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).
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).
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.
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.
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.
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.
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.
Insights
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).
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).
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.
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.
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.
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.
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.