mixi, Inc. experienced significant growth in the fiscal year ended March 31, 2016, with net sales increasing by 84.9% to ¥208,799 million, operating income up 80.4% to ¥95,033 million, and profit attributable to owners of parent rising 85.1% to ¥61,022 million.
02
The company's cash and deposits more than doubled, growing from ¥65,413 million in FY2015 to ¥126,316 million in FY2016, indicating strong cash generation.
03
Net cash provided by operating activities increased substantially from ¥49,921 million in FY2015 to ¥69,060 million in FY2016.
04
Goodwill, primarily from the acquisition of Hunza, Inc., was a significant intangible asset, initially ¥11,934 million and finalized at ¥11,577 million after revisions, and is being amortized over 8 years.
05
mixi plans to repurchase up to 3,000,000 shares (3.56% of total outstanding shares) for a maximum of ¥10,000,000,000 between May 11, 2016, and September 30, 2016, via market purchases on the Tokyo Stock Exchange.
06
The company adopted revised accounting standards for business combinations, consolidated financial statements, and business divestitures starting from the fiscal year ended March 31, 2016.
07
mixi Group recorded an impairment loss of ¥190 million on goodwill related to mixi research, Inc. in the Media Platform Business during the fiscal year ended March 31, 2015, due to unfulfilled revenue expectations.
Insights
01
mixi, Inc. experienced significant growth in the fiscal year ended March 31, 2016, with net sales increasing by 84.9% to ¥208,799 million, operating income up 80.4% to ¥95,033 million, and profit attributable to owners of parent rising 85.1% to ¥61,022 million.
02
The company's cash and deposits more than doubled, growing from ¥65,413 million in FY2015 to ¥126,316 million in FY2016, indicating strong cash generation.
03
Net cash provided by operating activities increased substantially from ¥49,921 million in FY2015 to ¥69,060 million in FY2016.
04
Goodwill, primarily from the acquisition of Hunza, Inc., was a significant intangible asset, initially ¥11,934 million and finalized at ¥11,577 million after revisions, and is being amortized over 8 years.
05
mixi plans to repurchase up to 3,000,000 shares (3.56% of total outstanding shares) for a maximum of ¥10,000,000,000 between May 11, 2016, and September 30, 2016, via market purchases on the Tokyo Stock Exchange.
06
The company adopted revised accounting standards for business combinations, consolidated financial statements, and business divestitures starting from the fiscal year ended March 31, 2016.
07
mixi Group recorded an impairment loss of ¥190 million on goodwill related to mixi research, Inc. in the Media Platform Business during the fiscal year ended March 31, 2015, due to unfulfilled revenue expectations.