MIXI (2121) Q1 2026 earnings summary

Executive summary

• Net sales rose 4.1% year-over-year to ¥31,323 million for the quarter, with strong growth in Sports and Lifestyle segments offsetting a decline in Digital Entertainment.

• EBITDA was ¥3,839 million, down 1.9% year-over-year, and net income attributable to owners declined 36.7% to ¥1,414 million due to lower ordinary income and higher tax expenses.

• AI utilization is widespread, with 99% employee adoption and over 250 AI-driven initiatives implemented, contributing hundreds of millions of yen in profit improvement.

• Ordinary income dropped 38.0% year-over-year to ¥2,023 million, mainly due to weaker performance from equity method affiliates.

• Comprehensive income increased 3.9% year-over-year to ¥2,511 million.

Financial highlights

• Net sales: ¥31,323 million (+4.1% YoY); EBITDA: ¥3,839 million (−1.9% YoY); operating income: ¥2,677 million (−4.0% YoY); net income: ¥1,414 million (−36.7% YoY).

• Ordinary income: ¥2,023 million (−38.0% YoY); basic EPS: ¥20.92, down from ¥31.85.

• Cash and cash equivalents at period end: ¥86,444 million, down from ¥91,192 million at the previous year-end.

• Gross profit was ¥20,015 million, nearly flat year-over-year.

• AI-driven initiatives contributed hundreds of millions of yen in profit improvement.

Outlook and guidance

• Full-year net sales forecast at ¥155,000 million (+0.1% YoY), with EBITDA expected to decrease 21.1% to ¥25,000 million and operating income to decline 24.8% to ¥20,000 million.

• Profit attributable to owners forecasted at ¥13,000 million (−26.1% YoY); basic EPS forecast at ¥191.84.

• Dividend forecast maintained at ¥120 per share for the fiscal year ending March 31, 2026.

• PointsBet acquisition not yet included in forecasts; timely revisions will be made upon consolidation.

• AI utilization is expected to further improve profits by hundreds of millions of yen this fiscal year.