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CyberAgent Cancels Planned Company Split Due to Accounting Issues

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CyberAgent Cancels Planned Company Split Due to Accounting Issues

An update from CyberAgent ( (JP:4751) ) is now available.

CyberAgent, Inc. has decided to cancel its planned company split with its subsidiary CyberOwl, Inc., which was intended to transfer the AmebaLIFE business and part of its affiliate operations. This decision follows the discovery of inappropriate accounting practices at CyberOwl, leading to the establishment of an Internal Investigation Committee. The cancellation is expected to have a negligible impact on CyberAgent’s overall business performance.

More about CyberAgent

CyberAgent, Inc. operates in the digital media and internet services industry, primarily focusing on online advertising, internet media, and gaming. The company is known for its Ameba blog service and has a significant presence in the Japanese market.

YTD Price Performance: 25.51%

Average Trading Volume: 3,219

Technical Sentiment Signal: Hold

Current Market Cap: $4.36B

For a thorough assessment of 4751 stock, go to TipRanks’ Stock Analysis page.

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