Financialmixi
Consolidated Financial Results for the Six Months Ended September 30, 2015
1 Nov 201511 pages~21 min full read
Mixi, Inc. experienced massive growth for the six months ending September 30, 2015, with net sales rising 172.8% to ¥95,351 million and operating income increasing 204.4% to ¥43,674 million.
See it on page 1The Entertainment Business segment, anchored by the title Monster Strike, served as the primary revenue driver, accounting for ¥89,027 million of total net sales.
See it on page 10Profit attributable to owners of the parent surged 213% to ¥28,429 million, supported by a strong financial position that saw total assets grow to ¥124,480 million and an equity ratio of 76.2%.
See it on page 11An overseas share offering in July 2015 significantly bolstered the company's capital, contributing to a cash and cash equivalents balance of ¥84,133 million by the end of September.
See it on page 8The company reorganized into two reportable segments—Entertainment and Media Platform—with the latter contributing ¥6,324 million in sales through the mixi SNS and acquisitions like Hunza, Inc. and MUSE & Co., Ltd.
See it on page 10Management transitioned to using EBITDA as the primary metric for evaluating segment performance following recent acquisitions.
See it on page 10The full-year forecast for the fiscal year ending March 31, 2016, projects net sales of ¥185,000 million and a profit of ¥52,000 million.
See it on page 2Mixi, Inc. reported significant growth in its consolidated financial results for the six months ended September 30, 2015. Net sales reached ¥95,351 million, representing a 172.8% increase compared to the same period in the previous year. Operating income rose by 204.4% to ¥43,674 million, while profit attributable to owners of the parent surged 213% to ¥28,429 million. This performance was largely driven by the Entertainment Business segment, which includes the mainstay title Monster Strike and accounted for ¥89,027 million of total net sales.
The company’s financial position strengthened during this period, with total assets increasing from ¥104,178 million at the end of March 2015 to ¥124,480 million by September 30, 2015. Net assets grew to ¥94,826 million, resulting in an equity ratio of 76.2%. This growth was supported by an overseas offering in July 2015, which involved the issuance of new shares and the disposal of treasury shares, significantly increasing capital stock and capital surplus. Cash and cash equivalents also saw a substantial rise, ending the period at ¥84,133 million.
Strategic shifts during the period included a reorganization of reportable segments into Entertainment and Media Platform businesses. The Media Platform segment, which includes the mixi SNS and newly acquired entities like Hunza, Inc. and MUSE & Co., Ltd., contributed ¥6,324 million in sales. To better evaluate performance following these acquisitions, the company transitioned to using EBITDA as its primary measure for segment income. Looking forward, the full-year forecast for the fiscal year ending March 31, 2016, projects net sales of ¥185,000 million and a profit of ¥52,000 million, maintaining a positive outlook for the remainder of the year.
