mixi

Organization

115 documents

Documents

Consolidated Financial Results for the Nine Months Ended December 31, 2019

Mixi, Inc. reported a significant downturn in financial performance for the nine months ended December 31, 2019, characterized by a sharp contraction in both revenue and profitability. Net sales fell 31.7% year-over-year to ¥72,364 million, while operating income plummeted 88.6% to ¥3,076 million. Profit attributable to owners of the parent saw the most drastic decline, falling 97.5% to just ¥426 million. These results reflect a challenging period for the company’s core segments, particularly the Entertainment Business, where segment profit dropped from ¥34,297 million to ¥13,267 million. The geographic scope of these results is centered on Japan, covering the first three quarters of the 2019 fiscal year. The data highlights a transition in corporate strategy, as the company aggressively pursued acquisitions to diversify its portfolio into the sports and sports betting industries. Key transactions during this period included the acquisition of Chiba Jets Funabashi Inc., a professional basketball team, for ¥1,019 million, and Net Dreamers Co., Ltd., a sports media operator, for ¥15,000 million. These moves contributed to a substantial increase in goodwill, which rose to ¥18,481 million by the end of the period. Despite the current earnings pressure, the company maintains a strong consolidated financial position with total assets of ¥194,531 million and an equity ratio of 87.4%. Cash and deposits remained substantial at ¥124,196 million, though this was a decrease from the previous year-end due to investment activities and dividend payments. Looking ahead, the full-year forecast was revised downward, with net sales expected to reach ¥103,000 million and profit attributable to owners of the parent projected at ¥4,000 million, representing an 84.9% decrease from the prior fiscal year.

investment mergers-acquisitions japan+1

mixiFeb 2020

Financial

Consolidated Financial Results for the Six Months Ended September 30, 2019

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.

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mixiNov 2019

Financial

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

This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2020, covering the period from April 1, 2019, to June 30, 2019. The data reveals a significant year-over-year downturn across all primary financial metrics. Net sales fell by 39.9% to ¥20,780 million, while operating income saw a sharp decline of 85.2%, dropping to ¥1,637 million. Profit attributable to owners of the parent followed a similar trajectory, decreasing 84.4% to ¥1,134 million. The downturn is primarily driven by the Entertainment Business segment, which saw sales contract from ¥32,709 million in the previous year's first quarter to ¥19,969 million. The Lifestyle Business also experienced a decline in revenue and recorded a segment loss of ¥272 million. Despite these operational challenges, the company maintains a robust financial position with total assets of ¥186,409 million and a high equity ratio of 93.8%. Cash and deposits remain substantial at ¥138,393 million, though this represents a decrease from the previous fiscal year-end. A key strategic development during this period was the 100% acquisition of SFIDANTE Inc. for ¥1,599 million. This move aims to integrate SFIDANTE’s smartphone-photo print services with mixi’s "FamilyAlbum" app to enhance family-oriented communication offerings. The acquisition resulted in the recognition of approximately ¥1,504 million in provisional goodwill. Looking ahead, the full-year forecast remains cautious, projecting net sales of ¥100,000 million and a profit of ¥3,000 million, representing anticipated annual declines of 30.6% and 88.7%, respectively. To align leadership interests with shareholder value during this transition, the company also authorized the granting of over 400,000 stock options to directors and corporate officers in July 2019.

investment mergers-acquisitions japan+1

mixiAug 2019

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2019

Mixi, Inc. experienced a significant contraction during the fiscal year ended March 31, 2019, characterized by a 23.8% decline in net sales to ¥144,032 million and a 36.5% drop in profit attributable to owners to ¥26,521 million. Operating income fell by 43.3%, largely due to a downturn in the core Entertainment Business, which includes the flagship title Monster Strike. This downward trend is expected to persist, with forecasts predicting a further 30.6% decrease in net sales for the upcoming fiscal year. Despite these challenges, the firm maintains a robust financial foundation, evidenced by a 92.9% equity ratio and a commitment to shareholder returns through ¥120 per share in dividends and ¥10.1 billion in treasury share purchases. Strategic restructuring defined the period as the organization sought to pivot away from underperforming assets and toward new growth sectors. The company divested from subsidiaries Diverse, Inc. and nohana, Inc., withdrew from its telecommunications-related business, and absorbed the impact of closing the Ticket Camp service, which involved a substantial extraordinary loss. To diversify its portfolio, the firm acquired Chariloto Co., Ltd. for ¥5,000 million, signaling an expansion into sports entertainment and the keirin betting market. This shift was accompanied by a reclassification of reporting segments into Entertainment and Lifestyle to better align with long-term digital service goals. Cash flow dynamics reflected the broader operational slowdown, with net cash from operating activities falling from ¥49,975 million to ¥18,113 million. While basic earnings per share decreased from ¥533.48 to ¥350.26, net assets per share grew to ¥2,368.05. The organization enters the next fiscal cycle with a focus on stabilizing its core gaming assets while integrating new sports-related acquisitions to offset the volatility of its traditional entertainment offerings.

investment market-analysis japan+1

mixiMay 2019

Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2018

Mixi, Inc. reported a significant decline in financial performance for the nine-month period ending December 31, 2018, compared to the same period in the previous year. Net sales fell by 21.7% to ¥105,983 million, while operating income and ordinary income both dropped by approximately 44%, reaching ¥26,899 million and ¥26,985 million, respectively. Profit attributable to owners of the parent decreased by 31.9% to ¥17,101 million. These results reflect a downturn in the company’s core business segments and include a ¥2,018 million extraordinary loss related to business withdrawals. The Entertainment Business remains the primary revenue driver, contributing ¥101,590 million in sales, though this represents a decrease from the ¥124,559 million generated in the prior year. The Lifestyle Business, formerly part of the Media Platform segment, saw a sharper decline, with sales falling from ¥10,876 million to ¥4,393 million. This segment also recorded a loss of ¥1,245 million, exacerbated by the previous year's decision to shut down the Ticket Camp service, which resulted in a total goodwill amortization of ¥7,597 million. Despite the decline in earnings, the company maintains a strong financial position with an equity ratio of 91.0% and total assets of ¥185,298 million. Cash and cash equivalents stood at ¥140,880 million at the end of the period, following significant outflows for treasury share repurchases totaling over ¥10,000 million and dividend payments of ¥7,991 million. For the full fiscal year ending March 31, 2019, the company forecasts net sales of ¥155,000 million and a 35.4% decrease in annual profit compared to the previous fiscal year.

investment market-analysis japan+1

mixiFeb 2019

Financial

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

These consolidated financial results for mixi, Inc. cover the six-month period ending September 30, 2018. The data reveals a significant year-over-year downturn in financial performance across all primary metrics. Net sales decreased by 23.8% to ¥71,044 million, while operating income fell 43.9% to ¥20,723 million. Profit attributable to owners of the parent saw the sharpest decline, dropping 48.6% to ¥12,924 million compared to the same period in 2017. The company’s operations are divided into two primary reportable segments: Entertainment and Lifestyle. The Entertainment Business remains the dominant revenue driver, contributing ¥68,044 million in sales, though this represents a decrease from the ¥86,252 million recorded in the previous year. The Lifestyle Business saw a more drastic contraction, with sales falling from ¥7,003 million to ¥3,000 million, resulting in a segment loss of ¥815 million. This decline is partially attributed to a loss on business withdrawal totaling ¥2,018 million recorded as an extraordinary loss. Despite the reduction in earnings, the company maintains a strong financial position with total assets of ¥187,788 million and an equity ratio of 90.1%. Cash and deposits remain high at ¥147,921 million. Significant capital activity during the period included the repurchase of 2,795,800 treasury shares, valued at approximately ¥9,455 million. Looking ahead, the full-year forecast for the fiscal year ending March 31, 2019, has been revised downward. The company expects annual net sales of ¥155,000 million and a 42% decrease in operating income compared to the previous fiscal year. Dividends are projected at ¥120 per share for the full year, a slight decrease from the ¥121 paid in the prior period. These results were prepared under Japanese GAAP and have not been subject to a full quarterly review by an external audit firm.

investment market-analysis japan+1

mixiNov 2018

Financial

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

Mixi, Inc. reported a significant decline in financial performance for the first quarter of fiscal year 2019, covering the three-month period ended June 30, 2018. Net sales fell by 28.3% year-over-year to ¥34,561 million, while operating income dropped 45.4% to ¥11,029 million. Profit attributable to owners of the parent followed a similar downward trend, decreasing 46.8% to ¥7,294 million. Despite these contractions, the company maintained a strong financial position with an equity ratio of 91.2% and total assets of ¥178,800 million. The results reflect a transition in the company’s business portfolio, marked by a reclassification of reportable segments into Entertainment and Lifestyle businesses. The Entertainment segment remains the primary revenue driver, contributing ¥32,709 million in sales, though this represents a sharp decline from the ¥44,981 million generated in the same period the previous year. The Lifestyle segment recorded a loss of ¥424 million on sales of ¥1,851 million. Cash flow data indicates a substantial increase in treasury share repurchases, totaling approximately ¥10,000 million during the quarter, which contributed to a decrease in cash and deposits. Looking ahead, the full-year forecast for the period ending March 31, 2019, anticipates continued pressure on margins. Annual net sales are projected at ¥175,000 million, a 7.5% decrease from the prior year, with operating income expected to fall by 33.7% to ¥48,000 million. To align executive interests with shareholder value during this period, the company resolved to issue share remuneration-type stock options to its directors. The financial data was prepared in accordance with Japanese GAAP and underwent internal review prior to its release to institutional investors and analysts on the Tokyo Stock Exchange.

investment market-analysis japan+1

mixiAug 2018

Financial

Consolidated Balance Sheets (FY2017)

The consolidated financial results for the fiscal year ending March 31, 2018, reveal a period of significant asset growth contrasted with declining profitability. Total assets increased from ¥176.9 billion to ¥192.1 billion, driven largely by a rise in cash and deposits, which reached ¥156.2 billion. However, net sales fell from ¥207.2 billion in the previous year to ¥189.1 billion. This contraction in revenue, combined with relatively stagnant selling and administrative expenses, resulted in operating profit dropping from ¥89.0 billion to ¥72.4 billion. Profitability was further impacted by substantial extraordinary losses, most notably a ¥7.6 billion amortization of goodwill that reduced intangible assets to near zero. Consequently, profit attributable to owners of the parent fell by approximately 30%, ending at ¥41.8 billion compared to ¥59.9 billion in the prior fiscal year. Despite lower net income, the financial position remains liquid, with total liabilities decreasing to ¥21.7 billion and net assets rising to ¥170.4 billion. Cash flow analysis indicates robust operational health, as net cash provided by operating activities grew to ¥50.0 billion, up from ¥41.3 billion. This was supported by a significant reduction in income taxes paid. The organization continued aggressive shareholder return and capital restructuring strategies, including the purchase of ¥10.0 billion in treasury shares and the payment of ¥12.2 billion in dividends. Investment activities focused on property, plant, and equipment, as well as guarantee deposits, while the overall cash position strengthened by over ¥21.9 billion during the period.

investment market-analysis japan+1

mixiMay 2018

Financial

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

Mixi, Inc. reported consolidated financial results for the first nine months of the fiscal year ending March 31, 2018, reflecting a period of contraction compared to the previous year. Net sales reached ¥135.4 billion, a 5.3% decrease, while operating income fell 15.3% to ¥47.8 billion. The most significant decline was observed in profit attributable to owners of the parent, which dropped 35.3% to ¥25.1 billion. This sharp decrease in net profit was largely driven by a substantial extraordinary loss of ¥7.59 billion related to the full amortization of goodwill for the Ticket Camp service. The company’s operations are divided into two primary segments: the Entertainment Business and the Media Platform Business. The Entertainment Business remains the dominant revenue driver, contributing ¥124.5 billion in sales, though this was down from ¥131.8 billion in the prior year. The Media Platform Business saw a slight decline in sales to ¥10.8 billion. A critical development during the third quarter was the decision to terminate the Ticket Camp service operated by subsidiary Hunza, Inc., resulting in the aforementioned goodwill amortization and an additional impairment loss of ¥131 million. Despite the decline in profitability, the financial position remains stable with an equity ratio of 86.9% and total assets of ¥176.3 billion. Cash and cash equivalents increased to ¥136.7 billion, supported by strong net cash provided by operating activities. The company maintained its full-year forecast, projecting net sales of ¥200 billion and a profit of ¥40.2 billion. Dividend forecasts were also reaffirmed, with a planned total annual dividend of ¥121.00 per share, reflecting a commitment to shareholder returns despite the non-recurring losses associated with the closure of the Ticket Camp platform.

investment japan market-analysis+1

mixiFeb 2018

Financial

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

Mixi, Inc. reported consolidated financial results for the first half of the fiscal year ending March 31, 2018, covering the period from April 1, 2017, to September 30, 2017. During this six-month window, the company experienced growth across all primary financial metrics compared to the previous year. Net sales rose 7.6% to ¥93,256 million, while operating income increased 7.7% to ¥36,909 million. Profit attributable to owners of the parent reached ¥25,144 million, representing a 9.9% year-over-year increase. The company maintained a strong financial position with an equity ratio of 84.4% and total assets valued at ¥187,460 million. Performance was driven largely by the Entertainment Business segment, which accounted for ¥86,252 million in external sales and ¥39,087 million in segment profit. The Media Platform Business contributed ¥7,003 million in sales and ¥1,675 million in profit. Despite the positive mid-year results, the full-year forecast suggests a conservative outlook, with anticipated declines in annual net sales and operating income of 3.5% and 21.4%, respectively. This outlook factors in rising selling, general, and administrative expenses, including costs associated with the planned relocation of the head office to Shibuya Scramble Square scheduled for 2019. Strategic financial activities during the period included significant treasury share transactions, including the retirement of over 3.6 million shares and the repurchase of 1.5 million shares. Cash flow remains robust, with net cash provided by operating activities increasing significantly to ¥29,553 million. The company also revised its dividend forecast, projecting a total annual dividend of ¥121.00 per share. These results, prepared under Japanese GAAP, reflect a period of operational stability and strategic consolidation as the company prepares for future infrastructure changes and business expansion.

investment market-analysis japan+1

mixiNov 2017

Financial

Consolidated Financial Results for the Three Months Ended June 30, 2017

This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2018, covering the period from April 1 to June 30, 2017. The data reveals a period of stable performance with slight year-over-year growth. Net sales reached ¥48,229 million, representing a 1.9% increase compared to the same period in the previous year. Operating income and ordinary income also saw marginal gains, rising to ¥20,209 million and ¥20,130 million respectively. Profit attributable to owners of the parent grew by 1.0% to ¥13,713 million, resulting in basic earnings per share of ¥172.95. The company’s operations are divided into two primary segments: the Entertainment Business and the Media Platform Business. The Entertainment Business remains the dominant revenue driver, contributing ¥44,981 million in net sales and ¥21,081 million in segment profit. In contrast, the Media Platform Business generated ¥3,247 million in sales and ¥817 million in profit. Despite the steady quarterly performance, the full-year forecast suggests a more conservative outlook, with anticipated declines in net sales (down 3.5%) and operating income (down 21.4%) by the end of the fiscal year in March 2018. Strategic financial management during the quarter focused heavily on shareholder returns and capital efficiency. The company executed significant treasury share repurchases, totaling over 1.5 million shares for approximately ¥10 billion between May and July 2017. Furthermore, the Board of Directors resolved to retire 1,447,200 treasury shares in August 2017 and approved the issuance of share remuneration-type stock options for directors. The company maintains a strong financial position with an equity ratio of 85.7% and total assets valued at ¥175,816 million as of June 30, 2017.

investment market-analysis japan+1

mixiAug 2017

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2017

Mixi, Inc. concluded the fiscal year ending March 31, 2017, with a stable but slightly contracting financial performance, reporting net sales of ¥207.1 billion and a profit of ¥59.8 billion. These figures represent marginal year-over-year declines of 0.8% and 1.9%, respectively. Despite this cooling growth, the organization significantly bolstered its balance sheet, increasing its equity ratio to 84.9% and maintaining a robust cash position of ¥134.2 billion. This financial stability was achieved alongside strategic portfolio adjustments, including the acquisition of Compath Me Inc. and the divestiture of non-core assets such as MUSE & Co., Ltd. and mixi research, Inc. The Entertainment Business remains the primary engine of the company, generating 93% of total revenue and contributing ¥89 billion in segment profit. To sustain this dominance, the organization increased advertising expenditures to ¥20.8 billion. Meanwhile, the Media Platform segment continues to manage significant goodwill assets totaling over ¥8.6 billion. Management has prioritized shareholder returns and capital efficiency through aggressive equity management, retiring 2.4 million treasury shares during the period and authorizing further buybacks of up to ¥10 billion for the following year. The outlook for the fiscal year ending March 2018 suggests a period of transition and anticipated decline. Projections indicate a 3.5% decrease in net sales and a more substantial 19.8% drop in profit. This forecast reflects a cautious stance as the company navigates a maturing entertainment market and integrates its recent structural changes. While the current financial foundation remains exceptionally strong, the projected downturn highlights the challenges of maintaining the high-growth trajectory established in previous cycles.

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mixiMay 2017