FY2026 Third Quarter Consolidated Financial Results

August 7, 2026

FY2026 Third Quarter 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 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 June 30, 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
      Nine months ended	¥ million	%	¥ million	%	¥ million	%	¥ million	%
      June 30, 2026	709,272	12.2	67,449	38.2	69,182	42.3	36,035	49.5
      June 30, 2025	631,993	5.8	48,798	40.1	48,631	35.6	24,103	63.7

      Note: Nine months ended June 30, 2026 Comprehensive income: ¥42,422 million (37.8%) Nine months ended June 30, 2025 Comprehensive income: ¥30,775 million (55.2%)

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	¥	¥
      June 30, 2026	71.07	67.10
      June 30, 2025	47.59	44.88

   2. Consolidated financial position

   	Total assets	Equity	Shareholders' equity	Shareholders' equity ratio
   As of	¥ million	¥ million	¥ million	%
   June 30, 2026	551,172	297,897	204,990	37.2
   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)				20.00	20.00

   Note: Revisions to most recent dividend forecast: Yes

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

(% = Year on Year Change.)

Note: Revisions to most recent forecast: Yes

1. Adoption of accounting treatment specific to the preparation of quarterly 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 June 30, 2026	507,105,370 shares
      As of September 30, 2025	506,779,600 shares

   2. Number of treasury shares at the end of the period

      As of June 30, 2026	1,108 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)

      Nine months ended June 30, 2026	506,991,569 shares
      Nine months ended June 30, 2025	506,446,861 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

      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 Primary Notes 3

1. Quarterly Consolidated Balance Sheets 3

2. Quarterly Consolidated Statements of Income and Comprehensive Income 4

3. Notes to Consolidated Interim Financial Statements 6

(Notes Regarding Segment Information) 6

(Notes Regarding Significant Changes in Shareholders' Equity) 7

(Notes Regarding the Going Concern Assumption) 7

(Notes Regarding 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 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 nine months ended June 30, 2026, the group's three core businesses-the Media & IP Business, Internet Advertisement Business, and Game Business-recorded higher revenue. As a result, net sales totaled ¥709,272 million (an increase of 12.2% year on year), operating income amounted to ¥67,449 million (an increase of 38.2% year on year), ordinary income amounted to ¥69,182 million (an increase of 42.3% year on year), and profit attributable to owners of the parent amounted to ¥36,035 million (an increase of 49.5% year on year).

      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 ¥183,931 million (an increase of 8.9% year on year). Operating income increased significantly to ¥13,178 million (an increase of 88.0% 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 nine months ended June 30, 2026, net sales totaled ¥363,687 million (an increase of 4.9% year on year), while operating income amounted to ¥15,425 million (a decrease of 1.7% year on year). However, net sales have continued to maintain a high year-on-year growth rate since the previous quarter.

      3. Game Business

         The Game Business includes Cygames, Inc., Applibot, Inc., QualiArts, Inc., Colorful Palette Inc., and Sumzap, Inc., and others.

         For the nine months ended June 30, 2026, net sales totaled ¥193,391 million (an increase of 37.8% year on year), driven mainly by the strong performance of flagship titles and the global success of casual games. Operating income amounted to ¥50,923 million (an increase of 44.8% year on year), resulting in significant increases in both sales and profit.

      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 ¥243 million (a decrease of 83.0% year on year), and operating loss amounted to ¥1,648 million (compared to an operating loss of ¥860 million in the same period of the previous year).

   2. Overview of Financial Position during the Period

      (Financial position)

      As of June 30, 2026, total assets decreased by ¥5,989 million compared to the end of the previous fiscal year and amounted to ¥551,172 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 ¥28,206 million compared to the end of the previous fiscal year and amounted to

      ¥253,275 million. It is mainly due to a decrease in income tax payable resulting from income tax payment. Equity increased by ¥22,216 million compared to the end of the previous fiscal year and amounted to ¥297,897 million. It is mainly due to an increase in retained earnings owing to the recording of net income attributable to owners of the parent.

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

   The forecast for FY2026 has been revised from its original publication on November 14, 2025. For details, please refer to the "Notice on Revisions to Earnings and Dividend Forecast" released today (August 7, 2026).

2. Quarterly Consolidated Financial Statements and Primary Notes

1. Quarterly Consolidated Balance Sheets

   As of September 30, 2025

   (Millions of yen)

   As of June 30, 2026

   Assets

   Current assets

   Cash and deposits 229,849 212,081

1. Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income

   (Millions of yen)

   Share of profit of entities accounted for using equity method

   -

   72

   Share of loss of entities accounted for using equity method

   146

   -

   For the nine months ended June 30, 2025

   For the nine months ended June 30, 2026

   Cost of sales

   448,687

   489,186

   Selling, general and administrative expenses

   134,507

   152,636

   Non-operating income

   Dividend income

   471

   477

   Foreign exchange gains

   -

   965

   Total non-operating income

   1,181

   2,506

   Interest expenses

   312

   370

   Other

   889

   402

   Ordinary income

   48,631

   69,182

   Gain on sale of non-current assets

   1,703

   4

   Other

   532

   9

   Extraordinary losses

   Other

   243

   1,094

   Profit before income taxes

   46,756

   66,863

   Income taxes-deferred

   1,172

   1,920

   Profit

   30,015

   46,007

   Impairment losses 3,892 1,318

   Total extraordinary income 2,260 93

   Non-operating expenses

   Other 422 479

   Interest income 287 512

   Operating income 48,798 67,449

   Gross profit 183,306 220,086

   Net sales 631,993 709,272

   Profit attributable to non-controlling interests 5,912 9,972

   Total income taxes 16,741 20,855

   Income taxes-current 15,569 18,935

   Total extraordinary losses 4,135 2,412

   Gain on sale of businesses 24 80

   Extraordinary income

   Total non-operating expenses 1,348 773

   Profit attributable to owners of the parent 24,103 36,035

   Quarterly Consolidated Statements of Comprehensive Income

   For the nine months ended June 30, 2025

   (Millions of yen)

   For the nine months ended June 30, 2026

   Profit 30,015	46,007
   Other comprehensive income
   Valuation difference on available-for-sale 846	(3,700)
   Foreign currency translation adjustment (121)	90
   Share of other comprehensive income of entities 34	24
   Total other comprehensive income 759	(3,585)
   Comprehensive income 30,775	42,422
   (Comprehensive income attributable to)
   Comprehensive income attributable to owners of 24,848	32,416
   Comprehensive income attributable to 5,926	10,006

   securities

   accounted for using equity method

   parent

   non-controlling interests

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

1. Nine months ended June 30, 2025 (October 1, 2024 to June 30, 2025)

   1. 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**	158,807	331,672	140,078	1,435	631,993	-	631,993
      Sales to external customers Inter-segment sales or transfers	158,807 10,106	331,672 15,075	140,078 285	1,435 0	631,993 25,467	- (25,467)	631,993 -
      Total	168,913	346,748	140,364	1,435	657,461	(25,467)	631,993
      Segment income (loss)	7,008	15,697	35,162	(860)	57,007	(8,209)	48,798

      * Reconciliations of -¥8,209 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 Media & IP business, Internet Advertisement business, and Game business segments, the Company posted an extraordinary loss as an impairment loss due to the lack of expected revenues and cost reduction resulting from the decline in profitability and discontinuation of some services.

      The amount of impairment loss for the nine months ended June 30, 2025 is as follows.

      (Unit: ¥ million)

      Media & IP	4
      Internet Advertisement	373
      Game	3,514
      Total	3,892

2. Nine months ended June 30, 2026 (October 1, 2025 to June 30, 2026)

   1. 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**	171,098	344,892	193,038	243	709,272	-	709,272
      Sales to external customers Inter-segment sales or transfers	171,098 12,832	344,892 18,795	193,038 352	243 -	709,272 31,980	- (31,980)	709,272 -
      Total	183,931	363,687	193,391	243	741,253	(31,980)	709,272
      Segment income (loss)	13,178	15,425	50,923	(1,648)	77,878	(10,428)	67,449

      * Reconciliations of -¥10,428 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 Media & IP business, Internet Advertisement business, and Game business segments, as well as corporate assets not attributable to any reportable segment, the Company posted an extraordinary loss as an impairment loss due to the lack of expected revenues and cost reduction resulting from the decline in profitability and discontinuation of some services.

The amount of impairment loss for the nine months ended June 30, 2026 is as follows.

(Unit: ¥ million)

(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 statements of cash flows for the nine months ended June 30, 2026 have not been prepared. Depreciation (including amortization of intangible assets excluding goodwill) and amortization of goodwill during the cumulative consolidated for the nine months ended June 30, 2026 is as follows.

(Unit: ¥ million)

For the nine months ended June 30, 2025

For the nine months ended June 30, 2026

Depreciation 6,209 8,580

Amortization of goodwill 641 637