MIXI rebounds sharply after three days on strong Q1 results and upward revision

EarningsCorporate Action

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Summary · why it matters

MIXI rebounded sharply after three days of decline. The company's first-quarter results, announced last weekend, were well received as it achieved a significant increase in revenue and profit, with sales up 50 percent and operating profit up 102 percent year-on-year, driven by the new consolidation of PointsBet and growth in existing businesses. The market also welcomed the upward revision of its full-year net profit forecast due to an extraordinary gain from the sale of bitbank shares, along with an increase in the year-end dividend forecast from 65 yen to 95 yen per share.

Impact on stocks 1

Communication Services▲ · 1 stocks

▲ PositiveCapitalrelevance

Q1 results beat with revenue up 50% and operating profit up 102%, plus upward revision of full-year net profit forecast and increased dividend.

Off-coverage companies 2

PointsBet Holdings LimitedPrivate▲ Positive

Demandrelevance

New consolidation of PointsBet contributed to significant revenue and profit growth.

bitbankPrivate▲ Positive

Capitalrelevance

MIXI's sale of bitbank shares resulted in an extraordinary gain, positively impacting MIXI's earnings.