FinancialMIXI, Inc.
Consolidated Financial Results for the Six Months Ended September 30, 2022
1 Nov 202212 pages~22 min full read
MIXI, Inc. reported a 21.1% year-over-year increase in net sales to ¥65,734 million for the first half of fiscal year 2023, though profit attributable to owners fell 68.2% to ¥1,960 million.
See it on page 3The sharp decline in net profit was driven by ¥6,474 million in extraordinary losses, including ¥4,468 million from business withdrawals and an ¥875 million loss on the sale of PIST6, Inc. shares.
See it on page 5Digital Entertainment remains the company's primary revenue driver, contributing ¥47,608 million in net sales largely through the mobile game Monster Strike.
See it on page 10Despite revenue growth, the company revised its full-year profit forecast downward, projecting a 51.3% decline in annual profit attributable to owners.
See it on page 2The Sports and Lifestyle segments both recorded operating losses, with net sales of ¥12,995 million and ¥3,508 million, respectively.
See it on page 10MIXI acquired 100% of the online New Year's card service CONNECTIT Inc. for ¥700 million to consolidate its position in that market niche.
See it on page 11The company maintains a strong financial position with total assets of ¥221,903 million, an equity ratio of 82.0%, and plans to maintain an annual dividend of ¥110.00 per share.
See it on page 1MIXI, Inc. reported its consolidated financial results for the first half of the fiscal year ending March 31, 2023, covering the period from April 1, 2022, to September 30, 2022. The data reflects a period of significant revenue growth alongside a sharp decline in net profit due to extraordinary losses. Net sales rose 21.1% year-over-year to ¥65,734 million, and operating income increased 23.1% to ¥11,249 million. However, profit attributable to owners of the parent fell 68.2% to ¥1,960 million. This bottom-line decrease was primarily driven by ¥6,474 million in extraordinary losses, including a ¥4,468 million loss related to the withdrawal from certain business developments and an ¥875 million loss on the sale of shares in PIST6, Inc.
The company’s operations are divided into four reportable segments: Digital Entertainment, Sports, Lifestyle, and a newly established Investment Business segment. Digital Entertainment remains the primary driver of performance, contributing ¥47,608 million in net sales, largely fueled by the mobile game Monster Strike. The Sports and Lifestyle segments reported net sales of ¥12,995 million and ¥3,508 million, respectively, though both recorded segment losses. The Investment Business, now classified as a main line of business, contributed ¥1,551 million in sales. During this period, MIXI also completed the 100% acquisition of CONNECTIT Inc., a New Year's card online service, for ¥700 million to consolidate its market position in that niche.
Geographically focused on the Japanese market, the company maintains a strong financial position with total assets of ¥221,903 million and an equity ratio of 82.0%. Despite the first-half revenue growth, MIXI revised its full-year forecast downward, projecting a 51.3% decline in annual profit attributable to owners. The company plans to maintain a total annual dividend of ¥110.00 per share. These results were prepared under Japanese GAAP and have not undergone a full statutory audit.
