MIXI (2121) Q1 2025 earnings summary

Executive summary

• Net sales rose 3.0% year-over-year to ¥30,087 million for FY2025 Q1, with profit attributable to owners of parent up 69.9% to ¥2,235 million.

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

• Operating income grew 24.2% year-over-year to ¥2,787 million.

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

• Investment segment benefited from the IPO of Timee, with partial share sales contributing to results.

Financial highlights

• Ordinary income increased 39.2% year-over-year 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.

• 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

• Consolidated sales are tracking internal targets, with profits slightly exceeding expectations; upside anticipated from Timee share sales.

• Full-year net sales forecast at ¥147,000 million, up 0.1% year-over-year; operating income projected at ¥18,500 million, up 11.7% year-over-year.

• Profit attributable to owners of parent expected to rise 69.4% to ¥12,000 million; basic earnings per share forecast at ¥170.67.

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

• Business growth and value enhancement initiatives are progressing as planned.