Mixi Group Reports Financial Results for the Fiscal Year 2018; Provides Earnings Guidance for the Fiscal Year 2019; Announces Investment Plans
May 11, 2018 at 03:38 pm EDT
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Mixi Group reported financial results for the fiscal year 2018. Net sales were JPY 189 billion, operating income JPY 72.3 billion.
Moving on to the full year forecast for fiscal 2019. With the execution of the investments, the company is forecasting net sales of JPY 175 billion, operating income of JPY 48 billion and profit attributable to owners of parent of JPY 31 billion.
The company plans to invest JPY 100 billion over next 3 to 5 years in new business development and mergers and acquisitions. In addition to the regular initiatives, the company will invest a total of JPY 15 billion to new business domains -- or to those 5 business domains.
MIXI Inc is a Japan-based company mainly engaged in the digital entertainment business, sports business and lifestyle business. The Company operates through three business segments. The Digital Entertainment Business segment is engaged in the provision of games for smart devices, the implementation of related events, and the production and sale of goods. The Sports Business segment is engaged in the investment in sports team management and public sports related businesses. The Lifestyle Business segment is engaged in the management of services that are related to people's lives using the Internet. The main services include Kazoku Album Mitene, a photo and video sharing application for families, and minimo, a salon staff direct reservation application.
MIXI, INC. 
