By Dr. Serkan Toto – On Japan's Game Industry

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

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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.

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By Dr. Serkan Toto – On Japan's Game Industry