{"id":39112,"date":"2024-10-30T17:18:44","date_gmt":"2024-10-30T08:18:44","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=39112"},"modified":"2025-01-29T16:42:00","modified_gmt":"2025-01-29T07:42:00","slug":"cygames-parent-reports-record-breaking-sales-and-204-7-increase-in-profit","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/cygames-parent-reports-record-breaking-sales-and-204-7-increase-in-profit\/","title":{"rendered":"Cygames parent reports record-breaking sales and 204.7% increase in profit\u00a0"},"content":{"rendered":"\n

CyberAgent, the parent company of Granblue Fantasy developer Cygames, published their consolidated earnings report for the full fiscal year ending on September 30, 2024 (source: GameBiz<\/a>). <\/p>\n\n\n\n

According to the report, the company saw record-breaking sales (up by 11.5% compared to last year) as well as a 204.7% year-on-year increase in net profit. A large part of this is owed to CyberAgent\u2019s successful internet advertising sector, but the company also highlighted the strong performance of its video game sector. <\/p>\n\n\n\n

The combined net sales from CyberAgent\u2019s game developers (Cygames, Colorful Palette, QualiArts and Applibot) were up 9.4% compared to last year, and operating profit rose by 34.6% thanks the performance of new hits (such as Granblue Fantasy: Relink, Gakuen Idolmaster and Jujutsu Kaisen Parade) as well as past titles.\u00a0<\/p>\n\n\n\n

It might be of interest to mention that as of June this year, CyberAgent also owns game developer Nitroplus<\/a>, which is, thanks to the acquisition, currently working on game titles it had previously abandoned due to insufficient resources.<\/p>\n\n\n\n

CyberAgent\u2019s forecast for the fiscal year ending September 2025 is as follows: <\/p>\n\n\n\n

Net sales: 820 billion yen (up 2.1% year-on-year)\u00a0
Operating profit: 42.0 billion yen (up 0.4% year-on-year)\u00a0
Ordinary profit: 42 billion yen (up 1.3% year-on-year)\u00a0
Net profit: 21.0 billion yen (up 29.3% year-on-year)\u00a0<\/p>\n\n\n\n

Operating profit is not expected to grow significantly because it will absorb one-time expenses for console games made in fiscal year 2024. <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Cygames’s parent company CyberAgent reports large increase in net sales and profit, including their video game sector.<\/p>\n","protected":false},"author":55,"featured_media":39115,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[261,17],"class_list":["post-39112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-financial-news","tag-japan-related-news"],"blocksy_meta":[],"yoast_head":"\nCygames parent reports record-breaking sales and 204.7% increase in profit\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Cygames's parent company CyberAgent reports large increase in net sales and profit, including their video game sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/cygames-parent-reports-record-breaking-sales-and-204-7-increase-in-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cygames parent reports record-breaking sales and 204.7% increase in profit\u00a0 - 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