Mixi, Inc. reported a 778.3% increase in net sales to ¥34,954 million for the six months ending September 30, 2014, compared to ¥3,979 million in the same period the previous year.
02
The company achieved a significant financial turnaround, reporting a net income of ¥9,082 million for the period, compared to a net loss of ¥1,352 million in 2013.
03
Operating income reached ¥14,350 million for the six-month period, a substantial improvement over the ¥398 million loss recorded in the prior year.
04
Management forecasts full-year net sales of ¥100,000 million for the fiscal year ending March 31, 2015, representing a projected 722.6% increase over the prior year.
05
The company maintains a strong balance sheet with total assets of ¥43,617 million and an equity ratio of 71.7%.
06
Cash and cash equivalents grew to ¥28,549 million, supported by a net cash inflow of ¥11,731 million from operating activities.
07
Mixi has shifted to a quarterly dividend policy, with a total dividend forecast of ¥49 million for the fiscal year ending March 31, 2015.
Insights
01
Mixi, Inc. reported a 778.3% increase in net sales to ¥34,954 million for the six months ending September 30, 2014, compared to ¥3,979 million in the same period the previous year.
02
The company achieved a significant financial turnaround, reporting a net income of ¥9,082 million for the period, compared to a net loss of ¥1,352 million in 2013.
03
Operating income reached ¥14,350 million for the six-month period, a substantial improvement over the ¥398 million loss recorded in the prior year.
04
Management forecasts full-year net sales of ¥100,000 million for the fiscal year ending March 31, 2015, representing a projected 722.6% increase over the prior year.
05
The company maintains a strong balance sheet with total assets of ¥43,617 million and an equity ratio of 71.7%.
06
Cash and cash equivalents grew to ¥28,549 million, supported by a net cash inflow of ¥11,731 million from operating activities.
07
Mixi has shifted to a quarterly dividend policy, with a total dividend forecast of ¥49 million for the fiscal year ending March 31, 2015.