serkan AT kantan-games.co.jp

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Mixi Issues Financial Report for Q2, Slashes Forecast For Full Fiscal [Social Networks]

Mixi has released the financial report for the second quarter of fiscal 2011 (July to September), and in a nutshell, things aren’t looking too good for Japan’s biggest social network: while sales have slightly (1.8%) risen to US$39.66 million, operating profit fell 16.8% to US$6.54 million year-on-year.

What’s even worse is that Mixi had to revise their forecast for the current fiscal year downwards, as shown in the overview below:

Also, neither the number for registered (25 million) nor active users (15 million) on Mixi has been growing recently.

Mixi’s full financial report in English can be downloaded from here.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.