MIXI (2121) Q1 2025 earnings summary

Executive summary

• Net sales rose 3.0% year-over-year to ¥30,087 million for Q1, with EBITDA of ¥3,914 million, operating income of ¥2,787 million, and profit attributable to owners of parent up 69.9% to ¥2,235 million.

• EBITDA increased 18.1% year-over-year, driven by strong Sports and Lifestyle segments and cost reductions in Digital Entertainment.

• All segments posted profit increases, with investment segment benefiting from the Timee IPO and partial share sales.

• Comprehensive income grew 65.9% year-over-year to ¥2,418 million.

Financial highlights

• Operating income grew 24.2% year-over-year to ¥2,787 million; ordinary income up 39.2% to ¥3,263 million.

• EBITDA margin improved, with consolidated EBITDA at ¥3,914 million, up from ¥3,314 million a year earlier.

• Cash and cash equivalents at period end were ¥91,192 million, down from ¥101,768 million at the previous year-end, mainly due to share repurchases and long-term lending.

• Basic earnings per share was ¥31.85, up from ¥18.12 a year earlier.

• Gross profit margin improved slightly, with gross profit at ¥19,999 million on net sales of ¥30,087 million.

Outlook and guidance

• Q1 consolidated sales met internal targets, with profits slightly above target; upside anticipated from phased Timee share sales and new business contributions next year.

• Full-year net sales forecast at ¥147,000 million, up 0.1% year-over-year, with operating income projected at ¥18,500 million and profit attributable to owners of parent expected to rise 69.4% to ¥12,000 million.

• No revision to previously announced financial results or dividend forecasts.