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Consolidated Financial Results for the Three Months Ended June 30, 2019

The quarterly filing presents mixi, Inc.’s consolidated financial performance for the first quarter of fiscal 2019 (April 1–June 30, 2019). Net sales fell 39.9 % to ¥20,780 million from ¥34,561 million in the same period a year earlier, reflecting a sharp decline in revenue from its entertainment and lifestyle segments. Operating income contracted 85.2 % to ¥1,637 million, and ordinary income dropped 84.7 % to ¥1,683 million, resulting in a profit attributable to owners of ¥1,134 million—an 84.4 % decrease from the prior year’s ¥7,294 million. Comprehensive income for the quarter was ¥1,011 million, down 86.7 % from ¥7,622 million previously. Basic and diluted earnings per share fell dramatically to ¥15.05 and ¥14.99, respectively, versus ¥94.94 and ¥94.77 a year earlier. Total assets declined modestly to ¥186,409 million from ¥192,068 million, while net assets decreased to ¥175,500 million, maintaining an equity ratio of 93.8 %. Cash and cash equivalents were ¥138,393 million at quarter‑end, a reduction of ¥3,755 million from the prior year. The company’s dividend policy remained unchanged, with a forecast of ¥110 million for the fiscal year ending March 31, 2020. Methodologically, the report follows Japanese GAAP and includes a detailed segment analysis showing that entertainment sales dropped from ¥19,969 million to ¥4,172 million in profit contribution. A business combination with SFIDANTE Inc., completed on June 28, 2019, is disclosed but its financial impact is deemed immaterial for the current quarter. The filing also notes a grant of subscription rights to shares to directors and officers, with no immediate financial effect.

mixi

Consolidated Financial Results for the Three Months Ended June 30, 2018: Japan

The quarterly report presents mixi, Inc.’s consolidated financial performance for the three months ended June 30 2018, covering April 1 to June 30. Net sales fell 28.3 % to ¥34,561 million from ¥48,229 million in the same period a year earlier, while operating income dropped 45.4 % to ¥11,029 million from ¥20,209 million. Ordinary income and profit attributable to owners of parent declined 45.2 % and 46.8 %, respectively, reaching ¥7,294 million. Comprehensive income for the quarter was ¥7,622 million, a 44.3 % decrease from the prior year’s ¥13,696 million. Earnings per share fell to ¥94.94 (basic) and ¥94.77 (diluted) from ¥172.95 and ¥172.66 a year earlier. Total assets decreased to ¥178,800 million from ¥192,123 million, with net assets at ¥163,611 million and an equity ratio of 91.2 %. Cash and cash equivalents declined to ¥141,755 million from ¥156,190 million. The company repurchased 2,795,800 treasury shares during the quarter, increasing treasury holdings to ¥11,450 million. Dividend policy remained unchanged; no annual dividends were declared for FY2018, and a forecast of ¥62 million per quarter was maintained for FY2019. The report includes full consolidated statements, segment information (Entertainment and Lifestyle), and notes on accounting changes, such as the adoption of new tax effect accounting standards. The forecast for FY2019 projects net sales of ¥175,000 million and operating income of ¥48,000 million, representing declines of 7.5 % and 33.7 %, respectively. The document is limited to Japan, covering a single fiscal quarter within the 2018 calendar year, and relies on Japanese GAAP without external audit review.

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mixi

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FY2020 1Q Financial Results Presentation

The presentation reports fiscal year 2020 first‑quarter results for a Japanese entertainment company. Net sales reached 15.8 billion yen, operating income was 1.2 billion yen and EBITDA 1.3 billion yen, surpassing the mid‑to‑high hundred‑million yen forecast and maintaining a stable operating margin despite a quarter‑on‑quarter sales decline driven by post‑anniversary event effects and the transfer of some game titles to improve profitability. Cost controls, particularly a 1.5 billion yen reduction in advertising and outsourcing expenses, offset the sales drop and kept operating income flat. An extraordinary income from equity issuance related to a listing event contributed positively to net income. Geographically, the company expanded its flagship title “DanMachi” into 27 European markets and continued global distribution in Japan, Asia, North America, and Europe. The live‑entertainment segment launched a reality virtual platform, hosting festivals and new program formats to broaden content offerings. The advertising and media arm focused on strengthening community engagement through targeted campaigns and anime tie‑ins, while the game development pipeline aimed to release two new titles in FY 2020 and plan four to six additional releases for FY 2021. Methodologically, the figures derive from consolidated financial statements and internal cost‑tracking systems. The outlook for Q2 projects operating income around 0.5 billion yen, with increased advertising spend to activate promising titles and a continued decline in browser game revenue. The company’s investment securities, notably the Bushiroad listing, are expected to continue appreciating in value.

GREE

Consolidated Financial Results for the Six Months Ended September 30, 2018: Japan

The 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.

mixi

Consolidated Financial Results for the Nine Months Ended December 31, 2017

Consolidated financial results for mixi, Inc. cover the nine‑month period from April 1 to December 31 2017, with a forecast for the full fiscal year ending March 31 2018. Net sales declined 5.3 % to ¥135,436 million, operating income fell 15.3 % to ¥47,858 million, and profit attributable to owners of the parent dropped 35.3 % to ¥25,126 million. Comprehensive income for the period was ¥25,115 million, a 35.3 % decrease from the prior year’s ¥38,790 million. Earnings per share fell to ¥320.33 (basic) and ¥319.61 (diluted). Total assets remained stable at ¥176,315 million, while net equity rose to ¥153,791 million, giving an equity ratio of 86.9 %. The company’s dividend policy remained unchanged; no dividends were declared for the fiscal year ending March 31 2018, and a forecasted dividend of ¥64.00 million per share was announced for the second quarter. Segment analysis shows the Media Platform Business generating ¥124,559 million in net sales and a segment profit of ¥51,774 million after adjustments. The Entertainment Platform Business contributed ¥10,876 million in sales and ¥1,976 million profit. A significant impairment of ¥131 million was recorded for the Ticket Camp service, and goodwill in the Media segment was fully amortized at ¥7,597 million. Treasury share repurchases reduced treasury holdings to 229,300 shares by year‑end. Methodologically, the report follows Japanese GAAP, includes no changes in accounting policies or estimates, and relies on consolidated financial statements with a cumulative nine‑month view. The forecast for the full year projects net sales of ¥200,000 million and operating income of ¥70,000 million, representing declines of 3.5 % and 21.4 %, respectively, relative to the prior year.

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mixi

Summary of main supplementary explanations questions and answers at the FY 2020 Second Quarter GREE results briefing held on February 3, 2020 PDF

The briefing focused on GREE’s financial outlook, investment performance, and strategic initiatives across its entertainment and advertising segments. Management projected operating income for the third quarter of FY2020 to range between ¥0.5 billion and just under ¥1.0 billion, reflecting confidence in continued strong results. The rise in ordinary and net income during the second quarter was attributed to gains from listed companies and venture‑capital investments, with expectations of further upside in portfolio securities. Marketing efforts for the game “Another Eden” were highlighted, noting a doubling of overseas users through an IP collaboration with Persona 5 and enhanced digital advertising operations. In the Advertising and Media business, earnings trends were described as solid, with a target of achieving profitability within FY2020. The Live Entertainment division emphasized ongoing enhancements to the REALITY virtual live‑distribution platform, with monthly investments in development and an undecided schedule for large‑scale promotions. Regarding the broader VTuber market, management characterized it as both a talent‑based business and a live‑streaming distribution service, observing growth from both angles. The anticipated impact of 5G technology was cited as a catalyst for further expansion in the sector. Overall, the briefing underscored GREE’s focus on diversified revenue streams, strategic investment in emerging platforms, and a proactive marketing approach to sustain growth across its core business segments.

GREE

Consolidated Financial Results for the Six Months Ended September 30, 2017

The six‑month financial results for mixi, Inc., covering April 1 to September 30, 2017, show a 7.6 % increase in net sales to ¥93,256 million versus ¥86,669 million in the same period a year earlier. Operating income rose 7.7 % to ¥36,909 million, and ordinary income climbed 9.8 % to ¥37,117 million, resulting in a profit attributable to owners of ¥25,144 million—an increase of 9.9 % over the prior year. Comprehensive income for the period reached ¥25,128 million, up 10.4 % from ¥22,756 million in 2016. Basic and diluted earnings per share increased to ¥319.66 and ¥319.05 respectively, compared with ¥275.99 and ¥275.90 in 2016. Total assets grew to ¥187,460 million from ¥176,974 million, while net assets rose to ¥158,796 million, maintaining an equity ratio of 84.4 %. Cash and cash equivalents increased to ¥145,061 million, supported by a net cash inflow of ¥29,553 million from operating activities. Treasury share repurchases reduced the treasury balance to ¥1,450 million. The company forecasts full‑year 2018 results of net sales ¥200,000 million (down 3.5 %), operating income ¥70,000 million (down 21.4 %), and profit attributable to owners ¥48,000 million (down 19.8 %). Dividend policy for FY2017 and FY2018 includes quarterly payments of ¥91.00 million and ¥64.00 million respectively, with a forecasted total of ¥147.00 million for FY2017 and ¥121.00 million for FY2018. Geographically, the results pertain to Japan under Japanese GAAP. The reporting period covers a six‑month span within fiscal year 2017, with no changes in accounting policies or significant subsidiaries. The company also announced a head‑office relocation to Shibuya, expected to incur ¥662 million in selling, general and administrative expenses for FY2020.

mixi

FY2021 First Quarter Financial Results Briefing

FY2021 first‑quarter results for GREE, Inc. show a robust financial performance with net sales of 15.2 billion yen and operating income of 1.6 billion yen, exceeding forecasts and achieving an operating margin above 10 %. Net income rose sharply by 3.2 billion yen compared to the prior quarter, largely due to a valuation loss on investment securities and a partial reversal of deferred tax assets. EBITDA reached 1.8 billion yen, underscoring healthy profitability. The company’s game business drove the growth, highlighted by the global launch of SINoALICE on July 1st across 139 countries. Coin consumption in the app increased by 40 % from the previous quarter, and existing titles maintained strong sales momentum. Fixed costs fell by 1.41 billion yen, with a further 580 million yen reduction after excluding one‑time expenses, attributed to restructuring and lower outsourcing costs. The company also announced a share repurchase program capped at 20 million shares and 12 billion yen to enhance shareholder returns. Strategic expansion into China continued with the September release of DanMachi and a November launch of Another Eden, supported by local partners. The live‑entertainment platform REALITY added new content and avatar options, while the advertising and media segment grew its user base to over 10 million monthly users. Looking ahead, GREE plans to release two to three new in‑house titles annually, including Assault Lily: Last Bullet and licensed properties such as One‑Punch Man, with additional projects in development. The company expects operating income for Q2 to remain in the mid‑to‑high hundred million yen range, reinforcing its earnings pillars across game, live entertainment, and advertising/media businesses.

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GREE

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Consolidated Financial Results for the Fiscal Year Ended March 31, 2018

The consolidated financial statements for the fiscal year ending March 31, 2018 show a modest contraction in operating performance relative to 2017. Net sales fell from ¥207,161 million to ¥189,094 million, a 9.2 % decline, while gross profit decreased from ¥183,013 million to ¥166,043 million. Operating profit dropped 18.4 % from ¥89,008 million to ¥72,359 million, largely due to a 12.5 % rise in selling, general and administrative expenses despite stable cost of sales. Ordinary profit fell 18.3 % to ¥72,717 million, and after extraordinary items the profit attributable to owners of parent declined 30.8 % to ¥41,788 million. Total assets increased from ¥176,974 million to ¥192,123 million, driven by higher cash and deposits (¥134,278 → ¥156,190 million) and a significant rise in investment securities (¥2,559 → ¥3,351 million). Property, plant and equipment grew to ¥1,888 million from ¥1,286 million, reflecting capital expenditures of ¥1,329 million. Intangible assets collapsed from ¥8,954 million to ¥391 million due to the write‑off of goodwill. Shareholders’ equity expanded from ¥150,029 million to ¥169,587 million, supported by retained earnings growth and a reduction in treasury shares. Liquidity remained strong; cash and equivalents rose to ¥156,190 million. Operating cash flow improved from ¥41,303 million to ¥49,975 million, while investing activities generated a net inflow of ¥5,601 million in 2018 versus ¥1,950 million the prior year. Financing cash outflows were largely driven by treasury share repurchases and dividend payments, totaling ¥22,447 million. Overall, the company maintained solid liquidity but faced declining profitability amid higher operating costs and a significant goodwill impairment.

mixi

Consolidated Financial Results for the Three Months Ended June 30, 2016

The quarterly filing presents mixi, Inc.’s financial performance for the three months ended June 30 2016 under Japanese GAAP. Net sales declined 5.5 % to ¥47,344 million from ¥50,080 million in the same period a year earlier, while operating income fell 17.3 % to ¥20,130 million and ordinary income dropped 17.9 % to ¥19,973 million. Profit attributable to owners of parent decreased 14.9 % to ¥13,578 million, and basic earnings per share contracted from ¥197.97 in 2015 to ¥161.90 in 2016. Comprehensive income for the quarter was ¥13,508 million, a 15.4 % decline from ¥15,967 million the prior year. Total assets contracted from ¥165,039 million at March 31 to ¥144,621 million at June 30, largely due to a reduction in current assets and a modest increase in non‑current assets. Net assets rose slightly from ¥121,490 million to ¥123,729 million, raising the equity ratio to 85.6 % from 73.6 %. Treasury share repurchases increased sharply, with ¥4,797 million in treasury shares held by June 30 after a repurchase of 1,151,100 shares during the quarter. The company forecasts full‑year 2017 results of ¥218,000 million in net sales and operating income of ¥80,000 million, a 4.4 % rise in sales but a 15.8 % drop in operating income compared to the prior year. Dividend guidance for fiscal 2017 remains unchanged, with a total forecast of ¥129 million for the year. The report notes no significant changes in subsidiaries or accounting policies, and highlights a board‑approved retirement of treasury shares to improve capital efficiency.

mixi

Consolidated Financial Results for the Six Months Ended September 30, 2015

The report presents consolidated financial results for mixi, Inc. covering the six‑month period from April 1 to September 30, 2015, and provides a forecast for the fiscal year ending March 31, 2016. Net sales surged 172.8 % to ¥95,351 million, driven by a jump in external customer sales from the Media Platform Business and Entertainment Business segments. Operating income rose 204.4 % to ¥43,674 million, and ordinary income increased 202.3 % to ¥43,352 million, reflecting strong profitability and a significant reduction in interest expenses. Profit attributable to owners of parent reached ¥28,429 million, a 213.0 % increase, translating to profit per share of ¥347.23 and diluted profit per share of ¥347.01. Total assets grew 19.4 % to ¥124,480 million, with equity rising from ¥53,570 million to ¥94,826 million, raising the equity ratio to 76.2 %. Cash and cash equivalents increased markedly from ¥65,413 million to ¥84,133 million, supporting a robust liquidity position. The company’s dividend policy was revised, with an annual forecast of ¥129 million for the fiscal year ending March 31, 2016. The forecast for FY 2016 projects net sales of ¥185,000 million and operating income of ¥80,000 million, implying continued growth. Methodological changes include adoption of revised Japanese GAAP standards for business combinations and consolidated financial statements, with no material impact on the reported figures. The report covers Japan exclusively, focusing on mixi’s core social networking and entertainment services over the specified six‑month period.

mixi

Consolidated Financial Results for the Six Months Ended September 30, 2014: Japan

The consolidated financial results for mixi, Inc. cover the six‑month period from April 1 to September 30, 2014, and provide a forecast for the fiscal year ending March 31, 2015. Net sales surged to ¥34,954 million from ¥3,979 million in the same period a year earlier, reflecting a 778.3 % increase driven by expanded media and content offerings. Operating income rose to ¥14,350 million from a loss of ¥398 million, and ordinary income reached ¥14,342 million. Net income for the six months amounted to ¥9,082 million, a turnaround from a loss of ¥1,352 million in 2013, and translated into earnings per share of ¥112.97 (diluted ¥112.63). Comprehensive income for the period was ¥9,090 million. Total assets grew to ¥43,617 million from ¥26,492 million, with net assets increasing to ¥31,329 million and an equity ratio of 71.7 %. Cash and cash equivalents rose to ¥28,549 million, supporting a net cash inflow of ¥11,731 million from operating activities. The company’s dividend policy shifted to quarterly payments, with a forecast of ¥49 million for the fiscal year ending March 31, 2015. Segment analysis shows that the Media & Content Business and Life Events Business now comprise the primary revenue drivers, with significant company‑wide expense adjustments of ¥893 million. No changes in consolidation scope or accounting policies were reported, and the forecasted full‑year net sales of ¥100,000 million represent a 722.6 % increase over the prior year. The results indicate robust growth in user engagement and monetization, positioning mixi for continued expansion within Japan’s social networking and digital media markets.

mixi

Consolidated Financial Results for the Three Months Ended June 30, 2014

The quarterly filing presents mixi, Inc.’s consolidated financial results for the three months ended June 30, 2014, covering April 1 to June 30. Net sales surged 493 % from ¥2,144 million in the same period a year earlier to ¥12,718 million, driven by growth in media and content and life events segments. Operating income turned positive at ¥4,654 million versus a loss of ¥84 million in 2013, and ordinary income rose to ¥4,636 million. Net income reached ¥2,919 million, translating into earnings per share of ¥36.32 and diluted earnings per share of ¥36.27, a stark reversal from the prior year’s loss. Total assets increased to ¥31,594 million, with net assets at ¥25,128 million and an equity ratio of 79.4 %. Cash and cash equivalents grew from ¥16,818 million to ¥20,407 million, supported by operating cash flow of ¥2,918 million. The company completed a five‑for‑one stock split on July 1, 2014; all per‑share figures are adjusted as if the split had occurred at fiscal year start. Segment analysis shows media & content and life events businesses as primary revenue drivers, with a company‑wide expense adjustment of ¥479 million. No significant changes in consolidation scope or accounting estimates were reported. Dividend policy remains undecided for the fiscal year ending March 31, 2015, and a financial results briefing is scheduled for August 8, 2014.

mixi

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Quarterly Consolidated Balance Sheets: 2Q FY2013

The quarterly consolidated balance sheet and income statements for the second quarter of fiscal year 2013 reveal a contraction in both operating performance and financial position compared with the same period of fiscal year 2012. Total assets fell from ¥20,083 million to ¥17,480 million, largely due to a reduction in current assets and non‑current investments. Current liabilities decreased from ¥3,731 million to ¥2,738 million, but shareholders’ equity declined from ¥16,291 million to ¥14,664 million, driven by a lower retained earnings balance and the continued impact of treasury stock. Operating income swung from ¥1,612 million in 2Q FY2012 to a loss of ¥398 million in 2Q FY2013, reflecting higher selling, general and administrative expenses relative to sales. Net sales dropped by 41% from ¥6,817 million to ¥3,979 million, while cost of sales fell proportionally. Non‑operating losses increased sharply due to a ¥126 million loss on equity in affiliates and a ¥21 million loss on investments, offset only partially by foreign exchange gains of ¥20 million. Ordinary income turned negative, with a loss of ¥525 million in 2Q FY2013 versus a profit of ¥1,583 million previously. Comprehensive income mirrored the net loss trend, reporting a ¥1,293 million loss attributable to owners of the parent in 2Q FY2013 versus a ¥1,184 million profit in 2Q FY2012. Cash flow analysis shows operating cash outflows of ¥448 million, a significant rise in investing cash inflows to ¥2,774 million—largely from sales of subsidiary shares—and financing outflows of ¥327 million due to dividend payments. Overall, the company experienced a notable decline in profitability and equity during the second quarter of FY2013.

mixi

FY2022 Third Quarter Financial Results

The FY2022 third‑quarter financial results demonstrate robust performance in the Internet and Entertainment Business, driven by a strong launch of “Heaven Burns Red.” Net sales rose to ¥20.8 billion, up 1.34 % QoQ and 4.61 % YoY, while operating income reached ¥3.6 billion, a 1.05 % QoQ increase and 0.01 % YoY growth, reflecting successful promotion and a favorable sales mix. EBITDA matched operating income at ¥3.8 billion, indicating efficient cost management. The Investment and Incubation Business contributed a stable ¥0.4 billion to operating income, supporting long‑term value creation. Cost analysis shows total expenses increased by ¥0.3 billion QoQ, primarily due to higher advertising spend (¥1.87 bn) and a one‑time office relocation cost, yet variable costs remained controlled. Net income for the quarter was ¥2.95 billion, a 1.17 % QoQ rise but a 2.13 % YoY decline, largely attributable to lower investment gains compared with FY2021. Geographically the results cover Japan and global markets, with the Metaverse platform “REALITY” expanding features and initiating worldwide distribution. The company maintains a dividend policy of 2 % DOE, forecasting ¥11 per share for FY2022. Asset‑under‑management figures show a 4.5 bn yen QoQ increase to ¥71.4 bn, driven by gains in the GREE LP Fund and CVC investments. Methodologically, figures derive from consolidated financial statements, with detailed cost breakdowns and investment performance metrics provided. The report projects continued sales and income growth in the Internet and Entertainment segment for FY2022, while acknowledging a YoY decline in investment‑related gains.

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GREE

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Q1 2025 Investor Presentation

The Modern Times Group Q1 2025 investor presentation outlines a period of significant financial expansion, primarily driven by the strategic acquisition of Plarium. The company reported a 79% year-over-year increase in net sales in constant currencies, reaching SEK 2,557 million for the quarter. This growth is supported by a 6% organic sales increase, reflecting sustained performance across the company’s existing gaming portfolio. Key operational metrics highlight the impact of the Plarium integration, which contributed to a shift in revenue streams and user development. The company maintained a healthy adjusted EBITDA margin of 24% for the quarter, despite increased investment in marketing to scale new and established titles. Cash flow remains a central pillar of the company’s financial health, with SEK 538 million generated from operations in Q1 2025 and a free cash flow of SEK 143 million after accounting for earnout payments. The company’s leverage ratio stands at 0.82x, supported by an LTM EBITDA of SEK 3,058 million. The scope of the presentation covers the global gaming operations of the company, with a specific focus on the transition period following the February 1, 2025, consolidation of Plarium. The portfolio includes a diverse range of franchises, such as strategy, simulation, racing, and word games. Looking ahead, the company maintains a positive outlook for the full year 2025, projecting organic sales growth between 3% and 7% and an adjusted EBITDA margin in the range of 21% to 24%. Future performance is expected to depend on disciplined marketing investments, the successful scaling of new game titles, and continued geographical expansion efforts.

Modern Times Group