Mixi (2121) AI Stock Analysis

• Market Cap: $216.31B
• Dividend Yield: 3.29%
• Average Volume (3M): 170.48K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.40
• Revenue Growth: 5.43%
• EPS Growth: 155.37%
• Country: JP
• Employees: 1,645
• Sector: Communication Services
• Sector Strength: 83
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 105.05
• Shares Outstanding: 71,330,850
• 10 Day Avg. Volume: 171,320
• 30 Day Avg. Volume: 170,483
• PEG Ratio: 0.59
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.10
• 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

• Rating: 80 Outperform
• Price Target: ¥3,864.00 ▲(17.27%Upside)

Mixi's strong financial performance and solid valuation are the primary drivers of its favorable stock score. The technical analysis suggests positive market momentum, though the stock is nearing overbought levels. Overall, Mixi is well-positioned financially with reasonable valuation metrics and technical indicators suggesting potential for continued growth.

Mixi Business Overview & Revenue Model

Company Description

Mixi, Inc. (2121) is a Japanese company primarily engaged in the development and operation of social networking services and mobile games. Founded in 1999 and headquartered in Tokyo, Japan, Mixi's core products include the popular social networking service 'mixi' and a suite of mobile games, most notably 'Monster Strike,' which has achieved widespread success both domestically and internationally. The company operates within the technology and entertainment sectors, focusing on creating engaging digital content and experiences for its users.

How the Company Makes Money

Mixi generates revenue through a combination of in-app purchases, advertising, and partnerships. The company's flagship mobile game, 'Monster Strike,' contributes significantly to its earnings by offering players the option to purchase virtual items and currency within the game. This freemium model is a key revenue stream, as it encourages user engagement and spending. Additionally, Mixi monetizes its social networking platform through advertising, leveraging user data to deliver targeted ads. Strategic partnerships and collaborations also play a role in Mixi's revenue generation, as the company often works with other technology and entertainment firms to expand its reach and enhance its offerings.

Mixi Financial Statement Overview

Summary

Mixi presents a robust financial profile with strong revenue growth and efficient operations. The balance sheet is stable with low leverage, and cash flows are healthy, supporting ongoing operations and investments. Potential risks include maintaining consistent margins and converting revenues into free cash flow effectively.

Income Statement

The company showed strong revenue growth in TTM (Trailing-Twelve-Months) with a Gross Profit Margin of 69.1% and a Net Profit Margin of 8.4%. The EBIT Margin stands at 16.9% and EBITDA Margin at 20.3%, indicating healthy operational efficiency. Although there was a decline in EBIT margin compared to the previous year, the overall margins remain robust.

Balance Sheet

The balance sheet reflects a solid financial position with a low Debt-to-Equity Ratio of 0.08, indicating minimal financial leverage. Return on Equity (ROE) is moderately strong at 7.4%, and the Equity Ratio is high at 79.0%, demonstrating financial stability and low risk.

Cash Flow

The cash flow analysis reveals a strong Free Cash Flow Growth Rate with a significant increase in Operating Cash Flow. The Operating Cash Flow to Net Income Ratio is 1.92, indicating efficient cash generation from operations. However, the Free Cash Flow to Net Income Ratio is 1.37, suggesting a slight lag in free cash flow relative to net income.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
152.01B	146.87B	146.87B	118.10B	119.32B	112.17B
	Gross Profit
105.06B	102.63B	105.12B	88.58B	93.31B	90.88B
	EBIT
25.73B	19.18B	24.82B	16.07B	22.93B	17.16B
	EBITDA
30.90B	17.00B	29.48B	20.33B	27.12B	18.91B
	Net Income Common Stockholders
12.83B	7.08B	5.16B	10.26B	15.69B	10.76B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
103.23B	129.53B	138.44B	118.63B	149.81B	125.43B
	Total Assets
220.44B	207.34B	222.32B	218.06B	226.36B	199.98B
	Total Debt
13.58B	7.43B	7.79B	8.12B	8.93B	3.62B
	Net Debt
-87.96B	-98.48B	-111.14B	-110.51B	-140.89B	-121.80B
	Total Liabilities
44.90B	31.61B	38.86B	32.00B	36.77B	19.04B
	Stockholders Equity
174.10B	174.52B	182.13B	184.64B	189.53B	180.87B
Cash Flow		Free Cash Flow
17.60B	5.72B	13.20B	-796.00M	29.87B	7.86B
	Operating Cash Flow
24.66B	9.18B	15.75B	3.10B	34.67B	17.79B
	Investing Cash Flow
-11.57B	-6.85B	-7.35B	-17.89B	-7.16B	-30.68B
	Financing Cash Flow
-13.78B	-15.73B	-8.33B	-16.63B	-3.14B	-6.08B

Mixi Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3295.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 3295 is above the 20-day moving average (MA) of 3259.75, above the 50-day MA of 3209.91, and above the 200-day MA of 3003.91, indicating a bullish trend. The MACD of 42.76 indicates Negative momentum. The RSI at 53.82 is Neutral, neither overbought nor oversold. The STOCH value of 46.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2121.

Mixi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2121	80 Outperform	$216.31B	12.90	9.81%	3.29%	5.43%	155.37%
3765	76 Outperform	$147.51B	17.51	6.97%	2.27%	-17.33%	-28.64%
2432	66 Neutral	$293.06B	12.21	10.56%	2.44%	19.94%	―
3932	64 Neutral	¥41.60B	25.27		3.29%	-1.33%	5.97%
3632	63 Neutral	$91.52B	37.58	2.39%	2.93%	-14.96%	-72.07%
Sector *	61 Neutral	$14.35B	5.84	-4.31%	3.69%	2.75%	-35.67%
3903	48 Neutral	¥26.73B	―		―	-12.61%	-314.92%

Mixi Corporate Events

MIXI Updates on PointsBet Acquisition

MIXI, Inc. has announced an update regarding its acquisition of PointsBet Holdings Limited, an Australian company engaged in the betting business. MIXI has decided to increase the purchase price of PointsBet’s ordinary shares to ensure the acquisition’s success, with the transaction expected to be completed through a Scheme of Arrangement under Australia’s Corporations Act. The acquisition is contingent upon various approvals, and MIXI is prepared to consider alternative acquisition methods if necessary.

Mixi Announces Secondary Offering of Shares

Mixi, Inc. has announced a secondary offering of its shares, with Kenji Kasahara, a principal shareholder, selling 4,000,000 common shares to Mercury Leaf K.K. and Mercury Sprout K.K. This transaction, constituting over 5% of voting rights, is classified as an act equivalent to a tender offer under Japanese financial regulations. The sale, priced at 3,220 yen per share, totals 12,880,000,000 yen and is part of a strategic move to transfer shares in compliance with legal procedures.

Mixi, Inc. Increases Year-End Dividend to 65 Yen Per Share

Mixi, Inc. announced a decision to increase its year-end dividend per share to 65 yen, up from the previous forecast of 55 yen, reflecting a commitment to returning profits to shareholders. This move aligns with Mixi’s strategy to enhance corporate value through sustainable growth and investment, while adhering to a dividend policy targeting a payout ratio of 20% or a dividend on equity of 5%.

MIXI, Inc. to Retire 2.4 Million Treasury Shares

MIXI, Inc. announced the retirement of 2,400,000 common shares, representing 3.26% of its total outstanding shares, as part of a strategic move to optimize its capital structure. This decision, resolved in a Board of Directors meeting, will reduce the total number of outstanding shares to 71,330,850, potentially enhancing shareholder value and reflecting the company’s commitment to efficient capital management.

MIXI, Inc. Announces Board and Senior Officer Changes

MIXI, Inc. announced changes in its board of directors and senior corporate officers, with new appointments and reappointments set to be confirmed at the upcoming Ordinary General Meeting of Shareholders in June 2025. These changes are expected to influence the company’s strategic direction and operational management, potentially impacting its market positioning and stakeholder relations.

MIXI, Inc. Announces Share Repurchase Plan to Enhance Shareholder Value

MIXI, Inc. has announced a resolution to repurchase up to 4,750,000 of its common shares, representing 7.01% of its total outstanding shares, as part of its strategy to enhance shareholder returns and improve capital efficiency. The repurchase, valued at up to 9.5 billion yen, will be conducted through market purchases on the Tokyo Stock Exchange from May 15, 2025, to March 31, 2026, reflecting the company’s commitment to adapting its capital policy to changing business environments.

Mixi Reports Strong Financial Performance with Increased Dividends

Mixi, Inc. reported a significant improvement in its financial performance for the fiscal year ended March 31, 2025, with net sales increasing by 5.4% and profit attributable to owners of the parent rising by 148.5% compared to the previous year. The company also announced a higher dividend payout, reflecting its robust financial health and commitment to returning value to shareholders. Despite these positive results, Mixi forecasts a modest growth in net sales and a decline in profitability for the next fiscal year, indicating potential challenges ahead.

MIXI Dissolves Alliance with Decollte Holdings, Transfers Shares to IBJ

MIXI, Inc. has announced the dissolution of its capital and business alliance with Decollte Holdings Corporation, transferring a significant portion of its shares to IBJ, Inc. This strategic move involves the transfer of 1,353,800 shares, while MIXI retains a small stake in Decollte Holdings, indicating a continued cooperative relationship. The financial impact of this transaction on MIXI’s current fiscal year is expected to be minimal.