mixi

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115 documents

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Consolidated Financial Results for the Nine Months Ended December 31, 2022

This financial report details the consolidated results for MIXI, Inc. during the first nine months of the fiscal year ending March 31, 2023. The company reported net sales of ¥104,802 million, representing a 24.6% increase over the previous year, and a 67.7% rise in operating income to ¥19,073 million. Despite these gains, profit attributable to owners of the parent fell by 72.8% to ¥2,020 million. This decline was primarily driven by significant non-operating and extraordinary losses, including a ¥4,818 million impairment loss related to the equity-method associate bitbank, inc., and a ¥4,468 million loss stemming from the withdrawal from certain new product developments. The scope of the report covers the company’s four primary business segments: Digital Entertainment, Sports, Lifestyle, and the newly established Investment Business. Digital Entertainment remains the primary revenue driver, largely fueled by the performance of the mobile game Monster Strike, contributing ¥73,457 million in net sales and ¥31,806 million in segment profit. The Sports and Lifestyle segments also saw revenue growth, though the Sports segment continued to operate at a loss. The Investment Business was officially designated as a main line of business during this period, leading to a reclassification of investment-related income and assets. Methodologically, the results are prepared under Japanese GAAP and include consolidated balance sheets, statements of income, and cash flow analysis. The company revised its full-year forecast, projecting net sales of ¥142,000 million and a 51.3% decrease in annual profit attributable to owners of the parent compared to the prior year. MIXI maintains a strong equity ratio of 80.8% and continues to distribute an annual dividend of ¥110 per share.

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MIXI, Inc.Feb 2023

Financial

Consolidated Financial Results for the Six Months Ended September 30, 2022

MIXI, Inc. reported its consolidated financial results for the first half of the fiscal year ending March 31, 2023, covering the period from April 1, 2022, to September 30, 2022. The data reflects a period of significant revenue growth alongside a sharp decline in net profit due to extraordinary losses. Net sales rose 21.1% year-over-year to ¥65,734 million, and operating income increased 23.1% to ¥11,249 million. However, profit attributable to owners of the parent fell 68.2% to ¥1,960 million. This bottom-line decrease was primarily driven by ¥6,474 million in extraordinary losses, including a ¥4,468 million loss related to the withdrawal from certain business developments and an ¥875 million loss on the sale of shares in PIST6, Inc. The company’s operations are divided into four reportable segments: Digital Entertainment, Sports, Lifestyle, and a newly established Investment Business segment. Digital Entertainment remains the primary driver of performance, contributing ¥47,608 million in net sales, largely fueled by the mobile game Monster Strike. The Sports and Lifestyle segments reported net sales of ¥12,995 million and ¥3,508 million, respectively, though both recorded segment losses. The Investment Business, now classified as a main line of business, contributed ¥1,551 million in sales. During this period, MIXI also completed the 100% acquisition of CONNECTIT Inc., a New Year's card online service, for ¥700 million to consolidate its market position in that niche. Geographically focused on the Japanese market, the company maintains a strong financial position with total assets of ¥221,903 million and an equity ratio of 82.0%. Despite the first-half revenue growth, MIXI revised its full-year forecast downward, projecting a 51.3% decline in annual profit attributable to owners. The company plans to maintain a total annual dividend of ¥110.00 per share. These results were prepared under Japanese GAAP and have not undergone a full statutory audit.

investment market-analysis japan+1

MIXI, Inc.Nov 2022

Financial

Consolidated Financial Results for the Three Months Ended June 30, 2022

Mixi, Inc. reported consolidated financial results for the first quarter of the fiscal year ending March 31, 2023, covering the period from April 1 to June 30, 2022. The data reveals a period of revenue growth alongside declining profitability. Net sales rose 8.7% year-over-year to ¥31,022 million, primarily driven by the Digital Entertainment segment and its flagship title, Monster Strike. However, operating income fell 7.6% to ¥5,557 million, and profit attributable to owners of the parent decreased 13.1% to ¥3,524 million. This contraction in earnings is attributed to increased cost of sales and higher selling, general, and administrative expenses. The company’s operations are divided into four reportable segments: Digital Entertainment, Sports, Lifestyle, and the newly established Investment Business. Digital Entertainment remains the primary profit driver, contributing ¥10,750 million in segment profit. In contrast, the Sports and Lifestyle segments reported losses of ¥653 million and ¥173 million, respectively. The Investment Business, elevated to a main line of business this quarter, contributed ¥179 million in profit. This structural change led to a reclassification of assets, with ¥14,400 million in investment securities moved to current assets as operational investment securities. Geographically focused on the Japanese market, the company maintains a strong financial position with total assets of ¥215,217 million and an equity ratio of 84.9%. Despite the quarterly decline in profit, Mixi maintained its full-year forecast, projecting net sales of ¥120,000 million and a significant 51.3% year-over-year drop in annual profit to ¥5,000 million. The company also confirmed a planned annual dividend of ¥110.00 per share and noted the issuance of new stock options to directors in July 2022.

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mixiAug 2022

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022

Mixi, Inc. experienced a period of transition during the fiscal year ended March 31, 2022, characterized by stable net sales of ¥118,099 million but a significant 34.6% decline in net profit to ¥10,262 million. This contraction in profitability stemmed from increased operating costs, substantial impairment losses in the Sports segment—specifically regarding the PIST6 business—and a ¥2,098 million loss on the valuation of investment securities. Cash reserves also saw a marked decrease, falling by ¥31.3 billion to ¥118.4 billion, as the company prioritized aggressive capital allocation toward treasury share purchases and strategic acquisitions. The Digital Entertainment segment continues to serve as the primary economic engine, generating ¥91.2 billion in revenue. Performance in this sector was heavily influenced by the flagship title Monster Strike and the adoption of new revenue recognition standards that defer income based on the estimated period of character utility. While the Sports and Lifestyle segments achieved year-over-year revenue growth, both remained unprofitable at the operating level. To address these imbalances and diversify its portfolio, the company completed the acquisition of TOKYO FOOTBALL CLUB Co., Ltd. and Lovegraph Inc., signaling a long-term commitment to expanding its footprint in professional sports and family-oriented digital services. Looking toward the 2023 fiscal year, the financial outlook remains cautious. Although net sales are projected to rise slightly by 1.6%, profit attributable to owners is expected to fall by an additional 51.3% to ¥5,000 million. This forecast reflects ongoing investment requirements and a structural reorganization of reporting segments, which will introduce a dedicated Investment category. These shifts indicate a strategic pivot toward balancing the mature cash flows of the gaming division with high-growth, capital-intensive ventures in broader entertainment and sports markets.

investment market-analysis japan+1

mixiMay 2022

Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2021

Mixi, Inc. experienced a period of financial contraction and strategic pivot during the nine months ending December 31, 2021. Net sales fell 7.6% to ¥81,089 million, while profit attributable to owners saw a sharper decline of 28.8% to ¥7,428 million. These results prompted management to issue a downward revision for the full-year forecast, anticipating an annual profit decrease of over 40% compared to the prior fiscal year. Despite these declines, the company maintains a robust equity ratio of 84.4%, though cash reserves were reduced by more than ¥30 billion to fund aggressive investment activities and a ¥7.5 billion share buyback program. The financial landscape was notably influenced by a shift in accounting standards regarding revenue recognition for the flagship title Monster Strike. By transitioning from recognizing revenue at the point of virtual currency consumption to an estimated period of character utility, the company realized a ¥1,272 million increase in operating income. This technical adjustment reflects a broader effort to modernize financial reporting while navigating the maturation of its core gaming assets. Strategically, the organization is diversifying its portfolio through significant capital allocation in the sports and medical sectors. The acquisition of a 51.3% controlling stake in TOKYO FOOTBALL CLUB (F.C. Tokyo) for ¥1.15 billion and a substantial investment in the medical service CALL DOCTOR signal a move toward multi-industry expansion. Furthermore, the commitment of up to ¥6 billion in credit facilities for the development of arena leasing operations via TOKYO-BAY ARENA Co., Ltd. underscores a long-term thesis focused on physical entertainment infrastructure and sports management as future growth drivers.

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mixiFeb 2022

Financial

Consolidated Financial Results for the Six Months Ended September 30, 2021

Mixi, Inc. reported a decline in financial performance for the first half of the fiscal year ending March 31, 2022, covering the period from April 1, 2021, to September 30, 2021. Net sales reached ¥51,587 million, a 12.2% decrease compared to the same period in the previous year. Profitability saw a more significant contraction, with operating income falling 47.5% to ¥7,382 million and profit attributable to owners of the parent decreasing 33.9% to ¥6,167 million. Despite these declines, the company maintained a strong financial position with an equity ratio of 85.2% and total assets of ¥215,166 million. The Digital Entertainment Business, primarily driven by the flagship title Monster Strike, remains the company's largest segment but experienced a drop in net sales from ¥51,438 million to ¥40,699 million. Conversely, the Sports Business saw growth, with revenue increasing from ¥5,377 million to ¥8,000 million, though it continued to operate at a segment loss. The Lifestyle Business showed improvement, moving from a loss to a modest profit of ¥48 million. A significant portion of the report details the adoption of new Accounting Standards for Revenue Recognition. For Monster Strike, the company transitioned from recognizing revenue at the point of in-game currency consumption to recognizing it over the estimated period of character use. Additionally, transaction prices are now allocated across both paid and free "orbs" because they provide equivalent functional value. While these changes resulted in a ¥667 million increase in beginning retained earnings, the impact on the current period's operating income was minimal. Looking ahead, Mixi revised its full-year forecast for the fiscal year ending March 31, 2022, providing a range of estimates that anticipate continued year-on-year declines. Net sales are projected between ¥105,000 million and ¥110,000 million, while operating income is expected to fall between 78.2% and 91.3% compared to the previous fiscal year. The company intends to maintain its annual dividend at ¥110.00 per share.

investment market-analysis japan+1

mixiNov 2021

Financial

Consolidated Financial Results for the Three Months Ended June 30, 2021

Mixi, Inc. reported consolidated financial results for the first quarter of the fiscal year ending March 31, 2022, covering the period from April 1, 2021, to June 30, 2021. The data reveals a year-on-year decline across primary financial metrics. Net sales reached ¥28,366 million, a 3.4% decrease from the previous year, while operating income fell 19.4% to ¥6,011 million. Profit attributable to owners of the parent dropped 17.7% to ¥4,054 million. Despite these declines, the company maintains a strong financial position with an equity ratio of 85.6% and total assets valued at ¥217,762 million. The Digital Entertainment Business remains the primary revenue driver, contributing ¥22,596 million in sales, largely through the flagship title Monster Strike. However, segment profit for this division decreased from ¥12,482 million to ¥10,586 million year-on-year. The Sports Business saw a significant revenue increase to ¥4,047 million but continued to operate at a loss of ¥681 million. The Lifestyle Business showed improvement, turning a profit of ¥159 million compared to a loss in the prior year. A significant accounting change occurred during this period with the adoption of the Accounting Standard for Revenue Recognition. This impacted how revenue is recognized for Monster Strike, shifting from the point of in-game currency consumption to a recognition model based on the estimated period of character use. While this change led to a ¥667 million increase in beginning retained earnings, its impact on the current quarter's operating income was minimal. Looking ahead, the full-year forecast for the fiscal year ending March 31, 2022, remains unchanged, with net sales projected between ¥115,000 million and ¥120,000 million. This forecast anticipates a substantial year-on-year decrease in profitability, with operating income expected to fall between 34.6% and 47.7%. The company also confirmed a planned annual dividend of ¥110 per share.

investment market-analysis japan+1

mixiAug 2021

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

Mixi, Inc. achieved significant financial growth during the fiscal year ended March 31, 2021, characterized by a 6.4% increase in net sales to ¥119.3 billion and a substantial 45.8% rise in profit attributable to owners, totaling ¥15.6 billion. This performance was underpinned by a surge in net cash from operating activities, which nearly doubled to ¥34.7 billion. The company’s liquidity remains exceptionally strong, concluding the period with ¥149.8 billion in cash and cash equivalents. This robust capital position supported a stable dividend of ¥110 per share and the authorization of a ¥10 billion share repurchase program intended to enhance capital efficiency. Strategic realignments and acquisitions defined the corporate landscape during this period. The group restructured its operations into three core segments: Digital Entertainment, Sports, and Lifestyle. Following the finalized accounting for acquisitions such as Chiba Jets Funabashi and Net Dreamers, the company reallocated significant costs toward customer-related intangible assets. Expansion into the sports and hospitality sectors continued post-period with the acquisition of a 20.02% stake in HUB CO., LTD. for approximately ¥1 billion, signaling a commitment to diversifying the portfolio beyond traditional digital gaming. Despite the strong historical performance, the outlook for the 2022 fiscal year remains conservative. Projections indicate a potential contraction in profitability, with operating income and net profit forecasted to decline by as much as 47.7% and 45.8%, respectively. This cautious guidance suggests that while the company successfully navigated the previous year's market conditions and improved its cash flow through disciplined investing and operational growth, it anticipates significant headwinds or increased investment requirements that may impact short-term earnings.

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mixiMay 2021

Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2020

Mixi, Inc. reported significant growth in its consolidated financial results for the first nine months of the fiscal year ending March 31, 2021. Net sales reached ¥87,737 million, a 21.2% increase over the same period in the previous year. Profitability saw a substantial recovery, with operating income rising 405.9% to ¥15,461 million and profit attributable to owners of the parent reaching ¥10,433 million, compared to just ¥402 million in the prior year. This performance was driven largely by the Digital Entertainment Business, which generated ¥74,027 million in sales and ¥31,731 million in segment profit. The company restructured its reporting segments during this period to reflect its evolving portfolio, now categorizing operations into Digital Entertainment, Sports, and Lifestyle businesses. While Digital Entertainment remains the primary profit driver, the Sports Business saw a significant revenue increase to ¥8,866 million, though it recorded a segment loss of ¥4,448 million. The Lifestyle Business neared break-even with a minor loss of ¥22 million on sales of ¥4,843 million. Financial stability remains high, with an equity ratio of 84.5% and cash and deposits increasing to ¥144,240 million. The results also reflect the finalization of provisional accounting for the acquisitions of Chiba Jets Funabashi Co., Ltd. and Net Dreamers Co., Ltd. These adjustments led to a significant reallocation of acquisition costs from goodwill to customer-related intangible assets. Looking forward, the full-year forecast anticipates net sales of ¥120,000 million and a profit of ¥13,000 million. The company maintained its annual dividend forecast at ¥110 per share, signaling confidence in its cash flow and long-term financial position despite the inherent volatility of the entertainment sector.

investment market-analysis japan+1

mixiFeb 2021

Financial

Consolidated Financial Results for the Six Months Ended September 30, 2020

These consolidated financial results for mixi, Inc. cover the six-month period ending September 30, 2020, providing a comprehensive overview of the company’s fiscal performance and segment reclassification. During this period, the company experienced significant growth, with net sales rising 25.4% to ¥58,752 million. Profitability saw a substantial surge compared to the previous year; operating income increased by 257.1% to ¥14,050 million, while profit attributable to owners of the parent grew by 334.3% to reach ¥9,333 million. This performance led to a revised full-year forecast, projecting annual net sales of ¥120,000 million and a 20.8% increase in annual profit. The results highlight a strategic shift in business reporting, as the company redefined its segments into Digital Entertainment, Sports, and Lifestyle. The Digital Entertainment Business remains the primary revenue driver, contributing ¥51,438 million in sales and ¥24,840 million in segment profit. The Sports Business, which now includes five previously reclassified subsidiaries, saw a significant increase in scale with sales of ¥5,377 million, though it recorded a segment loss of ¥2,452 million. The Lifestyle Business remained relatively stable, contributing ¥1,936 million in sales. Financially, the company maintains a strong position with total assets of ¥215,582 million and an equity ratio of 86.5%. Cash and deposits increased to ¥141,671 million, supported by ¥22,178 million in net cash provided by operating activities. The period also involved the finalization of provisional accounting for acquisitions, including Chiba Jets Funabashi Co., Ltd. and Net Dreamers Co., Ltd., which resulted in significant adjustments to intangible assets and a reduction in previously estimated goodwill. Dividends remained consistent with forecasts at ¥55.00 per share for the second quarter.

investment market-analysis japan+1

mixiNov 2020

Financial

Consolidated Financial Results for the Three Months Ended June 30, 2020

This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2021, covering the period from April 1, 2020, to June 30, 2020. The data reveals a period of significant year-over-year growth, with net sales increasing 41.3% to ¥29,360 million. Profitability saw even more dramatic gains; operating income rose 370% to ¥7,478 million, while profit attributable to owners of the parent climbed 340.4% to ¥4,891 million. These results were achieved despite a global economic environment impacted by the COVID-19 pandemic. The company’s performance is driven primarily by its Digital Entertainment Business, which contributed ¥25,997 million in net sales and ¥12,482 million in segment profit. During this period, the company restructured its reporting segments to better reflect its evolving portfolio, splitting its previous structure into Digital Entertainment, Sports, and Lifestyle businesses. While the Digital Entertainment segment remained the primary profit engine, the Sports Business and Lifestyle Business segments reported operating losses of ¥1,020 million and ¥306 million, respectively, as the company continued to invest in these areas. The financial position remains robust, with total assets valued at ¥203,491 million and an equity ratio of 88.7%. Cash and deposits increased to ¥132,118 million, providing significant liquidity. Despite the strong first-quarter performance, the full-year forecast was revised to project a decline in annual net sales and profit compared to the previous fiscal year, with net sales estimated at ¥105,000 million. Subsequent to the quarter's end, the company announced the establishment of a ¥3,000 million investment fund focused on digital transformation in the live entertainment field, signaling a continued strategic shift toward technology-driven entertainment synergies.

investment market-analysis japan+1

mixiAug 2020

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2020

Mixi Group experienced a period of significant financial contraction and strategic transition during the fiscal year ended March 31, 2020. Net sales fell by 22.1% to ¥112,171 million, while profit attributable to owners of the parent plummeted by 59.6% to ¥10,724 million. This downturn was primarily driven by the Entertainment Business, where revenue dropped from ¥138,605 million to ¥107,216 million, causing basic earnings per share to decline from ¥350.26 to ¥142.33. Despite these challenges, the organization maintained a robust equity ratio of 90% and held ¥180,938 million in total net assets, signaling a stable capital base amidst declining operational performance. The fiscal year was characterized by aggressive inorganic growth and diversification within the Japanese market, which accounts for over 90% of total sales and assets. Cash outflows for investing activities rose sharply to ¥30.7 billion, largely due to the acquisition of subsidiaries such as Chariloto Co., Ltd. and Net Dreamers Co., Ltd. The latter acquisition alone accounted for ¥15 billion, contributing to a substantial increase in unamortized goodwill, which reached ¥17,315 million. These investments reflect a strategic pivot toward integrating sports media and professional team management into the core portfolio, even as impairment losses were recorded in underperforming entertainment retail segments. Looking toward the 2021 fiscal year, projections indicate continued pressure on the bottom line, with net sales expected to contract further to ¥100,000 million and profits forecasted to drop to ¥6,500 million. Cash and cash equivalents decreased by ¥19 billion during the period to end at ¥125.4 billion, yet the dividend policy remained steady at ¥115 to ¥120 per share. This financial trajectory highlights a company utilizing its significant cash reserves to fund a structural shift toward new lifestyle and entertainment segments while managing the diminishing returns of its legacy business lines.

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mixiMay 2020