Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2014
1 Feb 201510 pages~17 min full read
Mixi, Inc. experienced explosive growth in the first nine months of fiscal year 2015, with net sales surging 973.7% year-over-year to 68,265 million yen.
See it on page 1The company achieved a significant profitability turnaround, moving from an operating loss of 509 million yen in 2013 to an operating income of 29,927 million yen by December 31, 2014.
See it on page 4The Media & Content segment served as the primary growth engine, generating 63,658 million yen in sales and 31,198 million yen in segment income.
See it on page 8Net income reached 19,104 million yen for the nine-month period, a substantial recovery from the 1,573 million yen net loss recorded during the same period in the prior year.
See it on page 4Driven by strong performance, the company revised its full-year forecasts upward to 110,000 million yen in net sales and 32,000 million yen in net income.
See it on page 2Total assets more than doubled to 62,426 million yen by December 31, 2014, with cash and deposits rising to 42,065 million yen.
See it on page 3The company executed a five-for-one stock split on July 1, 2014, and reorganized its reporting segments to better reflect its current business portfolio.
See it on page 7This financial report details the consolidated results for mixi, Inc. during the first nine months of the fiscal year ending March 31, 2015, covering the period from April 1, 2014, to December 31, 2014. The data reveals a period of explosive growth for the Japanese company, primarily driven by its Media & Content Business. Net sales surged to 68,265 million yen, representing a 973.7% increase compared to the same period in the previous year. This growth facilitated a dramatic turnaround in profitability, moving from an operating loss of 509 million yen in 2013 to an operating income of 29,927 million yen in 2014. Net income for the period reached 19,104 million yen, compared to a net loss of 1,573 million yen in the prior year.
The scope of the report encompasses two primary reportable segments: Media & Content and Life Events. The Media & Content segment was the dominant contributor, accounting for 63,658 million yen in sales and 31,198 million yen in segment income. The Life Events segment, which includes marriage support and photobook businesses, contributed 4,390 million yen in sales. Geographically, the results focus on the Japanese market, though the report notes the previous liquidation of subsidiaries in Shanghai. To reflect its expanded business portfolio, the company reorganized its reporting segments during this period, renaming the former Social Net and Find Job! divisions.
The financial position of the company strengthened significantly, with total assets increasing from 26,492 million yen at the end of March 2014 to 62,426 million yen by December 31, 2014. Cash and deposits grew to 42,065 million yen, largely due to 26,303 million yen provided by operating activities. Based on these strong results, the company revised its full-year forecasts upward, projecting annual net sales of 110,000 million yen and net income of 32,000 million yen. The report also accounts for a five-for-one stock split executed on July 1, 2014, adjusting per-share calculations retroactively for accurate year-over-year comparison.
