004

CEOMessage

005

Following our vision "to create the 21st century's leading

technologies since the establishment of "AI Lab," an AI researchcompany," CyberAgent has continued to expand its businessand development organization in 2016. These include thesince its inception.

development of projects using generative AI, especially in ourWhile we revised the forecast downward in fiscal 2023 due toadvertising business, as well as the release of a proprietary

lower-than-expected sales of highly profitable titles in our game

Japanese language LLM (Large Language Model). Goingbusiness, we also made several strategic moves aimed at future

forward, we intend to improve productivity, including work

income and profit growth. In our media business, we made aefficiency, through company-wide deployment of the generative

major investment in the FIFA World Cup Qatar 2022, which was

AI technologies that we have developed.

streamed for free through ABEMA; in our advertising business,
we continued to advance our AI and DX initiatives; and in ourWith regard to the succession planning, which began ingame business, we have been developing new game titles. AsFY2022, we have selected 16 candidates who are currently

these efforts are gradually realized, we remain committed toundergoing training. Our focus is on "creating a company thatgrowing revenues and profits from FY2024 onwards, which we

can be entrusted to the next generation" rather than "who isbelieve will lead to an increase in our share price.

chosen." To achieve this, I am preparing for a seamless
handover of responsibilities by putting into words the business

ABEMA, the TV for the Future, celebrated its 7th anniversary

decisions that have been made based on my own experiencesince being launched. It has not only increased its viewership toand sensibilities while also putting decision criteria into aover 20 million WAUs*, including the streaming of the FIFAvisually understandable format.

World Cup in November 2022 but has also established itself asa social infrastructure for connecting anytime, anywhere. OurMarch 2023 marked the 25th anniversary of CyberAgent, whichinvestment in ABEMA, which we previously estimated would

has continued to increase revenues for 26 fiscal years, and intake ten years to complete, has entered a phase of deficit

addition to pursuing sustainable growth, we remain committed

reduction, and we believe we are turning the final corner.

to our purpose of "breaking through stagnation with new power
and the internet."

In the field of AI, which has attracted widespread interest, wehave been actively developing business initiatives that use new* WAU: Weekly Ac tive User sSusumu Fujita Representative Director

CEO MESS AGE006

VisionTo create the 21st century's leading company

007

CyberAgent's Value Creation Model

Focusing on the internet, a high-growth industry,
CyberAgent pursues sustainable growthby taking advantage of its adaptability to change.

Risks
Superior
Creation

Adaptability
tochange

Superior
Technology

Superior
TalentExternal
Environment

Sustainablebusiness
growthContribution
to localcommunities

To createthe 21st century's
leading company

008

Business Model

We are expanding our business model primarily in the areas of media, internet
advertising, and game businesses.
In each of our businesses, we are engaged in creating sustainable value byleveraging our technological and operational advantages to create content, attractclients, and improve our marketing and sales capabilities.

Media
BusinessInternet Ad
BusinessOutcome

Economicvalue
Sales
ProfitCash

FY2023
Sales :720.2
billion yen
F Y2022
売上高 7,000 億円

OutcomeSocialvalue
Creation of new industries
Employment promotion

Game
Business

New information infrastructures
Development of IT TalentEntertainment provision

009

Diversified Businesses that Support Long-Term Growth* Our Major Products and Services at a Glance (As of September 30, 2023)