FinancialMIXI, Inc.
Consolidated Financial Results for the Nine Months Ended December 31, 2022
1 Feb 202311 pages~20 min full read
MIXI, Inc. reported a 24.6% increase in net sales to ¥104,802 million and a 67.7% rise in operating income to ¥19,073 million for the nine months ended December 31, 2022.
Profit attributable to owners of the parent plummeted 72.8% to ¥2,020 million, primarily due to a ¥4,818 million impairment loss on bitbank, inc. and a ¥4,468 million loss from the cancellation of new product developments.
The Digital Entertainment segment remains the company's core revenue driver, generating ¥73,457 million in sales and ¥31,806 million in profit, largely sustained by the mobile game Monster Strike.
The company officially elevated its Investment Business to a main line of business, resulting in a reclassification of related income and assets within the financial statements.
MIXI revised its full-year forecast to ¥142,000 million in net sales while projecting a 51.3% year-over-year decline in annual profit attributable to owners of the parent.
Despite profit volatility, the company maintains a strong financial position with an 80.8% equity ratio and continues to pay an annual dividend of ¥110 per share.
While the Sports and Lifestyle segments achieved revenue growth during this period, the Sports segment continued to operate at a loss.
This financial report details the consolidated results for MIXI, Inc. during the first nine months of the fiscal year ending March 31, 2023. The company reported net sales of ¥104,802 million, representing a 24.6% increase over the previous year, and a 67.7% rise in operating income to ¥19,073 million. Despite these gains, profit attributable to owners of the parent fell by 72.8% to ¥2,020 million. This decline was primarily driven by significant non-operating and extraordinary losses, including a ¥4,818 million impairment loss related to the equity-method associate bitbank, inc., and a ¥4,468 million loss stemming from the withdrawal from certain new product developments.
The scope of the report covers the company’s four primary business segments: Digital Entertainment, Sports, Lifestyle, and the newly established Investment Business. Digital Entertainment remains the primary revenue driver, largely fueled by the performance of the mobile game Monster Strike, contributing ¥73,457 million in net sales and ¥31,806 million in segment profit. The Sports and Lifestyle segments also saw revenue growth, though the Sports segment continued to operate at a loss. The Investment Business was officially designated as a main line of business during this period, leading to a reclassification of investment-related income and assets.
Methodologically, the results are prepared under Japanese GAAP and include consolidated balance sheets, statements of income, and cash flow analysis. The company revised its full-year forecast, projecting net sales of ¥142,000 million and a 51.3% decrease in annual profit attributable to owners of the parent compared to the prior year. MIXI maintains a strong equity ratio of 80.8% and continues to distribute an annual dividend of ¥110 per share.
