Overview
Services

CyberAgent,Inc.

CyberAgent operates across four core segments: Media & IP (including internet TV platform ABEMA and blog/media platform Ameba), Internet Advertising, Games (through subsidiaries such as Cygames), and Investment & Incubation. The company is one of Japan's leading internet companies, combining a major streaming media presence with a dominant digital advertising business and a portfolio of hit mobile/online games. Its competitive strengths lie in its integrated ecosystem of media content, advertising technology, and AI-driven product development.

Market Cap
¥656B
US$4.18B
EV
¥584B
US$3.72B
Stock¥1,294▼-1.48%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
5.5
x
LTM PER
15.1
x
LTM PBR
3.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.0%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25FY2026/9 guidance: net profit to fall 5-21% YoY; founder Fujita to step down as president
2Feb 9, 26Q1 FY26 earnings: net income 2.5x YoY to ¥12.46bn, beat consensus ¥10.6bn
3May 19, 26Q2 earnings: net income +72% YoY, operating profit +80%, revenue +14%
4Aug 10, 26Q3 FY2026/09 earnings announced
MC → EV Bridge
656BUS$4.18BMarket Cap96.9BUS$618M+ Debt212BUS$1.35B− Cash46.3BUS$295M− Inv. Sec.88.9BUS$567M+ NCI584BUS$3.72BEV
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Performance & Balance
Revenue 5Y (¥B)
666US$4.25B'21/9710US$4.53B'22/9719US$4.59B'23/9801US$5.11B'24/9874US$5.57B'25/9
EBITDA 5Y (¥B)
114US$728M'21/976.2US$486M'22/930.5US$194M'23/950.5US$322M'24/980.8US$515M'25/9
Net Income 5Y (¥B)
41.2US$263M'21/922.9US$146M'22/93.54US$22.6M'23/916.0US$102M'24/931.7US$202M'25/9
Capital Structure
68%
32%
EquityD/E 0.47xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
204US$1.30B2.21US$14.1M'21/9189US$1.20B6.13US$39.1M'22/9236US$1.51B107US$683M'23/9254US$1.62B111US$708M'24/9276US$1.76B95.0US$606M'25/9
Shareholders
Top 10 hold 51.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.83%
2
Susumu FUJITA
16.61%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.46%
4
CEP LUX-ORBIS SICAV (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.98%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
2.11%
6
Shimamura Yoshihiro Eiga Kikaku Co., Ltd.
1.73%
7
JP JPMSE LUX RE BARCLAYS CAPITAL SEC LTD EQ CO (Standing Proxy: MUFG Bank, Ltd.)
1.47%
8
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.35%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.21%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.19%
Management
10 officers
Susumu FUJITA
Representative Director, Chairman
Apr 1997 Joined Intelligence Co., Ltd. Mar 1998 Founded the Company; assumed office as Representative Director, President (current) Apr 2015 Assumed office as Representative Director, AbemaTV, Inc. (current) Dec 2022 Assumed office as Representative Director, Zelvia Co., Ltd. (current) Dec 2025 Assumed office as Representative Director, Chairman of the Company (current)
1973-05-16
Takahiro YAMAUCHI
Representative Director, President
Apr 2006 Joined the Company Apr 2009 Assumed office as Representative Director, CyberZ, Inc. (current) Dec 2012 Assumed office as Director of the Company Oct 2018 Assumed office as Managing Director of the Company Dec 2020 Assumed office as Senior Executive Officer of the Company Sep 2023 Assumed office as Director and COO, AbemaTV, Inc. (current) Dec 2025 Assumed office as Representative Director, President of the Company (current)
1983-08-20
Yusuke HIDAKA
Director, Executive Officer, Vice President
Apr 1997 Joined Intelligence Co., Ltd. Mar 1998 Founded the Company; assumed office as Managing Director Oct 2010 Assumed office as Director and Vice President of the Company (current) May 2011 Assumed office as Director, Cygames, Inc. (current) Oct 2020 Assumed office as Executive Officer of the Company (current)
1974-04-02
Go NAKAYAMA
Director, Senior Managing Executive Officer
Apr 1998 Joined Sumitomo Corporation Aug 1999 Joined the Company Dec 2003 Assumed office as Director of the Company Apr 2006 Assumed office as Managing Director of the Company Jul 2015 Assumed office as Director, Makuake Inc. (current) Oct 2020 Assumed office as Director and Senior Managing Executive Officer of the Company (current) Jul 2021 Assumed office as Director, REALGATE Inc. (current)
1975-11-02
Yuko ISHIDA
Director, Senior Managing Executive Officer
Apr 2004 Joined the Company Feb 2013 Representative Director, Pashaoku Inc. Sep 2014 Representative Director, Woman&Crowd Co., Ltd. Oct 2016 Assumed office as Executive Officer of the Company Dec 2020 Assumed office as Senior Managing Executive Officer of the Company Dec 2025 Assumed office as Director and Senior Managing Executive Officer of the Company (current)
1981-07-15
Koichi NAKAMURA
Director
Apr 1981 Joined Nihon Recruit Center Co., Ltd. (now Recruit Holdings Co., Ltd.) Jun 1999 Assumed office as Director, Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2008 Assumed office as Vice President and Director, Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2012 Assumed office as Director and Senior Advisor, Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Jun 2014 Retired as Director and Senior Advisor, Recruit Holdings Co., Ltd. Dec 2016 Assumed office as Outside Director of the Company (current)
1957-11-07
Kozo TAKAOKA
Director
Apr 1983 Joined Nestlé Japan Ltd. Jan 2005 Assumed office as Representative Director, President, Nestlé Confectionery Co., Ltd. (merged into Nestlé Japan Ltd. on Jan 1, 2010) Jan 2010 Assumed office as Representative Director and Vice President, Beverages Business Unit Head, Nestlé Japan Ltd. Nov 2010 Assumed office as Representative Director, President and CEO, Nestlé Japan Ltd. Apr 2015 Assumed office as Representative Director, K and Company Co., Ltd. (current) Aug 2019 Assumed office as Representative Director, KT Digital Co., Ltd. (current) Mar 2020 Retired as Representative Director, President and CEO, Nestlé Japan Ltd. Dec 2020 Assumed office as Outside Director of the Company (current)
1960-03-30
Toko SHIOTSUKI
Director, Full-time Audit and Supervisory Committee Member
Apr 1996 Joined Japan Airlines Co., Ltd. Oct 1999 Passed the Second Stage of the Certified Public Accountant Examination Jul 2000 Assumed office as Audit & Supervisory Board Member of the Company Dec 2017 Assumed office as Director (Audit and Supervisory Committee Member) of the Company (current)
1973-01-09
Tomoki NAKAMURA
Director, Audit and Supervisory Committee Member
Nov 1996 Passed the National Bar Examination Apr 1999 Registered as attorney (Tokyo Bar Association); joined Nagaishi Ichiro Law Office (current) Apr 2017 Assumed office as Civil Litigation Instructor, Legal Training and Research Institute Jun 2019 Assumed office as Audit & Supervisory Board Member, MM Corporation Co., Ltd. (current) Dec 2021 Assumed office as Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1973-10-19
Takahiro KAMISAKI
Director, Audit and Supervisory Committee Member
Feb 2010 Joined Azsa LLC Nov 2013 Established Kepple Accounting Office Feb 2015 Established Kepple Co., Ltd.; assumed office as Representative Director (current) Mar 2017 Assumed office as Outside Audit & Supervisory Board Member, Jmoty Inc. (current) Apr 2023 Assumed office as Outside Director, Imabari Yume Sports Co., Ltd. (current) May 2023 Established Kepple Group Co., Ltd.; assumed office as Representative Director (current) Dec 2025 Assumed office as Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1986-12-25
Large Shareholding Reports
Orbis Investment Management Limited
2026-10-07
5.97%→4.90%
Amova Asset Management Co., Ltd.
2026-07-06
2.91%
Nomura Asset Management Co., Ltd.
2026-05-21
4.28%→4.60%
Orbis Investment Management Limited
2026-02-20
6.67%→7.99%
Orbis Investment Management Limited
2025-12-22
5.39%→6.67%
BlackRock Japan Co., Ltd.
2025-12-18
1.75%
Orbis Investment Management Limited
2025-11-10
5.39%
Baillie Gifford & Co
2025-11-07
4.63%→2.48%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.03%→2.35%
Nomura Asset Management Co., Ltd.
2025-09-04
5.61%→4.28%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-07
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-13
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINETAmended
2026-04-15
Amended Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-06
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-24
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-12-24
Amended Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINETAmended
2025-12-24
Amended Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINETAmended
2025-12-24
Amended Annual Securities Report
Period: Oct 2021 – Sep 2022
EDINETAmended
2025-12-24
Amended Annual Securities Report
Period: Oct 2020 – Sep 2021
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINETAmended
2025-05-15
Amended Annual Securities Report
Period: Oct 2019 – Sep 2020
EDINETAmended
2025-05-15
Amended Annual Securities Report
Period: Oct 2021 – Sep 2022
EDINETAmended
2025-05-15
Amended Annual Securities Report
Period: Oct 2020 – Sep 2021
EDINETAmended
2025-05-15
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2025-05-15
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2025-05-15
Amended Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINETAmended
2025-05-15
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-05-15
Amended Quarterly Securities Report
Period: Apr 2022 – Jun 2022
TDnetAmended
2025-05-15
Q1 Earnings Flash
FY ending Sep 2025
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