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CyberAgent, Inc. (TSE: 4751), a Tokyo-based leader in Internet media markets, has announced results for the third quarter ended June 30, 2010.

Net sales for the Group in the third quarter cumulative consolidated period were JPY 70,269 million (up 0.2% from JPY 70,142 million in the same period of the previous year). This constitutes an increase of 16.8% excluding the effects of excluding netprice from the consolidated subsidiaries, due to the steady expansion of business related to Ameba, etc. Increased profits accompanying the transition of Ameba business to profitability and the improved productivity of the Internet advertising agency business allowed operating income to reach JPY 7,038 million (up 146.3% from JPY 2,857 million in the same period of the previous year). Ordinary income reached JPY 7,031 million (up 151.1% from JPY 2,800 million in the same period of the previous year). Quarterly net income reached JPY 4,871 million (up 329.6% from JPY 1,134 million in the same period of the previous year) as a result of recording of tax expenses, etc.

A portion of shares of stock in netprice.com, Ltd. were surrendered in the first quarter consolidated cumulative period from the standpoint of selection and concentration, and our business portfolio was reviewed and reworked, including the conversion to an associated company accounted for by the equity method

1) Consolidated Financial Results for the Third Quarter Ended June

Source: JCN Newswire