Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2018
1 Feb 201910 pages~14 min full read
Mixi, Inc. experienced a significant financial downturn for the nine months ending December 31, 2018, with net sales falling 21.7% to ¥105,983 million and operating income dropping 44% to ¥26,899 million.
See it on page 1Profit attributable to owners of the parent declined by 31.9% to ¥17,101 million, impacted by a ¥2,018 million extraordinary loss related to business withdrawals.
See it on page 4The core Entertainment Business saw revenue decrease to ¥101,590 million, down from ¥124,559 million in the same period the previous year.
See it on page 9The Lifestyle Business segment suffered a sharp decline, with sales dropping from ¥10,876 million to ¥4,393 million and recording a loss of ¥1,245 million, largely due to the shutdown of the Ticket Camp service.
See it on page 8Despite the earnings decline, the company maintains a strong financial position with an equity ratio of 91.0% and cash and cash equivalents totaling ¥140,880 million.
See it on page 1For the full fiscal year ending March 31, 2019, Mixi forecasts net sales of ¥155,000 million and an annual profit decrease of 35.4% compared to the prior fiscal year.
See it on page 1During the nine-month period, the company utilized over ¥10,000 million for treasury share repurchases and paid ¥7,991 million in dividends.
See it on page 7Mixi, Inc. reported a significant decline in financial performance for the nine-month period ending December 31, 2018, compared to the same period in the previous year. Net sales fell by 21.7% to ¥105,983 million, while operating income and ordinary income both dropped by approximately 44%, reaching ¥26,899 million and ¥26,985 million, respectively. Profit attributable to owners of the parent decreased by 31.9% to ¥17,101 million. These results reflect a downturn in the company’s core business segments and include a ¥2,018 million extraordinary loss related to business withdrawals.
The Entertainment Business remains the primary revenue driver, contributing ¥101,590 million in sales, though this represents a decrease from the ¥124,559 million generated in the prior year. The Lifestyle Business, formerly part of the Media Platform segment, saw a sharper decline, with sales falling from ¥10,876 million to ¥4,393 million. This segment also recorded a loss of ¥1,245 million, exacerbated by the previous year's decision to shut down the Ticket Camp service, which resulted in a total goodwill amortization of ¥7,597 million.
Despite the decline in earnings, the company maintains a strong financial position with an equity ratio of 91.0% and total assets of ¥185,298 million. Cash and cash equivalents stood at ¥140,880 million at the end of the period, following significant outflows for treasury share repurchases totaling over ¥10,000 million and dividend payments of ¥7,991 million. For the full fiscal year ending March 31, 2019, the company forecasts net sales of ¥155,000 million and a 35.4% decrease in annual profit compared to the previous fiscal year.
