Business Forecast for FY2016. Game Business ... â¡Smartphone advertisement contributed to increase sales ...... Foundat
CyberAgent, Inc. All Rights Reserved.
0 Table of Contents 1
Overview of Quarterly Consolidated Financial Results
2
Overview of Full-year Consolidated Financial Results
3
Business Forecast for FY2016
4
Internet Advertisement Business
5
Game Business
6
Ameba Business (Former Segment)
7
Upfront Investment in FY2016
8
Outlook for FY2016
CyberAgent, Inc. All Rights Reserved.
0
1
Overview of Quarterly Consolidated Financial Results
Overview of Quarterly Consolidated Financial Results (July 2015-September 2015)
CyberAgent, Inc. All Rights Reserved.
1
1
Overview of Quarterly Consolidated Financial Results Highlights (Jul. 2015 – Sep. 2015)
Consolidated Financial Results
Recorded high excluding temporary factors*
69.2 billion yen Operating profit: 5.7 billion yen Sales:
up
19.9%
year-on-year
down 21.5% year-on-year
(Operating profit excluding incentives :9.2 billion yen)
■Smartphone advertisement contributed to increase sales
Ad Business
38.5 billion yen Operating profit: 2.7 billion yen Sales:
■
Game
Ameba
Business
up
24.8%
year-on-year up
THE iDOLM@STER CINDERELLA GIRLS STARLIGHT STAGE and Dreams 100 became hits ****
22.2 billion yen Operating profit: 6.2 billion yen
Sales:
up
28.2%
year-on-year
***
61.4 %
year-on-year
2X
year-on-year
■The Sales from browser games declined Business
7.8 billion yen Operating profit: 0.5 billion yen
Sales:
16.4% down 63.6% down
*The temporary factors here refer to Investment Development Business and earnings incentives. ** Each segment's operating income does not include investment development business/incentives. ***©BANDAI NAMCO Entertainment Inc . It was jointly developed and is operated by BANDAI NAMCO Entertainment Inc. and Cygames Inc. **** “100 Sleeping Princes and the Kingdom of Dreams” provided by GCREST Inc., our consolidated subsidiary.
year-on-year year-on-year
CyberAgent, Inc. All Rights Reserved.
2
1
Overview of Quarterly Consolidated Financial Results Quarterly Consolidated Sales
69.2
Unit: b illion yen
0.4 63.4
Record high results
60.0
61.1 60.5 0.7 57.7 5.6 0.3 68.7 52.4 51.2 0.08 0.7
3.1
60.4 60.1 57.7
Investm en t Develop m ent Business Sales
40.8 41.3 39.2 0.9 0.5 38.0 0.2 0.1
Con solid ated Sales (Exclud ing In vestm ent Develop m ent Business)
40.0
20.0
43.7 42.2 0.3 0.2
54.5
52.3 50.5 35.9 0.2 33.7 43.3 32.1 0.3 30.9 30.6 41.9 28.7 0.2 29.1 0.1 0.1 0.08 40.8 26.3 0.06 37.8 24.6 0.2 24.2 23.7 23.6 23.2 23.3 23.0 0.08 39.8 21.7 20.8 21.2 0.006 0.03 0.05 0.07 0.06 21.4 0.2 38.9 0.2 0.01 0.1 1.7 35.7 33.4 31.9 30.8 28.7 30.4 29.0 26.1 24.5 23.2 23.3 23.6 23.0 23.6 21.4 24.0 21.1 21.5 19.0
0.0 1Q
2Q
3Q
FY2008
4Q
1Q
2Q
3Q
FY2009
4Q
1Q
2Q
3Q
FY2010
4Q
1Q
2Q
3Q
FY2011
*The temporary factors here refer to investment development business and earnings incentives.
4Q
1Q
2Q
3Q
FY2012
4Q
1Q
2Q
3Q
FY2013
4Q
1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
3
1
Overview of Quarterly Consolidated Financial Results Quarterly Operating Profit 12.5
9.2
Un it: b illion yen
Marked a record high
4.8
Temporary factors* are not considered
8.1 0.03
7.3
3.4
6.5
8.1
6.1
6.2 0.1
2.6 7.6
0.009
4.9 4.5
Investm en t Develo p m ent Bu sin ess Op eratin g Profit
4.2
4.0
Op erating Profit (Exclu d in g In vestm en t Develop m en t Business)
3.5 0.05
3.5
3.4 0.02
3.2 2.7
1.8
1.6
1.0 0.6 1.0 1.4 0.01 0.7 0.4 -0.5
1Q
4.9 2.2 2.2
2.1
0.9
1.2 1.0 0.9 1.1 0.9 0.7 2Q
1.7
FY2008
4Q
1Q
2Q
3Q
FY2009
3.8
2.9
2.2 2.3
2.1
4.7
3.5 1.6 3.4 1.5
3.4
3.2
0.6
1.7
0.9
-0.2 -0.1 -0.07 -0.1 -0.03 -0.1 -0.06 -0.1 -0.06-0.06 -0.06 3Q
2.8
5.7
0.2
3.5 0.02
0.1
3.6
3.6
1.1
3.6
4.2
4.0
2.8
4.0
0.05
6.2
6.1
6.7
4Q
1Q
2Q
3Q
FY2010
4Q
1Q
-0.07 -0.1 -0.07 -0.07 2Q
3Q
FY2011
4Q
1Q
2Q
FY2012
4Q
-0.1
-0.05
-0.1 3Q
1Q
2Q
3Q
FY2013
4Q
1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
4
1
Overview of Quarterly Consolidated Financial Results 3.49 billion yen of Earnings Incentives supplied
Quarterly SG&A Expenses
Un it: b illion yen
18. 8
Earn in g s In cen tives Ad vertisem en t co sts Oth er
3.4
Am o rtization of g o od w ill Sales related costs
15.0
14.4
Office costs Person n el
13.5
13.3
10.0
0.5
11.1
11.0 4.3 2.4
2.1
1.7
8.0
7.5 6.6
5.0
5.8
6.0
0.7
0.6
1.1 0.07 0.3 0.5
1.4 0.08 0.3 0.4
1.4 1.2 0.07 0.3 0.3
7.0
7.2
1.2
1.2
1.7
0.8 1.0
1.5 1.4 0.07 0.4 0.4
1.3
1.4
0.08 0.5 0.4
0.07 0.5 0.4
3.0
3.0
3.2
3.1
3.3
3.3
1Q
2Q
3Q
4Q
1Q
2Q
0.07 0.5 0.4
1.0 1.4
8.1
1.9 1.8
1.6
0.08 0.7 0.5
0.08 0.8 0.5
3.7
3.5
3.7
3Q
4Q
1Q
2.6
3.5 1.9
2.2
1.7
1.2
2.4 2.4
0.09 1.1
0.09 1.2
0.6
0.6
2.5
2.4
2.2
2.3
2.3
0.1
0.09
0.1
0.1
0.1
1.7
1.7
1.7
1.5
1.5
0.1 1.0
0.7
0.8
0.8
0.8
0.8
0.9
2.4
4.0 3.6
2.0
2.8
2.9
1.8
13.4 12.7
3.1 10.7
0.7
9.5
9.1
11.8
11.6
11.5 10.2
13.0
2.4
4.0
3.9
3.6
3.7
3.6
3.8
3.8
3.9
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2.9
2.8
0.1
0.1 1.2
2.4 0.09 1.2
0.09 1.3
0.9
1.0
1.0
4.3
4.6
4.6
4.6
2Q
3Q
4Q
1Q
0.1 1.2 0.9
1.3
2.9
3.4
0.1 1.2
0.1
1.1
1.2
5.0
5.3
5.1
2Q
3Q
4Q
1.0
1.3
0.0
FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
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5
1
Overview of Quarterly Consolidated Financial Results Quarterly Number of Employees in Consolidated Companies
3,566
U n it: Peo p le
3,511 Head q u arters *
In vestm en t d evelo p m ent
3,165 3,168 3,168 3,183
Med ia an d Oth er
3,000
Gam e
2,777 2,764
In tern et Ad b u sin ess Am eb a
2,423
1,993
2,000
1,000
1,835 1,806 1,875 70 62 1,630 65 22 19 1,554 1,551 20 1,526 1,544 326 72 349 1,428 341 71 75 71 18 70 18 74 12 16 13 359 291 367 259 387 12 265 394 526 405 201 168 141 139 530 110 120 697 751 674 631 635 628 597 581
636 231
236
282
298
295
306
392
421
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
72 23 303
92 25 337
439
2,479 2,511 2,489 93 24 331
474
92 27 328
473
111 22 336
621
637
348
110 30 358
103 33
107 32
373
372
33
121 34
308
322
288
393
34
33
33
523
505
510
574
642 822
490
510
543
567
711
717
772
807
296 35 582
865
688
703
737
977
981
985
638
624
630
682
667
4Q
1Q
2Q
3Q
4Q
437
329
604
117 30
2,825 2,862
302
957
635
1,098 1,121
526
740
926
936
954
948
1,081 1,039 1,001
977
1,018
0
FY2010
1Q
2Q
FY2011
3Q
FY2012
4Q
1Q
2Q
3Q
4Q
FY2013
* Consolidated company-wide divisions into Headquarters function beginning Q4, FY2014 ** Does not include employees from (equity investments) BEENOS, Inc. (formerly netprice.com, Ltd.), VOYAGE GROUP, Inc., or FX Business
1Q
2Q
3Q
FY2014
FY2015
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6
2
Overview of Full-year Consolidated Financial Results
Overview of Full-year Consolidated Financial Results (October 2014-September 2015)
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7
2
Overview of Full-year Consolidated Financial Results Highlights (Oct. 2014 – Sep. 2015)
Consolidated Financial Results
①
Sales: 254.3 billion yen Operating profit: 32.7 billion yen
up 23.9% year-on-year up 47.4% year-on-year
■Continued large sales and high profit growth
Ad Business
②
Game
③
Record high financial results
Ameba
Sales: 142.1 billion yen Operating profit: 11.5 billion yen
up 24.8% year-on-year up 26.3% year-on-year
■Steady growth with increasing hit titles Business
Business
Sales: 68.9 billion yen Operating profit: 15.9 billion yen
up 35.8% year-on-year up 88.3% year-on-year
■Successful structural reform and OP up 86% year-on-year Sales: 34.2 billion yen up 0.7% year-on-year Operating profit: 4.2 billion yen up 86.3% year-on-year CyberAgent, Inc. All Rights Reserved.
8
2
Overview of Full-year Consolidated Financial Results Yearly Sales of Smartphone Business Unit: billion yen
In the past 5
years, 80%
254. 3
of our business
has shifted to smartphone business 205. 2 200
192. 5
162. 4
139. 8
141. 1 119. 5
91. 5
100
37. 2 6. 4 0 FY2011
FY2012
FY2013
FY2014
FY2015 CyberAgent, Inc. All Rights Reserved.
9
2
Overview of Full-year Consolidated Financial Results Yearly Consolidated Sales and Operating Profit Unit: billion yen
Unit: billion yen
250.0
Operating profit increased
254.3
3 times
from upfront investment in 2013
200.0
50.0
205.2 40.0
32.7
162.4
30.0
141.1
150.0
22.2
119.5 Investment
100.0
87.0
93.8
96.6
76.0
Op eratin g Profit
26.7 6.3
10.8
16.2
1.7
10.3
9.3
43.2
50.0
4.3
5.5
20.0
Period
14.3
60.1
Sales
3.2
17.4
4.6
10.0
4.4
2.6
0.0
0.0
-1.6
-0.1
FY2000
FY2001
-0.2 FY2002
-0.1 FY2003
FY2004
FY2005
FY2006
FY2007
FY2008
FY2009
FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
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10
2
Overview of Full-year Consolidated Financial Results P L (Full year)
Operating profit margin 12.9%(up
U n it: m illio n ye n
2.1
points year-on-year)
FY2 0 1 5
FY2 0 1 4
Yo Y Ch a n ge
254, 381
205,234
23.9%
Gross m argin
92, 221
71,342
29.3%
SG&A exp enses
59, 473
49,122
21.1%
Op erating p rofit
32, 747
22,220
47.4%
Op erating p rofit m argin
12. 9%
10.8%
Ord inary p rofit
32, 314
22,188
45.6%
Extraord inary incom e
3, 272
321
919.3%
Extraord inary loss
4, 866
4,032
20.7%
Cu rren t n et p retax p ro fit
30, 719
18,477
66.3%
Current net p rofit
14, 792
9,556
54.8%
Net sales
+2.1p oints
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11
2
Overview of Full-year Consolidated Financial Results BS
U n it: m illio n ye n
En d o f Se p te m b e r 2 0 1 5
En d o f Se p te m b e r 2 0 1 4
Yo Y Ch a n ge
Cu rren t assets
93, 532
73,605
27.1%
Cash an d d ep o sits
38, 723
31,446
23.1%
Fixed assets
37, 656
26,939
39.8%
To tal assets
131, 188
100,545
30.5%
Cu rren t liab ilities
52, 013
36,329
43.2%
(In co m e tax p ayab le, o th er p ayab les)
10, 605
4,604
130.3%
1, 472
1,040
41.5%
77, 702
63,175
23.0%
Lo n g-term liab ilities Net assets
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12
3
Business Forecast for FY2016
Business Forecast for FY2016 (October 2015-September 2016)
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13
3
Business Forecast for FY2016 Yearly Consolidated Sales
Unit: billion yen
300.0
300.0
Consolidated sales
300
billion yen
254.3
(up 17.9% year-on-year) 205.2
YoY
17.9%
200.0
162.4 141.1 119.5 87.0
100.0
93.8
96.6
76.0 60.1 43.2
3.2
6.3
10.8
16.2
26.7
0
FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast)
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14
3
Business Forecast for FY2016 Yearly Operating Profit
32.7
Unit: billion yen
Consolidated operating profit
28 billion yen
4.9
28.0
27.7
28.0
28.0
(flat YonY excluding profit of investment Development Business)
22.2 2.7
17.4 18.0
14.3 Investment Development Business Operating Profit
Operating Profit (Excluding Investment Development Business)
5.5
8.0
1.7 1.7
-1.6
-0.1
-0.2
-0.1
2.6 1.4 1.2
3.2
17.6
4.6
4.3
-2.0
10.3
9.3
6.9
3.6
1.1 -1.4
19.4
14.5
4.4 9.6
1.0
0.6
9.6
4.8 -0.3
-0.3
-0.2
-0.2
FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
(Forecast)
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15
3
Business Forecast for FY2016
New Segment (FY2016) ① Game section of Ameba Business to be integrated into Game Business ② New business
(such as video content & 755) to
Internet Ad Business
be integrated into Media Business
(Ameba)
Media Business (Ameba)
Game Business
Other Business
Investment Develop Business
②
① Former Segment (FY2015)
Game
Internet Ad Business
Media
Game Business Ameba Business
*Media and Other Business means CA MOBILE, LTD., Wedding Park, LTD., etc.
New Media Business
Existing Business * *
Investment Develop Business
Media and Other Business
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16
3
Business Forecast for FY2016 Outlook on Consolidated Operating Profit
Increase both Internet Ad and Game Businesses , upfront invest in Ameba Business 0.4B
Med ia an d Oth er
Gam e
Gam e
¥ 20.0B
¥18.7B
¥37.0B
¥34.8B
0
In tern et Ad
In tern et Ad
¥12.3B
¥14.0B
Med ia (Am eb a ) Up fro n t In vestm en t
¥ 3.3B
-¥ 3.6B
In ssen tives
-¥ 3.5B
Med ia (Am eb a )
¥-7.1B
¥ 3.0B
U p fro n t In vestm en t
- ¥9.0B
FY2015 FY2015
FY2016 FY2016
¥32.7B
¥28.0B
*The term ended Sep. 2015 is traced back in conjunction with the new segment in the term ending Sep. 2016. Some of the minor internal transactions are not considered. **Adjustments such as whole company expenses of the term ended Sep. 2015 are included in upfront investment. ***Adjustments such as media and other business, investment development business, whole company expenses, etc. for term ending Sep. 2016 are compensated and omitted.
¥-9.0B
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17
3
Business Forecast for FY2016 Payout ratio 22.3%
Expected Dividend
Unit: yen
FY2016
Expected dividend per share
FY2014
Dividend amount
Payout ratio
¥50
¥3.1B
22.4%
**
¥50
¥3.1B
21.2%
*
¥40
¥2.4B
26.1%
Expected dividend
FY2015 Dividend amount
Dividend amount
Total Dividend Unit: billion yen
Dividend per Share Unit: yen
Total am ou n t of d ivid en d an d d ivid en d p er sh are
60
3.0
50
50
50
40 35
2.0
35
40
35
3.1
3.1
30
22
1.0
2.2 14
12 9
0.2
0.3
FY2004
FY2005
0.5
10
10
2.2
2.4 20
2.1
1.4
7 0.6
0.4
10
0.6
0.0
0 FY2006
FY2007
FY2008
FY2009
FY2010
FY2011
FY2012
FY2013
*FY2015 Dividend amount: The commemorative dividend (20 yen) is not included. **As for the dividend amount for the term ended Sep. 2015, the bill for profit appropriation will be discussed at the annual meeting of shareholders on Dec. 11, 2015.
FY2014
FY2015
FY2016E
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18
4
Internet Advertisement Business
Internet Advertisement Business
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19
4
Internet Advertisement Business Yearly Sales
Yearly Operating Profit
Unit: billion yen
142.1
150.0
Unit: billion yen
11.53 Up 26.3% year-on-year
Up 24.8% year-on-year 10.00 113.8
9.12 8.39
100.0 6.88
83.2 70.6 66.5 5.00
52.9
4.06
50.0 2.88
0.00
0.0 FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
CyberAgent, Inc. All Rights Reserved.
20
4
Internet Advertisement Business Growth rate of internet advertisement
39.3% 40.0%
Increase our Internet Ad market share with growth rate exceeding market growth
30.0% インターネット市場(全体) CA インターネット広告事業売上高
19.9%
20.0%
16.8% 12.1% Market growth rate
9.1%
10.0% 4.1%
8.1%
of Internet Ads
7.7%
0.0% 2011
2012
2013
*Source: DENTSU INC. “Advertisement Expenditure in Japan 2011” “Advertisement Expenditure in Japan 2012“ “Advertisement Expenditure in Japan 2013” “Advertisement Expenditure in Japan 2014”
2014 CyberAgent, Inc. All Rights Reserved.
21
4
Internet Advertisement Business Sales: 38.5 billion yen(up 24.8% YonY) Smartphone Ad contributed to the increase in sales by
Quarterly Sales Unit: billion yen
36.5% YonY
38.5
40. 0
0.05
33.1 30.9
29.9 30. 0
0.3
28.5
Featu re Ph o n e 20. 0
18.9
PC
17.5
Sm artp h o n e
16.0
13.4 11.3 10. 0
2.1
13.7 2.3
16.0 3.4
14.3 2.9
2.8
16.8
16.8
1.4
2.7
1.7
11.2
11.3
2Q
3Q
FY2010
0.7
20.7 0.4
0.6
11.8
4Q
12.9
13.6
12.0
14.4
0.8
1Q
2Q
3Q
FY2011
2.0 4Q
12.4
12.1
11.8
25.8 22.7 21.7
11.2 20.7 18.9
12.1
16.4 15.1
10.5
0.4
13.1
12.0
12.2
0.1
12.7
19.9 0.3
1.1
12.0
12.8
0.08
12.5
11.9
12.1
0.1
11.7
12.5
0. 0 1Q
17.0
2.4
1.6
9.6
17.8
19.6
22.8 0.2
35.3
0.2
0.1
0.2
24.4 0.3
34.9
2.9
3.5
3.7
1Q
2Q
3Q
FY2012
5.6
4Q
7.0
1Q
8.1
8.3
2Q
3Q
FY2013
4Q
11.5
1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
22
4
Internet Advertisement Business
Focused Sectors
Performing strongly by following current trends
■ Sales of infeed ads (3 times year-on-year) *
■ Sales of video ads (4.1 times year-on-year) **
Unit: billion yen
5.80
6. 00
Unit: billion yen
1.54
1. 00
3.48 3.13 3. 00
0.81
0.83
2Q
3Q
2.69
1.93
0.48
0.50
0.37
1.37 0.97
0.46
1.08
0.25
0. 00
0. 00 1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
1Q
FY2015
*Infeed ads: Ads published on websites, timeline of applications, etc. Advertising method used in SNS, curation, news media, etc. **Video content ads: Ads viewable in such as YouTube, LINE videos and digital signage displays.
2Q
3Q
FY2014
4Q
1Q
4Q
FY2015
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23
4
Internet Advertisement Business
Quarterly Operating Profit
Operating profit:
2.79 billion yen (up 28.2% year-on-year)
Unit: billion yen 4.0
3.78 40.0%
3.02
2.89
2.88
2. 79 30.0%
2.47 2.30 2.17
2.10
2.18
2.17
2.07
1.94
2.0
Operating Profit
1.75
Operating Profit Margin
20.0%
1.49 1.36 1.13
1.20
1.02
0.94
10.9% 0.85
0.80
0.48 7.0%
1.34
5.8%
7.1% 7.0%
8.1%
11.4% 8.8%
8.5%
8.8%
8.0%
10.8%
10.8%
10.7% 10.5%
10.1% 8.1% 7.1%
6.9%
8.2%
8.7%
7. 2%
10.0%
5.4%
4.2%
0.0
0.0% 1Q
2Q
3Q
FY2010
4Q
1Q
2Q
3Q
FY2011
4Q
1Q
2Q
3Q
FY2012
*The operating profit of Internet Advertisement Business does not include earnings incentives. **The operating profit rate was calculated without including earnings incentives.
4Q
1Q
2Q
3Q
FY2013
4Q
1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
24
4
Internet Advertisement Business
Competitive Advantages
①
Strong operation
②
Economy of scale & First-mover advantage
③
Competent in Smartphone Ads CyberAgent, Inc. All Rights Reserved.
25
5
Game Business
Game Business
CyberAgent, Inc. All Rights Reserved.
26
5
Game Business Yearly Sales
Yearly Operating Profit
Unit: billion yen
68.9
Unit: billion yen
15.96 Up 88.3% year-on-year
Up 35.8% year-on-year 60. 0
50.7 47.9
10. 0
8.26
8.47
FY2013
FY2014
29.2
30. 0
4.20
7.1 3.7
0.25 0. 0
0. 0 FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
-0.03 FY2010
FY2011
FY2012
FY2015
CyberAgent, Inc. All Rights Reserved.
27
5
Game Business Sales: 22.2 billion yen (up
Quarterly Sales
61.4% year-on-year)
Significant sales growth in native games,
Granblue Farasy contributed to the gwowth of browser games.
Unit: billion yen
22. 2 1.1 0.3
20. 0
16.7 15.5 15. 0
13.7 12.9
12.7 12.7
11.7 3.9
10. 0
Oth er *
6.4
2.8 4.0
Jap an n ative gam es
0.6
0.8
2.3
0.8
0.6
0.8
0.8
1Q
2Q
3Q
3.3
1.4
1.7
1.7
1.7
1.4
1.6
1.7
1.7
1Q
2Q
4Q
0.01
FY2010 *Other sales: games for PC, feature phones, etc.
3Q
FY2011
1.8 4Q
3.0
0.04
0.02
0.2
1.9 0.1
1Q
2Q
2.8
2.5
1.8
2.0
1.6
1.0 1.1
1.1 0.8
1.0 0.4
4.9
5.6
5.1 5.0
4.8
4.7 9.5
0.2
0.5
1.0
1.0
1.2
3Q
4Q
1Q
2Q
3Q
FY2013
2.1 4Q
12.9
8.7
5.1
2.6
FY2012
5.7
5.4
5.1 4.6
1.0 0.4
4.7
4.2 0.6
1.8
1.9
1.4
1.3
1.6
7.7
Jap an b ro w ser gam es
5. 0
3.1
4.4
Overseas b ro w ser, n ative gam es
0. 0
11.3 11.1 11.4
12.6
14.3
7.8
1.0 0.3
5.1
5.6
2Q
3Q
6.7
7.6
3.5
1Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
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5
Game Business
Quarterly Operating Profit
Operating profit:
6.26 billion yen (2 times year-on-year)
Unit: billion yen
6.26 5. 6
3.50
3. 6
2.80
2.69 2.30 2.05 1.47
1. 6
1.06 0.62 0.15
0.05 -0. 4
3.48
2.99
2.11
1.94
3.62
-0.04 1Q
0.29 0.19
-0.01 -0.12
-0.13 2Q
3Q
FY2010
0.81 0.91
4Q
1Q
2Q
3Q
4Q
FY2011
*: The operating profit of Game Business does not include earnings incentives.
1Q
2Q
3Q
FY2012
4Q
1Q
2Q
3Q
FY2013
4Q
1Q
2Q
3Q
FY2014
4Q
1Q
2Q
3Q
4Q
FY2015
CyberAgent, Inc. All Rights Reserved.
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5
Game Business THE iDOLM@STER CINDERELLA GIRLS STARLIGHT STAGE *& Dreams 100
Sales Ranking
appeared in the Sales Ranking
***
****
NEW Transition of Sales Ranking
1
1 iDOLM@STER THE CINDERELLA GIRLS STARLIGHT STAGE*
10 DQMSL**
30
NEW
Dreams 100 ***
50
51 GRANBLUE FANTASY Sengoku Enbu -KIZNA-
Jorker ~Gang Road~ 100
9月
3月
9月
*©BANDAI NAMCO Entertainment Inc. It was jointly developed and is operated by ©BANDAI NAMCO Entertainment Inc. and Cygames Inc. **DQMSL:”DRAGON QUEST MONSTERS SUPER LIGHT” © 2014,2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. Developed by Cygames, Inc. ***Dreams 100: 100 Sleeping Princes and the Kingdom of Dreams”
**** “Sales ranking” calculates the App Store top sales ranking from AppDB. Monthly avg. values in ranking is used.
3月
9月 CyberAgent, Inc. All Rights Reserved.
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5
Game Business Comparison of Sales in Game Business
Foundation performing strongly
mixi, Inc.
GungHo Online Entertainment, Inc.
COLOPL, Inc.
gumi Inc. enish, Inc. KLab Inc.
FY2013
FY2014
*Mentioned based on the reference materials for the briefing session for account settlement of each company
FY2015
Ateam Inc. CROOZ, Inc. Drecom Co., Ltd. CAVE Interactive CO., LTD.
CyberAgent, Inc. All Rights Reserved.
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5
Game Business
Competitive Advantages
①
Strong operation
②
High game hit rate of Cygames
③
Horizontal expansion of knowledge within the Group
*Cygames, Inc.: a consolidated subsidiary established in May, 2011
*
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32
6
Ameba Business
(Former Segment)
Ameba Business (Former Segment)
CyberAgent, Inc. All Rights Reserved.
33
6
Ameba Business
(Former Segment)
Yearly Sales
Yearly Operating Profit
Up 0.7% year-on-year
Unit: billion yen
Unit: billion yen
34. 0
5. 78
34.2
Up 86.3% year-on-year
4.25 4. 0
3. 41
30. 0 2. 28
1. 71
24. 8
23. 8
0. 0 FY2010
17. 2
FY2011
FY2012
FY2013
FY2014
FY2015
15. 0
-4. 0
7. 8
0. 0 FY2010
FY2011
FY2012
FY2013
FY2014
FY2015
-8. 0
-7. 82
CyberAgent, Inc. All Rights Reserved.
34
6
Ameba Business
(Former Segment)
Sales: 7.8 billion yen (down
Quarterly Sales
16.4% year-on-year)
Put brakes on decreasing sales trend
Unit: billion yen
9.3
9.0
9.5
8.8
9.0
8.3 7.3
6.1 5.8
6.0
5.7
6.0
5.9
6.1 6.5
Fees Ad vertisin g, Oth er 3.0
3.4
0.5
1.8 0.6
1.7
1.9
3.1
3.7
4.1
3.7
3.8
4.5
5.3
4.5
3.9
2.5 1.5
5.5
5.1
6.1
6.7
4.3
5.4
6.6
6.2 4.0
7.8
7.2
5.4
5.3
7.9
2.2
2.5
1.1
0.8
1.0
1.1
1.1
1Q
2Q
3Q
1.4
1.7
1.7
1.8
1Q
2Q
3Q
2.1
2.0
2.0
2.0
2.1 1.4
1.4
1.5
1Q
2Q
3Q
1.8
1.9
4Q
1Q
2.3
2.1
2Q
3Q
2.7
2.8
2.7
2.5
2.6
4Q
1Q
2Q
3Q
4Q
0.0
FY2010
4Q
FY2011
4Q
1Q
2Q
3Q
FY2012
4Q
FY2013
FY2014
FY2015
CyberAgent, Inc. All Rights Reserved.
35
7
Upfront Investment in FY2016
Upfront Investment in FY2016
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36
7
Upfront Investment in FY2016 New Business
画像取り寄せ中
“AmebaFRESH!” ● Live broadcasting video platform ● Basically free of charge (Monthly charges may be imposed according to channels)
● Stylish design, Simple user interface
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37
7
Upfront Investment in FY2016 New Business
“AbemaTV”
画像取り寄せ中
● Free TV programs viewed via smartphones
● Advertisement model (Time shift and recording function are paid options)
● User can watch it in a passive manner AbemaTV, Inc. is our consolidated subsidiary established on April 16, 2015 by a joint contribution with TV Asahi Corporation.
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38
8
Outlook for FY2016
Outlook for FY2016
CyberAgent, Inc. All Rights Reserved.
39
8
Outlook for FY2016 Operating Profit by Business (Image)
Media Business
Make profits from Internet Ad and Game Businesses
(Ameba)
to invest in Media Business, and aiming to grow it as a new pillar for mid-to-long-term.
Entry to video content business
Shift to smartphone business 事業への転換
Investment in blogs
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40
8
Outlook for FY2016
Grow Media Business as a core pillar for mid-to-long-term
Ad Business
Game Business
Media Business
Stable performance continuing
Foundation in good condition and strong performance expected this Fiscal Year
Upfront investment intensified
(Ameba)
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41
*References PL (Quarter)
Unit: million yen
Jul-Sep 2015
Jul-Sep 2014
YoY Change
Apr-Jun 2015
QoQ Change
Net sales
69,265
57,781
19.9%
61,154
13.3%
Gross margin
24,641
20,895
17.9%
20,679
19.2%
SG&A expenses
18,878
13,549
39.3%
14,425
30.9%
Operating profit
5,763
7,345
-21.5%
6,254
-7.9%
Operating profit margin
8.3%
Ordinary profit
5,038
Extraordinary income
3,069
2
Extraordinary loss
1,761
900
95.7%
613
187.3%
Current net pretax profit
6,346
6,472
-1.9%
5,645
12.4%
Current net profit
2,504
3,734
-32.9%
2,417
3.6%
12.7%
-4.4points
7,370
-31.6% 153350.0%
10.2%
-1.9points
6,256 2
-19.5% 153350.0%
CyberAgent, Inc. All Rights Reserved.
42
*References BS
Unit: million yen
End of Sep 2015
End of Sep 2014
YoY Change
End of Jun 2015
QoQ Change
Current assets
93,532
73,605
27.1%
77,600
20.5%
Cash deposits
38,723
31,446
23.1%
30,713
26.1%
Fixed assets
37,656
26,939
39.8%
38,507
-2.2%
Total assets
131,188
100,545
30.5%
116,108
13.0%
Current liabilities
52,013
36,329
43.2%
38,734
34.3%
(Income tax payable)
10,605
4,604
130.3%
6,063
74.9%
1,472
1,040
41.5%
1,280
15.0%
77,702
63,175
23.0%
76,092
2.1%
Fixed liabilities Net assets
CyberAgent, Inc. All Rights Reserved.
43