MIXI (2121) Q4 2026 earnings summary

Executive summary

• Net sales increased 10.7% year-over-year to ¥171,369 million, driven by strong sports betting and PointsBet consolidation, while EBITDA decreased 1.6% to ¥31,176 million and operating income fell 16.3% to ¥22,256 million due to amortization and lower MONSTER STRIKE sales.

• Profit attributable to owners declined 1.9% to ¥17,270 million, with comprehensive income dropping 6.9% to ¥19,018 million.

• Net income remained flat year-over-year, aided by FX gains, while AI utilization led to 1 billion yen in cost reductions.

Financial highlights

• Q4 FY2026 net sales were ¥54,944 million (+23.5% YoY), EBITDA ¥13,213 million (+19.6% YoY), and Q4 operating income declined 5% YoY due to higher software amortization from PointsBet acquisition.

• Full-year FY2026 net sales: ¥171,369 million (+10.7% YoY); EBITDA: ¥31,176 million (–1.6% YoY); operating income: ¥22,256 million (–16.3% YoY); net income: ¥17,270 million (–1.9% YoY).

• Gross profit increased to ¥113,590 million from ¥106,043 million YoY; basic earnings per share rose to ¥260.72.

• Total assets increased to ¥280,405 million, net assets to ¥189,466 million, and cash and cash equivalents at year-end were ¥111,190 million, up ¥3,016 million.

Outlook and guidance

• FY2027 forecast: net sales ¥185 billion (+8.0%), EBITDA ¥31.5 billion (+1.1%), operating income ¥19.5 billion (–12.4%), net income ¥13.5 billion (–21.8%).

• Sports and lifestyle segments expected to drive growth, while digital entertainment is projected to decline.

• Dividend per share forecast to rise from ¥120 to ¥125; payout ratio target is 5% of shareholders’ equity.