1988
We started from a small apartment.
for Shareholders and Investors Online Report
* Updated in June 27, 2023
Jeddah Events Calendar 2023 - Anime Village at City Walk (Saudi Arabia)
Click here for details and related information.
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.
Tagline
Really! Mad+Pure
Message from the President
Earnings Results for FY2023
Katsumi Kuroiwa
With the goal of clarifying the social significance of the existence of the business, the Group established a new Corporate Philosophy, "Continue to pursue the potential of entertainment," in the fiscal year ended March 2023. Based on this philosophy, the Group formulated and announced avex vision 2027 Medium-term Management Plan in May 2022. Under the priority strategy: "Seek to discover and develop 'beloved' intellectual property in many different regions and fields," which was set out in the Medium-term Management Plan, the Group stepped up its investment to discover, develop, create and acquire new IP in each business field.
Meanwhile, COVID-19 pandemic restrictions imposed on public have been eased and, impacting the Music Business, the number of large-scale concerts has increased. Because of these and other facts, net sales stood at 121.561 billion yen (up 23.5% year on year) while operating profit came to 3.385 billion yen (up 31.1% year on year) and profit attributable to owners of parent came to 2.742 billion yen (up 198.2% year on year) as gain on sale of investment securities, etc. was recorded as extraordinary profit.
*IP=Intellectual Property
Overview by segment
Music Business: Operating profit decreased due to reasons such as investment in the creation of IP despite an increase in net sales mainly in live concerts and merchandising following the increase in the number of large live performances.
Anime & Visual Content Business: Net sales increased due to increases in distributed profit from the film production committee and box office revenue and other factors. However, operating profit decreased due to factors such as a decrease in the gross profit rate and an increase in SG&A expenses, which are attributable to the impact of the sales mix of the titles.
Digital Business: Net sales decreased due to reasons such as a decrease in sales of digital video distribution and fan club sales. Meanwhile, operating profit increased because of, for example, a decrease in expenses relating to digital video distribution.
Other Businesses: Sales and profit increased because of reasons such as the Avex Group's production of an anime event in Saudi Arabia.
Progress of avex vision 2027 Medium-term Management Plan
In the fiscal year ended March 2023, the first year of avex vision 2027 Medium-term Management Plan, we are steadily sowing seeds for the achievement of the Medium-term Management Plan, such as the development of IP and the strengthening of the structure for overseas expansion. Some of these seeds are clearly growing. To solidify this trend, our investment should accelerate during this stage.
We will build a business that grows over the medium and long term and will seek to unfailingly achieve our targets: operating profit of 15 billion yen and ROE at 15% in the fiscal year ending March 2027.
The following is a link to a summary of the avex vision 2027 Medium-term Management Plan.Promoting sustainability activities unique to an entertainment company
To fulfill our responsibility to help achieve a sustainable society as an entertainment company, we have identified material issues consisting of three key themes and seven individual items, and formulated a sustainability policy.
We seek to achieve a sustainable society by, for example, establishing a department dedicated to the promotion of sustainability, increasing employee awareness toward the realization of a sustainable society maximizing the advantages of an entertainment company, collaborating with and providing social experiences to the next generation, strengthening partnerships with local communities and promoting the next-generation of smart live concerts.
The following is a link to our sustainability initiatives.Forecast for the Fiscal Year Ending March 2024 and Shareholder Return
Regarding the fiscal year ending March 2024, the impact from the COVID-19 pandemic will decrease and the market environment is expected to recover. But we will add to investments in IP creation to achieve the goals stated in the Medium-term Management Plan. For this reason, we project operating profit and profit attributable to owners of parent to be 2 billion yen and 2.2 billion yen*, respectively.
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 2023, we offered an annual dividend of 50 yen per share. For the fiscal year ending March 2024, we are planning to pay an annual dividend of 50 yen per share in accordance with this policy.
*The full-year consolidated financial results forecast for the fiscal year ending March 2024 was revised on May 25, 2023.
Check detailed information about our business results and financial situation here. The following is the link to our IR library where earnings reports and other related statistics are available.
View more details
Business Categories
Music Business
The Music Business involves the planning and production of live concerts and events, the selling of tickets, merchandising, the management of artists, talent and creators, production, advertisement and sale of music content, the operation of an e-commerce site and other activities. We aim to be an Asia-leading multi-functional label company that consolidates music-related business infrastructure. We also work towards the creation of new hits and content and building an integrated framework for discovering, develop and managing talent.
Anime & Visual Content Business
We seek to maximize our sales by developing what we call the 360-degree business, which is our advantage. This involves, for example, the planning and production of and investment in animation and live-action works and the creation of adaptations of our content for the stage and screen. Furthermore, we pursue the acquisition and expansion of new IP.
Digital Business
We are striving to achieve optimization through a range of different businesses in the digital domain including the operation of fan clubs, the planning, production, sale and distribution of digital content, the planning, production and operation of VR-related works and other activities.
Other Business
We engage in different efforts such as the license business in Asia, the planning and production of live concerts and events, music publishing in the United States and investment in venture businesses in pursuit of the creation of synergy with the businesses we are focused on.
TOPICS
Music
Nissy completed a six-dome tour, one of the largest ever of its kind
Nissy Entertainment 4th LIVE — DOME TOUR is the second six-dome tour across Japan performed by a solo artist. The final show of the tour took place at Sapporo Dome, Hokkaido, which is Nissy’s hometown. The tour drew nearly 450,000 people, which is by far the largest ever for the artist.
Snow Man breaks a million in sales for the third consecutive album
Snow Labo. S2, Snow Man's second album released on September 21, 2022, broke a million in sales like their first album, Snow Mania S1, did. The band’s third and latest album, i DO ME, was released on May 17, 2023. This album also broke a million in sales within the first week after its release. The album includes nine new songs including Aikotoba, the main title, as well as singles including Orange kiss, Tapestry and W.
Management
Sota Hanamura (Da-iCE) wins New Artist Award at ACA National Arts Festival 2022 (the 77th)
Sota Hanamura (Da-iCE), an Avex Management artist, won the New Artist Award in the theater category at the ACA National Arts Festival sponsored by the Agency for Cultural Affairs commending individuals and works engaged in excellent arts and culture activities. The award is the result of the high praise Sota earned from his starring in the musical Jersey Boys.
Meru Nukumi appears in the drama Nichiyo no Yoru Gurai wa...
Meru Nukumi, an Avex Management actress, plays the part of Wakaba Higuchi in Nichiyo no Yoru Gurai wa…, a TV drama series first broadcast nationally from April 30, 2023 on ABC TV and the TV Asahi network. The series is about a friendship between three girls played by three winners of the 46th Japan Academy Film Prize, Nana Seino, Yukino Kishii and Meru Nukumi.
Anime & Visual
Chika Anzai wins Best Leading Voice-over Actor/Actress at the 17th Seiyu Awards
Chika Anzai, a voice-over actress of Avex Pictures, won Best Leading Voice-over Actor/Actress at the Seiyu Awards which commend the most impressive voice-over actors/actresses and works of the year. She earned praise for her performance in the role of Chisato Nishikigi, the lead character of the 2022 animation Lycoris Recoil.
Paradox Live celebrates the third anniversary and creation of its TV version is decided
Paradox Live, a mixed media hip-hop project, celebrated its third anniversary in November 2022. It takes many different forms, mainly a series of CDs series consisting of voice dramas and songs. Paradox Live Dope Show 2023, the third live concert in front of real audience, was held at Makuhari Messe Event Hall on May 21, 2023. This is one of the largest-ever Paradox Live concerts in size. The animated TV program Paradox Live THE ANIMATION will start to be broadcast on TOKYO MX, BS FUJI and ANIMAX in October 2023.
Global operations
STAR ISLAND New Year countdown show was held in Singapore, celebrating the start of 2023
STAR ISLAND, a futuristic fireworks entertainment program that originated in Japan, held a show titled STAR ISLAND SINGAPORE Countdown Edition 2022-2023 presented by JCB in Singapore on December 31, 2022. Against the background of Marina Bay’s symbolic skyline, traditional Japanese fireworks entertained over 20 thousand spectators and nearly 600 thousand tourists who gathered around the venue. Online, it collected more than 70,000 views on YouTube Live.
Anime Village wins the Grand Prix at CJPF Awards 2023
Avex Asia Pte.Ltd.Anime Village, co-produced by Avex Asia Pte. Ltd. and Sela, a major event company based in Saudi Arabia, won the grand prix in the Project Category at CJPF (Cool Japan Platform) Award 2023 which commends Cool Japan efforts to communicate Japan’s attractiveness. Anime Village is an event subzone of City Walk at Jeddah Season 2022 and is home to an experience-based pavilion of Japanese animated content and shops selling related merchandise.
Anime Village is an event subzone of City Walk at Jeddah Season 2022 and is home to an experience-based pavilion of Japanese animated content and shops selling related merchandise. Anime Village also includes concerts and character shows at Jeddah Season 2023 which opened on April 24, 2023.
Corporate
Promoting sustainability activities
Our sustainability policy, “Contribution to future talent and undiscovered joy,” was formulated in November 2022. We take action in many different ways in line with our policy and material issues. For avex class, we visit students to communicate the importance of believing in one’s talent and dreams. LIVE EMPOWER CHILDREN is a charity concert supporting the treatment of pediatric cancer.
Performance and Financial Information
Sales
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | 32,276 | 29,028 | 14,108 | 19,417 | 28,473 |
| 2Q | 83,012 | 61,189 | 34,279 | 46,304 | 54,060 |
| 3Q | 122,621 | 100,312 | 54,707 | 76,032 | 85,525 |
| 4Q | 160,126 | 135,469 | 81,527 | 98,437 | 121,561 |
Operating income
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | 155 | 366 | △1,054 | 262 | 2,288 |
| 2Q | 3,712 | △688 | △2,229 | 2,634 | 3,619 |
| 3Q | 5,952 | 2,349 | △3,610 | 3,926 | 3,344 |
| 4Q | 7,089 | 4,033 | △6,278 | 2,582 | 3,385 |
Ordinary income
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | 242 | 121 | △1,309 | 208 | 2,250 |
| 2Q | 3,778 | △1,187 | △2,557 | 2,623 | 3,771 |
| 3Q | 5,691 | 1,799 | △3,815 | 4,012 | 3,351 |
| 4Q | 6,529 | 3,017 | △6,538 | 2,351 | 4,055 |
Profit attributable to owners of parent
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | △145 | △348 | △1,704 | 11 | 1,675 |
| 2Q | 1,584 | △1,762 | △3,289 | 1,612 | 3,207 |
| 3Q | 2,417 | 59 | △4,284 | 2,407 | 2,826 |
| 4Q | 2,354 | △1,102 | 12,831 | 919 | 2,742 |
Net assets
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | 50,679 | 50,262 | 47,772 | 59,435 | 60,712 |
| 2Q | 52,312 | 49,122 | 47,201 | 60,920 | 62,357 |
| 3Q | 52,017 | 50,113 | 43,189 | 63,308 | 61,112 |
| 4Q | 52,055 | 49,449 | 58,339 | 60,694 | 58,838 |
Shareholders' equity ratio
(％)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 自己資本比率（連結） | 38.6 | 38.2 | 52.6 | 59.2 | 53.3 |
Total assets
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 1Q | 124,224 | 121,055 | 111,071 | 94,863 | 98,931 |
| 2Q | 127,556 | 119,112 | 113,089 | 94,438 | 104,625 |
| 3Q | 128,686 | 121,025 | 121,189 | 104,006 | 106,242 |
| 4Q | 125,808 | 120,414 | 105,105 | 97,801 | 108,915 |
Cash flow from operating activities
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 通期 | 11,003 | △4,032 | △6,480 | △4,464 | 9,192 |
Cash flow from investing activities
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 通期 | △6,381 | △3,444 | 70,041 | △3,387 | △3,131 |
Cash flow from financing activities
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 通期 | △10,014 | 2,659 | △28,928 | △314 | △2,493 |
Cash and cash equibalents at end of period
(Million Yen)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 通期 | 22,832 | 17,956 | 52,654 | 44,671 | 48,143 |
Ordinary profit to total assets ratio
(％)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 総資産経常利益率（連結） | 5.0 | 2.5 | △5.8 | 2.3 | 3.9 |
Rate of return on equity
(％)
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | |
| 自己資本当期純利益率（連結） | 4.8 | △2.3 | 25.3 | 1.6 | 4.7 |
View more Financial Highlights
*Information for each quarter is cumulative data from 1Q to that quarter.
Sustainability
Sustainability policy
Contribution to future talent and undiscovered joy
We believe in a prosperous future created by diverse talent and joy, and, as an entertainment company, aim to create new value models that will contribute to a sustainable society.
With the goal of fulfilling our responsibilities as an entertainment company to help achieve a sustainable society, we engage in many different activities by specifying three material issues: creating and delivering intangible wealth, enabling the success of future generations of people and establishing an an organization that is a foundation for the creation of intangible wealth and the success of future generations.
Click here for details and related information.History of the Avex
Arpril 1988
Founded in Machida, Tokyo as a record importer and wholesaler
May 1993
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)
1999
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
August 2002
Started the “a-nation” nationwide circuit live music event
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
2017
Announced details of a renewed tagline, "Really! Mad+Pure"
May 2017
Announced details of a renewed tagline, "Really! Mad+Pure"
November 2017
Trade name, logo (corporate identity) changed
June 2018
Started a new system composed of Matsuura, the CEO, Kuroiwa, the COO, and Hayashi, the CFO
2022
Formulating the avex vision 2027 Medium-term Management Plan
May 2022
Formulating the avex vision 2027 Medium-term Management Plan
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 | 4,599.6607 million yen |
| Representative |
Chairman Masato Matsuura President,CEO Katsumi Kuroiwa CFO Shinji Hayashi |
| Employees | 1,514 (as of March 31, 2023) |
List of executives
Representative Director and Chairman
Masato Matsuura
Representative Director, CEO
Katsumi Kuroiwa
Representative Director, CFO
Shinji Hayashi
| Director (Part-time) |
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 |
|
| Executive |
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.
Corporate Governance Report(497KB)
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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.
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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.
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Outside Directors
Avex appoints three Outside Directors. When these Outside Directors are selected, Avex sets forth the Independence Standards to assess their independence.
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Executive Compensation
The Company has positioned executive compensation as a driver to achieve sustained growth that will bring about greater corporate value.
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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 March 31, 2023)
- Listing
- Prime Market of
Tokyo Stock Exchange - Stock code
- 7860
- Trading unit
- 100 shares
- Authorized shares
- 184,631,000
- Shares issued
- 45,558,800
- 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
- Contact
- Sumitomo Mitsui Trust Bank, Limited Stock Transfer Agency Business Planning Department (2-8-4 Izumi, Suginami-ku, Tokyo 168-0
- Locations
- All Sumitomo Mitsui Trust Bank offices in Japan
Archives
Click on the links below to view “Past Online report” and “Past Annual Reports”.
Online Report
Annual Reports
September 16, 2020 Annual Report 2020(4MB)
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