Mixi, Inc. reported stable Q1 FY2018 results with net sales of ¥48,229 million, a 1.9% year-over-year increase, and profit attributable to owners of the parent of ¥13,713 million.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": Mixi, Inc. reported stable Q1 FY2018 results with net sales of ¥48,229 million, a 1.9% year-over-year increase, and profit attributable to owners of the parent of ¥13,713 million.

The Entertainment Business remains the primary revenue driver, generating ¥44,981 million in sales and ¥21,081 million in segment profit, significantly outperforming the Media Platform Business.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": The Entertainment Business remains the primary revenue driver, generating ¥44,981 million in sales and ¥21,081 million in segment profit, significantly outperforming the Media Platform Business.

Despite a steady first quarter, the company projects a conservative full-year outlook with anticipated declines of 3.5% in net sales and 21.4% in operating income by March 2018.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": Despite a steady first quarter, the company projects a conservative full-year outlook with anticipated declines of 3.5% in net sales and 21.4% in operating income by March 2018.

The company maintains a strong balance sheet with an equity ratio of 85.7% and total assets valued at ¥175,816 million as of June 30, 2017.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": The company maintains a strong balance sheet with an equity ratio of 85.7% and total assets valued at ¥175,816 million as of June 30, 2017.

Between May and July 2017, Mixi executed treasury share repurchases totaling over 1.5 million shares for approximately ¥10 billion.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": Between May and July 2017, Mixi executed treasury share repurchases totaling over 1.5 million shares for approximately ¥10 billion.

In August 2017, the Board of Directors resolved to retire 1,447,200 treasury shares and approved the issuance of share remuneration-type stock options for directors.

According to "Consolidated Financial Results for the Three Months Ended June 30, 2017": In August 2017, the Board of Directors resolved to retire 1,447,200 treasury shares and approved the issuance of share remuneration-type stock options for directors.

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Key Insights

Consolidated Financial Results for the Three Months Ended June 30, 2017

mixi~15 min full read

01
Mixi, Inc. reported stable Q1 FY2018 results with net sales of ¥48,229 million, a 1.9% year-over-year increase, and profit attributable to owners of the parent of ¥13,713 million.
02
The Entertainment Business remains the primary revenue driver, generating ¥44,981 million in sales and ¥21,081 million in segment profit, significantly outperforming the Media Platform Business.
03
Despite a steady first quarter, the company projects a conservative full-year outlook with anticipated declines of 3.5% in net sales and 21.4% in operating income by March 2018.
04
The company maintains a strong balance sheet with an equity ratio of 85.7% and total assets valued at ¥175,816 million as of June 30, 2017.
05
Between May and July 2017, Mixi executed treasury share repurchases totaling over 1.5 million shares for approximately ¥10 billion.
06
In August 2017, the Board of Directors resolved to retire 1,447,200 treasury shares and approved the issuance of share remuneration-type stock options for directors.

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