Consolidated Financial Results: Fiscal Year Ended March 31, 2023

Key insights

6 takeaways · ~2 min read

01
MIXI, Inc. saw significant growth in net sales, increasing by 20.4% to ¥146,867 million in FY2023, and EBITDA grew by 33.6% to ¥29,482 million.See it on page 3
02
Despite revenue growth, profit attributable to owners of parent decreased substantially by 49.7% to ¥5,161 million in FY2023, down from ¥10,262 million in FY2022.See it on page 25
03
The company incurred significant impairment losses and losses on withdrawal from business in FY2023, including ¥4,408 million from business withdrawal and ¥508 million in impairment loss, impacting profitability.See it on page 16
04
MIXI reclassified its "Investment Business" as a separate reportable segment in FY2023, changing how investment-related income and losses are reported, now including dividend income and sales proceeds in net sales and book values/valuation losses in cost of sales.See it on page 14
05
The Digital Entertainment Business and Sports Business experienced impairment losses in FY2023 due to delays in achieving projected earnings, specifically for the Kotodaman business and TIPSTAR/TOKYO FOOTBALL CLUB assets.See it on page 16
06
MIXI acquired CONNECTIT Inc. on October 21, 2022, to expand its New Year's card online ordering service market share.See it on page 19

Summary

Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 Stock exchange listing: Tokyo Stock Exchange Representative: Koki Kimura, President and Representative Director and CEO Inquiries: Kohei Shimamura, Senior Corporate Officer and CFO Scheduled date of Ordinary General Meeting of Shareholders: June 21, 2023 Scheduled date of commencing dividend payments: June 6, 2023 Scheduled date of filing securities report: June 22, 2023 Availability of supplementary briefing material on fin...