Net sales and Operating income increased due to return of
business activities primarily from Music Business with the reduced
impact from COVID-19. Net Income Attributable to Owners of Parent decreased due to recording of Extraordinary Income from sales of fixed assets in FY 2020.
Financial Highlights - Net Sales Results by Segment
Net Sales increased by 16.9 billion yen (20.7%) YoY primarily due to increase in number of Live Concerts and number of sales in Music Packages for Music Business
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Avex Inc. published this content on 12 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 15:54:24 UTC.
AVEX Inc., formerly AVEX GROUP HOLDINGS INC., is a Japan-based holding company that operates in four business segments. The Music segment is engaged in the design, production and sale of music contents, the music distribution and publishing businesses, the management of artist talents, merchandising business, the operation of fan clubs, as well as the plan, production and operation of concert events. The Animation segment is engaged in the distribution of images, the design, production and sale of image contents, as well as the movie distribution businesses. The Digital segment is enagegd in the planning, production, sales and distribution of digital contents. The Overseas segment is engaged in the planning, production and sales of entertainment contents. The company also conducts venture investment business.
AVEX INC. 
