Financialmixi
Consolidated Financial Results for the Nine Months Ended December 31, 2016 (Japanese GAAP)
9 pages~15 min full read
Mixi, Inc. experienced a broad financial decline for the nine months ending December 31, 2016, with net sales falling 4.9% to ¥142,990 million and operating income dropping 16.0% to ¥56,511 million.
See it on page 1Profit attributable to owners of the parent decreased by 11.7% to ¥38,864 million, resulting in a decline in basic earnings per share from ¥532.60 to ¥471.42.
See it on page 2The company’s balance sheet remains strong with an equity ratio that improved to 85.6% from 73.6%, despite a decrease in total cash and cash equivalents to ¥111,170 million.
See it on page 1Management projects a continued downward trend for the full fiscal year ending March 31, 2017, forecasting net sales of ¥206,000 million (-1.3%) and operating income of ¥86,000 million (-9.5%).
See it on page 2The Media Platform Business remains the company's primary revenue driver, contributing ¥131,805 million in net sales and ¥60,255 million in segment profit.
See it on page 8Despite the overall decline in profitability, the company revised its dividend guidance upward for the fiscal year ending March 31, 2017, to a total of ¥147 million.
See it on page 1Cash outflows were significantly impacted by capital allocation strategies, including a net addition of ¥2,599 million in treasury share repurchases during the nine-month period.
See it on page 6The consolidated financial results for mixi, Inc. cover the nine‑month period from April 1 to December 31 2016 under Japanese GAAP. Net sales declined 4.9% year‑over‑year to ¥142,990 million, while operating income fell 16.0% to ¥56,511 million and ordinary income dropped 16.3% to ¥56,071 million. Profit attributable to owners of the parent decreased 11.7% to ¥38,864 million, with comprehensive income at ¥38,790 million. Basic and diluted earnings per share fell from ¥532.60 to ¥471.42 and ¥532.35 to ¥471.06 respectively, reflecting lower profitability.
Total assets contracted slightly from ¥165,039 million to ¥160,210 million, but net assets rose to ¥137,379 million, raising the equity ratio to 85.6% from 73.6%. Treasury shares increased markedly, with a net addition of ¥2,599 million during the period. Cash and cash equivalents decreased from ¥126,316 million to ¥111,170 million, largely due to higher financing outflows for treasury share repurchases and dividend payments.
The company forecasted a modest decline in full‑year 2017 results, projecting net sales of ¥206,000 million (−1.3%) and operating income of ¥86,000 million (−9.5%). Dividend guidance was revised upward for the fiscal year ending March 31 2017, with a total of ¥147 million expected.
Segment analysis shows the Media Platform Business as the largest contributor, with net sales of ¥131,805 million and segment profit of ¥60,255 million. Goodwill adjustments related to the acquisition of Hunza, Inc. were finalized in Q3 2015, reducing goodwill by ¥356 million to ¥11,577 million. No significant changes in subsidiaries or accounting policies occurred during the reporting period.
