Financialmixi
Consolidated Financial Results for the Three Months Ended June 30, 2023: Japan
10 pages~13 min full read
MIXI, Inc. reported a significant decline in Q1 FY2024 performance, with operating income falling 59.6% to ¥2.2 billion and net sales dropping 5.9% to ¥29.2 billion.
See it on page 1Profitability contracted sharply during the quarter, as evidenced by a 50.6% decrease in EBITDA to ¥3.3 billion and a drop in earnings per share from ¥48.6 to ¥18.1.
See it on page 2The Digital Entertainment Business remains the company's primary revenue driver, heavily reliant on the performance of its flagship title, Monster Strike.
See it on page 9The Sports and Lifestyle business segments recorded losses during the quarter, while the Investment segment remained neutral.
See it on page 9Full-year FY2024 projections anticipate continued downward pressure, with forecasted net sales of ¥138 billion (down 6.0%) and operating income of ¥12 billion.
See it on page 2The company maintains a strong balance sheet with an equity ratio of 83.1% and total assets of ¥211 billion, despite a reduction in shareholders’ equity to ¥174 billion following share repurchases.
See it on page 3Management has made no revisions to dividend policies or financial guidance for the remainder of the fiscal year.
See it on page 1MIXI, Inc. reports a decline in consolidated operating performance for the first quarter of fiscal 2024 (April 1–June 30, 2023). Net sales fell to ¥29.2 billion from ¥31.0 billion, a 5.9 % drop, while EBITDA contracted by 50.6 % to ¥3.3 billion and operating income fell 59.6 % to ¥2.2 billion. Ordinary income attributable to the parent decreased 56.0 % to ¥1.3 billion, and comprehensive income declined 58.9 % to ¥1.5 billion. Earnings per share dropped from ¥48.6 in the same period a year earlier to ¥18.1, reflecting reduced profitability.
Total assets decreased modestly to ¥211 billion from ¥222 billion, with net assets at ¥178 billion and an equity ratio of 83.1 %. Treasury shares increased to 6.33 million, driven by a repurchase of 1.08 million shares and option exercise, reducing shareholders’ equity to ¥174 billion.
Segment analysis shows the Digital Entertainment Business remains the primary revenue driver, with Monster Strike contributing the bulk of sales. The Sports and Lifestyle segments recorded losses, while the Investment segment remained neutral.
For FY 2024, MIXI forecasts net sales of ¥138 billion (down 6.0 %) and EBITDA of ¥16 billion (down 45.7 %). Operating income is projected at ¥12 billion, ordinary income at ¥11 billion, and earnings per share at ¥7.5. No revisions to dividend or forecast guidance were announced.
The report covers Japan‑based operations, uses Japanese GAAP, and is based on a quarterly consolidation of the group’s subsidiaries. No significant accounting policy changes or restatements were noted.
