AVEX INC. Really! Mad+Pure
ANNU AL REPOR T 2017
Fiscal year ended March 2017
Really! Mad+Pure
Be open minded and warm hearted. Be brave and embrace the unexpected.
Be Mad+Pure.
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Contents
avex snapshot
avex history
4 Dear Fellow Stakeholders
6 Special Feature: Progress Report on avex group growth strategy 2020
-towards an innovative future of entertainment
Review the Principles
Reform the Organization
Strengthen the Growth Strategy
Music Business
Anime Business
Digital Business
The Avex Group's CSR Activities
Compliance Policy
Corporate Governance
Management Team
Directors and Audit & Supervisory Board Members
Corporate Data and Investor Information
Financial Section
avex group ANNUAL REPORT 2017
avex snapshot (Fiscal years ended March 31)
Performance
Net sales growth was primarily driven by increases in video package and related business sales in the Video Business as well as rises in live performance-related revenues in the Management & Live Business. However, operating income decreased mainly due to the weak perfor- mance of some video distribution services.
Indicators
The operating income margin and ROE declined in the fiscal year ended March 31, 2017. This largely reflected the downturn in earnings. Despite this downturn, the shareholders' equity ratio remains stable, exceeding 40%. Looking ahead, the Avex Group will continue to strengthen its finan- cial base.
Per Share
The Avex Group has identified payout ratio and minimum dividend pay- ment targets of at least 35% and ¥50 per share, respectively. Turning to the fiscal year under review, the annual dividend was ¥50 per share.
Net Sales
Operating Income Margin
Net Income per Share
(¥ billion)
180
161.5
(%)
12
(¥)
200
120
60
0
'13 '14 '15 '16 '17
9
6
3.5
3
0
'13 '14 '15 '16 '17
150
100
50
0
2.75
'13 '14 '15 '16 '17
Operating Income
ROE
Equity per Share
(¥ billion)
15
10
5.7
5
0
'13 '14 '15 '16 '17
(%)
20
15
10
5
0.2
0
'13 '14 '15 '16 '17
(¥)
1,200
900
600
300
0
1,114.63
'13 '14 '15 '16 '17
Net Income Attributable to Owners of the Parent
Shareholders' Equity Ratio
Cash Dividends
(¥ billion)
8
6
4
2
0
0.1
'13 '14 '15 '16 '17
(%)
50
40
30
20
10
0
40.6
'13 '14 '15 '16 '17
(¥)
60
50
40
30
20
10
0
50.00
'13 '14 '15 '16 '17
avex group ANNUAL REPORT 2017 1
Consolidated Net Sales (¥ billion)
(Fiscal years ended March 31)
200
April 1988
Founded in Machida, Tokyo
as a record importer and wholesaler
October 1997 Established an in-house music package distribution company
October 1998 Began trading on the OTC market (currently JASDAQ)
October 2004 Shifted to a holding company system
150
100
September 1990
Started music production and established the record label, "avex trax"
December 1999
Listed on the First Section of the Tokyo Stock Exchange
January 2000
Current logo (corporate identity) adopted
July 1995 Went into the artist management business
avex history
May 1993
50 Relocated to
Minami-Aoyama in Tokyo's Minato-ku
0 '88 '89 '90 '91 '92 '93 '94 '95* '96 '97 '98 '99 '00 '01 '02 '03 '04 '05
Since its foundation in 1988, the Avex Group has been considering changes in its business environment as opportunities and has been
(Fiscal years ended
August 31 in 1994 and earlier)
August 1993
* Seven-month fiscal period
October 2001
providing people with excitement through entertainment.
Although there was a phase during which growth leveled off, the Avex Group was able to sustain its ever-increasing growth by the im- plementation of structural reforms heralded as its Second Takeoff.
May 2016 saw the announcement of the "avex group growth strategy 2020-towards an innovative future of entertainment" with
February 1990
50,000 people turned out for the free
"avex rave '93" dance event that for one night only turned the Tokyo Dome into a disco
February 1992
JULIANA'S TOKYO dance compilation album became a major hit
Opened Avex Artist Academy
in Harajuku, Tokyo
August 2002
Started the "a-nation" nationwide circuit live music event
steps taken to implement Group-wide reforms. Looking ahead, the Avex Group will also work to further improve its corporate value by reinforcing its growth strategy.
First Takeoff
Released a dance compilation album
SUPER EUROBEAT VOL. 1
avex group ANNUAL REPORT 2017 2
Avex Group Holdings Inc. published this content on 19 September 2017 and is solely responsible for the information contained herein.
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