MIXI (2121) Q2 2025 earnings summary

Executive summary

• Net sales rose to JPY 68,820 million for the six months ended September 30, 2024, with operating income up 129.5% to JPY 8,748 million and profit attributable to owners up 132.3% to JPY 5,227 million; Q3 net sales reached JPY 41.5 billion, EBITDA JPY 9.5 billion, and profit attributable to owners JPY 5.1 billion, with both sales and profits rising year-on-year.

• EBITDA and operating income saw significant growth, driven by strong Sports, Digital Entertainment, and Investment segments, and the absence of prior year one-time costs.

• Upward revision of full-year forecast: net sales to JPY 153 billion, EBITDA to JPY 31 billion, operating income to JPY 26.5 billion, and profit attributable to owners to JPY 17.5 billion.

• Comprehensive income surged 204.4% year-on-year to JPY 7,885 million, reflecting improved profitability.

• Significant boost from the sale of Timee shares in the investment segment.

Financial highlights

• EBITDA increased in all segments year-on-year, reaching JPY 11,110 million for the period, up 86.9%.

• Operating income rose to JPY 8,748 million (+129.5% year-on-year).

• Profit attributable to owners of parent was JPY 5,227 million (+132.3% year-on-year).

• Ordinary income and below showed significant positive change due to prior-year impairment losses and business withdrawal.

• Basic earnings per share rose to JPY 74.94 from JPY 31.37 in the prior year period.

Outlook and guidance

• Full-year sales and profit forecasts revised upward due to strong segment performance and cost effectiveness, with net sales forecast at JPY 153 billion and profit attributable to owners at JPY 17.5 billion.

• Full-year basic earnings per share forecast is JPY 170.67.

• Both sales and profits exceeded internal targets, mainly due to the Timee share sale.