Financialmixi
Consolidated Financial Results for the Three Months Ended June 30, 2014
1 Aug 201410 pages~16 min full read
Mixi, Inc. achieved a major financial turnaround in Q1 2014, reporting net sales of ¥12,718 million, a 493.1% increase compared to the same period in 2013.
See it on page 1The company transitioned from a net loss of ¥253 million in Q1 2013 to a net income of ¥2,919 million for the quarter ending June 30, 2014.
See it on page 4The Media & Content Business was the primary growth driver, with segment net sales surging from ¥1,877 million to ¥11,258 million year-over-year.
See it on page 8The Life Events Business segment also saw significant expansion, with revenue increasing from ¥226 million to ¥1,393 million during the same period.
See it on page 9The company maintains a strong financial position with an equity ratio of 79.4% and cash and deposits exceeding ¥20 billion.
See it on page 3Management issued a revised forecast for the six months ending September 30, 2014, projecting net sales of ¥33,000 million and a net income of ¥8,000 million.
See it on page 2Following a five-for-one stock split on July 1, 2014, the company reported a net income per share of ¥36.32 for the quarter.
See it on page 10Mixi, Inc. reported a significant financial turnaround for the first quarter of the fiscal year ending March 31, 2015, covering the period from April 1 to June 30, 2014. Following a net loss in the previous year’s corresponding quarter, the company achieved a dramatic surge in performance, with net sales increasing by 493.1% to ¥12,718 million. This growth translated into an operating income of ¥4,654 million and a net income of ¥2,919 million, compared to an operating loss of ¥84 million and a net loss of ¥253 million in the same period of 2013.
The primary driver of this expansion was the Media & Content Business segment, which saw its net sales rise from ¥1,877 million to ¥11,258 million year-over-year. The Life Events Business also experienced growth, increasing its revenue from ¥226 million to ¥1,393 million. During this period, the company restructured its reporting segments to better reflect its expanding portfolio, renaming the former Social Net and Find Job! divisions to Media & Content and Life Events, respectively.
The financial position remained robust with total assets growing to ¥31,594 million and an equity ratio of 79.4%. Cash and deposits increased to over ¥20 billion, supported by ¥2,918 million in net cash provided by operating activities. Per-share data reflects a five-for-one stock split executed on July 1, 2014, resulting in a net income per share of ¥36.32 for the quarter.
Looking ahead, the company issued a revised forecast for the six months ending September 30, 2014, projecting net sales of ¥33,000 million and a net income of ¥8,000 million. While the dividend for the first quarter was set at ¥20.00 per share, the year-end dividend forecast remained undecided at the time of the report. These results indicate a successful strategic pivot toward high-growth digital content and diversified internet services.
This financial report details the consolidated results for Koei Tecmo Holdings Co., Ltd. for the first quarter of the fiscal year ending March 31, 2025, covering the period from April 1 to June 30, 2024. The primary purpose of the document is to provide shareholders and the public with an update on the company’s financial health and progress toward its Third Medium-Term Management Plan, which focuses on the management policy of creating and developing global intellectual property. Financial performance for the quarter was mixed. Net sales reached 17.6 billion yen, a 3.8% decrease year-on-year, while operating profit fell 23.8% to 5.7 billion yen. This decline was attributed to a lack of new mobile title launches compared to the previous year and increased costs associated with in-house mobile operations. Conversely, ordinary profit rose 27.3% to 18.7 billion yen, and profit attributable to owners of the parent increased 29.2% to 13.6 billion yen, both reaching record highs for a first quarter. These gains were significantly bolstered by non-operating income, including 5.8 billion yen from the valuation of derivatives and 4.9 billion yen in interest income. The entertainment segment remains the company's core driver, contributing 16.5 billion yen in sales. Key activities included repeat sales of Rise of the Ronin and the continued performance of mobile titles like Nobunaga’s Ambition: Hadou and the licensed Three Kingdoms Tactics, which surpassed 100 million global downloads. Looking ahead, the company is focusing on its "AAA Studio" to ensure a continuous pipeline of large-scale titles, such as the upcoming Dynasty Warriors: Origins. For the full fiscal year, the company forecasts net sales of 90 billion yen and a profit of 30 billion yen, maintaining a neutral but growth-oriented outlook despite short-term fluctuations in operating income.