FY2026 First Half Consolidated Financial Results

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)

1. Consolidated Financial Results (October 1, 2025 to March 31, 2026)

   1. 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

   2. 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

2. 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

3. Consolidated Forecasts (October 1, 2025 to September 30, 2026)

(% = Year on Year Change.)

Note: Revisions to most recent forecast: None

1. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common stock)

   1. 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

   2. 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

   3. 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

      1. Results of Operations 2

         1. Overview of Results of Operations during the Period 2

         2. Overview of Financial Position during the Period 2

         3. Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information 2

      2. Semi-annual Consolidated Financial Statements and Primary Notes 3

1. Semi-annual Consolidated Balance Sheets 3

2. 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

3. Semi-annual Consolidated Statements of Cash Flows 6

4. 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

1. Results of Operations

   1. 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.

      1. 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.

      2. 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.

      3. 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.

      4. 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).

   2. 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.

      1. 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.

      2. 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.

      3. 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.

   3. 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.

2. Semi-annual Consolidated Financial Statements and Primary Notes

1. 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

1. 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

securities

accounted for using equity method

parent

non-controlling interests

(4) Notes to Consolidated Interim Financial Statements (Note Regarding Segment Information)

1. 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".

2. Six months ended March 31, 2026 (October 1, 2025 to March 31, 2026)

Sales and Income (Loss) by Reportable Segment

(Unit: ¥ million)

* 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.