Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2018

1 February 201910 pages2,723 words

Summary

Mixi, 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.

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Consolidated Financial Results for the Nine Months Ended December 31, 2018

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