mixi

Organization

115 documents

Documents

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

Mixi, Inc. reported a significant financial turnaround for the first quarter of the fiscal year ending March 31, 2015, covering the period from April 1 to June 30, 2014. Following a net loss in the previous year’s corresponding quarter, the company achieved a dramatic surge in performance, with net sales increasing by 493.1% to ¥12,718 million. This growth translated into an operating income of ¥4,654 million and a net income of ¥2,919 million, compared to an operating loss of ¥84 million and a net loss of ¥253 million in the same period of 2013. The primary driver of this expansion was the Media & Content Business segment, which saw its net sales rise from ¥1,877 million to ¥11,258 million year-over-year. The Life Events Business also experienced growth, increasing its revenue from ¥226 million to ¥1,393 million. During this period, the company restructured its reporting segments to better reflect its expanding portfolio, renaming the former Social Net and Find Job! divisions to Media & Content and Life Events, respectively. The financial position remained robust with total assets growing to ¥31,594 million and an equity ratio of 79.4%. Cash and deposits increased to over ¥20 billion, supported by ¥2,918 million in net cash provided by operating activities. Per-share data reflects a five-for-one stock split executed on July 1, 2014, resulting in a net income per share of ¥36.32 for the quarter. Looking ahead, the company issued a revised forecast for the six months ending September 30, 2014, projecting net sales of ¥33,000 million and a net income of ¥8,000 million. While the dividend for the first quarter was set at ¥20.00 per share, the year-end dividend forecast remained undecided at the time of the report. These results indicate a successful strategic pivot toward high-growth digital content and diversified internet services.

investment japan market-analysis+1

mixiAug 2014

Financial

FY2014 Business Report

This business report details the financial performance and strategic pivot of mixi, Inc. for the fiscal year ending March 31, 2014. While the company experienced year-on-year declines in annual sales and income—reporting net sales of ¥12.1 billion and a net loss of ¥227 million—the fourth quarter marked a significant turnaround. Driven by the explosive success of the mobile game Monster Strike, fourth-quarter sales jumped 143.8% compared to the third quarter, returning the company to profitability. The primary catalyst for this recovery was the Content segment, specifically Monster Strike, which surpassed 8 million users by June 2014. The game achieved the top sales ranking on the App Store following a nationwide television advertising campaign. Beyond gaming, the company optimized its Media segment by shifting from pure advertising to network advertising and removing login requirements for certain services to increase traffic. The Life Events segment also saw growth through the "nohana" photobook service and the acquisition of marriage support businesses like Diverse, Inc. and Confianza & Co., Inc. Geographically, the company is focused on the Japanese market while aggressively expanding into Greater China. Following a May 2014 launch in Taiwan, mixi established a partnership with Tencent to enter China, Hong Kong, and Macau. Financially, the company strengthened its position by procuring ¥6.5 billion through a public stock offering, raising its equity ratio to 84.5%. Looking forward to FY2015, leadership has set ambitious targets of ¥40.0 billion in net sales and ¥10.0 billion in operating income, supported by a five-for-one stock split to enhance shareholder liquidity.

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mixiJun 2014

Financial

Consolidated Financial Results for the Fiscal Year Ended March 31, 2014

The fiscal year ended March 31, 2014, represented a period of significant structural transition and strategic reinvestment for the Japanese social networking and gaming firm. While net sales experienced a modest 3.8% decline to ¥12,155 million, the company recorded a net loss of ¥227 million, a sharp reversal from the previous year’s profit. This downturn was largely attributed to impairment losses from the liquidation of Chinese subsidiaries, the closure of local bases, and high effective tax rates resulting from goodwill amortization. Despite these losses, the company’s financial foundation remained robust, with total assets increasing to ¥26,492 million and an equity ratio of 84.5%. The Social Net Business segment served as the primary revenue engine, contributing ¥11,550 million in external sales. This performance was bolstered by the growth of the mobile title Monster Strike, which signaled a shift in the company’s core growth drivers. To support this evolution, the group pursued aggressive portfolio expansion through the 100% acquisitions of Diverse, Inc. and Confianza & Co., Inc. for approximately ¥1.2 billion, alongside a strategic business transfer to enhance research and matchmaking services. These moves were complemented by internal restructuring, including the disposal of aging server infrastructure and software assets totaling ¥337 million. Capital management was a central focus throughout the period, characterized by a hundred-for-one stock split and new share issuances that raised ¥6.5 billion. These actions nearly doubled cash and cash equivalents to ¥16.8 billion, providing the liquidity necessary for future scaling. Looking toward fiscal year 2015, the outlook is highly optimistic, with projections suggesting net sales will more than triple to ¥40,000 million and net income will reach ¥6,000 million. To further improve share liquidity and broaden the investor base in anticipation of this growth, the board approved an additional five-for-one stock split effective July 2014.

investment mergers-acquisitions market-analysis+2

mixiMay 2014

Financial

Quarterly Consolidated Balance Sheets (FY2013 Q3)

The financial statements for the third quarter of fiscal year 2013 reveal a significant downturn in performance compared to the previous year. Net sales dropped by approximately 36%, falling from ¥9,922 million in the prior year’s third quarter to ¥6,357 million. This decline in revenue, coupled with relatively high selling, general, and administrative expenses, resulted in an operating loss of ¥509 million, a sharp reversal from the ¥2,342 million operating income reported during the same period in 2012. The bottom-line results show a net loss of ¥1,573 million for the nine-month period ending December 31, 2013. This deficit was exacerbated by non-operating expenses, including ¥152 million in equity losses of affiliates, and a substantial increase in deferred income taxes totaling ¥685 million. Total assets decreased from ¥20,083 million at the end of the previous fiscal year to ¥17,623 million, primarily driven by a reduction in cash and deposits and accounts receivable. Cash flow data indicates a shift in corporate strategy and liquidity management. While operating activities resulted in a net cash outflow of ¥570 million, investing activities provided a net inflow of ¥1,231 million, largely due to the withdrawal of time deposits. Notable investments included ¥925 million for the purchase of investments in subsidiaries and ¥303 million for business transfers, which contributed to a significant increase in goodwill from ¥178 million to ¥1,036 million. Despite the reported net loss, the company maintained a cash and cash equivalents balance of ¥9,628 million at the end of the period, supported by its existing reserves and investment liquidations.

investment japan market-analysis+1

mixiFeb 2014

Financial

FY2013 Second-Quarter Financial Statements

The financial results for the second quarter of fiscal year 2013, covering the six-month period ending September 30, 2013, reveal a significant downturn in performance compared to the same period in the previous year. Net sales fell sharply from ¥6,817 million to ¥3,979 million, representing a decline of approximately 41.6%. This contraction in revenue led to an operating loss of ¥398 million, a stark reversal from the ¥1,612 million operating income recorded in the second quarter of fiscal year 2012. The bottom-line results show a net loss of ¥1,352 million for the period, contrasted with a net income of ¥1,205 million in the prior year. This deficit was exacerbated by a substantial increase in deferred income taxes, which rose to ¥666 million, and equity in losses of affiliates totaling ¥126 million. Consequently, retained earnings decreased from ¥10,409 million at the end of fiscal year 2012 to ¥8,728 million, contributing to a reduction in total net assets to ¥14,664 million. Despite the reported losses, the consolidated statement of cash flows indicates a stable liquidity position. While operating activities resulted in a net cash outflow of ¥448 million, investing activities generated a significant inflow of ¥2,774 million, primarily driven by ¥4,000 million in proceeds from the withdrawal of time deposits. These movements resulted in a net increase in cash and cash equivalents, ending the period at ¥11,247 million. The balance sheet remains deleveraged with total liabilities decreasing to ¥2,816 million, down from ¥3,791 million at the start of the fiscal year.

investment japan mobile+1

mixiNov 2013

Financial

Quarterly Consolidated Balance Sheets: 1Q FY2013

The financial results for the first quarter of fiscal year 2013, covering the period from April 1, 2013, to June 30, 2013, indicate a significant downturn in performance compared to the same period in the previous year. Net sales fell sharply by approximately 39%, dropping from ¥3,539 million in 2012 to ¥2,144 million in 2013. This contraction in revenue led to an operating loss of ¥84 million, a stark reversal from the ¥889 million operating income recorded in the prior year’s first quarter. The bottom-line results further reflect this decline, with the company reporting a net loss of ¥253 million for the quarter, compared to a net income of ¥562 million a year earlier. This deficit was exacerbated by non-operating expenses, specifically a ¥117 million loss from equity in affiliates, and an extraordinary impairment loss of ¥34 million. Consequently, retained earnings decreased from ¥10,409 million at the end of fiscal year 2012 to ¥9,827 million by June 30, 2013. Despite the operational losses, the consolidated balance sheet shows a stable liquidity position. Total assets stood at ¥18,868 million, with cash and deposits remaining a primary component at ¥12,643 million. Cash flow analysis reveals that while operating activities resulted in a net outflow of ¥210 million, investing activities generated a significant inflow of ¥2,371 million, primarily driven by the withdrawal of time deposits. This resulted in a net increase in cash and cash equivalents, ending the period at ¥11,143 million. The overall financial position remains characterized by a high equity ratio, though the period was defined by shrinking sales and a transition into net losses.

investment market-analysis japan+1

mixiAug 2013

Financial

Consolidated Balance Sheets (FY2012)

These consolidated financial statements detail the fiscal performance and position of a corporate entity for the period ending March 31, 2013, with comparative data from the previous fiscal year. The reporting covers a full twelve-month cycle, providing a comprehensive view of assets, liabilities, net income, and cash flows. The data indicates a period of significant profitability and liquidity growth, despite a slight contraction in top-line revenue. Net sales decreased from ¥13.3 billion in FY2012 to ¥12.6 billion in FY2013. However, the entity achieved a substantial increase in net income, which rose from ¥749 million to ¥1.65 billion. This bottom-line growth was driven by improved operational efficiency, as evidenced by a rise in operating income from ¥2.19 billion to ¥2.57 billion, and a significant extraordinary gain of ¥406 million from the sale of subsidiary stocks. Consequently, total net assets grew from ¥14.7 billion to ¥16.3 billion, bolstered by the retention of earnings. The balance sheet reflects a strong liquidity position, with cash and deposits increasing to ¥13.2 billion. Total assets grew slightly to ¥20.1 billion, while total liabilities decreased from ¥4.9 billion to ¥3.8 billion, primarily due to reductions in income taxes payable and deposits received. Cash flow analysis confirms this healthy position, showing ¥2.8 billion provided by operating activities, a significant improvement over the ¥1.0 billion generated in the prior year. This financial stability was maintained even as the entity engaged in investment activities and paid out ¥149 million in dividends.

investment market-analysis japan+1

mixiMay 2013

Financial

Quarterly Consolidated Balance Sheets: FY2012 Q3

The consolidated financial statements for the third quarter of fiscal year 2012 detail a period of significant profitability and liquidity growth for the organization. Covering the nine-month period from April 1, 2012, to December 31, 2012, the data reflects a robust upward trend in net income and operational efficiency compared to the same period in the previous fiscal year. Net sales rose to ¥9,922 million, while a reduction in the cost of sales and selling, general, and administrative expenses contributed to a substantial increase in operating income, which climbed from ¥1,385 million to ¥2,342 million. The bottom-line performance was further bolstered by extraordinary income, specifically a ¥406 million gain from the sale of subsidiary and affiliate stocks. Consequently, net income for the period reached ¥1,621 million, a more than threefold increase over the ¥474 million reported in the prior year. This profitability is reflected in the balance sheet, where retained earnings grew to ¥10,367 million, contributing to total net assets of ¥16,217 million. The organization maintained a strong liquidity position, ending the period with ¥12,555 million in cash and deposits, despite significant movements in investment activities. Cash flow analysis indicates a healthy transition in operational health, with net cash provided by operating activities surging to ¥1,940 million from just ¥246 million in the previous year. This was driven primarily by higher income before taxes and a favorable decrease in accounts receivable. While investing activities resulted in a net outflow of ¥677 million—largely due to time deposit placements—the overall net increase in cash and cash equivalents reached ¥1,132 million. These figures suggest a period of strategic consolidation and financial strengthening, characterized by improved margins and successful asset divestment.

investment market-analysis japan+1

mixiFeb 2013

Financial

Quarterly Consolidated Balance Sheets (FY2012 Q2)

The financial results for the second quarter of fiscal year 2012, ending September 30, 2012, indicate a period of significant profitability growth and improved cash flow compared to the previous year. Net sales rose to ¥6.82 billion, a 12% increase over the ¥6.08 billion reported in the same period of 2011. This growth in revenue, combined with a slight reduction in the cost of sales, resulted in operating income nearly doubling from ¥850 million to ¥1.61 billion. Net income saw an even more dramatic rise, reaching ¥1.21 billion compared to ¥340 million in the prior year, bolstered by a ¥406 million extraordinary gain from the sale of subsidiary and affiliate stocks. The consolidated balance sheet reflects a stable financial position with total assets increasing slightly to ¥19.88 billion. Current assets grew to ¥16.56 billion, driven primarily by a rise in cash and deposits, which reached ¥12.45 billion. Conversely, total liabilities decreased from ¥4.93 billion to ¥4.10 billion, largely due to reductions in income taxes payable and deposits received. Shareholders' equity strengthened significantly, rising from ¥14.70 billion to ¥15.77 billion, supported by a substantial increase in retained earnings. Cash flow metrics show a marked recovery in liquidity. Net cash provided by operating activities turned positive, reaching ¥1.69 billion compared to a loss of ¥291 million in the previous year, aided by a significant decrease in accounts receivable. Investing activities also generated a positive inflow of ¥483 million, a reversal from the ¥1.76 billion outflow in 2011, primarily due to proceeds from the sale of subsidiary stocks and reduced capital expenditures. Consequently, cash and cash equivalents at the end of the period rose to ¥9.45 billion, representing a healthy recovery in the company's overall cash position.

investment market-analysis japan+1

mixiNov 2012

Report

Consolidated Financial Results for the Nine Months Ended December 31, 2016 (Japanese GAAP)

The consolidated financial results for mixi, Inc. cover the nine‑month period from April 1 to December 31 2016 under Japanese GAAP. Net sales declined 4.9% year‑over‑year to ¥142,990 million, while operating income fell 16.0% to ¥56,511 million and ordinary income dropped 16.3% to ¥56,071 million. Profit attributable to owners of the parent decreased 11.7% to ¥38,864 million, with comprehensive income at ¥38,790 million. Basic and diluted earnings per share fell from ¥532.60 to ¥471.42 and ¥532.35 to ¥471.06 respectively, reflecting lower profitability. Total assets contracted slightly from ¥165,039 million to ¥160,210 million, but net assets rose to ¥137,379 million, raising the equity ratio to 85.6% from 73.6%. Treasury shares increased markedly, with a net addition of ¥2,599 million during the period. Cash and cash equivalents decreased from ¥126,316 million to ¥111,170 million, largely due to higher financing outflows for treasury share repurchases and dividend payments. The company forecasted a modest decline in full‑year 2017 results, projecting net sales of ¥206,000 million (−1.3%) and operating income of ¥86,000 million (−9.5%). Dividend guidance was revised upward for the fiscal year ending March 31 2017, with a total of ¥147 million expected. Segment analysis shows the Media Platform Business as the largest contributor, with net sales of ¥131,805 million and segment profit of ¥60,255 million. Goodwill adjustments related to the acquisition of Hunza, Inc. were finalized in Q3 2015, reducing goodwill by ¥356 million to ¥11,577 million. No significant changes in subsidiaries or accounting policies occurred during the reporting period.

investment market-analysis japan

mixi

Report

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

MIXI, Inc. reports consolidated financial results for the nine months ended December 31 2022 under Japanese GAAP, covering April 1 2022 to December 31 2022. Net sales rose 24.6 % to ¥104,802 million, driven by the Digital Entertainment segment (Monster Strike). Operating income increased 67.7 % to ¥19,073 million, while ordinary income attributable to the parent fell 72.8 % to ¥2,020 million due to a significant loss on withdrawal from business and share‑sale losses. EBITDA reached ¥22,476 million, up 55.9 %. Comprehensive income for the period was ¥2,954 million, a decline from ¥7,066 million in 2021. Basic earnings per share dropped sharply to ¥27.76 from ¥100.86, reflecting the large operating loss and extraordinary items. Total assets grew to ¥220,153 million, with net assets at ¥180,392 million and an equity ratio of 80.8 %. Cash and cash equivalents increased to ¥1113 million, offset by higher operating cash outflows of ¥1,726 million. The company maintained a stable dividend policy, continuing the ¥55 million quarterly payment announced for fiscal year 2023. The report notes a shift in presentation: investment activities are now classified as a separate reportable segment, with gains and losses on securities moved to net sales or cost of sales. No changes in accounting policies materially affected the results, though fair‑value measurement guidance was adopted. The nine‑month period reflects a transition toward diversified revenue streams while managing significant investment‑related losses.

market-analysis investment mobile+1

mixi

Report

Consolidated Financial Results: Fiscal Year Ended March 31, 2023

Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 Stock exchange listing: Tokyo Stock Exchange Representative: Koki Kimura, President and Representative Director and CEO Inquiries: Kohei Shimamura, Senior Corporate Officer and CFO Scheduled date of Ordinary General Meeting of Shareholders: June 21, 2023 Scheduled date of commencing dividend payments: June 6, 2023 Scheduled date of filing securities report: June 22, 2023 Availability of supplementary briefing material on fin...

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mixi