MIXI Consolidated Financial Results for the Nine Months Ended December 31, 2023

MIXI, Inc. reported its consolidated financial results for the nine-month period ending December 31, 2023, reflecting a period of stagnant top-line growth and significant contraction in profitability. Net sales reached 105,209 million yen, a marginal increase of 0.4% compared to the same period in the previous fiscal year. Despite this stability in revenue, the company experienced a substantial decline in core profitability metrics, with operating income falling by 45.1% to 10,475 million yen and EBITDA dropping by 39.1% to 13,679 million yen.

The company’s financial performance is categorized across four primary segments: Digital Entertainment, Sports, Lifestyle, and Investment. The Digital Entertainment segment, anchored by the flagship title Monster Strike, remains the primary revenue driver but saw segment profit decrease from 31,806 million yen in the prior year to 24,237 million yen. The Sports and Lifestyle segments also faced pressure, contributing to the overall compression of margins. Conversely, profit attributable to owners of the parent rose significantly to 4,667 million yen, a 131.0% increase, largely due to a reduction in extraordinary losses compared to the previous year, which had been impacted by business withdrawals and impairment charges.

MIXI maintains a strong financial position with total assets of 210,100 million yen and an equity ratio of 81.3% as of December 31, 2023. During this period, the company actively managed its capital structure, including the repurchase and cancellation of treasury shares. Looking ahead, the company has revised its full-year forecast for the fiscal year ending March 31, 2024, projecting net sales of 146,000 million yen and operating income of 18,000 million yen, acknowledging that these figures remain subject to market risks and operational uncertainties.