FY2026 First Quarter Consolidated Financial Results

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)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending September 2026

   1. 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

   2. 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

2. 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

3. Forecast of the Consolidated Results for the Fiscal Year Ending September 2026 (October 1, 2025 - September 30, 2026)

(% = Year-on-Year Change.)

(Note) Revisions to most recent forecast: None.

*Notes

1. 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: －)

2. Application of simplified accounting methods and/or special accounting methods: None

3. Changes in accounting policies, changes in accounting estimates, restatements

   1. Changes associated with revisions of accounting standards: None

   2. Changes other than those included in i) : None

   3. Changes in accounting estimates: None

   4. Restatements: None

4. Number of shares issued

*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

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. Quarterly Consolidated Financial Statements and Key Notes 3

   1. Quarterly Consolidated Balance Sheets 3

   2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of

      Comprehensive Income 4

   3. 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

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, 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.

      1. 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.

      2. 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.

      3. 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.

      4. 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.

   2. 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.

   3. 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.

2. Quarterly Consolidated Financial Statements and Key Notes

1. 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

1. 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

2. Notes to Quarterly Consolidated Financial Statements (Note Regarding Segment Information)

1. Cumulative First Quarter of the Fiscal Year Ended September 2025 (October 1, 2024 to December 31, 2024)

   1. 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".

   2. 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

2. Cumulative First Quarter of the Fiscal Year Ending September 2026 (October 1, 2025 to December 31, 2025)

   1. 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".

   2. 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)