Financialmixi
Consolidated Financial Results for the Three Months Ended June 30, 2018: Japan
9 pages~15 min full read
Mixi, Inc. experienced a significant downturn in Q1 2018 (April 1 to June 30), with net sales falling 28.3% to ¥34,561 million and operating income dropping 45.4% to ¥11,029 million compared to the same period in 2017.
See it on page 1Profit attributable to owners of the parent declined by 46.8% year-over-year to ¥7,294 million, resulting in basic earnings per share falling from ¥172.95 to ¥94.94.
See it on page 2The company's FY2019 full-year forecast anticipates continued contraction, projecting net sales of ¥175,000 million and operating income of ¥48,000 million, representing declines of 7.5% and 33.7% respectively.
See it on page 2Total assets decreased to ¥178,800 million from ¥192,123 million, while cash and cash equivalents fell to ¥141,755 million during the quarter.
See it on page 3Mixi repurchased 2,795,800 treasury shares during the quarter, bringing total treasury holdings to ¥11,450 million.
See it on page 7The company maintained its dividend policy with no annual dividends declared for FY2018 and a forecast of ¥62 million per quarter for FY2019.
See it on page 1The financial results maintain a strong equity ratio of 91.2% despite the overall decline in net assets to ¥163,611 million.
See it on page 1The quarterly report presents mixi, Inc.’s consolidated financial performance for the three months ended June 30 2018, covering April 1 to June 30. Net sales fell 28.3 % to ¥34,561 million from ¥48,229 million in the same period a year earlier, while operating income dropped 45.4 % to ¥11,029 million from ¥20,209 million. Ordinary income and profit attributable to owners of parent declined 45.2 % and 46.8 %, respectively, reaching ¥7,294 million. Comprehensive income for the quarter was ¥7,622 million, a 44.3 % decrease from the prior year’s ¥13,696 million. Earnings per share fell to ¥94.94 (basic) and ¥94.77 (diluted) from ¥172.95 and ¥172.66 a year earlier.
Total assets decreased to ¥178,800 million from ¥192,123 million, with net assets at ¥163,611 million and an equity ratio of 91.2 %. Cash and cash equivalents declined to ¥141,755 million from ¥156,190 million. The company repurchased 2,795,800 treasury shares during the quarter, increasing treasury holdings to ¥11,450 million. Dividend policy remained unchanged; no annual dividends were declared for FY2018, and a forecast of ¥62 million per quarter was maintained for FY2019.
The report includes full consolidated statements, segment information (Entertainment and Lifestyle), and notes on accounting changes, such as the adoption of new tax effect accounting standards. The forecast for FY2019 projects net sales of ¥175,000 million and operating income of ¥48,000 million, representing declines of 7.5 % and 33.7 %, respectively. The document is limited to Japan, covering a single fiscal quarter within the 2018 calendar year, and relies on Japanese GAAP without external audit review.
