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.
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.
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.
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.
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.
06
MIXI acquired CONNECTIT Inc. on October 21, 2022, to expand its New Year's card online ordering service market share.
Insights
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.
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.
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.
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.
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.
06
MIXI acquired CONNECTIT Inc. on October 21, 2022, to expand its New Year's card online ordering service market share.