Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2016
1 Feb 20179 pages~16 min full read
Mixi, Inc. experienced a moderate contraction in the first nine months of the fiscal year ending March 31, 2017, with net sales falling 4.9% to ¥142,990 million and operating income dropping 16% to ¥56,511 million.
See it on page 1Profit attributable to owners of the parent declined 11.7% to ¥38,864 million compared to the same period in 2015.
See it on page 2The Entertainment Business remains the primary revenue driver at ¥131,805 million, while the Media Platform Business grew its net sales to ¥11,184 million despite a decrease in segment profit.
See it on page 8The company strengthened its financial position, increasing its equity ratio to 85.6% from 73.6% at the end of the previous fiscal year.
See it on page 1Management executed a share buyback program involving the repurchase of over 3 million shares and the retirement of 2.4 million treasury shares to improve capital efficiency.
See it on page 7Full-year forecasts for the fiscal year ending March 31, 2017, were revised downward to ¥206,000 million in net sales and ¥59,000 million in profit.
See it on page 2Accounting for the acquisitions of Hunza, Inc. and MUSE & Co., Ltd. has been finalized, including the confirmation of goodwill amounts and amortization schedules.
See it on page 8This financial report details the consolidated results for mixi, Inc. during the first nine months of the fiscal year ending March 31, 2017. The data reflects a period of moderate contraction compared to the previous year’s record growth. Net sales reached ¥142,990 million, representing a 4.9% decrease from the same period in 2015. Operating income fell by 16% to ¥56,511 million, while profit attributable to owners of the parent declined by 11.7% to ¥38,864 million. Despite these year-over-year decreases, the company maintained a strong financial position with an equity ratio of 85.6%, up from 73.6% at the end of the previous fiscal year.
The company’s operations are divided into two primary segments: the Entertainment Business and the Media Platform Business. The Entertainment Business remains the dominant revenue driver, contributing ¥131,805 million in net sales, though its segment profit saw a decline from the previous year. Conversely, the Media Platform Business showed growth in net sales, rising to ¥11,184 million, although its segment profit decreased due to higher costs and adjustments. Significant corporate activity during this period included a substantial share buyback program, with the company repurchasing over 3 million shares and retiring 2.4 million treasury shares to optimize capital efficiency.
Looking ahead, the full-year forecast for the fiscal year ending March 31, 2017, anticipates net sales of ¥206,000 million and a profit of ¥59,000 million. These projections represent a slight downward revision from previous estimates. The report also finalizes accounting for previous acquisitions, specifically Hunza, Inc. and MUSE & Co., Ltd., confirming goodwill amounts and amortization schedules. The methodology follows Japanese GAAP, providing a comprehensive overview of the company’s cash flows, balance sheets, and segment performance for institutional investors and analysts.
