Financialmixi Inc.
Consolidated Financial Results for the Six Months Ended September 30, 2014
1 Nov 201410 pages~17 min full read
Mixi, Inc. achieved a major financial turnaround for the six months ending September 30, 2014, reporting net sales of ¥34.95 billion, a 778.3% increase year-over-year.
See it on page 6The company shifted from a ¥1.35 billion net loss in the same period of 2013 to a net income of ¥9.08 billion and an operating income of ¥14.35 billion.
See it on page 4The Media & Content Business segment served as the primary growth driver, generating ¥31.91 billion in sales and ¥15.15 billion in segment income.
See it on page 9Management issued a strong full-year forecast for the fiscal year ending March 31, 2015, projecting ¥100 billion in net sales and ¥29 billion in net income.
See it on page 2The company increased its annual dividend forecast to ¥72 per share, supported by a strengthened balance sheet that saw cash and deposits rise to ¥28.55 billion.
See it on page 1Operational costs rose significantly to support growth, with settlement fees reaching ¥9.93 billion and advertising expenses totaling ¥4.13 billion.
See it on page 4The reporting period included a five-for-one stock split effective July 1, 2014, and a strategic reorganization of business segments into Media & Content and Life Events.
See it on page 7Mixi, Inc. reported a significant financial turnaround and exponential growth for the six-month period ending September 30, 2014. Following a net loss in the previous year, the company achieved a dramatic increase in net sales, which rose 778.3% year-over-year to ¥34.95 billion. This surge drove an operating income of ¥14.35 billion and a net income of ¥9.08 billion, compared to a net loss of ¥1.35 billion in the same period of 2013. The results reflect a successful pivot in business strategy, primarily led by the Media & Content Business segment.
The Media & Content Business emerged as the primary revenue driver, contributing ¥31.91 billion in sales and ¥15.15 billion in segment income. This growth was accompanied by a substantial rise in operating expenses, specifically settlement fees and advertising costs, which reached ¥9.93 billion and ¥4.13 billion respectively. The Life Events Business also showed growth, contributing ¥2.89 billion in sales. Geographically focused on Japan, the company’s consolidated balance sheet strengthened significantly, with total assets increasing from ¥26.49 billion to ¥43.617 billion and cash and deposits rising to ¥28.55 billion.
Based on these results, the company issued a robust full-year forecast for the fiscal year ending March 31, 2015, projecting net sales of ¥100 billion and net income of ¥29 billion. To reflect this performance, the dividend forecast was revised upward to a total of ¥72 per share for the year. The reporting period also included a five-for-one stock split effective July 1, 2014, and a reorganization of reportable segments to better classify the expanding portfolio into Media & Content and Life Events categories. These financial statements were prepared under Japanese GAAP and represent the consolidated performance of the parent company and its subsidiaries.
