Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2020
1 Feb 20219 pages~14 min full read
Mixi, Inc. reported a 21.2% year-over-year increase in net sales to ¥87,737 million for the nine months ended December 31, 2020.
See it on page 3Operating income surged 405.9% to ¥15,461 million, while profit attributable to owners of the parent rose to ¥10,433 million from ¥402 million in the prior year.
See it on page 5The Digital Entertainment Business remains the primary profit driver, contributing ¥74,027 million in sales and ¥31,731 million in segment profit.
See it on page 8The Sports Business generated ¥8,866 million in revenue but recorded a segment loss of ¥4,448 million, while the Lifestyle Business neared break-even with a ¥22 million loss.
See it on page 8The company maintains a strong financial position with an equity ratio of 84.5% and cash and deposits totaling ¥144,240 million.
See it on page 1Full-year forecasts anticipate net sales of ¥120,000 million and a profit of ¥13,000 million, with an annual dividend maintained at ¥110 per share.
See it on page 1Acquisitions of Chiba Jets Funabashi Co., Ltd. and Net Dreamers Co., Ltd. resulted in a significant reallocation of acquisition costs from goodwill to customer-related intangible assets.
See it on page 9Mixi, Inc. reported significant growth in its consolidated financial results for the first nine months of the fiscal year ending March 31, 2021. Net sales reached ¥87,737 million, a 21.2% increase over the same period in the previous year. Profitability saw a substantial recovery, with operating income rising 405.9% to ¥15,461 million and profit attributable to owners of the parent reaching ¥10,433 million, compared to just ¥402 million in the prior year. This performance was driven largely by the Digital Entertainment Business, which generated ¥74,027 million in sales and ¥31,731 million in segment profit.
The company restructured its reporting segments during this period to reflect its evolving portfolio, now categorizing operations into Digital Entertainment, Sports, and Lifestyle businesses. While Digital Entertainment remains the primary profit driver, the Sports Business saw a significant revenue increase to ¥8,866 million, though it recorded a segment loss of ¥4,448 million. The Lifestyle Business neared break-even with a minor loss of ¥22 million on sales of ¥4,843 million. Financial stability remains high, with an equity ratio of 84.5% and cash and deposits increasing to ¥144,240 million.
The results also reflect the finalization of provisional accounting for the acquisitions of Chiba Jets Funabashi Co., Ltd. and Net Dreamers Co., Ltd. These adjustments led to a significant reallocation of acquisition costs from goodwill to customer-related intangible assets. Looking forward, the full-year forecast anticipates net sales of ¥120,000 million and a profit of ¥13,000 million. The company maintained its annual dividend forecast at ¥110 per share, signaling confidence in its cash flow and long-term financial position despite the inherent volatility of the entertainment sector.
