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Financial
Consolidated Financial Results for the Nine Months Ended December 31, 2014
This financial report details the consolidated results for mixi, Inc. during the first nine months of the fiscal year ending March 31, 2015, covering the period from April 1, 2014, to December 31, 2014. The data reveals a period of explosive growth for the Japanese company, primarily driven by its Media & Content Business. Net sales surged to 68,265 million yen, representing a 973.7% increase compared to the same period in the previous year. This growth facilitated a dramatic turnaround in profitability, moving from an operating loss of 509 million yen in 2013 to an operating income of 29,927 million yen in 2014. Net income for the period reached 19,104 million yen, compared to a net loss of 1,573 million yen in the prior year. The scope of the report encompasses two primary reportable segments: Media & Content and Life Events. The Media & Content segment was the dominant contributor, accounting for 63,658 million yen in sales and 31,198 million yen in segment income. The Life Events segment, which includes marriage support and photobook businesses, contributed 4,390 million yen in sales. Geographically, the results focus on the Japanese market, though the report notes the previous liquidation of subsidiaries in Shanghai. To reflect its expanded business portfolio, the company reorganized its reporting segments during this period, renaming the former Social Net and Find Job! divisions. The financial position of the company strengthened significantly, with total assets increasing from 26,492 million yen at the end of March 2014 to 62,426 million yen by December 31, 2014. Cash and deposits grew to 42,065 million yen, largely due to 26,303 million yen provided by operating activities. Based on these strong results, the company revised its full-year forecasts upward, projecting annual net sales of 110,000 million yen and net income of 32,000 million yen. The report also accounts for a five-for-one stock split executed on July 1, 2014, adjusting per-share calculations retroactively for accurate year-over-year comparison.
mixiFeb 2015
Financial
Consolidated Financial Results for the Nine Months Ended December 31, 2022
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.
MIXI, Inc.Feb 2023
Financial
Consolidated Financial Results for the Nine Months Ended December 31, 2019
Mixi, Inc. reported a significant downturn in financial performance for the nine months ended December 31, 2019, characterized by a sharp contraction in both revenue and profitability. Net sales fell 31.7% year-over-year to ¥72,364 million, while operating income plummeted 88.6% to ¥3,076 million. Profit attributable to owners of the parent saw the most drastic decline, falling 97.5% to just ¥426 million. These results reflect a challenging period for the company’s core segments, particularly the Entertainment Business, where segment profit dropped from ¥34,297 million to ¥13,267 million. The geographic scope of these results is centered on Japan, covering the first three quarters of the 2019 fiscal year. The data highlights a transition in corporate strategy, as the company aggressively pursued acquisitions to diversify its portfolio into the sports and sports betting industries. Key transactions during this period included the acquisition of Chiba Jets Funabashi Inc., a professional basketball team, for ¥1,019 million, and Net Dreamers Co., Ltd., a sports media operator, for ¥15,000 million. These moves contributed to a substantial increase in goodwill, which rose to ¥18,481 million by the end of the period. Despite the current earnings pressure, the company maintains a strong consolidated financial position with total assets of ¥194,531 million and an equity ratio of 87.4%. Cash and deposits remained substantial at ¥124,196 million, though this was a decrease from the previous year-end due to investment activities and dividend payments. Looking ahead, the full-year forecast was revised downward, with net sales expected to reach ¥103,000 million and profit attributable to owners of the parent projected at ¥4,000 million, representing an 84.9% decrease from the prior fiscal year.
mixiFeb 2020
Financial
Consolidated Financial Results for the Nine Months Ended December 31, 2021
Mixi, Inc. experienced a period of financial contraction and strategic pivot during the nine months ending December 31, 2021. Net sales fell 7.6% to ¥81,089 million, while profit attributable to owners saw a sharper decline of 28.8% to ¥7,428 million. These results prompted management to issue a downward revision for the full-year forecast, anticipating an annual profit decrease of over 40% compared to the prior fiscal year. Despite these declines, the company maintains a robust equity ratio of 84.4%, though cash reserves were reduced by more than ¥30 billion to fund aggressive investment activities and a ¥7.5 billion share buyback program. The financial landscape was notably influenced by a shift in accounting standards regarding revenue recognition for the flagship title Monster Strike. By transitioning from recognizing revenue at the point of virtual currency consumption to an estimated period of character utility, the company realized a ¥1,272 million increase in operating income. This technical adjustment reflects a broader effort to modernize financial reporting while navigating the maturation of its core gaming assets. Strategically, the organization is diversifying its portfolio through significant capital allocation in the sports and medical sectors. The acquisition of a 51.3% controlling stake in TOKYO FOOTBALL CLUB (F.C. Tokyo) for ¥1.15 billion and a substantial investment in the medical service CALL DOCTOR signal a move toward multi-industry expansion. Furthermore, the commitment of up to ¥6 billion in credit facilities for the development of arena leasing operations via TOKYO-BAY ARENA Co., Ltd. underscores a long-term thesis focused on physical entertainment infrastructure and sports management as future growth drivers.
mixiFeb 2022