mixi

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115 documents

Documents

Consolidated Financial Results for the Nine Months Ended December 31, 2016

This financial report details the consolidated results for mixi, Inc. during the first nine months of the fiscal year ending March 31, 2017. The data reflects a period of moderate contraction compared to the previous year’s record growth. Net sales reached ¥142,990 million, representing a 4.9% decrease from the same period in 2015. Operating income fell by 16% to ¥56,511 million, while profit attributable to owners of the parent declined by 11.7% to ¥38,864 million. Despite these year-over-year decreases, the company maintained a strong financial position with an equity ratio of 85.6%, up from 73.6% at the end of the previous fiscal year. 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 ¥131,805 million in net sales, though its segment profit saw a decline from the previous year. Conversely, the Media Platform Business showed growth in net sales, rising to ¥11,184 million, although its segment profit decreased due to higher costs and adjustments. Significant corporate activity during this period included a substantial share buyback program, with the company repurchasing over 3 million shares and retiring 2.4 million treasury shares to optimize capital efficiency. Looking ahead, the full-year forecast for the fiscal year ending March 31, 2017, anticipates net sales of ¥206,000 million and a profit of ¥59,000 million. These projections represent a slight downward revision from previous estimates. The report also finalizes accounting for previous acquisitions, specifically Hunza, Inc. and MUSE & Co., Ltd., confirming goodwill amounts and amortization schedules. The methodology follows Japanese GAAP, providing a comprehensive overview of the company’s cash flows, balance sheets, and segment performance for institutional investors and analysts.

investment market-analysis funding+2

mixiFeb 2017

Financial

Consolidated Financial Results for the Six Months Ended September 30, 2016

Mixi, Inc. reported consolidated financial results for the first six months of the fiscal year ending March 31, 2017, covering the period from April 1, 2016, to September 30, 2016. The data reveals a period of contraction compared to the previous year’s record growth. Net sales reached ¥86,669 million, representing a 9.1% decrease year-over-year. Profitability also declined, with operating income falling 21.5% to ¥34,284 million and profit attributable to owners of the parent dropping 19.5% to ¥22,879 million. Despite these declines, the company maintained a strong financial position with an equity ratio of 82.6%, up from 73.6% at the end of the previous fiscal year. The performance is primarily driven by two main industry segments: the Entertainment Business and the Media Platform Business. The Entertainment Business remains the dominant revenue driver, contributing ¥79,452 million in sales, though this was a decrease from the ¥89,027 million recorded in the same period in 2015. Conversely, the Media Platform Business showed growth, with sales increasing from ¥6,324 million to ¥7,217 million. Segment profit followed a similar trend, with Entertainment declining to ¥36,899 million while Media Platform profit dipped slightly to ¥955 million after accounting for adjustments and company-wide expenses. Looking ahead, the full-year forecast for the period ending March 31, 2017, anticipates total net sales of ¥218,000 million, which would represent a 4.4% increase over the prior full year. However, net income is expected to decline by 11.5% to ¥54,000 million. To improve capital efficiency and shareholder value, the company authorized a significant share repurchase program of up to 3,000,000 shares for a maximum price of ¥10 billion. These results were prepared under Japanese GAAP and reflect the company's transition into a more stable, albeit lower-margin, operational phase following its prior period of rapid expansion.

investment funding japan+1

mixiNov 2016

Financial

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

This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2017, covering the period from April 1, 2016, to June 30, 2016. The data reflects a period of contraction compared to the previous year’s explosive growth. Net sales reached ¥47,344 million, representing a 5.5% decrease year-over-year, while operating income fell by 17.3% to ¥20,130 million. Profit attributable to owners of the parent declined by 14.9% to ¥13,578 million. Despite these decreases, the company maintained a strong financial position with an equity ratio of 85.6%, up from 73.6% at the end of the previous fiscal year. The company’s operations are divided into two primary reportable segments: the Entertainment Business and the Media Platform Business. The Entertainment Business remains the dominant revenue driver, contributing ¥44,002 million in net sales, though its segment profit decreased from the prior year. The Media Platform Business saw a slight increase in net sales to ¥3,322 million, but its segment profit dropped significantly from ¥743 million to ¥304 million. Management attributed some of the profit decline to increased selling, general, and administrative expenses, which rose to ¥21,824 million. Strategic corporate actions during and immediately following the quarter focused on shareholder returns and capital efficiency. The company executed a significant repurchase of treasury shares, totaling approximately ¥10 billion by July 2016, and subsequently resolved to retire over 2.4 million shares to improve capital efficiency. Additionally, the board approved the issuance of share remuneration-type stock options for directors to align leadership interests with shareholder value. For the full fiscal year, the company forecasts net sales of ¥218,000 million and a profit of ¥54,000 million, suggesting a cautious outlook regarding year-over-year profitability.

investment market-analysis japan+1

mixiAug 2016

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2016

Mixi, Inc. achieved exceptional financial growth during the fiscal year ended March 31, 2016, driven primarily by the expansion of its entertainment and smartphone-based commerce segments. Net sales surged 84.9% to ¥208,799 million, while profit attributable to owners rose 85.1% to ¥61,022 million. This performance significantly bolstered the company’s balance sheet, nearly doubling cash and cash equivalents to ¥126,316 million and increasing the equity ratio from 51.4% to 73.6%. While the Entertainment Business provided the vast majority of the ¥95,033 million in operating income, the company also integrated key acquisitions, including TicketCamp operator Hunza, Inc. and MUSE & Co., Ltd., to diversify its ecosystem. The period was characterized by substantial operational scaling and capital restructuring. Settlement fees nearly doubled to over ¥60 billion, and advertising expenses rose to ¥15.8 billion, reflecting the intensified costs of supporting a high-growth digital portfolio. Following the previous year’s acquisition of Hunza, Inc. for ¥11,573 million, the company established an eight-year amortization period for its goodwill while opting for a full one-time amortization of MUSE & Co.’s remaining goodwill. To optimize capital efficiency, a five-for-one stock split was executed alongside an overseas share offering and a ¥10 billion share repurchase program. Despite the record-breaking results of 2016, the outlook for the fiscal year ending March 31, 2017, remains conservative. Projections suggest a modest 4.4% increase in net sales and an anticipated 11.5% decline in net profit. Geographically, operations remain heavily concentrated in the Japanese market, which accounts for over 90% of total sales and assets. The adoption of revised Japanese accounting standards for business combinations further aligned financial reporting with modern regulatory frameworks without impacting the immediate bottom line.

investment market-analysis japan+1

mixiMay 2016

Financial

FY2016 Business Report

The FY2016 Business Report for mixi, Inc. details a year of record-breaking financial performance driven primarily by the company’s Entertainment Business. Covering the fiscal period from April 1, 2015, to March 31, 2016, the data reveals a significant surge in growth, with net sales reaching ¥208.799 billion, an 84.9% increase year-on-year. Operating income rose by 80.4% to ¥95.033 billion, while profit attributable to owners of the parent grew by 85.1% to ¥61.022 billion. These results significantly exceeded the company’s previously upgraded January 2016 forecasts. The primary driver of this growth was the mobile title Monster Strike, which surpassed 35 million global users by April 2016. Success was bolstered by aggressive cross-media strategies, including IP collaborations, the launch of a Monster Strike anime, and the opening of physical pop-up stores. Additionally, the February 2016 release of Marvel Tsum Tsum reached 4 million users within months. The Media Platform Business also contributed stable income through the steady performance of SNS mixi and the strategic acquisition of services like TicketCamp and the matchmaking business Diverse, Inc. Looking toward FY2017, the strategic focus shifts toward increasing the lifespan of existing services and diversifying revenue streams beyond core gaming. Plans include the overseas expansion of Marvel Tsum Tsum and further investment in the XFLAG Pictures department to monetize video content. In the Media Platform segment, the company intends to proactively create and expand long-term services in the family communication and beauty sectors. To reward shareholders for this performance, the company issued an annual dividend of ¥147 per share and authorized a treasury stock buyback of up to 3 million shares.

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mixiMar 2016

Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2015 (Japanese GAAP)

Mixi, Inc. reported substantial year-over-year growth in its consolidated financial results for the nine months ended December 31, 2015. Net sales reached ¥150,285 million, representing a 120.1% increase compared to the same period in 2014. Operating income rose 124.9% to ¥67,305 million, while profit attributable to owners of the parent grew 130.5% to ¥44,032 million. This performance was driven primarily by the Entertainment Business segment, centered on the mainstay service Monster Strike, which contributed ¥140,303 million in net sales and ¥70,348 million in segment profit. The financial position strengthened significantly during this period, with total assets increasing from ¥104,178 million to ¥140,179 million and the equity ratio improving from 51.4% to 74.6%. Cash and deposits grew to ¥90,380 million, bolstered by the issuance of new shares and the disposal of treasury shares through an overseas offering in July 2015. The Media Platform Business, which includes the social network mixi.jp and recently acquired services like TicketCamp and MUSE & Co., contributed ¥9,981 million to net sales. The reporting period reflects a strategic reorganization of business segments into Entertainment and Media Platform categories. To better evaluate performance following major acquisitions, the company transitioned to using EBITDA as its primary measure for segment income. For the full fiscal year ending March 31, 2016, the company maintained its forecast of ¥205,000 million in net sales and ¥59,000 million in profit. These results were prepared under Japanese GAAP and cover the company’s operations primarily within the Japanese digital entertainment and social media sectors.

investment mergers-acquisitions japan+1

mixiFeb 2016

Financial

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

Mixi, Inc. reported significant growth in its consolidated financial results for the six months ended September 30, 2015. Net sales reached ¥95,351 million, representing a 172.8% increase compared to the same period in the previous year. Operating income rose by 204.4% to ¥43,674 million, while profit attributable to owners of the parent surged 213% to ¥28,429 million. This performance was largely driven by the Entertainment Business segment, which includes the mainstay title Monster Strike and accounted for ¥89,027 million of total net sales. The company’s financial position strengthened during this period, with total assets increasing from ¥104,178 million at the end of March 2015 to ¥124,480 million by September 30, 2015. Net assets grew to ¥94,826 million, resulting in an equity ratio of 76.2%. This growth was supported by an overseas offering in July 2015, which involved the issuance of new shares and the disposal of treasury shares, significantly increasing capital stock and capital surplus. Cash and cash equivalents also saw a substantial rise, ending the period at ¥84,133 million. Strategic shifts during the period included a reorganization of reportable segments into Entertainment and Media Platform businesses. The Media Platform segment, which includes the mixi SNS and newly acquired entities like Hunza, Inc. and MUSE & Co., Ltd., contributed ¥6,324 million in sales. To better evaluate performance following these acquisitions, the company transitioned to using EBITDA as its primary measure for segment income. Looking forward, the full-year forecast for the fiscal year ending March 31, 2016, projects net sales of ¥185,000 million and a profit of ¥52,000 million, maintaining a positive outlook for the remainder of the year.

mergers-acquisitions japan market-analysis+1

mixiNov 2015

Financial

Consolidated Financial Results for the Three Months Ended June 30, 2015

This financial report details the consolidated results for mixi, Inc. during the first quarter of the fiscal year ending March 31, 2016, covering the period from April 1, 2015, to June 30, 2015. The findings reveal a period of massive growth for the Japanese company, primarily driven by the expansion of its Entertainment Business. Net sales reached ¥50,080 million, representing a 293.8% increase over the same period in the previous year. Operating income rose by 423.1% to ¥24,345 million, while profit attributable to owners of the parent surged 446.8% to ¥15,960 million. The report highlights a strategic shift in business segments following the acquisition of Hunza, Inc. and MUSE & Co., Ltd. in early 2015. The company now operates under two primary segments: the Entertainment Business, which includes the flagship title Monster Strike, and the Media Platform Business, which encompasses mixi.jp and newly acquired e-commerce and ticketing services. The Entertainment Business was the dominant contributor to the quarter's success, accounting for ¥47,002 million in net sales and ¥25,024 million in segment income. In contrast, the Media Platform Business contributed ¥3,078 million in sales. Financial stability remains strong, with total assets valued at ¥98,721 million and an equity ratio of 65.6%, up from 51.4% at the end of the previous fiscal year. Cash flows from operating activities saw a net use of ¥4,542 million, largely due to a significant income tax payment of ¥22,897 million. Subsequent to the quarter's end, the company raised approximately ¥17,560 million through an overseas offering of new shares and treasury shares. These funds are earmarked for the repayment of loans related to recent acquisitions and for future advertising expenses within the Entertainment Business. For the full fiscal year, the company forecasts net sales of ¥185,000 million and a profit of ¥52,000 million.

investment market-analysis monetization+2

mixiAug 2015

Financial

FY2015 Business Report

The Mixi Group’s fiscal year 2015 business report details a period of transformative financial growth and strategic restructuring for the Japanese technology firm. Covering the period from April 1, 2014, to March 31, 2015, the findings highlight a massive surge in performance, with net sales reaching ¥112.9 billion and operating income hitting ¥52.6 billion. This represents a dramatic recovery from the previous year’s net loss, driven primarily by the global success of the mobile game Monster Strike, which surpassed 30 million cumulative unique device downloads by May 2015. The primary thesis centers on the company’s transition into two core reportable segments: the Entertainment Business and the Media Platform Business. The Entertainment division focuses on the "bringing people together" concept, utilizing a media-mix strategy that includes TV commercials, merchandise, and an upcoming Nintendo 3DS title to turn Monster Strike into a national intellectual property. Geographically, the company is expanding its footprint in Taiwan, North America, and China, tailoring localization and promotion to specific regional usage patterns. Simultaneously, the Media Platform Business is diversifying through aggressive M&A activity and in-house incubation. Key developments include the acquisition of Hunza, Inc. (TicketCamp) and MUSE & Co., Ltd., alongside the growth of internal startups like the nohana photobook service and the minimo salon reservation app. The strategic goal is to leverage the marketing and customer support expertise gained from the original mixi.jp social network to scale these B2C and C2C services. Consequently, the company has significantly increased shareholder returns, paying an annual dividend of ¥82 per share with plans to increase this to ¥129 in the following fiscal year.

market-analysis investment japan+1

mixiJun 2015

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2015

The fiscal year ended March 31, 2015, marked a transformative period of hyper-growth and financial recovery for mixi, Inc., primarily driven by the explosive success of the mobile title Monster Strike. Net sales surged by 828.9% to ¥112.9 billion, facilitating a dramatic turnaround from a net loss in the previous year to a net income of ¥32.9 billion. This performance significantly bolstered the balance sheet, with total assets expanding from ¥26.4 billion to ¥104.1 billion and cash reserves increasing nearly fourfold to ¥65.4 billion. The Entertainment Business segment became the primary engine of this expansion, with sales rising from ¥3.3 billion to over ¥102.2 billion. To sustain this momentum, the company aggressively scaled its operational investments, increasing advertising expenditures nearly ninefold to ¥9.7 billion and settlement fees to ¥32.7 billion. This liquidity also funded a strategic diversification of the Media Platform Business through high-profile acquisitions, including the ¥11.5 billion purchase of ticket marketplace Hunza, Inc. and the acquisition of fashion e-commerce platform MUSE & Co., Ltd. These moves, alongside entries into the matchmaking and marriage support sectors, resulted in a substantial increase in goodwill to ¥14.1 billion. Geographically, the company remains heavily concentrated in the Japanese market, which accounts for over 90% of sales and assets. Following a five-for-one stock split and a significant rise in net assets per share, the company has shifted toward a more robust shareholder return policy, including increased dividend payouts. Projections for fiscal year 2016 anticipate continued growth, with net sales expected to reach ¥185 billion as the company leverages its strengthened capital structure and diversified service portfolio.

investment market-analysis japan+1

mixiMay 2015

Financial

Consolidated Financial Results for the Nine Months Ended December 31, 2014

This financial report details the consolidated results for mixi, Inc. during the first nine months of the fiscal year ending March 31, 2015, covering the period from April 1, 2014, to December 31, 2014. The data reveals a period of explosive growth for the Japanese company, primarily driven by its Media & Content Business. Net sales surged to 68,265 million yen, representing a 973.7% increase compared to the same period in the previous year. This growth facilitated a dramatic turnaround in profitability, moving from an operating loss of 509 million yen in 2013 to an operating income of 29,927 million yen in 2014. Net income for the period reached 19,104 million yen, compared to a net loss of 1,573 million yen in the prior year. The scope of the report encompasses two primary reportable segments: Media & Content and Life Events. The Media & Content segment was the dominant contributor, accounting for 63,658 million yen in sales and 31,198 million yen in segment income. The Life Events segment, which includes marriage support and photobook businesses, contributed 4,390 million yen in sales. Geographically, the results focus on the Japanese market, though the report notes the previous liquidation of subsidiaries in Shanghai. To reflect its expanded business portfolio, the company reorganized its reporting segments during this period, renaming the former Social Net and Find Job! divisions. The financial position of the company strengthened significantly, with total assets increasing from 26,492 million yen at the end of March 2014 to 62,426 million yen by December 31, 2014. Cash and deposits grew to 42,065 million yen, largely due to 26,303 million yen provided by operating activities. Based on these strong results, the company revised its full-year forecasts upward, projecting annual net sales of 110,000 million yen and net income of 32,000 million yen. The report also accounts for a five-for-one stock split executed on July 1, 2014, adjusting per-share calculations retroactively for accurate year-over-year comparison.

investment market-analysis japan+1

mixiFeb 2015

Financial

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

Mixi, Inc. reported a significant financial turnaround and exponential growth for the six-month period ending September 30, 2014. Following a net loss in the previous year, the company achieved a dramatic increase in net sales, which rose 778.3% year-over-year to ¥34.95 billion. This surge drove an operating income of ¥14.35 billion and a net income of ¥9.08 billion, compared to a net loss of ¥1.35 billion in the same period of 2013. The results reflect a successful pivot in business strategy, primarily led by the Media & Content Business segment. The Media & Content Business emerged as the primary revenue driver, contributing ¥31.91 billion in sales and ¥15.15 billion in segment income. This growth was accompanied by a substantial rise in operating expenses, specifically settlement fees and advertising costs, which reached ¥9.93 billion and ¥4.13 billion respectively. The Life Events Business also showed growth, contributing ¥2.89 billion in sales. Geographically focused on Japan, the company’s consolidated balance sheet strengthened significantly, with total assets increasing from ¥26.49 billion to ¥43.617 billion and cash and deposits rising to ¥28.55 billion. Based on these results, the company issued a robust full-year forecast for the fiscal year ending March 31, 2015, projecting net sales of ¥100 billion and net income of ¥29 billion. To reflect this performance, the dividend forecast was revised upward to a total of ¥72 per share for the year. The reporting period also included a five-for-one stock split effective July 1, 2014, and a reorganization of reportable segments to better classify the expanding portfolio into Media & Content and Life Events categories. These financial statements were prepared under Japanese GAAP and represent the consolidated performance of the parent company and its subsidiaries.

investment japan market-analysis+1

mixi Inc.Nov 2014