4751
CyberAgent Inc.
株式会社サイバーエージェント
Services
CyberAgent, Inc., together with its subsidiaries, engages in the internet advertising business in Japan. It operates through Media Business, Internet Advertising Business, Game Business, Investment Development Business, and Other Businesses segments. The company operates Ameba, a video streaming platform with various channels, including 24-hour news, dramas, romance shows, anime, and sports; and WinTicket for internet betting for sports events, such as horse, bicycle, and auto racing, as well as fan community app development and service management; IP works and content; performance; merchandising; and overseas marketing. It also offers AI solutions; creative production; DX business; research and consulting; and smartphone games. In addition, the company engages in news content planning and production; smartphone advertising; creative office planning and management; corporate venture capital; fund establishment and management; crowdfunding; and management of professional soccer teams. CyberAgent, Inc. was incorporated in 1998 and is headquartered in Shibuya, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥874.0B
¥803.0B
¥720.2B
¥710.6B
¥666.5B
Cost of Sales
¥610.0B
¥582.5B
¥527.8B
¥491.4B
¥434.5B
Gross Profit
¥264.1B
¥220.5B
¥192.4B
¥219.2B
¥232.0B
SG&A
¥192.3B
¥178.7B
¥167.8B
¥150.0B
¥127.6B
Operating Income
¥71.7B
¥41.8B
¥24.6B
¥69.1B
¥104.4B
Non-Operating Income
¥1.6B
¥1.8B
¥1.3B
¥999M
¥861M
Dividend Income
¥481M
¥381M
¥374M
¥384M
¥341M
Interest Income
¥400M
¥369M
¥189M
¥139M
¥135M
Non-Operating Expenses
¥1.6B
¥2.1B
¥904M
¥648M
¥548M
Interest Expense
¥428M
¥245M
¥127M
¥54M
¥17M
Ordinary Income
¥71.7B
¥41.5B
¥24.9B
¥69.5B
¥104.7B
Pre-tax Income
¥66.2B
¥30.8B
¥22.5B
¥62.8B
¥100.7B
Income Taxes
¥24.3B
¥10.2B
¥11.6B
¥23.4B
¥34.1B
Current Tax
¥25.9B
¥14.4B
¥12.0B
¥21.2B
¥36.5B
Deferred Tax
¥-1.6B
¥-4.2B
¥-417M
¥2.2B
¥-2.5B
Net Income (owners)
¥31.7B
¥16.2B
¥5.3B
¥24.2B
¥41.6B
Minority Interest
¥10.3B
¥4.4B
¥5.6B
¥15.2B
¥25.1B
Comprehensive Income
¥42.4B
¥26.1B
¥12.7B
¥36.0B
¥65.4B
EBITDA
¥81.7B
¥52.7B
¥33.0B
¥78.2B
¥114.7B
Goodwill Amort. (J-GAAP)
¥856M
¥445M
¥348M
¥360M
¥187M
EPS
¥62.52
¥32.09
¥10.53
¥47.89
¥82.30
Shares Outstanding
506.8M
506.3M
506.2M
505.9M
505.5M
Shares Issued (total)
506.8M
506.3M
506.2M
505.9M
505.7M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.3M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥557.2B
¥520.4B
¥477.8B
¥383.7B
¥382.6B
Current Assets
¥390.2B
¥362.4B
¥351.2B
¥293.9B
¥301.6B
Cash & Deposits
¥229.8B
¥210.0B
¥199.6B
¥165.9B
¥181.5B
Trade Receivables
¥88.5B
¥85.3B
¥83.4B
¥72.4B
—
Inventories
¥6.1B
¥7.9B
¥5.8B
¥3.5B
¥2.6B
Non-Current Assets
¥166.9B
¥158.0B
¥126.5B
¥89.8B
¥80.9B
PP&E
¥32.6B
¥27.3B
¥24.6B
¥19.0B
¥16.7B
Goodwill
¥13.9B
¥14.8B
¥7.1B
¥4.8B
¥5.0B
Intangible Assets
¥56.8B
¥49.3B
¥33.6B
¥22.1B
¥26.4B
Investment Securities
¥46.3B
¥43.5B
¥36.7B
¥22.9B
¥22.1B
Deferred Tax Assets
¥9.9B
¥9.3B
¥7.5B
¥6.8B
¥8.5B
Total Liabilities
¥281.5B
¥266.2B
¥245.9B
¥160.8B
¥188.4B
Current Liabilities
¥177.8B
¥168.2B
¥133.4B
¥130.0B
¥140.7B
ST Debt
¥600M
¥600M
¥3.1B
¥2.4B
¥1.0B
Taxes Payable
¥20.8B
¥9.7B
¥3.1B
¥5.0B
¥29.7B
Non-Current Liabilities
¥103.7B
¥98.0B
¥112.6B
¥30.8B
¥47.7B
Total LT Borrowings
¥52.4B
¥45.7B
¥43.4B
¥3.8B
¥1.2B
Deferred Tax Liab.
¥2.4B
¥2.8B
¥1.0B
¥371M
¥1.3B
Total Equity
¥275.7B
¥254.2B
¥231.9B
¥222.9B
¥194.1B
Capital Stock
¥7.7B
¥7.4B
¥7.4B
¥7.2B
¥7.2B
Capital Surplus
¥12.4B
¥12.3B
¥12.2B
¥11.6B
¥11.2B
Retained Earnings
¥146.3B
¥126.4B
¥117.4B
¥119.2B
¥100.8B
Treasury Stock
¥-1M
¥-1M
¥-1M
¥-1M
¥-67M
AOCI
¥13.7B
¥13.2B
¥7.4B
¥6.2B
¥9.8B
Equity (owners)
¥166.3B
¥146.2B
¥137.0B
¥138.1B
¥119.1B
Minority Interests
¥91.9B
¥92.2B
¥85.4B
¥76.9B
¥63.9B
Total Interest-Bearing Debt ⓘ
¥53.0B
¥46.3B
¥46.5B
¥6.1B
¥2.2B
Net Cash ⓘ
¥176.8B
¥163.7B
¥153.1B
¥159.8B
¥179.2B
NCAV ⓘ
¥108.7B
¥96.2B
¥105.3B
¥133.1B
¥113.2B
NCAV/Share
¥215
¥190
¥208
¥263
¥224
BV/Share
¥328
¥289
¥271
¥273
¥236
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥79.5B
¥53.2B
¥20.8B
¥17.9B
¥109.6B
Interest Paid
¥-426M
¥-245M
¥-127M
¥-54M
¥-17M
Interest Received
¥761M
¥459M
¥418M
¥419M
¥373M
D&A
¥9.1B
¥10.4B
¥8.1B
¥8.7B
¥10.1B
Goodwill Amort.
¥856M
¥445M
¥348M
¥360M
¥187M
Investing CF
¥-30.8B
¥-38.3B
¥-40.3B
¥-31.4B
¥-28.5B
CapEx
—
—
—
—
¥3.8B
Purchase Investments
¥-1.9B
¥-1.3B
¥-11.8B
¥-2.0B
¥-11.0B
Financing CF
¥-33.9B
¥-5.2B
¥53.5B
¥-2.8B
¥374M
Dividends Paid
¥-8.1B
¥-7.6B
¥-7.1B
¥-5.6B
¥-4.3B
LT Debt Repaid
¥-5.8B
¥-1.7B
—
—
—
Free Cash Flow
¥79.5B
¥53.2B
¥20.8B
¥17.9B
¥105.8B
Net Change in Cash
¥15.0B
¥9.3B
¥33.7B
¥-16.0B
¥81.7B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
18.9%
10.7%
3.7%
17.7%
38.1%
ROA
5.9%
3.3%
1.2%
6.3%
10.9%
EPS
¥62.52
¥32.09
¥10.53
¥47.89
¥82.30
DPS
¥17.00
¥16.00
¥15.00
¥14.00
¥11.00
BPS
¥355.17
¥314.73
¥285.31
¥285.15
¥254.98
FCF/Share
¥157
¥105
¥41
¥35
¥209
NCAV/Share
¥215
¥190
¥208
¥263
¥224
Payout Ratio
27.2%
49.9%
142.5%
29.2%
13.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 22
Date Activist Stake Event Flag Demands Source
2026-05-21
Nomura Securities Co.,Ltd.
5.07%
-0.69%
change
Passive
—
2026-02-20
Orbis Investment Management Limited
7.99%
+1.32%
change
Passive
—
2025-12-22
Orbis Investment Management Limited
6.67%
+1.28%
change
Passive
—
2025-12-18
BlackRock Japan Co., Ltd.
5.04%
+1.18%
initial_5pct
Passive
—
2025-11-10
Orbis Investment Management Limited
5.39%
initial_5pct
Passive
—
2025-11-07
Baillie Gifford & Co
3.78%
-3.56%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.59%
-0.77%
change
Passive
—
2025-09-04
Nomura Securities Co.,Ltd.
5.76%
-0.47%
change
Passive
—
2025-02-20
Nomura Securities Co.,Ltd.
6.23%
+0.18%
change
Passive
—
2025-02-06
Baillie Gifford & Co
7.34%
-1.55%
change
Passive
—
2024-12-19
Baillie Gifford & Co
8.89%
-1.05%
change
Passive
—
2024-09-10
Baillie Gifford & Co
9.94%
-1.16%
change
Passive
—
2024-05-21
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.36%
+0.08%
change
Passive
—
2024-04-04
Nomura Securities Co.,Ltd.
6.05%
-0.84%
change
Passive
—
2023-12-20
Nomura Securities Co.,Ltd.
6.89%
-0.82%
change
Passive
—
2023-12-12
Baillie Gifford & Co
11.1%
change
Passive
—
2023-12-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.28%
change
Passive
—
2023-12-05
Nomura Securities Co.,Ltd.
7.71%
+1.33%
change
Passive
—
2023-12-05
BlackRock Japan Co., Ltd.
3.86%
change
Passive
—
2023-11-06
Nomura Securities Co.,Ltd.
6.38%
+0.61%
change
Passive
—
2023-10-18
Nomura Securities Co.,Ltd.
5.77%
-0.78%
change
Passive
—
2023-10-04
Nomura Securities Co.,Ltd.
6.55%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
藤田 晋
84,254,000
16.63%
2
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
78,820,200
15.55%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
33,530,560
6.62%
4
THE BANK OF NEW YORK MELLON
THE BANK OF NEW YORK MELLON 140051(常任代理人 株式会社みずほ銀行決済営業部)
9,225,400
1.82%
5
株式会社嶋村吉洋映画企画
8,748,000
1.73%
6
GOVERNMENT OF NORWAY(常任代理人 シティバンク、エヌ・エイ東京支店)
7,621,896
1.50%
7
JPモルガン証券株式会社
7,578,337
1.50%
8
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
7,347,969
1.45%
9
Northern Trust Company
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT(常任代理人 香港上海銀行東京支店)
6,584,620
1.30%
10
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
6,082,517
1.20%
Domestic Nominees
22.2%
-2.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.8%
-4.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.4%
+1.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
藤田 晋
17.61%
16.62%
16.63%
+0.01%
Japan Master Trust Bank
日本マスタートラスト信託銀行
16.07%
16.77%
15.55%
-1.22%
Japan Custody Bank
日本カストディ銀行
7.63%
7.81%
6.62%
-1.19%
BNY Mellon
2.92%
2.40%
1.82%
-0.58%
式会社嶋村吉洋映画企画
—
1.72%
1.73%
+0.01%
JPモルガン証券
↑
1.28%
1.25%
1.50%
+0.25%
GOVERNMENT OF NORWAY
NEW ENTRY
—
—
—
1.50%
NEW
State Street
3.55%
3.83%
1.45%
-2.38%
Northern Trust
NEW ENTRY
—
—
—
1.30%
NEW
JP Morgan
2.22%
3.49%
1.20%
-2.29%
DAIWA CM SINGAPORE LTD- NOMINEE ROBERT LUKE COLLICK
last seen 2023
Exited Top 10
0.88%
—
—
Concentration (HHI)
ⓘ
655
656
578
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥6,974M
-12% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥6,974M total
FY2023
¥7,936M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Avex Inc.
エイベックス㈱
6,974
5,500,000
7,936
5,500,000
Portfolio total
6,974
7,936
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding