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STUDIOS S.A.<sub>FOR </sub>NINE QUARTERLY REPORT OF 11 BITSTUDIOS S.A. FOR NINE MONTHS ENDED Dear Shareholders and Investors, It is our pleasure to present to you the report of 11 bit studios S.A. for the nine months ended September 30th 2020. The results for this period, which proved better than we assumed in the budget, clearly demonstrate that the consistent implementation of the Company's growth strategy is bringing measurable financial results.
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.