CyberAgent : FY2026 First Half Consolidated Financial Results

About this update from Cyberagent Incorporated

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. May 13, 2026 FY2026 First Half Consolidated Financial Results [Japanese GAAP] Listed company name: CyberAgent, Inc. Listed stock exchange: TSE Prime Market Code Number: 4751 URL https://www.cyberagent.co.jp/en/ Representative: Takahiro Yamauchi, Representative Director, President Inquiries: Go Nakayama, Senior Managing Executive Officer Tel: +81-3-5459-0202 Semi-annual report submission date: May 13, 2026 Dividend payment start date － Preparation of Supplementary Materials for Financial Results: Yes Holding the briefing of financial results: Yes (streaming only) (Amounts less than one million rounded down) Consolidated Financial Results (October 1, 2025 to March 31, 2026) Consolidated results of operations (cumulative) (% = Year on Year Change.) Net sales Operating income Ordinary income Net income attributable to owners of the parent Six months ended ¥ million % ¥ million % ¥ million % ¥ million % March 31, 2026 478,584 13.6 52,459 79.8 53,920 84.8 27,336 72.3 March 31, 2025 421,214 3.4 29,169 9.7 29,178 8.0 15,863 74.2 Note: Six months ended March 31, 2026 Comprehensive income: ¥31,426 million (59.9%) Six months ended March 31, 2025 Comprehensive income: ¥19,650 million (35.2%) Basic earnings per share Diluted earnings per share Six months ended ¥ ¥ March 31, 2026 53.92 50.91 March 31, 2025 31.32 29.54 Consolidated financial position Total assets Equity Shareholders' equity Shareholders' equity ratio As of ¥ million ¥ million ¥ million % March 31, 2026 556,509 284,384 194,677 35.0 September 30, 2025 557,162 275,681 179,992 32.3 Dividends Annual dividends 1Q 2Q 3Q Year end Total Fiscal year ended September 30, 2025 Fiscal year ended September 30, 2026 ¥ - - ¥ 0.00 0.00 ¥ - ¥ 17.00 ¥ 17.00 Fiscal year ended September 30, 2026 (Forecast) - 19.00 19.00 Note: Revisions to most recent dividend forecast: None Consolidated Forecasts (October 1, 2025 to September 30, 2026) (% = Year on Year Change.) Net sales Operating income Ordinary income Net income attributable to owners of the parent Basic earnings per share ¥ million % ¥ million % ¥ million % ¥ million % ¥ Full year 880,000 0.7 50,000 (30.3) 50,000 (30.3) 25,000 (21.1) 49.30 ~60,000 ~(16.3) ~60,000 ~(16.4) ~30,000 ~(5.3) ~59.16 Note: Revisions to most recent forecast: None *Notes (1) Significant changes in the scope of consolidation during the period: New: - companies( None ) Excluded: - companies( ) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None Changes in accounting policies, changes in accounting estimates, and restatement Changes in accounting policies due to revisions to accounting standards and other regulations: None Changes in accounting policies due to other reasons: None Changes in accounting estimates: None Restatement: None Number of issued shares (common stock) Total number of issued shares at the end of the period (including treasury shares) As of March 31, 2026 507,098,570 shares As of September 30, 2025 506,779,600 shares Number of treasury shares at the end of the period As of March 31, 2026 1,107 shares As of September 30, 2025 1,107 shares Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended March 31, 2026 506,937,108 shares Six months ended March 31, 2025 506,416,928 shares *Consolidated Financial Results for the Six-Month Period Ended March 31, 2026 (Japan GAAP) are outside the scope of review by certified public accountants or audit firms. *Appropriate Use of Earnings Forecast and Other Matters The forecast of performance is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those listed in this forecast because of various risks and uncertainties. For information related to the forecast indicated above, please refer to "1. Results of Operations (3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information" on page 2. Table of Contents Results of Operations 2 Overview of Results of Operations during the Period 2 Overview of Financial Position during the Period 2 Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information 2 Semi-annual Consolidated Financial Statements and Primary Notes 3 Semi-annual Consolidated Balance Sheets 3 Semi-annual Consolidated Statements of Income and Comprehensive Income 4 Semi-annual Consolidated Statements of Income 4 Semi-annual Consolidated Statements of Comprehensive Income 5 Semi-annual Consolidated Statements of Cash Flows 6 Notes to Consolidated Interim Financial Statements 7 (Notes Regarding Segment Information) 7 (Notes Regarding Significant Changes in Shareholders' Equity) 7 (Notes Regarding the Going Concern Assumption) 7 Results of Operations Overview of Results of Operations during the Period The CyberAgent Group is expanding its business around "ABEMA", a new TV of the future launched in 2016. Recently, the IP business centered on a multimedia franchise strategy has been growing rapidly in Japan and worldwide. For this reason, the group is also working to strengthen its IP business, which has a high affinity with "ABEMA". For the six months ended March 31, 2026, the Media & IP Business, Internet Advertisement Business, and Game Business recorded higher revenue. As a result, net sales totaled ¥478,584 million (an increase of 13.6% year on year), operating income amounted to ¥52,459 million (an increase of 79.8% year on year), ordinary income amounted to ¥53,920 million (an increase of 84.8% year on year), and profit attributable to owners of the parent amounted to ¥27,336 million (an increase of 72.3% year on year). Each of these figures reached a record high for an interim consolidated period. Earnings by business segments are discussed below. Media & IP Business The Media & IP Business, which includes "ABEMA", "WINTICKET", the Anime & IP Division, Cypic, Inc., and others, has strongly built up revenue in a layered manner. Net sales totaled ¥124,812 million (an increase of 10.7% year on year). Operating income increased significantly to ¥10,396 million (an increase of 119.8% year on year), driven by AbemaTV, Inc. Internet Advertisement Business The Internet Advertisement Business includes the Internet Advertisement Division, the AI Division, and others. For the six months ended March 31, 2026, net sales totaled ¥242,349 million (an increase of 3.0% year on year), while operating income amounted to ¥11,275 million (a decrease of 6.5% year on year). In this second quarter, however, both net sales and operating income increased year on year, indicating a recovery. Game Business The Game Business includes Cygames, Inc., Applibot, Inc., QualiArts, Inc., Colorful Palette Inc., and Sumzap, Inc., and others. For the six months ended March 31, 2026, net sales totaled ¥132,227 million (an increase of 47.4% year on year), driven mainly by the strong performance of existing titles and the continued expansion of overseas business. Operating income amounted to ¥38,596 million (an increase of 106.3% year on year), reflecting high profitability. Investment Development Business The Investment Development Business consists of the CyberAgent corporate venture capital business and the fund operations of CyberAgent Capital, Inc. Net sales totaled ¥235 million (a decrease of 62.6% year on year), and operating loss amounted to ¥764 million (compared to an operating loss of ¥749 million in the same period of the previous year). Overview of Financial Position during the Period (Financial position) As of March 31, 2026, total assets decreased by ¥652 million compared to the end of the previous fiscal year and amounted to ¥556,509 million. It is mainly due to a decrease in cash and deposits resulting from payments of corporate taxes and dividends, among other factors. Total liabilities decreased by ¥9,356 million compared to the end of the previous fiscal year and amounted to ¥272,125 million. It is mainly due to a decrease in income tax payable resulting from income tax payment. Equity increased by ¥8,703 million compared to the end of the previous fiscal year and amounted to ¥284,384 million. It is mainly due to an increase in retained earnings owing to the recording of net income attributable to owners of the parent. (Cash flows) As of March 31, 2026, cash and cash equivalents decreased by ¥48,202million from the end of the previous fiscal year to ¥177,949 million. The following is a summary of the major factors affecting the cash flow. Cash flow from operating activities Net cash provided by operating activities was ¥19,612 million inflow (¥23,786 million inflow in the same period of the previous fiscal year). This was primarily due to the recording of net income gains and income tax payments. Cash flow from investing activities Net cash used in investing activities was ¥48,104 million outflow (¥9,952 million outflow in the same period of the previous fiscal year), primarily due to included payments into time deposits. Cash flow from financing activities Net cash provided by financing activities was ¥20,352 million outflow (¥24,782 million outflow in the same period of the previous fiscal year), primarily due to dividends paid to non-controlling interests. Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information The forecast for FY2026 has not been revised from its original publication on November 14, 2025. Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheets As of September 30, 2025 (Millions of yen) As of March 31, 2026 Assets Current assets Cash and deposits 229,849 211,281 Notes and accounts receivable - trade, and contract assets 88,514 100,759 Inventories 10,304 9,133 Operational investment securities 16,339 15,128 Other 45,300 48,947 Allowance for doubtful accounts (93) (693) Total current assets 390,215 384,557 Non-current assets Property, plant and equipment 32,595 38,438 Intangible assets Goodwill 13,894 13,803 Other 42,869 47,111 Total intangible assets 56,763 60,914 Investments and other assets Other 78,420 73,022 Allowance for doubtful accounts (871) (456) Total investments and other assets 77,549 72,565 Total non-current assets 166,908 171,918 Deferred assets 38 33 Total assets 557,162 556,509 Liabilities Current liabilities Accounts payable - trade 81,747 83,452 Income taxes payable 20,797 16,173 Short-term borrowings 600 1,493 Other 74,646 64,943 Total current liabilities 177,791 166,062 Non-current liabilities Convertible-bond-type bonds with share acquisition rights 40,353 40,260 Long-term borrowings 52,418 54,472 Provision for continuous services benefits 3,734 3,906 Asset retirement obligations 2,668 2,842 Other 4,514 4,580 Total non-current liabilities 103,689 106,062 Total liabilities 281,481 272,125 Equity Shareholders' equity Share capital 7,654 7,714 Capital surplus 12,372 12,477 Retained earnings 146,260 164,943 Treasury shares (1) (1) Total shareholders' equity 166,285 185,132 Accumulated other comprehensive income Valuation difference on available-for-sale securities 13,551 9,285 Foreign currency translation adjustments 155 259 Total accumulated other comprehensive income 13,707 9,545 Share acquisition rights 3,760 3,909 Non-controlling interests 91,927 85,796 Total Equity 275,681 284,384 Total liabilities and equity 557,162 556,509 Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) Share of profit of entities accounted for using equity method 19 211 For the six months ended March 31, 2025 For the six months ended March 31, 2026 Cost of sales 301,407 323,682 Selling, general and administrative expenses 90,637 102,442 Non-operating income Dividend income 217 222 Foreign exchange gains - 842 Total non-operating income 781 1,981 Interest expenses 172 239 Provision of allowance for doubtful accounts 199 - Total non-operating expenses 771 519 Extraordinary income Gain on sale of businesses - 80 Total extraordinary gain 2,219 93 Impairment losses 1,647 1,155 Other 45 201 Profit before income taxes 29,705 52,256 Income taxes-deferred 166 1,349 Profit 19,933 35,584 Extraordinary loss Interest income 209 324 Operating income 29,169 52,459 Gross profit 119,807 154,902 Net sales 421,214 478,584 Profit attributable to non-controlling interests 4,069 8,248 Total income tax 9,772 16,672 Income taxes-current 9,606 15,322 Total extraordinary loss 1,692 1,757 Loss on valuation of investment securities － 400 Other 518 9 Gain on sale of non-current assets 1,700 4 Ordinary income 29,178 53,920 Other 273 167 Loss on valuation of investment securities 125 112 Non-operating expenses Other 334 380 Profit attributable to owners of the parent 15,863 27,336 Semi-annual Consolidated Statement of Comprehensive Income For the six months ended March 31, 2025 (Millions of yen) For the six months ended March 31, 2026 Profit 19,933 35,584 Other comprehensive income Valuation difference on available-for-sale (150) (4,252) Foreign currency translation adjustment (106) 68 Share of other comprehensive income of entities (26) 26 Total other comprehensive income (283) (4,158) Comprehensive income 19,650 31,426 (Comprehensive income attributable to) Comprehensive income attributable to owners of 15,455 23,173 Comprehensive income attributable to 4,194 8,252 securities accounted for using equity method parent non-controlling interests (3) Semi-annual Consolidated Statements of Cash Flows (Millions of yen) For the six months For the six months ended March 31, 2025 ended March 31, 2026 Cash flow from operating activities Profit before income taxes 29,705 52,256 Depreciation 3,829 5,744 Impairment losses 1,647 1,155 Gain on sale of non-current assets (1,700) (4) Decrease (increase) in accounts receivable - trade, and contract assets (8,585) (12,221) Decrease (increase) in operational investment securities 338 (24) Decrease (increase) in inventories 3,417 1,245 Increase (decrease) in trade payables 8,777 1,674 Decrease (increase) in prepaid expenses (3,671) (962) Increase (decrease) in accounts payable - other (4,791) (6,844) Increase (decrease) in accrued consumption taxes (784) (2,037) Other, net 2,752 (1,984) Subtotal 30,934 37,997 Interest and dividends received 484 498 Interest paid (172) (239) Income taxes paid (7,460) (18,643) Net cash provided by (used in) operating activities 23,786 19,612 Cash flow from investing activities Purchase of property, plant and equipment, and investment property (5,346) (6,896) Proceeds from sale of property, plant and equipment, and investment property 7,690 4 Purchase of intangible assets (9,336) (8,606) Payments into time deposits (0) (35,000) Proceeds from withdrawal of time deposits - 5,000 Purchase of shares of subsidiaries resulting in change in (1) (1,033) scope of consolidation Other, net (2,957) (1,572) Net cash provided by (used in) investing activities (9,952) (48,104) Cash flow from financing activities Proceeds from long-term borrowings 3,520 3,638 Repayments of long-term borrowings (1,750) (1,614) Dividends paid (8,090) (8,603) Redemption of convertible-bond-type bonds with subscription rights to shares (20,000) - Proceeds from issuance of stock acquisition rights 1,050 - Dividends paid to non-controlling interests (395) (14,644) Other, net 884 870 Net cash provided by (used in) financing activities (24,782) (20,352) Effect of exchange rate change on cash and cash equivalents 214 642 Net increase (decrease) in cash and cash equivalents (10,734) (48,202) Cash and cash equivalents at beginning of period 211,135 226,151 Cash and cash equivalents at the end of period 200,400 177,949 (4) Notes to Consolidated Interim Financial Statements (Note Regarding Segment Information) Six months ended March 31, 2025 (October 1, 2024 to March 31, 2025) Sales and Income (Loss) by Reportable Segment (Unit: ¥ million) Reportable Segment Reconsili ations* Consolidated Interim Statements of Income Media & IP Business Internet Advertise ment Business Game Business Investment Development Business Total Net sales Revenue from contracts with customers** 105,427 225,571 89,587 628 421,214 - 421,214 Sales to external customers Inter-segment sales or transfers 105,427 7,293 225,571 9,784 89,587 125 628 0 421,214 17,204 - (17,204) 421,214 - Total 112,721 235,356 89,713 628 438,419 (17,204) 421,214 Segment income (loss) 4,729 12,065 18,707 (749) 34,752 (5,583) 29,169 * Reconciliations of -¥5,583 million represent corporate general and administrative expenses not allocable to a reportable segment. **The amount of revenue other than "Revenue from contracts with customers" is insignificant. The Company does not report it separately from "Revenue from contracts with customers". Six months ended March 31, 2026 (October 1, 2025 to March 31, 2026) Sales and Income (Loss) by Reportable Segment (Unit: ¥ million) Reportable Segment Reconcili ations* Consolidated Interim Statements of Income Media & IP Business Internet Advertise ment Business Game Business Investment Development Business Total Net sales Revenue from contracts with customers** 115,556 230,707 132,084 235 478,584 - 478,584 Sales to external customers Inter-segment sales or transfers 115,556 9,255 230,707 11,641 132,084 142 235 - 478,584 21,039 - (21,039) 478,584 - Total 124,812 242,349 132,227 235 499,623 (21,039) 478,584 Segment income (loss) 10,396 11,275 38,596 (764) 59,504 (7,045) 52,459 * Reconciliations of -¥7,045 million represent corporate general and administrative expenses not allocable to a reportable segment. **The amount of revenue other than "Revenue from contracts with customers" is insignificant. The Company does not report it separately from "Revenue from contracts with customers". (Notes Regarding Significant Changes in Shareholders' Equity) No applicable items. (Notes Regarding the Going Concern Assumption) No applicable items.

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