Financialmixi
Consolidated Financial Results for the Six Months Ended September 30, 2019
1 Nov 20198 pages~11 min full read
Mixi, Inc. experienced a significant financial contraction for the six months ending September 30, 2019, with net sales falling 34.1% to ¥46,835 million and operating income dropping 80.5% to ¥4,035 million.
Profit attributable to owners of the parent plummeted 83.0% to ¥2,192 million, causing basic earnings per share to decline from ¥169.87 in the previous year to ¥29.09.
The Entertainment Business remains the company's primary revenue driver at ¥45,137 million, yet its segment profit saw a sharp year-over-year decrease from ¥25,421 million to ¥9,724 million.
The Lifestyle Business segment reported a loss of ¥439 million on sales of ¥1,697 million, contributing to the overall downward trend in company performance.
Full-year projections for the fiscal year ending March 31, 2020, anticipate continued decline, with profit attributable to owners expected to reach ¥3,000 million, representing an annual decrease of over 80%.
Despite declining earnings, the company maintains a strong financial position with total assets of ¥188,135 million, an equity ratio of 93.5%, and substantial cash and deposits of ¥142,693 million.
The company continues to pursue portfolio diversification, evidenced by investing activity outflows of ¥1,469 million for subsidiary acquisitions and ¥1,856 million for investment securities.
These consolidated financial results for mixi, Inc. cover the six-month period ending September 30, 2019. The data reveals a significant year-over-year contraction in financial performance across all primary metrics. Net sales fell by 34.1% to ¥46,835 million, while operating income and ordinary income both saw a sharp decline of 80.5%, dropping to approximately ¥4,035 million and ¥4,063 million, respectively. Profit attributable to owners of the parent decreased by 83.0% to ¥2,192 million, resulting in basic earnings per share of ¥29.09, down from ¥169.87 in the previous year.
The company’s operations are divided into two reportable segments: Entertainment and Lifestyle. The Entertainment Business remains the primary revenue driver, contributing ¥45,137 million in sales, though its segment profit fell from ¥25,421 million to ¥9,724 million year-over-year. The Lifestyle Business reported a segment loss of ¥439 million on sales of ¥1,697 million. Despite the downturn in earnings, the company maintains a strong financial position with total assets of ¥188,135 million and a high equity ratio of 93.5%. Cash and deposits remain substantial at ¥142,693 million.
The full-year forecast for the fiscal year ending March 31, 2020, anticipates continued downward pressure, with net sales projected at ¥100,000 million and profit attributable to owners expected to reach ¥3,000 million. These projections represent an anticipated annual decrease of over 80% in profitability compared to the prior fiscal year. Cash flow analysis indicates that while operating activities generated ¥8,537 million, significant outflows occurred in investing activities, including ¥1,469 million for subsidiary acquisitions and ¥1,856 million for investment securities, reflecting ongoing efforts to diversify the portfolio despite the current decline in core segment performance.
