Updated Mar 17, 2026 by mixi
Mixi, Inc. experienced a severe financial downturn for the nine months ended December 31, 2019, with net sales falling 31.7% to ¥72,364 million and operating income plummeting 88.6% to ¥3,076 million.
Profit attributable to owners of the parent dropped 97.5% year-over-year to ¥426 million, reflecting significant earnings pressure in the core Entertainment Business segment.
The company is aggressively pivoting toward sports and sports betting, evidenced by the ¥15,000 million acquisition of Net Dreamers Co., Ltd. and the ¥1,019 million purchase of Chiba Jets Funabashi Inc.
Full-year projections have been revised downward, with expected profit attributable to owners of the parent now forecasted at ¥4,000 million, an 84.9% decrease from the prior fiscal year.
Despite declining earnings, the company maintains a robust balance sheet with total assets of ¥194,531 million, an equity ratio of 87.4%, and cash reserves of ¥124,196 million.
Strategic acquisition activity during the period drove a substantial increase in goodwill, which reached ¥18,481 million by the end of December 2019.
Mixi, Inc. experienced a severe financial downturn for the nine months ended December 31, 2019, with net sales falling 31.7% to ¥72,364 million and operating income plummeting 88.6% to ¥3,076 million.
Profit attributable to owners of the parent dropped 97.5% year-over-year to ¥426 million, reflecting significant earnings pressure in the core Entertainment Business segment.
The company is aggressively pivoting toward sports and sports betting, evidenced by the ¥15,000 million acquisition of Net Dreamers Co., Ltd. and the ¥1,019 million purchase of Chiba Jets Funabashi Inc.
Full-year projections have been revised downward, with expected profit attributable to owners of the parent now forecasted at ¥4,000 million, an 84.9% decrease from the prior fiscal year.
Despite declining earnings, the company maintains a robust balance sheet with total assets of ¥194,531 million, an equity ratio of 87.4%, and cash reserves of ¥124,196 million.
Strategic acquisition activity during the period drove a substantial increase in goodwill, which reached ¥18,481 million by the end of December 2019.