Mixi (2121) AI Stock Analysis

• Market Cap: ¥180.00B
• Dividend Yield: 4.61%
• Average Volume (3M): 167.95K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.37
• Revenue Growth: 1.14%
• EPS Growth: 77.07%
• Country: US
• Employees: 1,645
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): N/A
• Shares Outstanding: 71,330,850
• 10 Day Avg. Volume: 160,560
• 30 Day Avg. Volume: 167,946
• PEG Ratio: 0.08
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 1.49
• P/FCF Ratio: 10.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥2,931.00 ▲(8.00% Upside)

Mixi's overall stock score is driven by its strong financial health and attractive valuation, which are offset by bearish technical indicators. The company's low leverage and high dividend yield are significant strengths, but recent declines in revenue growth and free cash flow, along with weak market momentum, present challenges. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Financial Stability

Mixi's low leverage indicates strong financial stability, reducing risk and providing a solid foundation for future growth and investment.

Revenue Streams

Diverse revenue streams from gaming and advertising provide Mixi with multiple growth avenues and reduce dependency on a single income source.

Operational Efficiency

Strong operational efficiency, as indicated by healthy EBIT and EBITDA margins, supports sustainable profitability and competitive advantage.

Negative Factors

Revenue Growth Decline

A decline in revenue growth can signal potential challenges in market expansion and product adoption, impacting long-term business momentum.

Profitability Pressure

Decreasing net profit margins indicate rising costs or competitive pressures, which may affect Mixi's ability to maintain profitability.

Cash Flow Challenges

Declining free cash flow growth could limit Mixi's ability to reinvest in business operations and pursue strategic opportunities.

Mixi Business Overview & Revenue Model

Company Description

mixi, Inc. engages in the entertainment and lifestyle businesses in Japan. It offers Monster Strike, Kotodaman, and Monster Strike Stadium gaming applications; TIPSTAR, a freemium online betting app; Chariloto, a keirin and auto race betting ticket sales site; Chiba Jets Funabashi; netkeiba.com, a national horse racing resource; and Weekly Baseball Online, a baseball information site. The company also provides FamilyAlbum, a family photo and video sharing app; minimo, a salon artist booking app; mixi, a social networking service that offers space for friendly communication; KARASTA, a karaoke video community; Find Job!, a job recruitment info site for the IT and web industries; and OKURU, a photo gift service. It also provides employment opportunities for people with disabilities; operates XFLAG stores that offer merchandise from game; organizes events; and produces and sells various goods, as well as manages professional sports team, and businesses related to publicly operated competitions and other services. The company was formerly known as eMecury Co., Ltd. and changed its name to mixi, Inc. in February 2006. mixi, Inc. was founded in 1999 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Mixi generates revenue through multiple streams, primarily from its gaming sector, which includes in-app purchases and premium game sales. The company has developed several successful mobile games that have attracted millions of users, contributing significantly to its earnings. Additionally, Mixi monetizes its social networking platform through advertising, offering targeted ad placements to businesses looking to reach its user demographic. The company also engages in strategic partnerships with other gaming developers and brands, enhancing its content offerings and expanding its reach, which further bolsters its revenue potential.

Mixi Financial Statement Overview

Summary

Mixi demonstrates strong financial health with a solid balance sheet and efficient operations. However, recent declines in revenue growth and free cash flow warrant attention. The company maintains a low leverage position, providing stability, but must address profitability pressures and cash flow challenges to sustain long-term growth.

Income Statement

Mixi's income statement shows a stable gross profit margin around 68-70% over the periods, indicating strong cost management. However, the net profit margin has seen a decline from 11.37% to 10.75% in the TTM, reflecting some pressure on profitability. Revenue growth has been inconsistent, with a recent decline of 1.68% in the TTM, which could be a concern if it continues. EBIT and EBITDA margins remain healthy, showcasing operational efficiency.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio around 0.07-0.08, indicating low leverage and financial stability. Return on equity has been stable, albeit slightly declining, from 9.77% to 9.52% in the TTM, suggesting consistent shareholder returns. The equity ratio is strong, reflecting a solid capital structure with a high proportion of equity financing.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 10.11% in the TTM, which could impact future investments. The operating cash flow to net income ratio is healthy, indicating good cash conversion from profits. However, the free cash flow to net income ratio has decreased, suggesting potential challenges in maintaining cash flow levels relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	153.46B	154.85B	146.87B	146.87B	118.10B	119.32B
Gross Profit	105.32B	106.04B	102.63B	105.12B	88.58B	93.31B
EBITDA	31.11B	32.03B	17.00B	15.97B	20.36B	27.41B
Net Income	17.28B	17.60B	7.08B	5.16B	10.26B	15.69B
Balance Sheet
Total Assets	247.10B	225.54B	207.34B	222.32B	218.06B	226.36B
Cash, Cash Equivalents and Short-Term Investments	122.58B	144.04B	129.53B	138.44B	133.03B	149.81B
Total Debt	34.04B	12.45B	7.43B	7.79B	8.12B	8.93B
Total Liabilities	71.02B	44.21B	31.61B	38.86B	32.00B	36.77B
Stockholders Equity	175.10B	180.06B	174.52B	182.13B	184.64B	189.53B
Cash Flow
Free Cash Flow	14.57B	20.99B	5.72B	13.20B	-796.00M	29.87B
Operating Cash Flow	15.65B	27.48B	9.18B	15.75B	3.10B	34.67B
Investing Cash Flow	-37.80B	-14.49B	-6.85B	-7.35B	-17.89B	-7.16B
Financing Cash Flow	3.81B	-10.38B	-15.73B	-8.33B	-16.63B	-3.14B

Mixi Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2714.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2121, the sentiment is Negative. The current price of 2714 is below the 20-day moving average (MA) of 2751.35, below the 50-day MA of 2768.84, and below the 200-day MA of 3093.42, indicating a bearish trend. The MACD of -9.49 indicates Negative momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 46.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2121.

Mixi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2432	78 Outperform	¥282.35B	6.44	17.98%	2.52%	34.16%	―
2121	66 Neutral	¥180.00B	10.78	9.54%	4.61%	1.14%	77.07%
3765	64 Neutral	¥142.01B	33.17	3.38%	2.38%	-3.12%	-63.07%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
3932	60 Neutral	¥37.77B	18.08	―	4.06%	-15.30%	39.61%
3632	54 Neutral	¥72.36B	17.67	4.14%	2.09%	-2.61%	116.80%
3903	46 Neutral	¥18.92B	6.21	―	―	-37.68%	―

Mixi Corporate Events

MIXI Revises FY2026 Financial Forecast Upward Amid Strategic Acquisitions

MIXI, Inc. has revised its full-year financial forecast for FY2026, increasing its net sales projection due to the acquisition of PointsBet and strong performance in its sports and investment segments. However, the digital entertainment segment saw a downward revision in sales due to a decrease in MONSTER STRIKE’s monthly active users. Despite these changes, the company’s operating income remains unchanged, and its dividend policy is maintained.

The most recent analyst rating on (JP:2121) stock is a Buy with a Yen3556.00 price target. To see the full list of analyst forecasts on Mixi stock, see the JP:2121 Stock Forecast page.

Mixi, Inc. Reports Decline in Financial Performance but Anticipates Sales Growth

Mixi, Inc. reported a decline in its financial performance for the six months ended September 30, 2025, with net sales dropping by 2% and significant decreases in EBITDA and operating income compared to the previous year. Despite these challenges, the company has revised its financial forecast for the fiscal year ending March 31, 2026, reflecting an 8.5% increase in net sales, though it anticipates declines in other financial metrics. The company’s strategic moves, including the inclusion of six new companies in its consolidation scope, indicate a potential shift in its operational focus and market strategy.

The most recent analyst rating on (JP:2121) stock is a Buy with a Yen3556.00 price target. To see the full list of analyst forecasts on Mixi stock, see the JP:2121 Stock Forecast page.