Independent Assurance Report
To the Representative Director and CEO of CyberAgent, Inc.
We were engaged by CyberAgent, Inc. (the “Company”) to undertake a limited assurance engagement of the environmental
performance indicators marked with ★ (the “Indicators”) for the period from October 1, 2022 to September 30, 2023 included in
its “CO2 Emissions Data” webpage (https://www.cyberagent.co.jp/en/sustainability/info/detail/id=29947) (the “Webpage”) for thefiscal year ended September 30, 2023.
The Company’s Responsibility
The Company is responsible for the preparation of the Indicators in accordance with its own reporting criteria (the “Company’sreporting criteria”), as described in the Webpage.
Our Responsibility
Our responsibility is to express a limited assurance conclusion on the Indicators based on the procedures we have performed. We
conducted our engagement in accordance with the ‘International Standard on Assurance Engagements (ISAE) 3000, Assurance
Engagements other than Audits or Reviews of Historical Financial Information’ and the ‘ISAE 3410, Assurance Engagements on
Greenhouse Gas Statements’ issued by the International Auditing and Assurance Standards Board. The limited assuranceengagement consisted of making inquiries, primarily of persons responsible for the preparation of information presented in theWebpage, and applying analytical and other procedures, and the procedures performed vary in nature from, and are less in extent
than for, a reasonable assurance engagement. The level of assurance provided is thus not as high as that provided by a reasonableassurance engagement. Our assurance procedures included:
 Interviewing the Company’s responsible personnel to obtain an understanding of its policy for preparing the Webpage andreviewing the Company’s reporting criteria.
 Inquiring about the design of the systems and methods used to collect and process the Indicators.
 Performing analytical procedures on the Indicators.
 Examining, on a test basis, evidence supporting the generation, aggregation and reporting of the Indicators in conformity with
the Company’s reporting criteria, and recalculating the Indicators.
 Making inquiries and reviewing materials including documented evidence of the Company’s headquarter selected on the basisof a risk analysis, as alternative procedures to site visits.
 Evaluating the overall presentation of the Indicators.
ConclusionBased on the procedures performed, as described above, nothing has come to our attention that causes us to believe that theIndicators in the Webpage are not prepared, in all material respects, in accordance with the Company’s reporting criteria asdescribed in the Webpage.
Our Independence and Quality Management
We have complied with the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for
Accountants, which includes independence and other requirements founded on fundamental principles of integrity, objectivity,
professional competence and due care, confidentiality and professional behavior. In accordance with International Standard on
Quality Management 1, we design, implement and operate a system of quality management including policies or procedures
regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
/s/ Keisuke Inoue, Director
KPMG AZSA Sustainability Co., Ltd.
Tokyo, Japan
March 29, 2024
Notes to the Reader of Independent Assurance Report:
This is a copy of the Independent Assurance Report and the original copies are kept separately by the Company and KPMG AZSA Sustainability Co., Ltd.