Consolidated Financial Results for the Fiscal Year Ended March 31, 2016: Japan

Key insights

7 takeaways · ~3 min read

01
mixi, Inc. reported a significant increase in total net assets, growing from ¥53,570 million in FY2015 to ¥121,490 million in FY2016, driven by substantial growth in retained earnings (from ¥40,744 million to ¥91,112 million) and capital surplus (from ¥7,007 million to ¥20,427 million).See it on page 1
02
The company's total liabilities decreased from ¥50,608 million in FY2015 to ¥43,548 million in FY2016, primarily due to the elimination of short-term loans payable (¥13,348 million in FY2015).See it on page 5
03
mixi acquired Hunza, Inc. (100% voting rights) on March 31, 2015, to expand into the online ticket flea-market service, aiming to leverage its know-how from "mixi.jp" and "Monster Strike" to accelerate growth in the live entertainment market.See it on page 17
04
mixi also acquired MUSE & Co., Ltd. to enter the fashion commerce market, targeting females with a smartphone-centric flash sales service, recognizing the rapid expansion of the Japanese smartphone commerce market.See it on page 18
05
The company recorded an impairment loss of ¥199 million in FY2015 related to the Media Platform Business, specifically on goodwill for mixi research, Inc., due to unfulfilled revenue expectations.See it on page 13
06
mixi's accounting policies changed in FY2016 to align with revised Japanese accounting standards for business combinations, consolidated financial statements, and business divestitures, impacting how ownership changes in subsidiaries and acquisition-related costs are recorded.See it on page 12
07
The total number of issued shares increased from 83,203,000 in March 2015 to 84,295,500 in March 2016, while treasury shares significantly decreased from 2,592,500 to 30,500 during the same period.See it on page 15

Summary

Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 Stock exchange listing: Tokyo Stock Exchange Representative: Hiroki Morita, President Inquiries: Yasuhiro Ogino, Director and Executive General Manager, Administrative Headquarters Scheduled date of Ordinary General Meeting of Shareholders: June 28, 2016 Scheduled date of commencing dividend payments: June 8, 2016 Scheduled date of filing quarterly securities report: June 29, 2016 Availability of supplementary briefing mater...