CyberAgent Reports Results for the First Quarter Ended Dec. 31, 2005.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 9, 2006 - (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 announced 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 December December: see month. 31, 2005. Results were strong across the spectrum, with quarter 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. rising 54.7% year-on-year, operating incomes 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. rising 143.8%, and net income rising 332.1%. In a recovering economy, the Internet business market has been expanding strongly on the back of 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 introduction of the fixed tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic system for cell phones. Going forward as well, expectations are for further growth driven by the increasing influence of Internet media, an expanding EC market and new service possibilities. The Cyber Agent group has worked to expand its own Internet media-based group media, reinforce the EC business and move into new businesses. As a result, first quarter consolidated sales rose to 13,275,055 thousand yen, up 54.7% from 8,582,064 thousand yen a year ago, driven by good growth in the netprice ltd. centered marketing business, sharp advances in the mobile business, finance-related business and intermediation and billing business, paid search (search results) ads in the advertising agency segment, and strong trends in the important 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. Operating income rose to 604,314 thousand yen, an increase of 143.8% from 247,825 thousand yen in the previous term, due to higher sales and profit contributions from the EC, mobile and investment development businesses, and despite advertising and publicity expenses to expand the Company's own media members and advance investment for system development. Net income rose to 2,490,492 thousand yen, up 332.1% from 576,378 thousand yen in the previous term, on posting of extraordinary gains from the sale of investment securities. 1.) Consolidated Financial Results for the First Quarter Ended December 31, 2005
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(millions of yen)
First Quarter ended Dec. 31, FY Sept. 30,
2005 % 2004 % 2005 %
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Net Sales 13,275 54.7 8,582 58.4 43,273 61.9
Operating Income 604 143.8 247 (31.7) 2,651 53.6
Ordinary Income 657 159.2 253 (31.3) 2,700 54.0
Net Income 2,490 332.1 576 (50.3) 2,487 (38.0)
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Net Income/Share(y) 3,796.43 1,776.13 7,576.48
Fully Diluted
Net Income/Share (y) 3,785.97 1,766.95 7,465.30
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Consolidated Financial Position
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As of December 31, FY Sept. 30,
2005 2004 2005
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Total Assets 35,438 27,066 31,830
Shareholders' Equity 21,686 18,573 19,781
Shlders' Eqty Ratio (%) 61.2% 68.6 62.1
Shlders' Eqty/share (y) 33,023.49 57,117.53 60,312.43
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Consolidated Cash Flows
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(millions of yen)
First Quarter ended Dec. 31, FY Sept. 30,
2005 2004 2005
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Cash Flow from
Operating Activities (930) (52) 1,612
Cash Flow from
Investing Activities 3,223 (53) (2,689)
Cash Flow from
Financing Activities (202) (96) 19
Cash and Cash Equivalents
at Period End 13,280 12,226 11,186
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Results by Business Activity I.) Internet Media Business - Advertising In addition to the Company's own media "Life Mile", "All Navi", "Ameba Blog" and others, marketing expansion continued for such subsidiaries' media as the EC Navi Company-operated price comparison site "EC Navi" and C.A. Mobile, operated mobile media, as well as confirmation of new marketing methods. Further, as a result of aggressive handling-agency expansion, media segment (advertising) sales rose by 37.8% year-on-year to 1,504,695 thousand yen. An 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. of 219,353 thousand yen as compared to a 19,430 thousand yen profit in the previous term was posted due to Ameba service expansion and advance investment for system development. II.) Internet Media Business - EC (Sales) Media business (EC goods marketing) sales rose by 57.5% to 4,128,957 thousand yen, as the number of members steadily increased and stocking-in routes were augmented. netprice ltd. took part in mobile and PC "gathering" (joint purchasing), while C.A. Mobile's "Pake o de Shopping" participated in the EC business. Operating income of 169,305 thousand yen was posted as compared with an operating loss of 36,296 thousand yen in the previous term. III.) Internet Media Business - EC (Commission/Fee Collection) In the media business (EC intermediation, billing), there were mobile site fee collection centering on CA Mobile, on-line game fee collection at GCREST Co. and CA Capital Ltd.'s foreign exchange guarantee intermediation. Market growth and good increases in member numbers resulted in a sales increase of 96.4% to 1,065,521 thousand yen and a 79.7% increase in operating income to 273,935 thousand yen. IV.) Internet Media Business - Other Other media business includes research, publishing and others. Sales were 440,579 thousand yen, less 0.3%, however operating income rose 42.7% of 5,401 thousand yen. 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 Advertising agency business (in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. , media provision) benefited from strong proprietary media sales and media provision growth, segment sales were 1,392,305 thousand yen, up by 18.0% from 1,179,595 thousand yen, with operating income of 175,704 thousand yen, up by 15.2% from 152,527 thousand yen. VI.) Internet Advertising Agency Business - Other-Company Media Led by the mainstay portal sites, sales trended well for the media usually handled. In addition, the Company took aggressive measures to expand paid search (search results) advertising is response to customer needs. As a result, advertising agency sales were 4,216,564 thousand yen, up 65.2% from 2,552,106 thousand yen in the previous term. There was an operating loss of 64,328 thousand yen as compared with profit of 45,530 thousand yen in the previous term. VII.) Internet Advertising Agency Business - Other The advertising agency (others) segment includes banner ads A graphic image used on Web sites to advertise a product or service. Banner ads come in numerous sizes, but are often rectangles 460 pixels wide by 60 pixels high. Also 460 x 55 and 392 x 72 sizes are commonly used. , order-based homepage See home page. creation, SEO (Search Engine Optimization, Search Engine Optimizer) See search engine optimization. (search engine optimization Designing a Web site so that search engines easily find the pages and index them. The goal is to have your page be in the top 10 results of a search. Optimization includes the choice of words used in the text paragraphs and the placement of those words on the page, both visible and hidden ) and others. Sales were 212,270 thousand yen, an increase of 39.2% on the previous term, with operating income of 36,514 thousand yen as compared with a loss of 50,719 thousand yen in the previous term. VIII.) Investment Development Business In the investment development segment, investment and fund management were undertaken with a view to capital gains. Segment sales were 314,160 thousand yen with operating income of 249,521 thousand yen (new business). Consolidated Cash Flows At the end of the first quarter, consolidated assets were up by 3,607,769 thousand yen over the previous period, driven by increases in cash and deposits resulting from the sale of investment securities, increases in sales loans due to sales expansion, and gains in business growth-driven tangible fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → and software. Consolidated liabilities rose by 1,350,568 thousand yen, due to increases in accounts payable from the gain in sales, and in accounts due in conjunction with business expansion. Capital increased by 1,904,870 thousand yen over the previous period as a result of operating incomes and posting of extraordinary gains on the sale of investment securities. In consequence of the foregoing, the end-of-quarter shareholders equity ratio declined by 0.9 point to 61.2%. Cash and equivalents in the period increased by 2,093,967 thousand yen, from 11,186,942 thousand yen at the end of the previous period to 13,280,910 thousand yen. i.) Cash flow from operating activities Cash flow from operating activities for this consolidated first quarter was 930,123 thousand yen, as compared with 52,419 thousand yen in the previous period. This was primarily due to the payment of corporate tax. ii.) Cash flow from investing activities Cash Flow From Investing Activities An item on the cash flow statement that reports the aggregate change in a company's cash position resulting from any gains (or losses) from investments in the financial markets and operating subsidiaries, and changes resulting from amounts spent Cash used for investing activities during the consolidated first quarter was 3,223,978 thousand yen, as compared with 53,767 thousand yen in the previous period. This was primarily due to the sale of investment securities. iii.) Cash flow from financing activities Cash Flow from Financing Activities A category in the cash flow statement that accounts for external activities such as issuing cash dividends, adding or changing loans, or issuing and selling more stock. Cash flow from financing activities for the consolidated first quarter was 202,144 thousand yen, as compared with 96,492 thousand yen in the previous period. This was primarily due to the payment of dividends. 2.) Consolidated Projections for the Year Ending September September: see month. 31, 2006 For the full term ending September 2006, there is no change in the consolidated sales forecast Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. of 60,000 million yen, a 38.7% year-on-year increase, as revised on January January: see month. 19, 2006. With the Internet business market expanding strongly, ongoing favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. trends are seen in Internet advertising sales centering on the Internet advertising segment's main department, and in EC-related sales centering on netprice ltd. and C.A. Mobile Ltd. As revised on the same date, the ordinary income forecast is unchanged at 4,000 million yen and the net income outlook is unchanged at 4,500 million yen.
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(millions of yen)
Fiscal Year ending September 30, 2006
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Net Sales 60,000
Ordinary Income 4,000
Net Income 4,500
Net Income/Share (y) 6,852.36
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As revised on December 15, 2005, the parent company sales forecast remains 31,000 million yen, an increase of 41.5%, with no change in the estimates for ordinary income (zero yen) and net income (2,000 million yen). The projections are based on the information available to the Group at the time of writing. Actual results can differ materially from the projections for a number of reasons such as risk factors both known and unknown and other contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. . About CyberAgent, Inc. CyberAgent (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. Today, the Group's activities grown to include "Internet Media Business - Advertising, EC (Sales), EC (Agency/Fee Collection), Other", "Internet Advertising Business - Company/Tie-Up Media, Other-Company Media, Other", and most recently "Investment Development Business." For more information, please visit http://ir.cyberagent.co.jp/ir_e/index.php. Source: CyberAgent, Inc. Contact: CyberAgent Public and Investor Relations Group Akiko Kashiwa kashiwa_akiko@cyberagent.co.jp Tel: +81-3-5459-0227 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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