To our Shareholders and Investors, Online Report

*Updated December, 2021

This report presents details of the Company's initiatives and activities for shareholders and investors. It also contains past annual reports and past shareholder newsletters.

Message from Top Management “Aiming to make a further leap forward when the timing is right”

Operating profit switches to “return to black”

In the fiscal year ending March 2022, we carried out two corporate missions, “Establish a profit structure that does not depend on the recovery of the live concert market” and “Starting on global markets and new technology markets”. In the interim period, we were able to realize an operating income surplus for the first time in three business periods.

Specifically, against the backdrop of the waning impact of Covid-19, music-centered business activities began to pick up again, with expansion mainly in music packages and live concerts, resulting in increased revenue and profit, with net sales coming in at 46,304 million yen (up 35.1% year-on-year), and operating income at 2,634 million yen (an operating loss of 2,229 million yen in the same period last year), and quarterly net profit attributable to the shareholders of the parent increased to 1,612 million yen (compared to a quarterly net loss attributable to the shareholders of the parent company of 3,289 million yen in the same period of the previous year).

Katsumi Kuroiwa, President and CEO
Katsumi Kuroiwa, President and CEO

Full-year forecast and shareholder returns

In terms of the full-year forecast for the fiscal year ending March 2022, operating income was revised upwards to 3 billion yen (against an initial forecast of 1 billion yen) and net income attributable to the shareholders of the parent company to 1.8 billion yen (against an initial forecast of 0 yen), as a result of the favorable business performance up to the current interim period.

As for shareholder returns, we have set a dividend policy of delivering a consolidated dividend payout ratio of 35% or more, and a minimum annual dividend of 50 yen per share. The dividend for the current interim period is 25 yen per share, and the year-end dividend is also planned to be 25 yen (making an annual dividend of 50 yen per share).

Mid to long term vision In pursuit of the realization of “strong IP creation”

The Group aims to realize “strong IP creation” with the keywords “Entertainment x Tech x Global”.
In the global domain in particular, the entertainment market is becoming borderless at an ever faster pace and new markets attractive to global IP are expanding.

Katsumi Kuroiwa, President and CEO
* IP stands for “Intellectual Property”. In the entertainment field, music, artists and personalities, anime and video works, games, characters, etc., are all called IP.

To face the challenges of this market, the Group is working on a project to develop the next generation of artists aiming for a place in the global market. The boy band project “WARPs”, from which emerged the members of “INTO1”, is a project that we have been focusing on, aiming to be very active in Asia, and we are planning to hold auditions to create a new boy band.
In addition, in the girl band project that is about to make its appearance very shortly, we have already been working on the development of a system in support of the world debut, employing world class creative talent, including some who have expertise in the development of K-POP acts that are at the forefront in the development of global artists. Moving forward, our intention is to continue to meet the challenges of the global market and to create next generation artists who will be the stars of the global stage in the very near future.
In addition, Avex USA, established in 2018, has been working to enhance the abilities of global standard creative talent. Centered around the “Avex House” studio, a hub of creativity, we are creating music, having signed exclusive publishing contracts with up-and-coming creators who will forge the way ahead for the next generation, as well as with some legendary creators and world class top producers. One of the latest developments is the solid result that some of our exclusive music writers have been nominated in a total of 10 categories in the 2022 “64th Grammy Awards” for music written for world class artists like Justin Bieber. Going forward, we want to continue our efforts to provide artists with a stable supply of world class music, and to increase the probability of producing hits.

In the months and years ahead, the Group will continue to strive to realize the aim of “strong IP creation” and to achieve the goals of the mid to long term plan, by delivering steady results in the domestic market, as well as by bringing staying power to meet the challenges of the global market.


Labels: Highest initial sales in the years since 2019

Snow Man's debut album ”Snow Mania S1“ took 1st place in the Oricon weekly album ranking for the first time (first week sales: 841,000 copies), recording the highest first week sales in the years since 2019.

In addition, we have released much anticipated works such as V6's last album ”Very6 BEST“.

Snow Man
”Snow Mania S1“
(Release date: September, 29)
”Very6 BEST“
(Release date: October, 26)
(Release date: November, 3)
(Release date: November, 10)
(Release date: December, 8)

Labels: Increased market share of subscription hit artists

Music distribution has been growing steadily, thanks to more than 100 million playbacks of Da-iCE ”CITRUS“, as well as strong performances by Dai Hirai and Awesome City Club and hits by BE:FIRST. In addition, it is expected that Chilli Beans and Atarayo who have just joined the label with a proven track record in indie music, will have a significant role to play.

Going forward, our intention is to continue to enhance the discovery of new artists and the provision of music in order to increase our market share of the subscription charts.

Dai Hirai
Awesome City Club
Chilli Beans.

Live concerts: Anticipating recovery throughout the whole live concert market

During the fiscal year ending March 2022, the effects of Covid-19 still restricted the holding of large concerts and events, but by actively promoting relatively small-scale live concerts and revising the profit structure of each performance, we were able to achieve profitability in the live concert business.

Going forward, our intention is to work to continue to deliver shows and live concerts, within the scope permitted, as we keep watch on the development of the Covid-19 situation, and to aim for the recovery of the live concert market overall as we include the resumption of performances in Japan by artists from overseas.

Ayumi Hamasaki
“ayumi hamasaki ASIA
TOUR 2021-2022 A(logo)
~23rd Monster~”
“Da-iCE a-i contact TOUR 2021
“Nippon Budokan ~Harami-chan 947 nichime no kiseki~”


Actresses and female performers taking off in a big way

We have a great range of talents, active in fields such as modeling, TV personalities and acting, etc., from Rina Kawaei, who has starred in NHK's Taiga Drama “Reach Beyond the Blue Sky”(Seiten wo Tsuke) and the asadora drama series “Come Come Everybody”, to Marie Iitoyo, who had the starring role in her first terrestrial TV drama, TV Tokyo's “Hinekure Onnna no Botchi Meshi”, Meru Nukumi, who ranked 2nd place among TV personalities used by companies in their TV commercials in the first half of 2021, and had a starring role in Nippon Television's “Koi desu! Yaki-kun to Shirojo Garu”, and Hitomi Kaji, who is featured in Ajinomoto's commercials aimed at promoting awareness of “intestinal activity”.

We plan to continue to discover and develop the next generation of models, personalities and actors.

Rina Kawaei
After starring in NHK's Taiga Drama “Reach Beyond the Blue Sky”(Seiten wo Tsuke), she is cast as the heroine of the asadora drama series “Come Come Everybody” and now considered a nationally famous actress.
Marie Iitoyo
Starred in her first terrestrial TV drama, TV Tokyo's “Hinekure Onnna no Botchi Meshi” and she is cast in the next NHK asadora TV series “Chimu-Dondon”.
Meru Nukumi
Ranked in 2nd place among TV personalities used by companies in their TV commercials in the first half of 2021, she is popular among teens as a CanCam exclusive model.
Her starring role in Nippon Television's “Koi desu! Yaki-kun to Shirojo Garu” is popular as well.
Hitomi Kaji
Her popularity is rising rapidly as an “intestinal activity” queen. She also featured in Ajinomoto's commercials.


Avex Group artists are active globally

Since its debut in April 2021, “INTO1”, to which Santa and Rikimaru of “WARPs UP” and Mika of “INTERSECTION” belong, has signed contracts with 20 companies for large-scale collaborations, including global brands, and had their song chosen as Tencent's Tokyo Olympics “cheering ambassadors” song. “INTO1” is rapidly transforming into a global boy band representing Asia.

In addition, Caelan of “INTERSECTION” is active on the global stage, mainly in China, appearing as an advertising character for many global brands, and has gained solid popularity, winning the grand prize in the Idol category of the trend awards , and is attracting much attention for his activities in the months and years ahead.


Anime and video

“Zombieland Saga Revenge” and “Muv-Luv Alternative” roll out

The TV anime “Zombieland Saga Revenge” had its broadcast debut in April 2021, and the Blu-ray release achieved top sales as a packaged work with the anime broadcast at the same time, and the project has been well received, following the previous work. In addition, “Muv-Luv Alternative”, which was the first in-house anime production produced by Avex Group, debuted in October 2021. In addition to terrestrial broadcasting in Japan, this work is being rolled out globally through the video distribution platform Crunchyroll.

©ゾンビランドサガ リベンジ製作委員会
“Zombieland Saga Revenge”
©aNCHOR / オルタネイティヴ第三計画
“Muv-Luv Alternative”

Anime channel “Animate Times” roll out begins

The Anime Times Company, which consists of 14 companies, including Avex Pictures Inc., Kodansha Co., Ltd, Shueisha Inc., Shogakukan Inc., etc., started offering its paid service “Anime Times” Channel on the Amazon Prime Video channel in August of 2021. Since its launch, the response from anime media and users has been terrific, and we plan to continue to grow the number of registered members by providing the best new works, with the aim of developing a service that is ever closer to the needs of the viewers and works.

“Animate Times” Channel
A full lineup of some 500 titles, from the hottest new shows to classic anime of yesteryear

Film and live action versions of popular works to be launched

“Summer Ghorst”, directed by the promising young creator, loundraw, and produced by the animation studio FLAGSHIP LINE, who worked on the Muv-Luv series, was released in theaters nationwide from November, 2021. In addition, the decision has been taken to release film versions of current popular programs, such as a movie version of the hit TV drama “Kinou Nani Tabeta?”, and a live-action version of "Osomatsu-san", which stars Snow Man.

“Summer Ghorst”
(Showing in theaters nationwide from November 12, 2021)
Ⓒ2021 劇場版「きのう何食べた?」製作委員会
“Kinou Nani Tabeta?”
(Showing in theaters nationwide from November 3, 2021)
“Osomatsu-san’ The Movie”
(Showing in theaters nationwide from March 25, 2022)

Related information


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

Annual Reports

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