CyberAgent Reports Third Quarter Results; Net Sales Rise 9.9%, Net Income Rises 37.1%.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. , Aug 4, 2009 - (ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network 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 results for the third quarter ended June June: see month. 30, 2009. 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 rose 9.9% to 70,142 million yen from 63,825 million yen in the previous third quarter for variousreasons including firm sales for mobile advertising in the Internet media business (advertising, fee collection, and content) and strong growth for Ameba, the Group's main business. 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. fell 21.0% to 2,857 million yen from 3,616 million yen for the same period of the previous fiscal year and ordinary income shrank shrank v. A past tense of shrink. shrank Verb a past tense of shrink shrank shrink 20.7% to 2,800 million yen from 3,533 million yen since even though the investment development business did not contribute 1,202 million yen to ordinary income as ithad for the same period the previous fiscal year, earnings were firm for the Internet media business (advertising, fee collection, and content) and earnings expanded for Ameba due to growth in sales. Net income rose 37.1% to 1,134 million yen from 827 million yen for the same period of the previous fiscal year as a result of several factors including the recording of impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. losses. The Internet business market 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. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dentsu Dentsu Incorporated (株式会社電通 Kabushiki-gaisha Dentsū Inc., the 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. market grew 16.3% from 600.3 billion yen in 2007 to 698.3 billion yen in 2008, surpassing both radio advertising and magazine advertising. The Internet business market is likely to expand even further, with the development of diverse Internet media, expansion of the EC market, and possibilities for new services. In this promising environment, the CyberAgent Group has continued towork to strengthen its Group media, centered on Ameba, to reinforce its marketing power through its Internet advertising agency business, and to broaden its investment development business that makes use of the other two businesses. In particular, the company will continue upfront investments and considers page views (PVs) as the most important indicator when developing Ameba, the company's core media. 1) Consolidated Financial Results for the Third Quarter Ended June 30, 2009 Business Results (millions of yen) --------------------------------------------------------------------- Third quarter ended March 31, 2009 % 2008 % --------------------------------------------------------------------- Net Sales 70,142 -- 63,825 13.5 Operating Income 2,857 -- 3,616 1.1 Ordinary Income 2,800 -- 3,533 4.9 Net Income1,134 -- 827 (34.9) Net Income/Share(y) 1,749.13 1,273.59 Fully Diluted Net Income/Share(y) -- 1,272.72 --------------------------------------------------------------------- Financial Position --------------------------------------------------------------------- As of June 30, 2009 March 31, 2008 --------------------------------------------------------------------- Total Assets 63,854 62,911 Shareholders' Equity 31,255 30,146 Shlders' Eqty Ratio(%) 39.8 38.5 Shlders' Eqty/share(y) 39,191.48 37,317.27 --------------------------------------------------------------------- 2) Results by Business Segment i. Internet Media Business - Blog This business includes Ameba and Amebapigg, Poupeegirl, MicroAd, and the word-of-mouth marketing business within CyberBuzz. The number of page views (PVs) for Ameba for June 2009had risen to 9.07 billion, a dramatic increase of 4.46 billion compared to the 4.61 billion for June 2008. Full-scale full-scale adj. 1. Of actual or full size; not reduced: a full-scale model. 2. Employing all resources; not limited or partial: efforts were made to turn the business profitable, which included launching fee services such as Amebapigg while continuing to make upfront investments and using the increase in Ameba's PVs as the most important indicator. Therefore, sales for the segment rose 53.4% to 3,795 million yen from 2,474 million in the previous term, and the business posted 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 634 million yen compared to an operating loss of 1,384 million yen for the previous term. ii. Internet Media Business - Advertising/fee collection/content This business segment includes mobile advertising, mobile advertisement ADVERTISEMENT. A 'notice' published either in handbills or in a newspaper. 2. The law in many instances requires parties to advertise in order to give notice of acts which are to be done; in these cases, the advertisement is in general equivalent to notice. centered on the CAMOBILE Group, the price comparison site operated by EC Navi, online game fee collection service provided by GCREST Co., Ltd., and financial operations such as foreign exchange margin transaction business operated by CyberAgent FX. As a result of aggressive advertising and firm growth in the number of members, sales increased 28.7% to 24,465 million yen from 19,012 million yen in the previous term, and the business recorded operating loss of 2,855 million yen, 5.6% increase from a 2,704 millionoperating income for the previous term. iii. Internet Media Business - Commerce The business segment includes online shopping businesses, including "gathering" (joint purchasing) operated by netprice.com, ltd. While continuing to strive to reduce expenses, the CyberAgent Group focused on increasing sales through low-price strategies in response to the stagnant stagnant /stag·nant/ (stag´nant) 1. motionless; not flowing or moving. 2. inactive; not developing or progressing. economy and worked on new overseas businesses such as the global shopping business "sekaimon." Therefore, sales for the segmentrose 5.1% to 13,843 million yen from 13,169 million yen for the previous term, and the business was able to record operating income of 605 million yen, 0.6% decrease from a 609 million operating income for the previous term. iv. Internet Advertising Business This business segment includes the Internet advertising agency business, centered on the company's Internet Advertising Management Division, the SEM (search engine marketing) business, and the Ad Network business. The CyberAgent Groupmade proposals to meet customer needs and worked to capture advertising at a time when the deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in economic conditions was impacting the advertising market. As a result, sales for the segment was 30,937 million yen, 0.0% decrease from 30,949 million yen in the previous term, and the company posted operating income of 253 million yen, 47.4% decrease from a 483 million operating income for the previous term. v. Investment Development Business This business segment is composed mainly of the company's corporate venture capital business and fund management operations within CyberAgent Investment. The business has several responsibilities, including discovering, developing, and raising the value of promising venture companies with the goal of generating capital gains. For various reasons including the disposal of its holding, sales decreased 92.3% to 161 million yen from 2,102 million yen in the previous term, and the company posted operating loss of 226 million yen, compared to a 1,202 million operating income for the previous term. 3) Consolidated Financial Position Consolidated assets at the end of this third quarter rose 942 million yen from the end of the previous fiscal year to 63,854 million yen. This wasdue to factors such as an increase in cash and deposits accompanying the recording of net income. Consolidated liabilities declined 166 million yen to 32,598 million yen. This was primarily because of a decline in tax liabilities due to the payment of taxes. 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. increased 1,108 million yen to 31,255 million yen. This increase was the result of several factors including an increase in retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. due to strong sales activities. 4) Outlook No revisions are made to the consolidated earnings forecast announced on November November: see month. 11, 2008. Fiscal Year ending September 30, 2009 --------------------------------------------------------------------- Net Sales97,000 Operating Income 4,700 Ordinary Income 4,500 Net Income 1,200 --------------------------------------------------------------------- Segment Information: Current consolidated third quarter (Oct 1, 2008 to June 30, 2009)
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A B C D E F G H
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Sales
1)Sales to external
customers
2,743 22,753 13,834 30,648 161 70,142 0 70,142
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2)Sales or transfers
within segments
1,051 1,712 8 288 -- 3,060 (3,060) --
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Total 3,795 24,465 13,843 30,937 161 73,202 (3,060) 70,142
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Operating Income
(634) 2,855 605 253 (226) 2,854 (3) 2,857
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A.Media - Blog
B.Media - Advertising/fee collection/content
C.Media - Commerce
D.Advertising Agency
E.Investment Development
F.Total
G.Write-off or Company Total
H.Consolidation
Notes: 1.'Business segments' refers to segments the Company uses for internal management. 2. Main products of each business segment (1)Media (Blog): Operations of Ameba and Amebapigg, Poupeegirl, MicroAd, and the word-of-mouth marketing business,etc. (2)Media (Advertising/fee collection/content): Operations of PC and mobile media, online game business, foreign exchange margin transaction business, content offering, etc. (3)Media (Commerce): Online shopping businesses, publishing business,etc. (4)Internet advertising agency: Advertising agency business, SEM(Search engine marketing) business, ad network business, advertising creation, etc. (5)Investment development: Investment by corporate venture capital, fund operation, etc. About CyberAgent, Inc. CyberAgent, Inc. (TSE: 4751; ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. : JP3311400000) 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/ Contact: CyberAgent PR/IR Division Akiko Kashiwa Ka·shi·wa A city of east-central Honshu, Japan, an industrial suburb of Tokyo. Population: 335,000. Tel: +81-3-5459-0227 Copyright 2009 ACN Newswire. All rights reserved. |
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