mixi, Inc. experienced a significant decline in financial performance for the fiscal year ended March 31, 2019, with net sales down 23.8% to ¥144,032 million, operating income down 43.3% to ¥41,033 million, and profit attributable to owners of parent down 36.5% to ¥26,521 million.
02
The company's total assets remained relatively stable at ¥192,068 million as of March 31, 2019, compared to ¥192,123 million in the previous year, while total liabilities decreased substantially from ¥21,688 million to ¥13,077 million.
03
Cash and deposits decreased from ¥156,190 million to ¥144,417 million, and net cash provided by operating activities significantly dropped from ¥49,975 million in FY2018 to ¥18,113 million in FY2019.
04
mixi, Inc. acquired a subsidiary, resulting in a change in the scope of consolidation, with an acquisition cost of ¥5,000 million in cash, and recognized ¥5,121 million in goodwill.
05
The company recorded an impairment loss in the Lifestyle Business in FY2018 due to the decision to stop operations of Ticket Camp, operated by Hunza, Inc., and shut down the service.
06
Treasury shares increased significantly from 229,300 shares to 2,881,300 shares, primarily due to the purchase of 2,795,800 treasury shares during the fiscal year.
07
The company paid cash dividends totaling ¥4,446 million (¥57 per share) in June 2018 and ¥4,520 million (¥60 per share) in December 2018.
Insights
01
mixi, Inc. experienced a significant decline in financial performance for the fiscal year ended March 31, 2019, with net sales down 23.8% to ¥144,032 million, operating income down 43.3% to ¥41,033 million, and profit attributable to owners of parent down 36.5% to ¥26,521 million.
02
The company's total assets remained relatively stable at ¥192,068 million as of March 31, 2019, compared to ¥192,123 million in the previous year, while total liabilities decreased substantially from ¥21,688 million to ¥13,077 million.
03
Cash and deposits decreased from ¥156,190 million to ¥144,417 million, and net cash provided by operating activities significantly dropped from ¥49,975 million in FY2018 to ¥18,113 million in FY2019.
04
mixi, Inc. acquired a subsidiary, resulting in a change in the scope of consolidation, with an acquisition cost of ¥5,000 million in cash, and recognized ¥5,121 million in goodwill.
05
The company recorded an impairment loss in the Lifestyle Business in FY2018 due to the decision to stop operations of Ticket Camp, operated by Hunza, Inc., and shut down the service.
06
Treasury shares increased significantly from 229,300 shares to 2,881,300 shares, primarily due to the purchase of 2,795,800 treasury shares during the fiscal year.
07
The company paid cash dividends totaling ¥4,446 million (¥57 per share) in June 2018 and ¥4,520 million (¥60 per share) in December 2018.