MIXI (2121) Q1 2027 earnings summary

Executive summary

• Net sales for Q1 FY2027 rose 50.3% year-over-year to ¥47,073 million, with all segments achieving growth, especially in Sports due to PointsBet consolidation and robust domestic betting.

• EBITDA increased 125.0% year-over-year to ¥8,637 million, and profit attributable to owners of parent surged 311.7% to ¥5,825 million.

• Lifestyle and Digital Entertainment segments posted double-digit sales growth, with EBITDA improvements driven by higher sales and cost optimization.

• Deferred tax assets recognized from the planned bitbank share transfer boosted net income.

• The company is advancing AI integration, establishing a CAIO role and partnering with Runway to enhance efficiency and value creation.

Financial highlights

• Operating income doubled year-over-year to ¥5,428 million, and ordinary income rose 179.3% to ¥5,652 million.

• Profit attributable to owners of parent for the quarter was ¥5,825 million, with basic earnings per share at ¥89.47.

• Equity ratio improved to 66.4% as of June 30, 2026, with cash and cash equivalents at ¥109,212 million.

• EBITDA margin for Q1 FY2027 was 18.4%.

• Profit from the sale of bitbank shares will be recognized in Q3.

Outlook and guidance

• Full-year profit attributable to owners of parent forecast revised upward to ¥25,000 million, reflecting expected extraordinary income from the bitbank sale.

• Full-year net sales forecast for FY ending March 31, 2027 is ¥185,000 million, up 8.0% year-over-year.

• Dividend forecast raised to ¥155 per share, with interim and year-end dividends at ¥60 and ¥95, respectively.

• Q1 results represent 25.4% of full-year net sales and 43.1% of profit forecast, indicating strong progress toward targets.

• Operating income is expected to decline 12.4% year-over-year to ¥19,500 million.