CyberAgent : FY2026 First Quarter Consolidated Financial Results

About this update from Cyberagent Incorporated

FY2026 First Quarter Consolidated Financial Results [Japanese GAAP] February 6, 2026 Listed company name: CyberAgent, Inc. Listed stock exchange: TSE Prime Market Code No.: 4751 URL https://www.cyberagent.co.jp/en/ Representative: Representative Director, President Takahiro Yamauchi Inquiries: Senior Managing Executive Officer Go Nakayama Tel +81-3-5459-0202 Dividend payment start date － Preparation of Supplementary Materials for Financial Results: Yes Holding the briefing of financial results: Yes (streaming only) (Amounts less than ¥1 million rounded down) Consolidated Financial Results for the First Quarter of the Fiscal Year Ending September 2026 Consolidated results of operations (cumulative) (% = Year-on-Year Change.) Net sales Operating income Ordinary income Net income attributable to owners of parent ¥ million % ¥ million % ¥ million % ¥ million % 1Q FY2026 232,377 14.0 23,395 181.8 24,212 174.9 12,462 145.7 1Q FY2025 203,842 5.8 8,301 41.6 8,806 45.4 5,071 - (Note) Comprehensive income 1Q FY2026 ¥ 14,786million (126.4%) 1Q FY2025 ¥ 6,532million (－%) Basic earnings per share Diluted earnings per share ¥ ¥ 1Q FY2026 24.58 23.20 1Q FY2025 10.01 9.21 Consolidated financial position Total assets Equity Shareholders' equity Shareholders' equity ratio ¥ million ¥ million ¥ million % As of 1Q FY2026 524,692 267,484 182,653 34.8 As of FY2025 557,162 275,681 179,992 32.3 Dividends Annual dividends 1Q 2Q 3Q Year end Total FY2025 FY2026 ¥ - - ¥ 0.00 ¥ - ¥ 17.00 ¥ 17.00 FY2026 (Forecast) 0.00 - 19.00 19.00 (Note) Revisions to most recent dividend forecast: None Forecast of the Consolidated Results for the Fiscal Year Ending September 2026 (October 1, 2025 - 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 Significant changes in the scope of consolidation during the period: None (Changes in specified subsidiaries due to changes in the scope of consolidation) New : －(Company name: －) Excluded : －(Company name: －) Application of simplified accounting methods and/or special accounting methods: None Changes in accounting policies, changes in accounting estimates, restatements Changes associated with revisions of accounting standards: None Changes other than those included in i) : None Changes in accounting estimates: None Restatements: None Number of shares issued (1) Number of shares issued and outstanding at the end of period (including treasury stock) 1Q FY2026: 507,057,392 shares FY2025: 506,779,600 shares (2) Number of shares of treasury stock issued and outstanding at the end of period 1Q FY2026: 1,107 shares FY2025: 1,107 shares (3) Average number of shares during the period (cumulative quarterly period) 1Q FY2026: 506,810,030 shares 1Q FY2025: 506,371,098 shares *Audit of quarterly consolidated financial statements attached: None *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 Quarterly Consolidated Financial Statements and Key Notes 3 Quarterly Consolidated Balance Sheets 3 Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income 4 Notes to Quarterly Consolidated Financial Statements 6 (Notes Regarding Segment Information) 6 (Notes Regarding Significant Changes in Shareholders' Equity) 7 (Notes Regarding the Going Concern Assumption) 7 (Notes to Statements of Cash Flows) 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, which was launched in 2016. Recently, the IP business with 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". As a result, during the cumulative consolidated first quarter, Media & IP Business and Game Business recorded significant increases in revenue and profit, and achieved a record high for the first quarter. Net sales grew 14.0% year on year to ¥232,377 million, and operating income amounted to ¥23,395 million (181.8% increase). Ordinary income amounted to ¥24,212 million (174.9% increase). Additionally, AbemaTV Inc., a consolidated subsidiary not subject to the group tax sharing system, reported its first quarterly operating income since its establishment in fiscal year 2015. Net income attributable to owners of parent amounted to ¥12,462 million (145.7% increase). Earnings by business segments are discussed below. Media & IP Business The Media & IP Business includes "ABEMA, " "WINTICKET" and the Anime & IP Division, etc. Net sales made up of multiple layers were strong and amounted to ¥62,617 million for the period, a 12.5% year-on-year increase. While making proactive content investments, operating income increased significantly by 246.1% to ¥4,900 million, driven by the consolidated subsidiary AbemaTV Inc., which turned profitable on a quarterly basis. Internet Advertisement Business The Group's Internet Advertisement Business includes the Internet Advertisement Division, and the AI Division, etc. Due to the loss of a major client during the previous third quarter, Internet Advertisement Business recorded ¥114,642 million in net sales, 2.7% year on year decrease. Operating income was ¥4,379 million, a 27.2% year-on-year decrease. Game Business The Game Business includes Cygames, Inc., Applibot, Inc., QualiArts, Inc and Colorful Palette Inc., etc. Due to the strong performance of existing titles and overseas expansion, net sales amount into ¥64,722 million, a 69.2% year-on-year increase. Owing to its high profitability, operating income was ¥17,675 million, a 427.2% year-on-year increase. Investment Development Business The Investment Development Business consists of the CyberAgent corporate venture capital business and the fund operations of CyberAgent Capital, Inc. The Investment Development Business recorded net sales of ¥209 million (55.1% year-on-year decrease) and operating loss of ¥552 million, compared to operating income of ¥85 million for the same period in the prior fiscal year. Explanation of Consolidated Financial Position Total assets at the end of this consolidated first quarter have decreased by ¥32,470 million compared to the end of the previous fiscal year and amounted to ¥524,692 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 have decreased by ¥24,273 million compared to the end of previous fiscal year and amounted to ¥257,207 million. It is mainly due to a decrease in income tax payable resulting from income tax payment. Equity has decreased by ¥8,197 million compared to the end of the previous fiscal year and amounted to ¥267,484 million. It is mainly due to a decrease in non-controlling interests owing to the dividend payment of consolidated subsidiaries. Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information Forecast of FY2026 has not been revised from its original publication on November 14, 2025. Quarterly Consolidated Financial Statements and Key Notes Quarterly Consolidated Balance Sheets FY2025 (As of September 30, 2025) (Unit: ¥ million) 1Q FY2026 (As of December 31, 2025) Assets Cash and deposits 229,849 189,158 Current assets Trade notes and accounts receivable and contract assets 88,514 93,322 Inventories 10,304 8,913 Sales investment securities 16,339 15,218 Other 45,300 50,621 Allowance for doubtful accounts (93) (694) Total current assets 390,215 356,539 Non-current assets Property, plant and equipment 32,595 34,733 Intangible assets Goodwill 13,894 13,853 Other 42,869 45,163 Total intangible assets 56,763 59,017 Investments and other assets Other 78,420 74,759 Allowance for doubtful accounts (871) (392) Total investments and other assets 77,549 74,366 Total non-current assets 166,908 168,117 Deferred assets 38 35 Total assets 557,162 524,692 Liabilities Current liabilities Trade accounts payable 81,747 77,101 Income tax payable 20,797 5,080 Short-term bank loans 600 781 Other 74,646 69,758 Total current liabilities 177,791 152,722 Non-current liabilities Convertible bonds 40,353 40,332 Long-term bank loans 52,418 52,966 Provision for long service rewards for employees 3,734 3,752 Asset retirement obligations 2,668 2,670 Other 4,514 4,763 Total non-current liabilities 103,689 104,485 Total liabilities 281,481 257,207 Net assets Shareholders' equity Common stock 7,654 7,682 Capital surplus 12,372 12,401 Retained earnings 146,260 150,069 Treasury stock (1) (1) Total shareholders' equity 166,285 170,151 Accumulated other comprehensive income Unrealized gain on available-for-sale securities 13,551 12,278 Foreign currency translation adjustments 155 223 Total other comprehensive income 13,707 12,502 Stock acquisition rights 3,760 3,815 Non-controlling interests 91,927 81,014 Total Equity 275,681 267,484 Total liabilities and equity 557,162 524,692 Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income Quarterly Consolidated Statements of Income (Cumulative consolidated first quarter) 1Q FY2025 (October 1, 2024 - December 31, 2024) (Unit: ¥ million) 1Q FY2026 (October 1, 2025 - December 31, 2025) Net sales 203,842 232,377 Cost of sales 149,862 157,404 Gross profit 53,979 74,973 Selling, general and administrative expenses 45,678 51,578 Operating income 8,301 23,395 Interest income 103 137 Non-operating income Equity in gains of associated companies accounted for by the equity method - 96 Dividends income 182 166 Other 205 184 Foreign exchange gains 301 466 Non-operating expenses Total non-operating income 793 1,051 Equity in losses of associated companies 35 － Interest expenses 82 123 Total non-operating expenses 287 234 Other 168 111 Extraordinary income Ordinary income 8,806 24,212 Other 10 － Gain on sales of non-current assets 1,700 0 Extraordinary loss Total extraordinary gain 1,711 0 Loss on valuation of investment securities － 100 Impairment loss 1,273 79 Total extraordinary loss 1,312 229 Other 38 50 Income taxes-current 2,621 4,973 Income before income taxes 9,206 23,982 Total income tax 3,210 8,000 Income taxes-deferred 588 3,026 Net income attributable to non-controlling interests 923 3,519 Net income 5,995 15,982 Net income attributable to owners of the parent 5,071 12,462 Quarterly Consolidated Statements of Comprehensive Income (Cumulative consolidated first quarter) (Unit: ¥ million) 1Q FY2025 (October 1, 2024 - December 31, 2024) 1Q FY2026 (October 1, 2025 - December 31, 2025) Net income 5,995 15,982 Other comprehensive income Unrealized gain on available-for-sale 467 (1,260) securities Foreign currency translation adjustment 89 58 Share of other comprehensive income(loss) of associated companies (20) 7 Total other comprehensive income(loss) 536 (1,195) Comprehensive income(loss) 6,532 14,786 (Comprehensive income attributable to) Owners of the parent 5,475 11,257 Non-controlling interests 1,056 3,529 Notes to Quarterly Consolidated Financial Statements (Note Regarding Segment Information) Cumulative First Quarter of the Fiscal Year Ended September 2025 (October 1, 2024 to December 31, 2024) Sales and Income (Loss) by Reportable Segment (Unit: ¥ million) Reportable Segment Reconsili ations* Quarterly Consolidated Statements of Income Media & IP Business Internet Advertise ment Business Game Business Investment Develop ment Business Total Net sales Revenue from contracts with customers** 52,165 113,035 38,176 465 203,842 - 203,842 Sales to external customers Inter-segment sales or transfers 52,165 3,473 113,035 4,756 38,176 71 465 0 203,842 8,300 - (8,300) 203,842 - Total 55,638 117,792 38,247 465 212,143 (8,300) 203,842 Segment income (loss) 1,416 6,012 3,352 85 10,867 (2,566) 8,301 *Reconciliations of ¥ -2,566 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". Matters related to impairment loss of non-current assets, goodwill and other information in Reportable Segment (Significant impairment loss of non-current assets) In the Game segment, the Company posted an extraordinary loss from impairment losses due to the lack of expected revenues and cost reductions resulting from the decline in profitability of some services. The amount of the impairment loss for the first quarter of the consolidated cumulative period is stated below. (Unit: ¥ million) Game 1,273 Total 1,273 (Significant change in the amount of goodwill) No applicable items (Significant gain from negative goodwill) No applicable items Cumulative First Quarter of the Fiscal Year Ending September 2026 (October 1, 2025 to December 31, 2025) Sales and Income (Loss) by Reportable Segment (Unit: ¥ million) Reportable Segment Reconcili ations* Quarterly Consolidated Statements of Income Media & IP Business Internet Advertise ment Business Game Business Investment Develop ment Business Total Net sales Revenue from contracts with customers** 58,755 108,816 64,595 209 232,377 - 232,377 Sales to external customers Inter-segment sales or transfers 58,755 3,862 108,816 5,825 64,595 126 209 - 232,377 9,813 - (9,813) 232,377 - Total 62,617 114,642 64,722 209 242,191 (9,813) 232,377 Segment income (loss) 4,900 4,379 17,675 (552) 26,403 (3,008) 23,395 *Reconciliations of ¥ -3,008 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". Matters related to impairment loss of non-current assets, goodwill and other information in Reportable Segment (Significant impairment loss of non-current assets) No applicable items (Significant change in the amount of goodwill) No applicable items (Significant gain from negative goodwill) No applicable items (Notes Regarding Significant Changes in Shareholders' Equity) No applicable items. (Notes Regarding the Going Concern Assumption) No applicable items. (Notes Regarding Statements of Cash Flows) The consolidated statement of cash flow for the cumulative consolidated first quarter has not been prepared. Depreciation (including amortization of intangible assets, except for goodwill) and amortization of goodwill during the cumulative consolidated first quarter are stated below. (Unit: ¥ million) 1Q FY2025 (October 1, 2024 - December 31, 2024) 1Q FY2026 (October 1, 2025 - December 31, 2025) Depreciation 1,935 2,842 Amortization of goodwill 213 209

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