Cyberagent, Inc. All Rights Reserved. 0 Table of Contents
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CyberAgent, Inc. All Rights Reserved. 0 Table of Contents 1 Overview of Quarterly Consolidated Financial Results 2 Business Forecast for FY2014 3 Internet Advertisement Business 4 Game and Other Media Businesses 5 Investment Development Business 6 Ameba Business 7 Summary 0 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Overview of Consolidated Financial Results for 3Q (April 2014-June 2014) 1 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Third Quarter Highlights (Apr. Jun. 2014) Consolidated To the multi-year harvest season Financial Sales: 51.2 billion yen 34.8% increase from the same quarter of the previous year Results Operating profit: 4.0 billion yen 2.5-time increase from the same quarter of the previous year Internet Sales growth rate remains high Advertisement Sales: 28.2 billion yen 42.8% increase from the same quarter of the previous year Business Operating profit: 2.2 billion yen 24.7% increase from the same quarter of the previous year Increase of top-ranked native games Game and Other Sales: 16.3 billion yen 15.1% increase from the same quarter of the previous year Media Businesses Operating profit: 1.6 billion yen 41.5% decrease from the same quarter of the previous year Ameba Sales: 9.6 billion yen 43.2% increase from the same quarter of the previous year Business Operating profit: 0.2 billion yen -2.6 billion yen → 2.9 billion increase from the same quarter of the previous year 2 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Quarterly Consolidated Sales Sales for the 3Q FY2014: 51.2 billion yen (up 34.8% from the same quarter of the previous year) Sales have been going up steadily, although there was a recoil after the ad demand period in Mar (Unit: billion yen) Quarterly Consolidated Sales 52.4 Sales of CyberAgent FX, Inc. 51.2 Sales of VOYAGE GROUP, Inc. Sales of netprice.com, Ltd. 43.7 Sale under the current conditions 42.2 41.3 40.8 1.0 39.2 40.0 1.8 38.0 1.6 40.3 35.9 38.9 37.5 1.9 33.7 32.1 2.0 1.8 30.9 30.6 2.0 31.9 31.9 28.7 1.7 29.1 2.2 2.1 1.5 2.2 26.3 1.9 2.1 28.0 24.6 1.5 2.0 26.9 1.7 23.6 23.7 24.2 26.5 23.2 23.3 23.0 21.7 1.4 1.6 1.8 2.1 1.9 25.1 25.1 20.8 21.2 1.8 1.3 1.4 19.7 21.4 19.3 18.8 0.6 0.9 1.2 1.2 1.2 1.5 1.7 1.8 22.8 0.3 1.0 1.3 1.7 20.0 18.0 0.2 0.2 1.0 0.8 0.8 3.2 3.1 20.5 20.5 0.2 0.7 3.1 3.4 3.2 1.7 0.7 2.9 3.1 0.7 2.7 2.8 0.6 3.7 2.9 17.7 17.9 17.3 17.2 17.0 17.4 3.7 16.4 16.5 15.8 16.3 14.5 14.9 13.4 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 ※ netprice.com, Ltd. was transitioned from consolidated subsidiary to our equity method affiliate in FY2010. 3 ※※ The stock of VOYAGE GROUP, Inc. was transferred in 3Q FY2012, and so is no longer consolidated. CyberAgent, Inc. All Rights Reserved. ※※※ FX business was transferred by stock transfer in 2Q FY2013, and so is no longer consolidated. 1 Overview of Quarterly Consolidated Financial Results Quarterly Sales from Smartphone Sales from smartphone business: 37.2 billion yen (ratio to total sales: 72.7%) 37.237.2 (Unit: billion yen) Quarterly Sales from Smartphone 36.1 72.7% Sales from smartphone 68.9% Smartphone ratio 64.1% 62.3% 59.4% 60% 28.0 54.5% 26.3 49.2% 22.6 22.5 40.7% 20.1 20.0 40% 15.9 28.2% 20.5% 9.5 20% 13.6% 7.3 10.3% 4.3 5.7% 3.1 0.9 0.6 1.6 3.2% 0.0 2.2% 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2011 FY2012 FY2013 FY2014 ※ Sales from Smartphone are reference values include advertising, virtual content sales, etc. 4 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Quarterly Number of Employees Up 303 from the previous quarter (including 265 new employees) in Consolidated Companies (Unit: person) Quarterly Number of Employees in Consolidated Company 3,165 Headquarters (management) 121 34 3,000 2,862 Investment development 2,825 SAP/Other media 2,777 2,764 103 107 Internet ad business 117 110 33 32 30 30 Ameba 2,511 2,489 2,423 2,479 92 1,015 92 93 111 24 27 22 25 905 920 828 858 1,993 2,000 1,875 72 801 1,835 1,806 804 767 70 23 778 65 62 19 22 1,630 20 1,593 1,575 1,544 1,554 1,481 1,551 1,526 72 1,466 74 71 636 74 75 1,428 70 71 18 933 68 12 12 64 12 13 16 18 612 621 660 14 13 74 610 668 726 777 12 598 587 563 572 582 536 538 648 638 639 540 616 638 529 1,000 497 504 732 676 632 671 621 623 1,142 630 622 594 577 1,098 1,058 1,062 586 574 956 976 993 1,002 1,026 765 658 407 438 282 298 295 306 186 188 229 229 231 236 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 ※ The number of employees of netprice.com, Ltd. and Voyage Group, Inc., as well as FX business, whose stock were transferred, is excluded. 5 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Quarterly SG&A Expenses Increase in cost due to the airing of commercials and the employment of new employees (Unit: billion yen) Quarterly SG&A Expenses 13.3 Earnings Incentives 13.0 Others 11.6 Consolidated adjustment 11.1 11.8 11.5 2.5 Office costs 11.0 2.4 Sales related costs 10.2 0.5 10.7 Personnel 0.09 0.7 2.4 2.3 0.09 10.0 0.8 Advertisement costs 9.5 2.2 2.3 0.9 9.1 2.4 2.4 0.1 0.1 2.4 1.7 0.9 1.2 1.0 1.9 0.1 0.8 8.0 8.1 0.1 0.8 0.1 0.1 0.7 7.5 0.09 0.9 1.2 7.3 7.1 7.3 0.09 1.5 0.8 7.2 7.0 7.2 1.5 1.8 1.6 0.6 0.6 6.6 0.8 1.7 1.7 1.0 1.3 0.07 1.2 1.4 1.4 1.3 6.0 1.3 1.4 0.08 0.08 1.1 3.7 1.5 5.8 0.4 0.5 0.09 1.2 0.5 4.6 0.09 0.08 0.07 1.4 0.08 0.5 0.6 0.07 0.07 0.8 0.7 0.6 0.7 1.1 0.4 0.4 0.7 5.0 1.4 0.3 0.07 4.3 0.6 0.3 0.4 0.5 0.5 3.8 0.6 0.6 0.6 0.07 0.08 0.4 0.5 0.4 3.6 3.9 0.3 0.3 3.9 3.6 3.7 4.0 3.8 3.2 3.5 3.7 3.4 3.3 3.3 3.3 3.4 3.4 3.1 3.0 3.0 4.3 3.5 2.9 2.8 2.4 2.2 1.8 2.1 1.4 1.7 1.4 1.7 1.7 1.1 1.0 1.2 1.2 1.2 0.9 0.9 0.8 0.7 0.6 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 6 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Commercials of CyberAgent Group 6 commercials were aired in the 3Q FY2014. th Girl Friend (BETA) Provided by CyberAgent, Inc. Provided by CyberAgent, Inc. Provided by Cygames, Inc. Airing period Airing period Airing period Apr. 16 to 27 Apr. 28 to May 6 Apr. 3 to 14 Provided by Cygames, Inc. Provided by Cygames, Inc. Bahamut Provided by Cygames, Inc. Airing period Airing period Airing period Apr. 4 to 25 May 2 to 22 May 30 to Jun. 15 7 CyberAgent, Inc. All Rights Reserved. 1 Overview of Quarterly Consolidated Financial Results Quarterly Operating Profit by Business Segments (Unit: billion yen) Quarterly Operating Profit by Business Segments 6.74 6.52 Adjustment 6.0 Investment Development Business 0.90 FX Business 5.23 5.14 2.93 0.10 4.69 Internet Advertisement Business 4.74 4.60 4.28 4.40 Game and Other Media Businesses 4.21 1.09 1.92 4.07 0.61 0.02 Investment 0.62 Ameba Business 3.94 0.25 Development 0.05 0.02 0.05 4.0 3.72 Business 0.64 3.58 3.44 1.78 1.34 0.95 1.07 2.18 3.15 0.53 1.02 Internet 2.25 2.03 0.99 0.69 2.22 2.57 2.62 1.20 Advertisement 1.05 1.13 2.17 Business 2.31 0.88 2.46 0.58 0.92 1.47 0.86 2.0 2.06 1.20 0.86 0.27 Game and 1.00 0.65 2.09 0.94 0.98 0.30 Other Media 2.82 2.48 Businesses 0.48 0.77 1.25 2.17 2.15 1.65 0.59 0.80 1.77 1.88 1.46 1.43 1.53 0.43 1.35 1.08 0.97 Ameba 0.46 0.62 0.66 0.40 0.57 0.38 0.03 0.11 0.28 Business 0.0 -0.06 -0.06 -0.17 -0.06 -0.06 -0.07 -0.16 -0.07 -0.07 -0.34 -0.02 -0.16 -0.34 -0.14 -0.30 -0.30 -0.12 -0.17 -0.27 -0.60 -0.04 -0.27 -0.31 -0.28 -0.31 -0.10 -1.04 -0.14 -0.02 -0.17 -1.49 -0.20 -0.20 -0.47 -0.36 -0.33 -0.18 -0.38 -0.44 -0.34 -0.38 -0.34 -0.60 -0.58 -0.15 -3.06 -0.01 -2.64 -1.19 -2.0 -1.51 -0.05 -0.26 -0.13 <Operating Profit> Unit: billion yen -3.20 -2.95 2.11 2.70 2.22 2.29 3.55 4.05 3.22 3.51 4.91 6.14 3.49 2.85 1.54 3.62 1.64 3.50 42.6 6.54 4.06 -4.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2010 FY2011 FY2012 FY2013 FY2014 ※: The adjusted amount is a portion of all company expenses that fluctuate seasonally.