Financial · May 1, 2024

Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Published by mixi

Summary

MIXI, Inc. maintained stable net sales of ¥146.8 billion for the fiscal year ended March 31, 2024, despite a 22.7% decline in operating income to ¥19.1 billion. While the Digital Entertainment segment, anchored by the enduring performance of Monster Strike, remains the primary revenue driver, its profitability experienced a year-over-year contraction. Conversely, net income attributable to owners of the parent grew by 37.2% to ¥7.08 billion, a result of reduced non-operating and extraordinary losses relative to the prior year. This financial trajectory is expected to accelerate, with forecasts projecting a 69.4% surge in net income to ¥12.0 billion for the fiscal year ending March 2025. The fiscal period was characterized by strategic capital management and the navigation of impairment challenges. Cash and cash equivalents decreased to ¥105.7 billion, influenced by ¥7.5 billion in treasury share purchases and significant income tax payments. Financial results were further impacted by a ¥2.677 million valuation loss on convertible bonds and impairment losses within the Sports Business and equity-method associates like CALL DOCTOR Co., Ltd. These adjustments reflect a rigorous reassessment of business plans and asset valuations across the Lifestyle and Sports segments. To enhance shareholder value and capital efficiency, the company executed the cancellation of 4.5 million treasury shares and initiated a subsequent repurchase program valued at up to ¥7.5 billion. Basic earnings per share rose to ¥99.71, supporting a consistent annual dividend of ¥110 per share. Despite the amortization of ¥1,338 million in goodwill, the organization maintains a robust balance sheet and a clear focus on stabilizing its core entertainment offerings while optimizing its diversified portfolio for long-term growth.

From the report

FASF Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 [Japanese GAAP] May 10, 2024 Company name: MIXI, Inc. Stock exchange listing: Tokyo Stock Exchange Securities code: 2121 URL: https://mixi.co.jp/en/ Representative: Koki Kimura, President and Representative Director and CEO Inquiries: Kohei Shimamura, Senior Corporate Officer and CFO Phone: +81-3-6897-9500 Scheduled date of Ordinary General Meeting of Shareholders: June 26, 2024 Scheduled date of commencing dividend payments: June 11, 2024 Scheduled date of filing securities report: June 27, 2024 Availability of supplementary briefing material on financial results: Available Schedule of financial results briefing session: Scheduled (conference call for institutional investors and securities analysts) (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024) (1) Consolidated Operating Results (% indicates changes from the previous corresponding period.) Profit attributable Net sales EBITDA* Operating income Ordinary income to owners of parent Fiscal year ended ¥ million % ¥ million % ¥ million % ¥ million % ¥ million % March 31, 2024 146,868 0.0 23,497 (20.3) 19,177 (22.7) 15,669 (14.1) 7,082 37.2 March 31, 2023 146,867 20.4 29,482 33.6 24,820 39.4 18,250 3.5 5,161 (49.7) * EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is amount based on operating income excluding depreciation and amortization of goodwill. (Note) Comprehensive income: Fiscal Year ended March 31, 2024: ¥7,217 million [19.3%] Fiscal Year ended March 31, 2023: ¥6,050 million [(37.8)%]

Earnings Before Interest, Taxes, Depreciation, and Amortization) is amount based on operating income excluding depreciation and amortization of goodwill. (Note) Comprehensive income: Fiscal Year ended March 31, 2024: ¥7,217 million [19.3%] Fiscal Year ended March 31, 2023: ¥6,050 million [(37.8)%] Basic earnings Diluted earnings Rate of return on Ordinary income Operating income per share per share equity to total assets to net sales Fiscal year ended ¥ ¥ % % % March 31, 2024 99.71 98.56 4.0 7.3 13.1 March 31, 2023 70.87 70.08 2.8 8.3 16.9 (Reference) Profit or loss on equity method investments: Fiscal Year ended March 31, 2024: ¥(3,045) million Fiscal Year ended March 31, 2023: ¥(6,604) million (2) Consolidated Financial Position Total assets Net assets Equity ratio Net assets per share ¥ million ¥ million % ¥ As of March 31, 2024 207,342 175,730 83.6 2,466.38 As of March 31, 2023 222,321 183,463 81.4 2,480.51 (Reference) Equity: As of March 31, 2024: ¥173,411 million As of March 31, 2023: ¥181,010 million (3) Consolidated Cash Flows Cash flows from Cash flows from Cash flows from Cash and cash operating activities investing activities financing activities equivalents at end of period Fiscal year ended ¥ million ¥ million ¥ million ¥ million March 31, 2024 9,181 (6,852) (15,730) 105,688 March 31, 2023 15,751 (7,350) (8,326) 118,703

2. Dividends Annual dividends Total Dividend Dividends to Dividends to 1st 2nd 3rd Year- dividends payout ratio shareholders' equity quarter- quarter- quarter- end Total paid (consolidated) equity (consolidated) end end end (annual) (consolidated) ¥ ¥ ¥ ¥ ¥ ¥ million % % % Fiscal year ended – 55.00 – 55.00 110.00 8,024 155.2 4.4 4.4 March 31, 2023 Fiscal year ended – 55.00 – 55.00 110.00 7,734 110.3 4.4 4.4 March 31, 2024 Fiscal year ending March 31, 2025 – 55.00 – 55.00 110.00 – 4.5 (Forecast) (Reference) We will aim for a target consolidated dividends to shareholders’ equity of 5 percent for the fiscal year ending March 31, 2025. 3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025) (% indicates changes from the previous corresponding period.) Profit attributable Basic Net sales EBITDA Operating income Ordinary income to owners of earnings parent per share ¥ million % ¥ million % ¥ million % ¥ million % ¥ million % ¥ Full year 147,000 0.1 23,000 (2.1) 18,500 (3.5) 17,500 11.7 12,000 69.4 170.67 * Notes: (1) Changes in significant subsidiaries during the fiscal year ended March 31, 2024 (changes in specified subsidiaries resulting in change in scope of consolidation): No (2) Changes in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to the revision of accounting standards: No 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No

in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to the revision of accounting standards: No 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No (3) Total number of issued shares (common shares) 1) Total number of issued shares at the end of the period (including treasury shares): March 31, 2024: 73,730,850 shares March 31, 2023: 78,230,850 shares 2) Total number of treasury shares at the end of the period: March 31, 2024: 3,420,835 shares March 31, 2023: 5,257,825 shares 3) Average number of shares during the period: Fiscal year ended March 31, 2024: 71,031,698 shares Fiscal year ended March 31, 2023: 72,837,560 shares

(Reference) Outline of Non-consolidated Financial Results 1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024) (1) Non-consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating income Ordinary income Period net income Fiscal year ended ¥ million % ¥ million % ¥ million % ¥ million % March 31, 2024 114,922 (3.1) 19,438 (25.4) 18,544 (27.5) 7,319 (2.1) March 31, 2023 118,617 15.6 26,048 55.8 25,579 52.0 7,476 (9.9) Basic earnings Diluted earnings per share per share Fiscal year ended ¥ ¥ March 31, 2024 103.04 101.86 March 31, 2023 102.64 101.50 (2) Non-consolidated Financial Position Total assets Net assets Equity ratio Net assets per share ¥ million ¥ million % ¥ As of March 31, 2024 189,025 175,175 92.1 2,475.69 As of March 31, 2023 206,171 182,873 88.2 2,490.59 (Reference) Equity: As of March 31, 2024: ¥174,065 million As of March 31, 2023: ¥181,746 million * These financial results are outside the scope of audit by a certified public accountant or audit firm.

arch 31, 2024 189,025 175,175 92.1 2,475.69 As of March 31, 2023 206,171 182,873 88.2 2,490.59 (Reference) Equity: As of March 31, 2024: ¥174,065 million As of March 31, 2023: ¥181,746 million * These financial results are outside the scope of audit by a certified public accountant or audit firm. * Explanation of the proper use of earnings forecast and other notes 1. The financial results forecasts of this document are judgments made by MIXI based on information currently available which include latent risks and uncertainties. Please be acknowledged that actual results may differ from these forecasts due to changes in various factors when making investment decisions. 2. MIXI has scheduled a financial results conference call for institutional investors and securities analysts on May 10, 2024. Scene of the session and contents of the presentation will be posted along with the financial results briefing material on MIXI’s website shortly after the session.

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