Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2014: Japan
10 pages~17 min full read
Mixi, Inc. achieved a significant financial turnaround for the nine months ending December 31, 2014, with net sales surging 973.7% to ¥68,265 million compared to the prior year.
See it on page 1The company shifted from an operating loss of ¥509 million in the previous year to an operating income of ¥29,927 million, resulting in a net profit of ¥19,104 million.
See it on page 4Net income per share reached ¥237.50 for the period, a stark recovery from the ¥21.08 loss per share recorded in 2013.
See it on page 10Total assets more than doubled to ¥62,426 million, with cash and cash equivalents rising to ¥42,065 million by the end of December 2014.
See it on page 3The company projects full-year net sales of ¥110,000 million and a net income of ¥32,000 million for the fiscal year ending March 31, 2015.
See it on page 2Growth was driven by a strategic realignment of reportable segments and increased external customer sales within the Media & Content and Life Events businesses.
See it on page 8The equity ratio stood at 63.5% as of December 31, 2014, following a five-for-one stock split that occurred on July 1, 2014.
See it on page 1The nine‑month financial results for mixi, Inc., covering April 1 to December 31 2014, demonstrate a dramatic turnaround from the prior year. Net sales surged 973.7 % to ¥68,265 million, driven by a sharp increase in external customer sales across the Media & Content and Life Events businesses. Operating income rose to ¥29,927 million from a loss of ¥509 million in the same period last year, resulting in an ordinary income of ¥29,979 million and a net profit of ¥19,104 million. Comprehensive income for the period was ¥19,199 million, compared with a loss of ¥1,481 million the previous year. Net income per share reached ¥237.50 (diluted ¥236.88) versus a loss of ¥21.08 per share in 2013.
Total assets expanded from ¥26,492 million to ¥62,426 million, while equity grew from ¥22,238 million to ¥39,402 million, raising the equity ratio to 63.5 % from 84.5 %. Cash and cash equivalents increased markedly, ending the period at ¥42,065 million. The company’s liquidity improved as current liabilities rose to ¥22,771 million, largely due to higher accounts payable and tax provisions.
The forecast for the fiscal year ending March 31 2015 projects net sales of ¥110,000 million and a net income of ¥32,000 million. No changes in accounting policies or significant subsidiaries were reported for the nine‑month period, and a five‑for‑one stock split on July 1 2014 was accounted for in per‑share calculations. The results reflect mixi’s strategic realignment of reportable segments and expansion into new business areas, underpinning its return to profitability.
