for Shareholders and Investors Online Report

* Updated in September 22, 2022

This section includes the message from the president to shareholders and investors and summarizes information including the details of company activities.
Past annual reports and notices to shareholders are also listed here.

Corporate Philosophy / Tagline

Corporate Philosophy

Making impossible entertainment , possible.

We believe in your abilities, uniqueness and creativity in building a future that is exciting
and world changing.


Really! Mad+Pure

Message from the President

Earnings Results for FY2022

Katsumi Kuroiwa

Corporate PhilosophyIn the fiscal year ended March 2022, the Group set itself two missions, establish a revenue structure that does not depend on a recovery of the live concert market and move into the global and new technology markets. To establish a new earnings structure, the Group signed new contracts with artists, celebrities, personalities, and creative professionals popular among young people. In addition, we engaged in content production, launched a paid distribution service for online live performances and expanded the market for a music streaming service. The Group also pursued initiatives aimed at the future possibilities of entertainment in the global and new technology markets, including the development and launch of new artists targeting the global market and the sales of NFT content in the virtual world known as the "metaverse."

In addition, the Company relocated its head office in March 2022 and gathered various companies and divisions from the Avex Group at the largest one-floor working space (approx. 750 seats) in Tokyo to promote teamwork and active communication. The Group also promoted hybrid working styles allowing employees to select more accessible flexible working styles using approximately 400 new co-working spaces.

In addition to these activities, an increase in the number of live events thanks to the gradual easing of restrictions on live events and strong sales of music packaged products resulted in year-on-year growth in sales. As a result, net sales amounted to 98,437 million yen (up 20.7% year on year) with an operating income of 2,582 million yen (up from an operating loss of 6,278 million yen in the previous period), marking a period of increase to both sales and profit. Profit attributable to owners of parent fell 919 million yen (down 92.8% year on year) due to the posting of significant extraordinary income, including gain on the sale of noncurrent assets in the preceding period.

Business Environment

In the domestic music market, the market for packaged music has been on the decline since peaking in 2000, but in recent years the decline has eased. I believe that one of the factors behind this is that demand for high unit-value products has risen due to Japan's high-quality packaged goods being offered in a format that enhances their value to fans. Meanwhile, the digitalization of the online distribution market has steadily expanded. Streaming, in particular, has continued strong growth, with the size of the market increasing around 1.3 times the previous year, and is expected to overtake the package market within the next several years. The global music market, as with Japan, has seen a declining trend in the market for packaged music, but the decline has been covered through streaming and other digital formats, transforming into a growth market around 2014. Particularly in the Asian market, excluding Japan, sales have been growing to around 1.3 times the previous year.

In this way, the music industry is a global growth industry, and even by its size, I believe the Japanese market can also change into an extremely promising one.

Digitalization has changed the environment for monetization, boosting the value of the intellectual property. We will shift away from temporary monetization focused on expanding the range of sales at a given time, like packaged product sales, enabling ongoing monetization through streaming and online distribution. In fact, looking at total revenue for the top five artists in the world, steaming and rights-based revenue already far exceeds packaged music sales.

For the animation and video market, despite a temporary downturn in the domestic market due to the COVID-19 pandemic in 2020, recently the size of the overseas animation market exceeded that of the domestic animation market for the first time.

With digital video distribution platforms exhibiting continued growth, there are more opportunities where Japanese animation is being demanded overseas, and progress has been made in reaching agreements with overseas entities for many animations and video titles. This expansion, in terms of both area and recognition, has led to ongoing growth in the number of participants related to animation and video IPs.

Formulating the avex vision 2027 Medium-term Management Plan

To clarify the purpose of its corporate activities and the social significance of its presence in light of these changes to the market environment, Avex defined a new corporate philosophy and formulated the avex vision 2027 Medium-term Management Plan, with the fiscal year ending March 2027 as its final year.

Check here for an overview of the Medium-term Management Plan

Forecast for the Fiscal Year Ending March 2023 and Shareholder Return

Although we expect a reduced impact from the COVID-19 pandemic, we will make investments in IPs to achieve the goals of the Medium-term Management Plan, As a result, we forecast operating income of 1 billion yen (down 61.3% year on year) and profit attributable to owners of parent of 400 million yen (down 56.5% year on year) for our forecast for the fiscal year ending March 2023.

We have a payout policy of maintaining a consolidated payout ratio of at least 35% and paying an annual dividend of at least 50 yen per share. For the fiscal year ended March 2022, we offered an annual dividend of 50 yen per share. For the fiscal year ending March 2023, we plan to pay an annual dividend of 50 yen per share in accordance with this policy.

Check detailed information about our business results and financial situation here Check the IR library here
View more details

Business Categories

Music business

We aim to be an Asia-leading multi-functional label company that consolidates music-related business infrastructure selected by artists and creators.

Anime/Video business

For the Anime/Video content, we aim to maximize sales by implementing those businesses we have strengths in a 360 degree manner, including developing content into plays and movies while also trying to acquire and expand new IPs.

Management business

We manage artists, talents, creators, athletes, intellectuals and others. We also work towards creating new hits and content by nurturing new artists, running schools and building an integrated framework for discovering, training and managing talent.

Digital platform business

We design and manage digital platforms such as e-commerce websites, fan clubs, concerts and event ticket sales.

Oversea/New/Technology/Other business

In the Oversea business, we produce and release music in the US, invest in new ventures, conduct a license business in Asia, plan and produce concerts, etc. and manage artists. In the New/Technology business, we engage in different businesses aiming for synergy with our flagship operation, including creator and virtual artist management, planning and production, agent operation, etc.

Check the Business Categories here



Japanese Dance & Vocal Group Da-iCE Becomes First to Have a Song Reach 100 million Streams on a Subscription Platform

CITRUS was released in November 2020, and the song gained attention from a wide audience as the theme song for a popular TV drama and later went on to become the first song in Japanese history from a dance & vocal group to reach 100,000,000 streams on a subscription platform (*over 200 million as of March 2022). Not only that, but the song also received the 63rd Japan Record Award!

Avex Organizes World Tour of "FASHION FREAK SHOW" Musical with Involvement of World-Renowned Fashion Designer Jean Paul Gaultier

Avex Entertainment Inc. will be staging the world tour of FASHION FREAK SHOW, a musical that features involvement of world-renowned fashion designer Jean Paul Gaultier. The world tour kicks off in London in July 2022, and is scheduled to continue in 15 countries in regions worldwide including Europe, Asia, Oceania, and North America. The tour is scheduled to arrive in Japan around spring 2023.


Marie Iitoyo Stars in Chimudondon, a 2022 Serialized NHK TV Drama

Marie Iitoyo stars as the former girlfriend of Kazuhiko, the childhood friend of heroine Nobuko in Chimudondon, a serialized NHK TV drama which began airing in April 2022.

Meru Nukumi is Active as a Model, Talent, and Actress

Meru Nukumi, also known as Meruru, was ranked first in the 2021 TV Commercial Surge Ranking announced by M Data Co., Ltd., and her TV commercial appearances have increased eight more than the previous year, 2020.My Boyfriend in Orange, the first film in which Meru starred as the heroine, also was ranked first in Japanese film rankings after its release in July. She is active as a model, talent, and actress.


Jeddah Season 2022 Opens in Saudi Arabia, Hosting a Gathering of Popular Anime in the Anime Village within the City Walk Area

At Jeddah Season 2022, a local Saudi Arabian event, Avex will be producing Anime Village, an experience-based event area with popular Japanese content and intellectual property, from Thursday, May 19 to Saturday, July 2, 2022.

A Group of Contracted Avex USA Music Publishing Writers Were Nominated for the 64th GRAMMY Awards in 10 Categories

The group of writers at Avex USA Inc. includes Harv, a songwriter and a producer from California that worked on Peaches ft. Daniel Caesar, Giveon, a global hit by Justin Bieber that topped The Billboard Hot 100, the Billboard Global 200, etc., in March and April of this year.Harv was nominated in five categories for the 64th GRAMMY Awards in 2022 by writing and producing Justin Bieber's Peaches ft. Daniel Caesar, Giveon, and the album this song is featured on, Justice.

Anime & Visual Content

TV Anime Ya Boy Kongming! is Well Received!

© Yuto Yotsuba, Ryo Ogawa, and KODANSHA/
Ya Boy Kongming! Production Committee

Ya Boy Kongming!, a TV anime that began airing in April 2022, has been ranked highly by various media outlets and users, with the intro video, featuring special unit QUEENDOM's cover of party king Jolly's Ciki Ciki Bam Bam, reaching 11 million views on YouTube. The end credits video with Kibun Jyojyo reached 4.2 million views, and the special music video for Be Crazy For Me from the anime reached 7.6 million views, attracting attention from many angles.

1.1 Million Tickets Sold for the Osomatsu-san Movie, with Box Office Revenue Reaching 1.5 Billion JPY Live-action Performance by Snow Man

©Osomatsu-san Theatrical Version Production Committee 2022

The popular Japanese idol group, Snow Man, stars in Osomatsu-san, the first live-action movie in the Osomatsu-san series, which began airing in 2015. The movie was released nationwide in Japan on Friday, March 25, 2022. The film gained momentum on the release day, with "Osomatsu-san movie" becoming a trend on social media and box office revenue reaching 1.5 billion JPY. The movie will be available on Blu-ray & DVD on October 26, 2022.


"avex vision 2027" Medium-term Management Plan Announced

To clarify the aim of a corporation’s activities and the social significance of a corporation's presence, Avex defined its Corporate Philosophy and has established the "avex vision 2027" Medium-term Management Plan. The plan offers to seek to discover and develop "beloved" intellectual property in many different regions and fields as a key strategy based on the Corporate Philosophy.

Shift to the Prime Market of the Tokyo Stock Exchange on April 4, 2022

Avex shifted from the First Section to the Prime Market of the Tokyo Stock Exchange on April 4, 2022. Avex aims to further improve its corporate value through dialogue with the capital market while also strengthening its corporate governance systems.

Performance and Financial Information


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View more Financial Highlights

*Information for each quarter is cumulative data from 1Q to that quarter.


Basic Approach

All of our employees are aware of the compliance policy and engage with Sustainability activities through the very business of providing entertainment as a company that delivers inspiring experience.

At any time,entertainment to bring people closer to each other.

At any time,entertainment to bring people closer to each other. In a society undergoing dizzying change, we constantly think about what we can do as a comprehensive entertainment company.

Donations and volunteering are activities that we do on a routine basis. However,we, think these things are common practice for corporations.

Our core business is to excite people's emotions: to evoke empathy,to provide hope and the joy of living, and to impart dreams for the future. Therefore,we feel that our business activities could also be a form co Sustainability.

To keep doing what we do,we want to provide an environment for people to produce entertainment.Avex is one of those environments,therefore, Avex should continue to be a place where each employee can work with enthusiasm.This is our unique form of Sustainability.

We want to utilize all of our knowhow to shake up people's emotionas, seeking out the kind of Sustainability that only our entertainment can achieve.

Click here for details on our sustainability policy and activity results

History of the Avex


We started from a small apartment.

Arpril 1988

Founded in Machida, Tokyo as a record importer and wholesaler

Founded in Machida, Tokyo as a record importer and wholesaler

May 1993

Head office relocated to Minami Aoyama in Minato-ku district, Tokyo

Head office relocated to Minami Aoyama in Minato-ku district, Tokyo

July 1995

Went into the artist management business

October 1997

Established an in-house music package distribution company

October 1998

Began trading on the OTC market (currently JASDAQ)

Began trading on the OTC market (currently JASDAQ)


Listed in the First Section of the Tokyo Stock Exchange

December 1999

Listed in the First Section of the Tokyo Stock Exchange

January 2000

Logo (corporate identity) changed

Logo (corporate identity) changed

August 2002

Started the “a-nation” nationwide circuit live music event

Started the “a-nation” Started the “a-nation”

October 2004

Avex Group Holdings Inc. and new company Avex Inc. are established and transferred to a special company by corporate split

May 2009

The BeeTV film distribution website for mobile phones is launched

The BeeTV film distribution website for mobile phones is launched


Announced details of a renewed tagline, "Really! Mad+Pure"

May 2017

Announced details of a renewed tagline, "Really! Mad+Pure"

Announced details of a renewed tagline, "Really! Mad+Pure"

November 2017

Trade name, logo (corporate identity) changed

Trade name, logo (corporate identity) changed

June 2018

Started a new system composed of Matsuura, the CEO, Kuroiwa, the COO, and Hayashi, the CFO

Started a new system composed of Matsuura, the CEO, Kuroiwa, the COO, and Hayashi, the CFO


Formulating the avex vision 2027 Medium-term Management Plan

May 2022

Formulating the avex vision 2027 Medium-term Management Plan

Formulating the avex vision 2027 Medium-term Management Plan
View the whole History of Avex

Company Overview

Name Avex Inc.
Location Sumitomo Fudosan Azabu-Juban Building, 1-4-1 Mita, Minato-ku, Tokyo 108-0073 (General Reception on 10th Floor)
Established on As of April 11, 1988
Capital 4,521.6748 million yen
Representative Chairman Masato Matsuura
President,CEO Katsumi Kuroiwa
CFO Shinji Hayashi
Employees 1,409 (as of March 31, 2022)

List of executives

Representative Director and Chairman

Masato Matsuura

Representative Director, CEO

Katsumi Kuroiwa

Representative Director, CFO

Shinji Hayashi


Toru Kenjo

Board Director and Audit and Supervisory Committee Member (Full-Time)

Nobuyuki Kobayashi

Board Director and Audit and Supervisory Committee Member (Outside)

Keiichi Okubo

Akihiro Tamaki

Yoshihide Sugimoto

Corporate Executive

Hideo Katsumata

Hisaou Wakaizumi

Seiichi Hatamoto

Yasuhiro Yamamoto

Hajime Shibata


Shinsuke Kato

Shingo Toguchi

Takeya Ino

Masahiko Tan

Akihito Yamanaka

Hideki Endo

Shunta Takahashi

Corporate Governance

In the Medium-term Management Plan, "avex vision 2027" announced on May 12, 2022, Avex Group defined a new corporate philosophy with the aim of clarifying the purpose of its corporate activities and the significance of its existence in society. The new philosophy is to "Continue to pursue the potential of entertainment. Believe in the infinite creativity of people and deliver a variety of talent and excitement to the world. And create an enriched future." Based on this corporate philosophy, in order to "Seek to discover and develop "beloved" intellectual property in many different regions and fields," which is a key strategy under the plan, Avex Group will implement key initiatives such as "Develop proprietary intellectual property that is rich in continuity, while seeking exits by type of culture;" "Improve talent development in line with the distribution market and discover many different kinds of intellectual property;" "Develop festivals and events valuable as intellectual property;" and "Develop and acquire intellectual property for animation and video works that will be loved for a long time."

To push forward with this Medium-term Management Plan, Avex Group recognizes that it is essential to build a more robust corporate governance framework in order to properly meet the expectations and trust placed in it by its shareholders and all other stakeholders. Avex Groupʼs basic philosophy of corporate governance is to build a management framework that provides the functions of accurate managerial decision-making, and prompt and appropriate business execution, and the adequate monitoring of these functions, while at the same time working to maintain and improve corporate ethics.

Avex is a Company with Audit and Supervisory Committee and the majority of Audit and Supervisory Committee is composed of Independent Outside Directors. By including members of the Audit and Supervisory Committee in its Board of Directors, Avex seeks to ensure the effectiveness of the supervisory function of the Board of Directors and further strengthen the corporate governance framework, and by delegating some of the decision-making authority for business execution of the Board of Directors to Directors, Avex seeks to separate the supervisory function and business execution, with the aim of speeding up management decision-making and increasing the flexibility of business execution.

  • Overview of Corporate Governance Structure

    Avex has adopted the system of a Company with Audit and Supervisory Committee, and the Audit and Supervisory Committee, which comprises four members including three Outside Directors, audits and supervises the business execution of Directors.

  • Internal Control Systems

    The Group maintains and develops a system of internal controls for ensuring the reliability of its financial reporting and increasing the effectiveness and efficiency of its business operations.

  • Outside Directors

    Avex appoints three Outside Directors. When these Outside Directors are selected, Avex sets forth the Independence Standards to assess their independence.

  • Executive Compensation

    The Company has positioned executive compensation as a driver to achieve sustained growth that will bring about greater corporate value.

  • Financial Audits

    Avex has a contract with Deloitte Touche Tohmatsu LLC to conduct financial audits as stipulated in the Companies Act and Japan's Financial Instruments and Exchange Law.

Stock Information

Stock Information

(as of September 1, 2022)

Prime Market of
Tokyo Stock Exchange
Stock code
Trading unit
Authorized shares
Shares issued
Fiscal year
April 1 to
March 31
General shareholders meeting
June of each year
Year-end dividend record date
March 31
Interim dividend record date
September 30
Transfer agent
Sumitomo Mitsui Trust Bank, Limited
Special account manager
Sumitomo Mitsui Trust Bank, Limited
Sumitomo Mitsui Trust Bank, Limited Stock Transfer Agency Business Planning Department (2-8-4 Izumi, Suginami-ku, Tokyo 168-0
All Sumitomo Mitsui Trust Bank offices in Japan


Click on the links below to view “Past Shareholder Reports” and “Past Annual Reports”.

Annual Reports

Online Report

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