CyberAgent (4751) Q4 2026 earnings summary

Executive summary

• FY2026 net sales rose 11.1% to ¥970.6bn and operating income increased 7.7% to ¥77.2bn; parent-attributable net income reached a record ¥43.0bn, up 35.8%.

• Sales grew for 29 consecutive years; operating income increased for three consecutive fiscal years and exceeded the initial FY2026 forecast.

Financial highlights

• FY2026 gross profit was ¥292.7bn, up 10.8%; ordinary income was ¥78.9bn, up 10.0%, and operating margin was 8.0%, down 0.2pt YoY.

• Q4 net sales rose 8.0% YoY to ¥261.3bn, while operating income fell 57.2% to ¥9.8bn; gross profit declined 10.1% to ¥72.6bn.

• Year-end special incentives and bonuses were paid.

Outlook and guidance

• FY2027 forecast: net sales ¥1,070bn (+10.2%), operating income ¥66bn (-14.6%), ordinary income ¥66bn (-16.3%) and parent-attributable net income ¥35bn (-18.6%).

• The forecast reflects current visibility and carries risks of material variance; a 20% ROE benchmark applies from FY2027, excluding extraordinary losses and other exceptional factors.

• FY2027 dividend forecast is ¥22 per share, with DOE maintained at 5%.