CyberAgent Reports First Quarter Results Ended Dec. 31, 2006; Net Sales Rise 36.3%.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 7, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - CyberAgent A remote call center agent stationed at home or at a satellite center, who connects to the "real" call center using a PC and softphone. The key characteristic of a cyberagent is that the person's statistics, performance and real time status be completely transparent to the supervisors at , Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4751), a Tokyo-based leader in Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the media markets, has reported consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: results for the first quarter ended Decembe 31, 2006. Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. rose 36.3% to 18,087 million yen, operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. rose 54.5% to 933 million yen, and ordinary income rose 29.8% to 853 million yen over the previous period. The market for Internet business continues to expand, bolstered bol·ster n. A long narrow pillow or cushion. tr.v. bol·stered, bol·ster·ing, bol·sters 1. To support or prop up with or as if with a long narrow pillow or cushion. 2. by the diffusion diffusion, in chemistry, the spontaneous migration of substances from regions where their concentration is high to regions where their concentration is low. Diffusion is important in many life processes. of the broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). environment and the introduction of flat-rate systems for mobile phones. Further growth is expected, driven by the growing influence of Internet media, an expanding EC market and the potential for new services. In this promising environment, the CyberAgent Group has worked to reinforce re·in·force v. 1. To give more force or effectiveness to something; strengthen. 2. To reward an individual, especially an experimental subject, with a reinforcer subsequent to a desired response or performance. 3. its marketing power through an advertising agency business, expand its own Group media through its Internet media business, strengthen its EC business and investment development business, and move into new businesses. As a result, during the first quarter sales rose to 18,087 million yen, up 36.3% from 13,275 million yen in the first quarter of the previous year ("the previous term"), driven by solid sales growth, particularly by netprice, ltd., sharp advances in the mobile business and commission and fee collection businesses such as the finance-related business and online game services, and the strong performance of site listing (search results) advertising and main portal site Noun 1. portal site - a site that the owner positions as an entrance to other sites on the internet; "a portal typically has search engines and free email and chat rooms etc. advertising sales in the advertising agency segment. Despite higher sales, the company made up-front up-front or up·front Informal adj. 1. Straightforward; frank. 2. Paid or due in advance: up-front cash. adv. investments such as advertising and publicity to expand blog blog, short for web log, an online, regularly updated journal or newsletter that is readily accessible to the general public by virtue of being posted on a website. media. Nevertheless, operating income rose to 933 million yen, an increase of 54.5% from 604 million yen in the previous term, due to profit contributions from the investment development and intermediation and billing businesses. Net income fell to 385 billion yen, a decrease of 84.5% from 2,490 million yen in the previous term, attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to corporate income taxes and the posting of tax expenses, including adjustments of income taxes. 1.) Consolidated Financial Results for the First Quarter Ended December December: see month. 31, 2006
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(millions of yen)
First Quarter ended Dec. 31, FY Sept. 30,
2006 % 2005 % 2006 %
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Net Sales 18,087 36.3 13,275 54.7 60,115 38.9
Operating Income 933 54.5 604 143.8 4,342 63.7
Ordinary Income 853 29.8 657 159.2 3,722 37.9
Net Income 385 (84.5) 2,490 332.1 4,300 72.9
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Net Income/Share(y) 584.43 3,796.43 6,536.49
Fully Diluted
Net Income/Share (y) 583.93 3,785.97 6,485.62
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Consolidated Financial Position
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As of Dec. 31, FY Sept. 30,
2006 2005 2005
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Total Assets 52,812 35,438 59,411
Net Assets 35,028 21,686 38,608
Shlders' Eqty Ratio (%) 54.2% 61.2% 53.8%
Shlders' Eqty/share (y) 43,367.20 33,023.49 48,492.18
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Consolidated Cash Flows
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(millions of yen)
First Quarter ended Dec. 31, FY Sept. 30,
2006 2005 2005
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Cash Flow from
Operating Activities (1,919) (930) 2,171
Cash Flow from
Investing Activities (960) 3,223 1,073
Cash Flow from
Financing Activities (763) (202) 5,452
Cash and Cash Equivalents
at Period End 16,160 13,280 20,028
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Reference: Results by Quarter
(Millions of yen)
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Fiscal Year 2007
First Second Third Fourth
Quarter Quarter Quarter Quarter
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Sales 18,087
Operating income 933
Ordinary income 853
Quarterly net income 385
Total assets 52,812
Net assets 35,028
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Fiscal Year 2006
First Second Third Fourth
Quarter Quarter Quarter Quarter
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Sales 13,275 13,857 14,580 18,402
Operating income 604 612 615 2,510
Ordinary income 657 626 427 2,010
Quarterly net income 2,490 2,292 (239) (242)
Total assets 35,438 43,439 44,776 59,411
Net assets 21,686 25,217 30,640 38,608
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2.) Results by Business Segment i. Internet Media Business - Advertising The Company has endeavored to expand its own operations, including the blog media --"Ameba Blog" and "MicroAd," a user-generated advertising distribution service, as well as its subsidiary holdings such as the mobile media business of CA MOBILE, LTD. These efforts paid off with sales of 1,604 million yen, a 6.6% increase from 1,504 million yen in the previous term. The Company posted a loss of 672 million yen, compared to a 219 million yen loss in the previous term, due to up-front investments to expand services offered by "Ameba Blog." ii. Internet Media Business - EC (Sales) In the goods-based segment of its media business, the Company has been engaged in EC business such as mobile and PC "gathering" (joint purchasing) for netprice, ltd. and "ONE*FESTA FESTA Femtosecond Technology Research Association FESTA Fixed Fire Extinguishing System Twinned Agent " for CA MOBILE, LTD. As a result of continued efforts to expand the supplier routes, sales in the Media Business EC Sales segment rose to 5,129 million yen, up 24.2% from 4,128 million yen. Operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. stood at 63 million yen, compared to a 169 million yen profit in the previous term. iii. Internet Media Business - EC (Commission/Fee Collection) For the commission and fee-based EC segment of this media business, the Company is primarily engaged in collecting fees for mobile sites, mainly for CA MOBILE, LTD., online games such as Trickster trickster, a mythic figure common among Native North Americans, South Americans, and Africans. Usually male but occasionally female or disguised in female form, he is notorious for exaggerated biological drives and well-endowed physique; partly divine, partly human, by GCREST Co. and the brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. business for foreign exchange on guarantee trading through CyberAgent FX Sales for the Media Business EC Commission and Fee Collection segment rose to 1,375 million yen, up 29.1% from 1,065 million yen in the previous term, due to a steady increase in the number of memberships accompanying ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. market expansion. The Company recorded operating income of 161 million yen, a decrease of 40.9% from a 273 million yen profit in the previous term. iv. Internet Media Business - Other The Internet media business (Other) includes research services, contents provision and publishing services. Sales for this segment increased 43.5% to 632 million yen from 440 million yen in the previous term. The Company recorded 19 million yen in operating income, representing a 259.5% increase from 5 million yen in the previous term. v. Internet Advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. Agency Business - Company/Tie-Up Media In addition to robust sales of the Company brand media, the tie-up tie-up n. A temporary immobilization, as of traffic, work, or mechanical operation. Noun 1. tie-up - a social or business relationship; "a valuable financial affiliation"; "he was sorry he had to sever his ties with other media business also expanded. As a result, sales rose 5.5% to 1,469 million yen from 1,392 million yen. The Company recorded operating income of 188 million yen, a 7.5% gain from 175 million yen in the previous term. In addition to robust sales of the Company brand media, the tie-up media business also expanded. As a result, sales rose 5.5% to 1,469 million yen from 1,392 million yen. The Company recorded operating income of 188 million yen, a 7.5% gain from 175 million yen in the previous term. vi. Internet Advertising Agency Business - Other-Company Media The Company experienced an increase in the site listing advertising (search results) it handles, reflecting heightened customer needs, while sales of existing media handled remained firm, particularly for its main portal site. As a result, sales for the Internet Advertising Agency business - Other Company Media business rose 39.0% to 5,859 million yen, from 4,216 million yen in the previous term. The Company recorded an operating loss of 128 million yen as compared with a loss of 64 million yen in the previous term. vii. Internet Advertising Agency Business - Other The Company's advertising agency business - Other includes businesses such as banner Same as banner ad. 1. banner - The title page added to printouts by most print spoolers. Typically includes user or account ID information in very large character-graphics capitals. advertisements, made-to-order made-to-or·der adj. 1. Made in accordance with particular instructions or requirements; custom-made. 2. Very suitable: a made-to-order job. Adj. 1. homepage See home page. creation and SEM (search engine marketing). Sales for this segment of the advertising agency business rose 70.7% year-on-year to 362 million yen, as compared with 212 million yen in the previous term. The Company recorded an operating loss of 1 million yen, as compared with a 36 million yen profit in the same period last year. viii. Investment Development Business The Company's investment development business consists primarily of identifying and fostering investments, investments to generate capital gains and fund management. Sales for the investment development business were 1,654 million yen, up 426.5% from 314 million yen in the previous term. The company recorded 1,426 million yen in operating income, a 471.9% increase from 249 million yen in the previous term. 3.) Financial Position and Consolidated Cash Flows Consolidated assets at the end of the first quarter decreased 6,599 million yen from the end of the previous fiscal year to 52,812 million yen, due to a decrease in the assessed value of listed shares held as operating investment securities and a decrease in cash and deposits caused by payment of corporate income taxes. Consolidated liabilities decreased 3,019 million yen to 17,783 million yen, due to a decline in deferred tax liabilities resulting from the decrease in the assessed value of listed shares held as operating investment securities. Net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. decreased 3,579 million yen from the end of the previous fiscal year to 35,028 million yen as a result of a fall in the assed value of other investment securities. As a result, the equity ratio rose 0.4 points from the end of the previous fiscal year to 54.2% at the end of the first quarter. Cash and cash equivalents ("cash") at the end of the period totaled 16,160 million yen, a decrease of 3,867 million yen from 20,028 million yen at the end of the previous consolidated financial year. An overview of cash flow and the factors causing their fluctuations is provided below. i.) Cash flow used in operating activities for this consolidated first quarter was 1,919 million yen, as compared with a 930 million yen outflow in the previous term. This was primarily due to the payment of corporate income taxes. ii.) Cash flow used in investing activities during the consolidated first quarter totaled 960 million yen, as compared with a 3,223 million yen outflow during the same period last year, primarily due to the acquisition of tangible Possessing a physical form that can be touched or felt. Tangible refers to that which can be seen, weighed, measured, or apprehended by the senses. A tangible object is something that is real and substantial. An automobile is an example of tangible Personal Property. fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . iii.) Cash flow used in financing activities during the consolidated first quarter was 763 million yen, as compared with a 202 million yen outflow during the same period last year, primarily due to the payment of dividends. 4.) Consolidated Operating Projections for the Fiscal Year 2007 In the fiscal year ending September September: see month. 30, 2007, the Company expects the expansion of the Internet business market to promote steady growth in Internet advertising sales, primarily for the Parent's Internet advertising business and EC-related sales, primarily from netprice, ltd. and CA MOBILE, LTD. Accordingly, the Company's forecast of consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 75,000 million yen for the year ending September 30, 2007, an increase of 24.8% over the previous period, remains unchanged from the forecast announced on November November: see month. 7, 2006. Also unchanged from this forecast, the Company continues to predict operating income of 5000 million yen, ordinary income of 5000 million yen and net income of 2,500 million yen.
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(millions of yen)
Consolidated Projections Fiscal Year ending Sept. 30, 2007
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Net Sales 75,000
Ordinary Income 5,000
Operating Income 5,000
Net Income 2,500
Net Income/Share (y) 3,788.29
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There has also been no change to the forecasts for parent operating results, announced November 7, 2006. The Company expects sales of 39,000 million yen, an increase of 25.8% over the previous term. There has been no change for ordinary or net income since the forecasts announced on November 7, 2006. The Company expects 1,000 million yen in ordinary income and 500 million yen in net income for the period. * Projected full term net income per share of 3,788.29 yen is calculated based on the number of issued shares as of the end of December 2006. * Business results forecasts represent the judgment of the Company, based on information obtainable at the time of writing; they involve contributing factors such as risk and elements of uncertainty; hence actual results may differ from the forecast results. About CyberAgent, Inc. CyberAgent, Inc. (TSE: 4751) is a leading on-line advertising agency and media representative company. Established in 1998, and listed on the Tokyo Mothers Exchange in 2000, the CyberAgent group is committed to contributing to a new society through its work on the Internet, not only in its fields of advertising and media, but through finding promising new business and investing aggressively in developing new business. For more information, please visit http://ir.cyberagent.co.jp/ir_e/ Source: CyberAgent, Inc. Contact: CyberAgent PR/IR Group Akiko Kashiwa Tel: +81-3-5459-0227 E-mail: kashiwa_akiko@cyberagent.co.jp Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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