |
| Minimum           |       ¥11,421M |
| Maximum           |       ¥67,322M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Game                               |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥2,057M |
| FY9/2015 1st Quarter |     ¥4,777M |
| FY9/2016 1st Quarter |     ¥8,836M |
| FY9/2017 1st Quarter |     ¥6,455M |
| FY9/2018 1st Quarter |     ¥5,640M |
| FY9/2019 1st Quarter |     ¥3,193M |
| FY9/2020 1st Quarter |     ¥5,662M |
| FY9/2021 1st Quarter |     ¥1,137M |
| FY9/2022 1st Quarter |    ¥17,130M |
| FY9/2023 1st Quarter |     ¥5,212M |
| FY9/2024 1st Quarter |     ¥3,495M |
| FY9/2025 1st Quarter |     ¥3,352M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥66,946M |
| Average           |        ¥5,579M |
| Median            |        ¥4,995M |
| Minimum           |        ¥1,137M |
| Maximum           |       ¥17,130M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Investment Development             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |       ¥345M |
| FY9/2015 1st Quarter |     ¥5,682M |
| FY9/2016 1st Quarter |       ¥367M |
| FY9/2017 1st Quarter |        ¥89M |
| FY9/2018 1st Quarter |       ¥835M |
| FY9/2019 1st Quarter |     ¥3,895M |
| FY9/2020 1st Quarter |     ¥2,953M |
| FY9/2021 1st Quarter |     ¥5,314M |
| FY9/2022 1st Quarter |     ¥2,461M |
| FY9/2023 1st Quarter |       ¥139M |
| FY9/2024 1st Quarter |       ¥619M |
| FY9/2025 1st Quarter |       ¥465M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥23,164M |
| Average           |        ¥1,930M |
| Median            |          ¥727M |
| Minimum           |           ¥89M |
| Maximum           |        ¥5,682M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Investment Development             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |        ¥56M |
| FY9/2015 1st Quarter |     ¥4,847M |
| FY9/2016 1st Quarter |        ¥90M |
| FY9/2017 1st Quarter |       ¥-97M |
| FY9/2018 1st Quarter |       ¥510M |
| FY9/2019 1st Quarter |     ¥3,396M |
| FY9/2020 1st Quarter |     ¥2,665M |
| FY9/2021 1st Quarter |     ¥4,636M |
| FY9/2022 1st Quarter |     ¥1,969M |
| FY9/2023 1st Quarter |      ¥-286M |
| FY9/2024 1st Quarter |       ¥102M |
| FY9/2025 1st Quarter |        ¥85M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥17,973M |
| Average           |        ¥1,498M |
| Median            |          ¥306M |
| Minimum           |         ¥-286M |
| Maximum           |        ¥4,847M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Other                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥3,387M |
| FY9/2015 1st Quarter |     ¥4,068M |
| FY9/2016 1st Quarter |     ¥4,070M |
| FY9/2017 1st Quarter |     ¥2,851M |
| FY9/2018 1st Quarter |     ¥4,046M |
| FY9/2019 1st Quarter |     ¥4,583M |
| FY9/2020 1st Quarter |     ¥4,643M |
| FY9/2021 1st Quarter |     ¥5,223M |
| FY9/2022 1st Quarter |     ¥6,347M |
| FY9/2023 1st Quarter |     ¥6,076M |
| FY9/2024 1st Quarter |     ¥7,961M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             11 |
| Sum               |       ¥53,255M |
| Average           |        ¥4,841M |
| Median            |        ¥4,583M |
| Minimum           |        ¥2,851M |
| Maximum           |        ¥7,961M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Other                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |        ¥76M |
| FY9/2015 1st Quarter |        ¥18M |
| FY9/2016 1st Quarter |       ¥380M |
| FY9/2017 1st Quarter |       ¥417M |
| FY9/2018 1st Quarter |       ¥554M |
| FY9/2019 1st Quarter |        ¥27M |
| FY9/2020 1st Quarter |       ¥288M |
| FY9/2021 1st Quarter |       ¥289M |
| FY9/2022 1st Quarter |       ¥152M |
| FY9/2023 1st Quarter |      ¥-130M |
| FY9/2024 1st Quarter |       ¥195M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             11 |
| Sum               |        ¥2,266M |
| Average           |          ¥206M |
| Median            |          ¥195M |
| Minimum           |         ¥-130M |
| Maximum           |          ¥554M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Adjustment                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |    ¥-3,121M |
| FY9/2015 1st Quarter |    ¥-5,466M |
| FY9/2016 1st Quarter |    ¥-5,275M |
| FY9/2017 1st Quarter |    ¥-5,726M |
| FY9/2018 1st Quarter |    ¥-5,363M |
| FY9/2019 1st Quarter |    ¥-6,355M |
| FY9/2020 1st Quarter |    ¥-6,719M |
| FY9/2021 1st Quarter |    ¥-6,493M |
| FY9/2022 1st Quarter |    ¥-8,876M |
| FY9/2023 1st Quarter |    ¥-8,679M |
| FY9/2024 1st Quarter |    ¥-8,654M |
| FY9/2025 1st Quarter |    ¥-8,300M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥-79,027M |
| Average           |       ¥-6,586M |
| Median            |       ¥-6,424M |
| Minimum           |       ¥-8,876M |
| Maximum           |       ¥-3,121M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Adjustment                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |       ¥-22M |
| FY9/2015 1st Quarter |      ¥-309M |
| FY9/2016 1st Quarter |      ¥-363M |
| FY9/2017 1st Quarter |      ¥-560M |
| FY9/2018 1st Quarter |      ¥-644M |
| FY9/2019 1st Quarter |      ¥-823M |
| FY9/2020 1st Quarter |      ¥-951M |
| FY9/2021 1st Quarter |      ¥-783M |
| FY9/2022 1st Quarter |    ¥-1,353M |
| FY9/2023 1st Quarter |    ¥-1,695M |
| FY9/2024 1st Quarter |    ¥-2,183M |
| FY9/2025 1st Quarter |    ¥-2,566M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |      ¥-12,252M |
| Average           |       ¥-1,021M |
| Median            |         ¥-803M |
| Minimum           |       ¥-2,566M |
| Maximum           |          ¥-22M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |    ¥43,715M |
| FY9/2015 1st Quarter |    ¥63,451M |
| FY9/2016 1st Quarter |    ¥74,030M |
| FY9/2017 1st Quarter |    ¥86,571M |
| FY9/2018 1st Quarter |    ¥97,914M |
| FY9/2019 1st Quarter |   ¥110,855M |
| FY9/2020 1st Quarter |   ¥115,681M |
| FY9/2021 1st Quarter |   ¥131,014M |
| FY9/2022 1st Quarter |   ¥171,090M |
| FY9/2023 1st Quarter |   ¥167,577M |
| FY9/2024 1st Quarter |   ¥193,075M |
| FY9/2025 1st Quarter |   ¥203,842M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |    ¥1,458,815M |
| Average           |      ¥121,568M |
| Median            |      ¥113,268M |
| Minimum           |       ¥43,715M |
| Maximum           |      ¥203,842M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY9/2014 1st Quarter |     ¥4,263M |
| FY9/2015 1st Quarter |    ¥12,535M |
| FY9/2016 1st Quarter |    ¥12,986M |
| FY9/2017 1st Quarter |     ¥6,354M |
| FY9/2018 1st Quarter |     ¥8,246M |
| FY9/2019 1st Quarter |     ¥5,346M |
| FY9/2020 1st Quarter |     ¥7,733M |
| FY9/2021 1st Quarter |     ¥7,058M |
| FY9/2022 1st Quarter |    ¥19,804M |
| FY9/2023 1st Quarter |    ¥-1,255M |
| FY9/2024 1st Quarter |     ¥6,284M |
| FY9/2025 1st Quarter |     ¥8,301M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             12 |
| Sum               |       ¥97,655M |
| Average           |        ¥8,138M |
| Median            |        ¥7,396M |
| Minimum           |       ¥-1,255M |
| Maximum           |       ¥19,804M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FX                                 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Income                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FX                                 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| CyberAgent: January 31, 2013, we sold  |
| all shares of the CyberAgent FX, Inc.  |
| that belonged to the “FX business” and |
| it was excluded from the scope of      |
| consolidation starting from the second |
| quarter (as of February 1, 2013). As a |
| result, there is no asset in the “FX   |
| business” segment.                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
 
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