Financialmixi
Consolidated Financial Results for the Three Months Ended June 30, 2015
1 Aug 201512 pages~21 min full read
Mixi, Inc. experienced massive growth in Q1 of the fiscal year ending March 31, 2016, with net sales reaching ¥50,080 million, a 293.8% increase year-over-year.
See it on page 1Operating income surged 423.1% to ¥24,345 million, while profit attributable to owners of the parent rose 446.8% to ¥15,960 million.
See it on page 4The Entertainment Business, anchored by the flagship title Monster Strike, was the primary driver of success, generating ¥47,002 million in sales and ¥25,024 million in segment income.
See it on page 9The company restructured into two segments—Entertainment and Media Platform—following the 2015 acquisitions of Hunza, Inc. and MUSE & Co., Ltd.
See it on page 10Financial stability improved significantly, with the equity ratio rising to 65.6% from 51.4% at the end of the previous fiscal year.
See it on page 1Post-quarter, the company raised approximately ¥17,560 million through an overseas share offering to fund acquisition-related loan repayments and Entertainment Business advertising.
See it on page 12Management forecasts full-year results of ¥185,000 million in net sales and ¥52,000 million in profit.
See it on page 2This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2016, covering the period from April 1, 2015, to June 30, 2015. The findings reveal a period of massive growth for the Japanese company, primarily driven by the expansion of its Entertainment Business. Net sales reached ¥50,080 million, representing a 293.8% increase over the same period in the previous year. Operating income rose by 423.1% to ¥24,345 million, while profit attributable to owners of the parent surged 446.8% to ¥15,960 million.
The report highlights a strategic shift in business segments following the acquisition of Hunza, Inc. and MUSE & Co., Ltd. in early 2015. The company now operates under two primary segments: the Entertainment Business, which includes the flagship title Monster Strike, and the Media Platform Business, which encompasses mixi.jp and newly acquired e-commerce and ticketing services. The Entertainment Business was the dominant contributor to the quarter's success, accounting for ¥47,002 million in net sales and ¥25,024 million in segment income. In contrast, the Media Platform Business contributed ¥3,078 million in sales.
Financial stability remains strong, with total assets valued at ¥98,721 million and an equity ratio of 65.6%, up from 51.4% at the end of the previous fiscal year. Cash flows from operating activities saw a net use of ¥4,542 million, largely due to a significant income tax payment of ¥22,897 million. Subsequent to the quarter's end, the company raised approximately ¥17,560 million through an overseas offering of new shares and treasury shares. These funds are earmarked for the repayment of loans related to recent acquisitions and for future advertising expenses within the Entertainment Business. For the full fiscal year, the company forecasts net sales of ¥185,000 million and a profit of ¥52,000 million.
