Financialmixi
Consolidated Financial Results for the Six Months Ended September 30, 2020
1 Nov 20209 pages~15 min full read
Mixi, Inc. reported strong growth for the six months ending September 30, 2020, with net sales rising 25.4% to ¥58,752 million and operating income surging 257.1% to ¥14,050 million.
Profit attributable to owners of the parent increased by 334.3% to ¥9,333 million, leading the company to revise its full-year net sales forecast to ¥120,000 million.
The Digital Entertainment segment remains the primary revenue driver, generating ¥51,438 million in sales and ¥24,840 million in profit.
The newly defined Sports Business, which now includes five reclassified subsidiaries such as Chiba Jets Funabashi Co., Ltd., recorded ¥5,377 million in sales but incurred a segment loss of ¥2,452 million.
The company maintains a strong financial position with an equity ratio of 86.5% and cash and deposits totaling ¥141,671 million.
Provisional accounting for acquisitions, including Net Dreamers Co., Ltd., resulted in adjustments to intangible assets and a reduction in previously estimated goodwill.
The company maintained its dividend payout at ¥55.00 per share for the second quarter.
These consolidated financial results for mixi, Inc. cover the six-month period ending September 30, 2020, providing a comprehensive overview of the company’s fiscal performance and segment reclassification. During this period, the company experienced significant growth, with net sales rising 25.4% to ¥58,752 million. Profitability saw a substantial surge compared to the previous year; operating income increased by 257.1% to ¥14,050 million, while profit attributable to owners of the parent grew by 334.3% to reach ¥9,333 million. This performance led to a revised full-year forecast, projecting annual net sales of ¥120,000 million and a 20.8% increase in annual profit.
The results highlight a strategic shift in business reporting, as the company redefined its segments into Digital Entertainment, Sports, and Lifestyle. The Digital Entertainment Business remains the primary revenue driver, contributing ¥51,438 million in sales and ¥24,840 million in segment profit. The Sports Business, which now includes five previously reclassified subsidiaries, saw a significant increase in scale with sales of ¥5,377 million, though it recorded a segment loss of ¥2,452 million. The Lifestyle Business remained relatively stable, contributing ¥1,936 million in sales.
Financially, the company maintains a strong position with total assets of ¥215,582 million and an equity ratio of 86.5%. Cash and deposits increased to ¥141,671 million, supported by ¥22,178 million in net cash provided by operating activities. The period also involved the finalization of provisional accounting for acquisitions, including Chiba Jets Funabashi Co., Ltd. and Net Dreamers Co., Ltd., which resulted in significant adjustments to intangible assets and a reduction in previously estimated goodwill. Dividends remained consistent with forecasts at ¥55.00 per share for the second quarter.
