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CyberAgent Q1 FY15 sales up 4% to $119 million

Profit growth of 39% predicted for the year
CyberAgent Q1 FY15 sales up 4% to $119 million
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Japanese internet outfit CyberAgent (TYO:4751) has announced its Q1 FY15 financials, for the three months ending 31 December 2014.

Across the entire company, sales were $529 million (¥63.4 billion), up 45 percent year-on-year.

Operating profit was $104 million (¥12.5 billion), up 2.9 times compared to Q1 FY14.

Group approach

Breaking out games sales, revenue was $119 million (¥14.3 billion) , up 26 percent year-on-year, or 4 percent quarter-on-quarter.

Operating profit from games was $29 million, (¥3.5 billion), up 70 percent.

CyberAgent's game business continues to grow
CyberAgent's game business continues to grow

CyberAgent has a number of different divisions including mobile games developers such as Cygames, Applibot and Sumzap, and its girl-oriented Ameba social mobile/PC platform, which also includes native and browser games.

On the up

Key performer during the quarter was Granblue Fantasy, which is also published via DeNA's Mobage platform, and was the 5th top grossing iPhone game on 1 January 2015.

However, in total, CyberAgent released six games during the quarter including Monster Puzzle Adventure and Tokyo Mad Carnival (both developed by Craft Egg), and Million Saga (Playmotion).

It plans to release a further five games before the end of March, including Little Noah (BlazeGames).

The result is that during the current financial year, CyberAgent expects the operating profit generated by its games business to grow 39 percent to $75 million (¥9 billion).

[source: CyberAgent IR]