Financialmixi
Consolidated Financial Results for the Six Months Ended September 30, 2018: Japan
9 pages~13 min full read
Mixi, Inc. experienced a significant financial downturn for the six-month period ending September 30, 2018, with net sales falling 23.8% to ¥71,044 million and operating income dropping 43.9% to ¥20,723 million.
See it on page 1Profit attributable to owners of the parent declined by 48.6% to ¥12,924 million, resulting in a decrease in basic earnings per share from ¥319.66 to ¥169.87.
See it on page 2The company projects a continued downward trend for the full fiscal year ending March 31, 2019, forecasting net sales of ¥155,000 million (down 18.0%) and operating income of ¥42,000 million (down 42.0%).
See it on page 2Total assets decreased to ¥187,788 million as of September 30, 2018, though the company maintains a strong financial position with an equity ratio of 90.1%.
See it on page 1Treasury share holdings increased significantly to ¥10,905 million following the repurchase of 2.8 million shares during the period.
See it on page 7The company has reorganized its business operations into two primary segments: Entertainment and Lifestyle.
See it on page 8The consolidated financial results for mixi, Inc. cover the six‑month period from April 1 to September 30, 2018, and provide a forecast for the fiscal year ending March 31, 2019. Net sales fell 23.8 % to ¥71,044 million from ¥93,256 million in the same period a year earlier, while operating income dropped 43.9 % to ¥20,723 million and ordinary income declined 44.0 % to ¥20,787 million. Profit attributable to owners of the parent decreased 48.6 % to ¥12,924 million, and basic earnings per share fell from ¥319.66 to ¥169.87. Comprehensive income for the six months was ¥13,465 million, a 46.4 % decline from ¥25,128 million the prior year.
Total assets were ¥187,788 million at September 30, 2018, down from ¥192,123 million a year earlier, while net assets stood at ¥169,737 million, giving an equity ratio of 90.1 %. Treasury shares increased to ¥10,905 million due to a repurchase of 2.8 million shares and issuance of 143,800 shares via options, raising the treasury share balance by ¥9,455 million.
The forecast for FY2019 projects net sales of ¥155,000 million (down 18.0 %) and operating income of ¥42,000 million (down 42.0 %). Dividend guidance was revised, with a total quarterly dividend of ¥120 million for the fiscal year ending March 31, 2019. The report notes no changes in significant subsidiaries or accounting policies and confirms that the company’s segment classification was updated to “Entertainment” and “Lifestyle” in Q2 2018. The financial statements are prepared under Japanese GAAP, with no audit by a certified public accountant for this quarterly filing.
