View Future GrowthAvex 過去の業績過去 基準チェック /46Avexの収益は年間平均-55.7%の割合で減少していますが、 Entertainment業界の収益は年間 増加しています。収益は年間4.8% 9%割合で 増加しています。 Avexの自己資本利益率は6.8%であり、純利益率は2.2%です。主要情報-55.74%収益成長率-55.86%EPS成長率Entertainment 業界の成長17.91%収益成長率9.00%株主資本利益率6.79%ネット・マージン2.16%前回の決算情報30 Jun 2026最近の業績更新Reported Earnings • Aug 07First quarter 2027 earnings released: EPS: JP¥10.00 (vs JP¥17.96 in 1Q 2026)First quarter 2027 results: EPS: JP¥10.00 (down from JP¥17.96 in 1Q 2026). Revenue: JP¥34.9b (up 6.7% from 1Q 2026). Net income: JP¥425.0m (down 44% from 1Q 2026). Profit margin: 1.2% (down from 2.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Jun 09Avex Inc. to Report Q1, 2027 Results on Aug 06, 2026Avex Inc. announced that they will report Q1, 2027 results on Aug 06, 2026分析記事 • May 21Additional Considerations Required While Assessing Avex's (TSE:7860) Strong EarningsAvex Inc. ( TSE:7860 ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥83.67 (vs JP¥26.10 in FY 2025)Full year 2026 results: EPS: JP¥83.67 (up from JP¥26.10 in FY 2025). Revenue: JP¥146.6b (up 11% from FY 2025). Net income: JP¥3.55b (up 212% from FY 2025). Profit margin: 2.4% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.お知らせ • Apr 09Avex Inc. to Report Fiscal Year 2026 Results on May 14, 2026Avex Inc. announced that they will report fiscal year 2026 results on May 14, 2026Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥51.83 (vs JP¥12.27 in 3Q 2025)Third quarter 2026 results: EPS: JP¥51.83 (up from JP¥12.27 in 3Q 2025). Revenue: JP¥39.0b (up 7.0% from 3Q 2025). Net income: JP¥2.20b (up 321% from 3Q 2025). Profit margin: 5.6% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesReported Earnings • Aug 07First quarter 2027 earnings released: EPS: JP¥10.00 (vs JP¥17.96 in 1Q 2026)First quarter 2027 results: EPS: JP¥10.00 (down from JP¥17.96 in 1Q 2026). Revenue: JP¥34.9b (up 6.7% from 1Q 2026). Net income: JP¥425.0m (down 44% from 1Q 2026). Profit margin: 1.2% (down from 2.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 25Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 4th December 2026 Dividend yield will be 4.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 34% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.お知らせ • Jun 09Avex Inc. to Report Q1, 2027 Results on Aug 06, 2026Avex Inc. announced that they will report Q1, 2027 results on Aug 06, 2026分析記事 • May 21Additional Considerations Required While Assessing Avex's (TSE:7860) Strong EarningsAvex Inc. ( TSE:7860 ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥83.67 (vs JP¥26.10 in FY 2025)Full year 2026 results: EPS: JP¥83.67 (up from JP¥26.10 in FY 2025). Revenue: JP¥146.6b (up 11% from FY 2025). Net income: JP¥3.55b (up 212% from FY 2025). Profit margin: 2.4% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.お知らせ • May 16Avex Inc. Provides Earnings Guidance for the Fiscal Year 2026Avex Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects operating profit of USD 40 million, implying expected year-over-year growth of +47% in profit as Avex continues investing in long-term global growth initiatives across music, anime, live entertainment, publishing, and intellectual property ownership.お知らせ • May 14Avex Inc., Annual General Meeting, Jun 26, 2026Avex Inc., Annual General Meeting, Jun 26, 2026.お知らせ • Apr 09Avex Inc. to Report Fiscal Year 2026 Results on May 14, 2026Avex Inc. announced that they will report fiscal year 2026 results on May 14, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥51.83 (vs JP¥12.27 in 3Q 2025)Third quarter 2026 results: EPS: JP¥51.83 (up from JP¥12.27 in 3Q 2025). Revenue: JP¥39.0b (up 7.0% from 3Q 2025). Net income: JP¥2.20b (up 321% from 3Q 2025). Profit margin: 5.6% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.分析記事 • Jan 05Avex (TSE:7860) Will Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 12th of June. This means the annual payment is 4.0% of the...分析記事 • Dec 19Avex (TSE:7860) Will Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 12th of June. Based on this...お知らせ • Dec 16Avex Inc. to Report Q3, 2026 Results on Feb 12, 2026Avex Inc. announced that they will report Q3, 2026 results on Feb 12, 2026分析記事 • Dec 05Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 12th of June...Declared Dividend • Dec 05First half dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 538% to bring the payout ratio under control. However, EPS has declined by 36% over the last 5 years so the company would need to reverse this trend.New Risk • Nov 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 69% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 287% Paying a dividend despite having no free cash flows. High level of non-cash earnings (69% accrual ratio).Reported Earnings • Nov 16Second quarter 2026 earnings released: EPS: JP¥2.43 (vs JP¥4.58 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥2.43 (up from JP¥4.58 loss in 2Q 2025). Revenue: JP¥31.3b (up 2.3% from 2Q 2025). Net income: JP¥103.0m (up JP¥305.0m from 2Q 2025). Profit margin: 0.3% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%).分析記事 • Sep 01Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 5th of December. The dividend...お知らせ • Sep 01Avex Inc. to Report Q2, 2026 Results on Nov 13, 2025Avex Inc. announced that they will report Q2, 2026 results on Nov 13, 2025分析記事 • Aug 11Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 5th of...Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥17.96 (vs JP¥40.53 in 1Q 2025)First quarter 2026 results: EPS: JP¥17.96 (down from JP¥40.53 in 1Q 2025). Revenue: JP¥32.7b (up 28% from 1Q 2025). Net income: JP¥761.0m (down 59% from 1Q 2025). Profit margin: 2.3% (down from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Aug 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.05% Last year net profit margin: 0.09% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 32x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.05% net profit margin).お知らせ • Jul 24Avex Inc. to Report Q1, 2026 Results on Aug 07, 2025Avex Inc. announced that they will report Q1, 2026 results on Aug 07, 2025分析記事 • Jul 24Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 5th of December. Based on this...分析記事 • Jul 09Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 5th of December. Based on this payment, the dividend yield...Declared Dividend • Jul 09Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend.分析記事 • Jul 04Avex's (TSE:7860) Profits May Be Overstating Its True Earnings PotentialAvex Inc. ( TSE:7860 ) posted some decent earnings, but shareholders didn't react strongly. Our analysis suggests they...Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Yoshihide Sugimoto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 08Avex Inc., Annual General Meeting, Jun 27, 2025Avex Inc., Annual General Meeting, Jun 27, 2025.お知らせ • Mar 27Avex Inc. (TSE:7860) acquired 20% stake in S10 Entertainment & Media LLC from it's existing shareholders.Avex Inc. (TSE:7860) acquired 20% stake in S10 Entertainment & Media LLC from it's existing shareholders on February 28, 2025. As a part of acquisition, Ownership interest ratio in S10 Entertainment & Media LLC became 40%. Avex Inc. (TSE:7860) completed the acquisition of 20% stake in S10 Entertainment & Media LLC from it's existing shareholders on February 28, 2025. David C Eisman and Ryne C Posey of Skadden, Arps, Slate, Meagher & Flom LLP acted as the legal advisor to S10 Entertainment and its founder Brandon Silverstein.お知らせ • Mar 26+ 1 more updateAvex Inc. Announces Board and Executive Changes for Avex Music Group LLCAvex Inc. (the "Company") hereby announces that the Company will acquire additional equity interest of US-based S10 Entertainment & Media LLC ("S10") (Headquarters: California, USA, Founder & CEO: Brandon Silverstein) from the existing shareholders of S10, and from the subsidiary of Avex USA Inc. ("AUI"), a wholly-owned consolidated subsidiary of the Company, Avex USA Partners LLC ("AUP"), which results in making S10 a consolidated subsidiary of the Company, and appoint Brandon Silverstein ("Brandon"), CEO of S10, as CEO of Avex Music Group LLC ("AMGL"), the Company's US subsidiary, effective on April 1. Changes in President and Directors (effective on April 1, 2025): Avex Music Group LLC. Brandon Silverstein, current ttile: (CEO, S10 Entertainment & Media LLC) with new title: Director, CEO (CEO, S10 Entertainment & Media LLC). Retirement of Naoki Osada as Director, CEO. Ryusuke Kamada, current tilte: (CFO, Avex USA Inc.) with Director, CFO (Director, Avex USA Inc.). Katsumi Kuroiwa, current title: (Representative Director, CEO, Avex Inc.) with Director (Representative Director, CEO, Avex Inc.). Hajime Shibata, current title: (Executive Officers, Avex Inc.) with new title: Director (Executive Officer, Avex Inc. Chairman, Avex USA Inc.). Takeya Ino, current title: (Director, Avex Entertainment Inc.) with new title: Director (Director, Avex Entertainment Inc.). Akihito Yamanaka current title: (President, Avex Live Creative Inc.) with new title: Director (Director, Avex Entertainment Inc.). Brandon Silverstein (Born in 1991) is a music industry entrepreneur known as the founder and CEO of S10. S10 handles artist management and manages top global artists such as Myke Towers and Big Sean. Since 2020, he has partnered with AUI in the music publishing domain, producing numerous Billboard hits including Justin Bieber's "Peaches (feat. Daniel Caesar & Giveon)" and Doja Cat's "Agora Hills." He has won numerous awards in the United States, including Forbes 30 Under 30 (2019), Billboard's 40 Under 40 (2021), and Billboard's Power Players' Choice Award (2023).Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).分析記事 • Mar 12Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 9th of June. Based on this...お知らせ • Mar 12Avex Inc. to Report Fiscal Year 2025 Results on May 08, 2025Avex Inc. announced that they will report fiscal year 2025 results on May 08, 2025分析記事 • Feb 19Avex (TSE:7860) Has Affirmed Its Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 9th of June. Based on this...Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥12.27 (vs JP¥22.56 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥12.27 (up from JP¥22.56 loss in 3Q 2024). Revenue: JP¥36.5b (up 22% from 3Q 2024). Net income: JP¥523.0m (up JP¥1.54b from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.分析記事 • Jan 07Avex (TSE:7860) Has Affirmed Its Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 9th of June. Based on this payment, the dividend yield on...分析記事 • Dec 24Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 9th of June. Based on this...分析記事 • Dec 06Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 9th of June. This makes the dividend yield 3.3%, which will...Declared Dividend • Dec 06First half dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 20x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2,228% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.分析記事 • Nov 21Avex's (TSE:7860) Problems Go Beyond Poor ProfitAvex Inc.'s ( TSE:7860 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some analysis and...New Risk • Nov 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.1% net profit margin).Reported Earnings • Nov 09Second quarter 2025 earnings released: JP¥4.58 loss per share (vs JP¥5.44 loss in 2Q 2024)Second quarter 2025 results: JP¥4.58 loss per share (improved from JP¥5.44 loss in 2Q 2024). Revenue: JP¥30.6b (down 5.6% from 2Q 2024). Net loss: JP¥202.0m (loss narrowed 18% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.分析記事 • Sep 27Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 4th of December. Based on this...お知らせ • Sep 26+ 1 more updateAvex Inc. to Report Q3, 2025 Results on Feb 13, 2025Avex Inc. announced that they will report Q3, 2025 results on Feb 13, 2025Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).分析記事 • Jul 25Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 4th of December. The dividend yield will be 3.3% based on...分析記事 • Jul 11Avex (TSE:7860) Will Pay A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend on the 4th of December, with investors...Declared Dividend • Jul 11Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) nor is it covered by cash flows (161% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥21.83 (vs JP¥60.79 in FY 2023)Full year 2024 results: EPS: JP¥21.83 (down from JP¥60.79 in FY 2023). Revenue: JP¥133.4b (up 9.7% from FY 2023). Net income: JP¥987.0m (down 64% from FY 2023). Profit margin: 0.7% (down from 2.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.お知らせ • Jun 28Avex Inc. to Report Q1, 2025 Results on Aug 08, 2024Avex Inc. announced that they will report Q1, 2025 results on Aug 08, 2024分析記事 • Jun 26Earnings Not Telling The Story For Avex Inc. (TSE:7860)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider Avex...お知らせ • Jun 13+ 1 more updateAvex Inc. Announces End of Year Dividend for the Year Ended March 31, 2024, Payable on June 7, 2024; Provides End of Second Quarter and End of Year Dividend Guidance for the Year Ending March 31, 2025Avex Inc. announced end of year dividend of JPY 25.00 per share for the Year ended March 31, 2024 compared to JPY 25.00 per share a year ago. Scheduled date for commencement of dividend payments: June 7, 2024.The company provided end of second quarter and end of year dividend guidance for the year ending March 31, 2025. For the end of second quarter, the company expects dividend of JPY 25.00 per share compared to JPY 25.00 per share a year ago.For the end of year, the company expects dividend of JPY 25.00 per share compared to JPY 25.00 per share a year ago.お知らせ • May 30Avex Inc. Provides Consolidated Earnings Forecasts for the Fiscal Year Ended March 31, 2024Avex Inc. provided consolidated earnings forecasts for the fiscal year ended March 31, 2024. For the year, the company expected Operating profit of JPY 2,000 million, Profit attributable to owners of parent of JPY 2,200 million and Profit per share of JPY 48.77.分析記事 • May 21Avex's (TSE:7860) Problems Go Beyond Weak ProfitAvex Inc.'s ( TSE:7860 ) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that...Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥21.83 (vs JP¥60.79 in FY 2023)Full year 2024 results: EPS: JP¥21.83 (down from JP¥60.79 in FY 2023). Revenue: JP¥133.4b (up 9.7% from FY 2023). Net income: JP¥987.0m (down 64% from FY 2023). Profit margin: 0.7% (down from 2.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.お知らせ • May 11Avex Inc., Annual General Meeting, Jun 21, 2024Avex Inc., Annual General Meeting, Jun 21, 2024.お知らせ • May 10Avex Inc. (TSE:7860) announces an Equity Buyback for 3,000,000 shares, representing 6.63% for ¥4,500 million.Avex Inc. (TSE:7860) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.63% of its share capital, for ¥4,500 million. The purpose of the program is to improve capital efficiency and shareholders' value. The program will expire on April 30, 2025. As of March 31, 2024, the company had 45,252,854 shares in issue (excluding treasury stock) and 410,546 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%).分析記事 • Mar 21Avex (TSE:7860) Will Pay A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 10th of June...お知らせ • Mar 20Avex Inc. to Report Fiscal Year 2024 Results on May 09, 2024Avex Inc. announced that they will report fiscal year 2024 results on May 09, 2024Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥22.56 loss per share (vs JP¥8.44 loss in 3Q 2023)Third quarter 2024 results: JP¥22.56 loss per share (further deteriorated from JP¥8.44 loss in 3Q 2023). Revenue: JP¥30.0b (down 4.6% from 3Q 2023). Net loss: JP¥1.02b (loss widened 168% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Dec 10Avex Inc. to Report Q3, 2024 Results on Feb 08, 2024Avex Inc. announced that they will report Q3, 2024 results on Feb 08, 2024New Risk • Nov 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin).Reported Earnings • Nov 10Second quarter 2024 earnings released: JP¥5.44 loss per share (vs JP¥33.96 profit in 2Q 2023)Second quarter 2024 results: JP¥5.44 loss per share (down from JP¥33.96 profit in 2Q 2023). Revenue: JP¥32.4b (up 27% from 2Q 2023). Net loss: JP¥246.0m (down 116% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Board Change • Oct 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Oct 05Avex Inc. to Report Q2, 2024 Results on Nov 09, 2023Avex Inc. announced that they will report Q2, 2024 results on Nov 09, 2023お知らせ • Jul 14Avex Inc. Decides to Reorganize the Avex Group and Change the System for Execution of Business OperationAvex Inc. decided to reorganize the Avex Group and change the system for execution of business operation. After the Reorganization, Avex Entertainment Inc. and Avex Pictures Inc. will become intermediate holding companies. Details are as follows. Purpose of the Reorganization; Under "avex vision 2027" a medium-term management plan announced in May 2022, the Company focuses on "meeting and developing talent," which is the basis of the Company's value creation. It also actively invests in intellectual property development, and pursues a range of measures to build a system that enables it to achieve medium to long-term growth. To accelerate the implementation of measures in line with the management policy, the Company will establish an intermediate holding company responsible for the Music and Management business and one responsible for the Anime & Visual Content business and delegate authority to these companies, clarifying business responsibilities. In this way, the Company aims to enhance competitiveness and implement growth strategies. Overview of the Reorganization; AEI, API and Avex Management Inc. ("AMG") will split their business divisions into separate companies. AEI will become an intermediate holding company responsible for the Music business and management, and API will become one responsible for the Anime & Visual Content business. The Group companies will be positioned in the new organizational structure.お知らせ • Jun 29Avex Inc. to Report Q1, 2024 Results on Aug 10, 2023Avex Inc. announced that they will report Q1, 2024 results on Aug 10, 2023お知らせ • May 26+ 1 more updateAvex Inc. Announces Dividend for the Year Ended March 31, 2023, Payable on June 8, 2023; Provides Dividend Guidance for the Second Quarter and Year End of the Fiscal Year Ending March 31, 2024Avex Inc. announced dividend for the year ended March 31, 2023. For the year, the company announced dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago. Scheduled date for commencement of dividend payments: June 8, 2023.For the second quarter end, the company expects to pay a dividend of JPY 25.00 per share. For the year end 2024, the company expects to pay a dividend of JPY 25.00 per share.Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥60.78 (vs JP¥20.75 in FY 2022)Full year 2023 results: EPS: JP¥60.78 (up from JP¥20.75 in FY 2022). Revenue: JP¥121.6b (up 24% from FY 2022). Net income: JP¥2.74b (up 198% from FY 2022). Profit margin: 2.3% (up from 0.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.お知らせ • May 13Avex Inc., Annual General Meeting, Jun 23, 2023Avex Inc., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%).Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥8.44 loss per share (vs JP¥17.65 profit in 3Q 2022)Third quarter 2023 results: JP¥8.44 loss per share (down from JP¥17.65 profit in 3Q 2022). Revenue: JP¥31.5b (up 5.8% from 3Q 2022). Net loss: JP¥381.0m (down 148% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 12Now 25% undervaluedOver the last 90 days, the stock is up 7.9%. The fair value is estimated to be JP¥2,165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • Dec 28Avex Inc. to Report Q3, 2023 Results on Feb 09, 2023Avex Inc. announced that they will report Q3, 2023 results on Feb 09, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥33.96 (vs JP¥35.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥33.96 (down from JP¥35.57 in 2Q 2022). Revenue: JP¥25.6b (down 4.8% from 2Q 2022). Net income: JP¥1.53b (down 4.3% from 2Q 2022). Profit margin: 6.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥33.96 (vs JP¥35.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥33.96 (down from JP¥35.57 in 2Q 2022). Revenue: JP¥25.6b (down 4.8% from 2Q 2022). Net income: JP¥1.53b (down 4.3% from 2Q 2022). Profit margin: 6.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.2%).Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥37.20 (vs JP¥0.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥37.20 (up from JP¥0.26 in 1Q 2022). Revenue: JP¥28.5b (up 47% from 1Q 2022). Net income: JP¥1.68b (up JP¥1.66b from 1Q 2022). Profit margin: 5.9% (up from 0.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 15Consensus EPS estimates fall by 56%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥137.9b to JP¥128.8b. EPS estimate also fell from JP¥115 per share to JP¥50.40 per share. Net income forecast to grow 147% next year vs 5.5% growth forecast for Entertainment industry in Japan. Consensus price target down from JP¥2,530 to JP¥1,700. Share price was steady at JP¥1,251 over the past week.Reported Earnings • May 17Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥20.75 (down from JP¥298 in FY 2021). Revenue: JP¥98.4b (up 21% from FY 2021). Net income: JP¥919.0m (down 93% from FY 2021). Profit margin: 0.9% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 62%. Over the next year, revenue is forecast to grow 40%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target increased to JP¥2,530Up from JP¥1,920, the current price target is provided by 1 analyst. New target price is 78% above last closing price of JP¥1,421. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of JP¥55.30 for next year compared to JP¥298 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: JP¥17.65 (up from JP¥22.80 loss in 3Q 2021). Revenue: JP¥29.7b (up 46% from 3Q 2021). Net income: JP¥795.0m (up JP¥1.79b from 3Q 2021). Profit margin: 2.7% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 5.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥35.57 (vs JP¥36.35 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥26.9b (up 33% from 2Q 2021). Net income: JP¥1.60b (up JP¥3.19b from 2Q 2021). Profit margin: 6.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.7%).Reported Earnings • Aug 11First quarter 2022 earnings released: EPS JP¥0.26 (vs JP¥39.18 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.4b (up 38% from 1Q 2021). Net income: JP¥11.0m (up JP¥1.72b from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥298 (vs JP¥25.37 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥81.5b (down 40% from FY 2020). Net income: JP¥12.8b (up JP¥13.9b from FY 2020). Profit margin: 16% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥96.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.7%).Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,561The company is up 52% from its price of JP¥1,025 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 5.0% over the same period.収支内訳Avex の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:7860 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費30 Jun 26148,7663,21737,261031 Mar 26146,5713,55336,723031 Dec 25142,1442,05035,839030 Sep 25139,58837035,504030 Jun 25138,8786536,652031 Mar 25131,6911,13836,745031 Dec 24131,6121,70537,457030 Sep 24125,16316137,420030 Jun 24126,96211736,345031 Mar 24133,38798737,251031 Dec 23130,4181,35336,873030 Sep 23131,8561,99335,841030 Jun 23125,0613,77135,649031 Mar 23121,5612,74234,676031 Dec 22107,9301,33833,250030 Sep 22106,1932,51433,599030 Jun 22107,4932,58333,355031 Mar 2298,43791931,735031 Dec 21102,85219,52232,850030 Sep 2193,55217,73231,512030 Jun 2186,83614,54630,337031 Mar 2181,52712,83130,087031 Dec 2089,864-5,44527,535030 Sep 20108,559-2,62929,338030 Jun 20120,549-2,45831,292031 Mar 20135,469-1,10233,111031 Dec 19137,817-434,643030 Sep 19138,303-99235,043030 Jun 19156,8782,15136,744031 Mar 19160,1262,35437,055031 Dec 18164,9212,90637,701030 Sep 18177,9824,81839,773030 Jun 18163,2022,13439,092031 Mar 18163,3752,60139,135031 Dec 17159,6242,21339,832030 Sep 17154,349-1,18738,367030 Jun 17158,319-3837,911031 Mar 17161,59211838,222031 Dec 16167,9203,75937,864030 Sep 16161,1645,27236,931030 Jun 16158,3815,28136,621031 Mar 16154,1224,29237,250031 Dec 15158,1862,97235,478030 Sep 15159,1335,19136,7140質の高い収益: 7860は 高品質の収益 を持っています。利益率の向上: 7860の現在の純利益率 (2.2%)は、昨年(0.05%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 7860の収益は過去 5 年間で年間55.7%減少しました。成長の加速: 7860の過去 1 年間の収益成長率 ( 4849.2% ) は、5 年間の平均 ( 年間-55.7%を上回っています。収益対業界: 7860の過去 1 年間の収益成長率 ( 4849.2% ) はEntertainment業界24.8%を上回りました。株主資本利益率高いROE: 7860の 自己資本利益率 ( 6.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMedia 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/23 03:17終値2026/08/21 00:00収益2026/06/30年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Avex Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Hitoshi KuriyamaBofA Global ResearchRobert KahnCitigroup IncJun HasebeDaiwa Securities Co. Ltd.8 その他のアナリストを表示
Reported Earnings • Aug 07First quarter 2027 earnings released: EPS: JP¥10.00 (vs JP¥17.96 in 1Q 2026)First quarter 2027 results: EPS: JP¥10.00 (down from JP¥17.96 in 1Q 2026). Revenue: JP¥34.9b (up 6.7% from 1Q 2026). Net income: JP¥425.0m (down 44% from 1Q 2026). Profit margin: 1.2% (down from 2.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Jun 09Avex Inc. to Report Q1, 2027 Results on Aug 06, 2026Avex Inc. announced that they will report Q1, 2027 results on Aug 06, 2026
分析記事 • May 21Additional Considerations Required While Assessing Avex's (TSE:7860) Strong EarningsAvex Inc. ( TSE:7860 ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...
Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥83.67 (vs JP¥26.10 in FY 2025)Full year 2026 results: EPS: JP¥83.67 (up from JP¥26.10 in FY 2025). Revenue: JP¥146.6b (up 11% from FY 2025). Net income: JP¥3.55b (up 212% from FY 2025). Profit margin: 2.4% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • Apr 09Avex Inc. to Report Fiscal Year 2026 Results on May 14, 2026Avex Inc. announced that they will report fiscal year 2026 results on May 14, 2026
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥51.83 (vs JP¥12.27 in 3Q 2025)Third quarter 2026 results: EPS: JP¥51.83 (up from JP¥12.27 in 3Q 2025). Revenue: JP¥39.0b (up 7.0% from 3Q 2025). Net income: JP¥2.20b (up 321% from 3Q 2025). Profit margin: 5.6% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 07First quarter 2027 earnings released: EPS: JP¥10.00 (vs JP¥17.96 in 1Q 2026)First quarter 2027 results: EPS: JP¥10.00 (down from JP¥17.96 in 1Q 2026). Revenue: JP¥34.9b (up 6.7% from 1Q 2026). Net income: JP¥425.0m (down 44% from 1Q 2026). Profit margin: 1.2% (down from 2.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 25Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 4th December 2026 Dividend yield will be 4.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 34% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.
お知らせ • Jun 09Avex Inc. to Report Q1, 2027 Results on Aug 06, 2026Avex Inc. announced that they will report Q1, 2027 results on Aug 06, 2026
分析記事 • May 21Additional Considerations Required While Assessing Avex's (TSE:7860) Strong EarningsAvex Inc. ( TSE:7860 ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...
Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥83.67 (vs JP¥26.10 in FY 2025)Full year 2026 results: EPS: JP¥83.67 (up from JP¥26.10 in FY 2025). Revenue: JP¥146.6b (up 11% from FY 2025). Net income: JP¥3.55b (up 212% from FY 2025). Profit margin: 2.4% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • May 16Avex Inc. Provides Earnings Guidance for the Fiscal Year 2026Avex Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects operating profit of USD 40 million, implying expected year-over-year growth of +47% in profit as Avex continues investing in long-term global growth initiatives across music, anime, live entertainment, publishing, and intellectual property ownership.
お知らせ • May 14Avex Inc., Annual General Meeting, Jun 26, 2026Avex Inc., Annual General Meeting, Jun 26, 2026.
お知らせ • Apr 09Avex Inc. to Report Fiscal Year 2026 Results on May 14, 2026Avex Inc. announced that they will report fiscal year 2026 results on May 14, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥51.83 (vs JP¥12.27 in 3Q 2025)Third quarter 2026 results: EPS: JP¥51.83 (up from JP¥12.27 in 3Q 2025). Revenue: JP¥39.0b (up 7.0% from 3Q 2025). Net income: JP¥2.20b (up 321% from 3Q 2025). Profit margin: 5.6% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 05Avex (TSE:7860) Will Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 12th of June. This means the annual payment is 4.0% of the...
分析記事 • Dec 19Avex (TSE:7860) Will Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 12th of June. Based on this...
お知らせ • Dec 16Avex Inc. to Report Q3, 2026 Results on Feb 12, 2026Avex Inc. announced that they will report Q3, 2026 results on Feb 12, 2026
分析記事 • Dec 05Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 12th of June...
Declared Dividend • Dec 05First half dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 538% to bring the payout ratio under control. However, EPS has declined by 36% over the last 5 years so the company would need to reverse this trend.
New Risk • Nov 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 69% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 287% Paying a dividend despite having no free cash flows. High level of non-cash earnings (69% accrual ratio).
Reported Earnings • Nov 16Second quarter 2026 earnings released: EPS: JP¥2.43 (vs JP¥4.58 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥2.43 (up from JP¥4.58 loss in 2Q 2025). Revenue: JP¥31.3b (up 2.3% from 2Q 2025). Net income: JP¥103.0m (up JP¥305.0m from 2Q 2025). Profit margin: 0.3% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%).
分析記事 • Sep 01Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 5th of December. The dividend...
お知らせ • Sep 01Avex Inc. to Report Q2, 2026 Results on Nov 13, 2025Avex Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
分析記事 • Aug 11Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 5th of...
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥17.96 (vs JP¥40.53 in 1Q 2025)First quarter 2026 results: EPS: JP¥17.96 (down from JP¥40.53 in 1Q 2025). Revenue: JP¥32.7b (up 28% from 1Q 2025). Net income: JP¥761.0m (down 59% from 1Q 2025). Profit margin: 2.3% (down from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Aug 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.05% Last year net profit margin: 0.09% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 32x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.05% net profit margin).
お知らせ • Jul 24Avex Inc. to Report Q1, 2026 Results on Aug 07, 2025Avex Inc. announced that they will report Q1, 2026 results on Aug 07, 2025
分析記事 • Jul 24Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 5th of December. Based on this...
分析記事 • Jul 09Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 5th of December. Based on this payment, the dividend yield...
Declared Dividend • Jul 09Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend.
分析記事 • Jul 04Avex's (TSE:7860) Profits May Be Overstating Its True Earnings PotentialAvex Inc. ( TSE:7860 ) posted some decent earnings, but shareholders didn't react strongly. Our analysis suggests they...
Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Yoshihide Sugimoto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 08Avex Inc., Annual General Meeting, Jun 27, 2025Avex Inc., Annual General Meeting, Jun 27, 2025.
お知らせ • Mar 27Avex Inc. (TSE:7860) acquired 20% stake in S10 Entertainment & Media LLC from it's existing shareholders.Avex Inc. (TSE:7860) acquired 20% stake in S10 Entertainment & Media LLC from it's existing shareholders on February 28, 2025. As a part of acquisition, Ownership interest ratio in S10 Entertainment & Media LLC became 40%. Avex Inc. (TSE:7860) completed the acquisition of 20% stake in S10 Entertainment & Media LLC from it's existing shareholders on February 28, 2025. David C Eisman and Ryne C Posey of Skadden, Arps, Slate, Meagher & Flom LLP acted as the legal advisor to S10 Entertainment and its founder Brandon Silverstein.
お知らせ • Mar 26+ 1 more updateAvex Inc. Announces Board and Executive Changes for Avex Music Group LLCAvex Inc. (the "Company") hereby announces that the Company will acquire additional equity interest of US-based S10 Entertainment & Media LLC ("S10") (Headquarters: California, USA, Founder & CEO: Brandon Silverstein) from the existing shareholders of S10, and from the subsidiary of Avex USA Inc. ("AUI"), a wholly-owned consolidated subsidiary of the Company, Avex USA Partners LLC ("AUP"), which results in making S10 a consolidated subsidiary of the Company, and appoint Brandon Silverstein ("Brandon"), CEO of S10, as CEO of Avex Music Group LLC ("AMGL"), the Company's US subsidiary, effective on April 1. Changes in President and Directors (effective on April 1, 2025): Avex Music Group LLC. Brandon Silverstein, current ttile: (CEO, S10 Entertainment & Media LLC) with new title: Director, CEO (CEO, S10 Entertainment & Media LLC). Retirement of Naoki Osada as Director, CEO. Ryusuke Kamada, current tilte: (CFO, Avex USA Inc.) with Director, CFO (Director, Avex USA Inc.). Katsumi Kuroiwa, current title: (Representative Director, CEO, Avex Inc.) with Director (Representative Director, CEO, Avex Inc.). Hajime Shibata, current title: (Executive Officers, Avex Inc.) with new title: Director (Executive Officer, Avex Inc. Chairman, Avex USA Inc.). Takeya Ino, current title: (Director, Avex Entertainment Inc.) with new title: Director (Director, Avex Entertainment Inc.). Akihito Yamanaka current title: (President, Avex Live Creative Inc.) with new title: Director (Director, Avex Entertainment Inc.). Brandon Silverstein (Born in 1991) is a music industry entrepreneur known as the founder and CEO of S10. S10 handles artist management and manages top global artists such as Myke Towers and Big Sean. Since 2020, he has partnered with AUI in the music publishing domain, producing numerous Billboard hits including Justin Bieber's "Peaches (feat. Daniel Caesar & Giveon)" and Doja Cat's "Agora Hills." He has won numerous awards in the United States, including Forbes 30 Under 30 (2019), Billboard's 40 Under 40 (2021), and Billboard's Power Players' Choice Award (2023).
Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).
分析記事 • Mar 12Avex (TSE:7860) Is Due To Pay A Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 9th of June. Based on this...
お知らせ • Mar 12Avex Inc. to Report Fiscal Year 2025 Results on May 08, 2025Avex Inc. announced that they will report fiscal year 2025 results on May 08, 2025
分析記事 • Feb 19Avex (TSE:7860) Has Affirmed Its Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 9th of June. Based on this...
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥12.27 (vs JP¥22.56 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥12.27 (up from JP¥22.56 loss in 3Q 2024). Revenue: JP¥36.5b (up 22% from 3Q 2024). Net income: JP¥523.0m (up JP¥1.54b from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
分析記事 • Jan 07Avex (TSE:7860) Has Affirmed Its Dividend Of ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 9th of June. Based on this payment, the dividend yield on...
分析記事 • Dec 24Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 9th of June. Based on this...
分析記事 • Dec 06Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 9th of June. This makes the dividend yield 3.3%, which will...
Declared Dividend • Dec 06First half dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 20x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2,228% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
分析記事 • Nov 21Avex's (TSE:7860) Problems Go Beyond Poor ProfitAvex Inc.'s ( TSE:7860 ) stock wasn't much affected by its recent lackluster earnings numbers. We did some analysis and...
New Risk • Nov 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.1% net profit margin).
Reported Earnings • Nov 09Second quarter 2025 earnings released: JP¥4.58 loss per share (vs JP¥5.44 loss in 2Q 2024)Second quarter 2025 results: JP¥4.58 loss per share (improved from JP¥5.44 loss in 2Q 2024). Revenue: JP¥30.6b (down 5.6% from 2Q 2024). Net loss: JP¥202.0m (loss narrowed 18% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
分析記事 • Sep 27Avex (TSE:7860) Is Paying Out A Dividend Of ¥25.00Avex Inc.'s ( TSE:7860 ) investors are due to receive a payment of ¥25.00 per share on 4th of December. Based on this...
お知らせ • Sep 26+ 1 more updateAvex Inc. to Report Q3, 2025 Results on Feb 13, 2025Avex Inc. announced that they will report Q3, 2025 results on Feb 13, 2025
Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
分析記事 • Jul 25Avex's (TSE:7860) Dividend Will Be ¥25.00Avex Inc. ( TSE:7860 ) will pay a dividend of ¥25.00 on the 4th of December. The dividend yield will be 3.3% based on...
分析記事 • Jul 11Avex (TSE:7860) Will Pay A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend on the 4th of December, with investors...
Declared Dividend • Jul 11Final dividend of JP¥25.00 announcedDividend of JP¥25.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) nor is it covered by cash flows (161% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥21.83 (vs JP¥60.79 in FY 2023)Full year 2024 results: EPS: JP¥21.83 (down from JP¥60.79 in FY 2023). Revenue: JP¥133.4b (up 9.7% from FY 2023). Net income: JP¥987.0m (down 64% from FY 2023). Profit margin: 0.7% (down from 2.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 28Avex Inc. to Report Q1, 2025 Results on Aug 08, 2024Avex Inc. announced that they will report Q1, 2025 results on Aug 08, 2024
分析記事 • Jun 26Earnings Not Telling The Story For Avex Inc. (TSE:7860)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider Avex...
お知らせ • Jun 13+ 1 more updateAvex Inc. Announces End of Year Dividend for the Year Ended March 31, 2024, Payable on June 7, 2024; Provides End of Second Quarter and End of Year Dividend Guidance for the Year Ending March 31, 2025Avex Inc. announced end of year dividend of JPY 25.00 per share for the Year ended March 31, 2024 compared to JPY 25.00 per share a year ago. Scheduled date for commencement of dividend payments: June 7, 2024.The company provided end of second quarter and end of year dividend guidance for the year ending March 31, 2025. For the end of second quarter, the company expects dividend of JPY 25.00 per share compared to JPY 25.00 per share a year ago.For the end of year, the company expects dividend of JPY 25.00 per share compared to JPY 25.00 per share a year ago.
お知らせ • May 30Avex Inc. Provides Consolidated Earnings Forecasts for the Fiscal Year Ended March 31, 2024Avex Inc. provided consolidated earnings forecasts for the fiscal year ended March 31, 2024. For the year, the company expected Operating profit of JPY 2,000 million, Profit attributable to owners of parent of JPY 2,200 million and Profit per share of JPY 48.77.
分析記事 • May 21Avex's (TSE:7860) Problems Go Beyond Weak ProfitAvex Inc.'s ( TSE:7860 ) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that...
Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥21.83 (vs JP¥60.79 in FY 2023)Full year 2024 results: EPS: JP¥21.83 (down from JP¥60.79 in FY 2023). Revenue: JP¥133.4b (up 9.7% from FY 2023). Net income: JP¥987.0m (down 64% from FY 2023). Profit margin: 0.7% (down from 2.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
お知らせ • May 11Avex Inc., Annual General Meeting, Jun 21, 2024Avex Inc., Annual General Meeting, Jun 21, 2024.
お知らせ • May 10Avex Inc. (TSE:7860) announces an Equity Buyback for 3,000,000 shares, representing 6.63% for ¥4,500 million.Avex Inc. (TSE:7860) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.63% of its share capital, for ¥4,500 million. The purpose of the program is to improve capital efficiency and shareholders' value. The program will expire on April 30, 2025. As of March 31, 2024, the company had 45,252,854 shares in issue (excluding treasury stock) and 410,546 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%).
分析記事 • Mar 21Avex (TSE:7860) Will Pay A Dividend Of ¥25.00The board of Avex Inc. ( TSE:7860 ) has announced that it will pay a dividend of ¥25.00 per share on the 10th of June...
お知らせ • Mar 20Avex Inc. to Report Fiscal Year 2024 Results on May 09, 2024Avex Inc. announced that they will report fiscal year 2024 results on May 09, 2024
Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥22.56 loss per share (vs JP¥8.44 loss in 3Q 2023)Third quarter 2024 results: JP¥22.56 loss per share (further deteriorated from JP¥8.44 loss in 3Q 2023). Revenue: JP¥30.0b (down 4.6% from 3Q 2023). Net loss: JP¥1.02b (loss widened 168% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 10Avex Inc. to Report Q3, 2024 Results on Feb 08, 2024Avex Inc. announced that they will report Q3, 2024 results on Feb 08, 2024
New Risk • Nov 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin).
Reported Earnings • Nov 10Second quarter 2024 earnings released: JP¥5.44 loss per share (vs JP¥33.96 profit in 2Q 2023)Second quarter 2024 results: JP¥5.44 loss per share (down from JP¥33.96 profit in 2Q 2023). Revenue: JP¥32.4b (up 27% from 2Q 2023). Net loss: JP¥246.0m (down 116% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Board Change • Oct 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Oct 05Avex Inc. to Report Q2, 2024 Results on Nov 09, 2023Avex Inc. announced that they will report Q2, 2024 results on Nov 09, 2023
お知らせ • Jul 14Avex Inc. Decides to Reorganize the Avex Group and Change the System for Execution of Business OperationAvex Inc. decided to reorganize the Avex Group and change the system for execution of business operation. After the Reorganization, Avex Entertainment Inc. and Avex Pictures Inc. will become intermediate holding companies. Details are as follows. Purpose of the Reorganization; Under "avex vision 2027" a medium-term management plan announced in May 2022, the Company focuses on "meeting and developing talent," which is the basis of the Company's value creation. It also actively invests in intellectual property development, and pursues a range of measures to build a system that enables it to achieve medium to long-term growth. To accelerate the implementation of measures in line with the management policy, the Company will establish an intermediate holding company responsible for the Music and Management business and one responsible for the Anime & Visual Content business and delegate authority to these companies, clarifying business responsibilities. In this way, the Company aims to enhance competitiveness and implement growth strategies. Overview of the Reorganization; AEI, API and Avex Management Inc. ("AMG") will split their business divisions into separate companies. AEI will become an intermediate holding company responsible for the Music business and management, and API will become one responsible for the Anime & Visual Content business. The Group companies will be positioned in the new organizational structure.
お知らせ • Jun 29Avex Inc. to Report Q1, 2024 Results on Aug 10, 2023Avex Inc. announced that they will report Q1, 2024 results on Aug 10, 2023
お知らせ • May 26+ 1 more updateAvex Inc. Announces Dividend for the Year Ended March 31, 2023, Payable on June 8, 2023; Provides Dividend Guidance for the Second Quarter and Year End of the Fiscal Year Ending March 31, 2024Avex Inc. announced dividend for the year ended March 31, 2023. For the year, the company announced dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago. Scheduled date for commencement of dividend payments: June 8, 2023.For the second quarter end, the company expects to pay a dividend of JPY 25.00 per share. For the year end 2024, the company expects to pay a dividend of JPY 25.00 per share.
Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥60.78 (vs JP¥20.75 in FY 2022)Full year 2023 results: EPS: JP¥60.78 (up from JP¥20.75 in FY 2022). Revenue: JP¥121.6b (up 24% from FY 2022). Net income: JP¥2.74b (up 198% from FY 2022). Profit margin: 2.3% (up from 0.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.
お知らせ • May 13Avex Inc., Annual General Meeting, Jun 23, 2023Avex Inc., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥8.44 loss per share (vs JP¥17.65 profit in 3Q 2022)Third quarter 2023 results: JP¥8.44 loss per share (down from JP¥17.65 profit in 3Q 2022). Revenue: JP¥31.5b (up 5.8% from 3Q 2022). Net loss: JP¥381.0m (down 148% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 12Now 25% undervaluedOver the last 90 days, the stock is up 7.9%. The fair value is estimated to be JP¥2,165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • Dec 28Avex Inc. to Report Q3, 2023 Results on Feb 09, 2023Avex Inc. announced that they will report Q3, 2023 results on Feb 09, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥33.96 (vs JP¥35.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥33.96 (down from JP¥35.57 in 2Q 2022). Revenue: JP¥25.6b (down 4.8% from 2Q 2022). Net income: JP¥1.53b (down 4.3% from 2Q 2022). Profit margin: 6.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥33.96 (vs JP¥35.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥33.96 (down from JP¥35.57 in 2Q 2022). Revenue: JP¥25.6b (down 4.8% from 2Q 2022). Net income: JP¥1.53b (down 4.3% from 2Q 2022). Profit margin: 6.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.2%).
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥37.20 (vs JP¥0.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥37.20 (up from JP¥0.26 in 1Q 2022). Revenue: JP¥28.5b (up 47% from 1Q 2022). Net income: JP¥1.68b (up JP¥1.66b from 1Q 2022). Profit margin: 5.9% (up from 0.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 15Consensus EPS estimates fall by 56%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥137.9b to JP¥128.8b. EPS estimate also fell from JP¥115 per share to JP¥50.40 per share. Net income forecast to grow 147% next year vs 5.5% growth forecast for Entertainment industry in Japan. Consensus price target down from JP¥2,530 to JP¥1,700. Share price was steady at JP¥1,251 over the past week.
Reported Earnings • May 17Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥20.75 (down from JP¥298 in FY 2021). Revenue: JP¥98.4b (up 21% from FY 2021). Net income: JP¥919.0m (down 93% from FY 2021). Profit margin: 0.9% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 62%. Over the next year, revenue is forecast to grow 40%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target increased to JP¥2,530Up from JP¥1,920, the current price target is provided by 1 analyst. New target price is 78% above last closing price of JP¥1,421. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of JP¥55.30 for next year compared to JP¥298 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Akihiro Tamaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: JP¥17.65 (up from JP¥22.80 loss in 3Q 2021). Revenue: JP¥29.7b (up 46% from 3Q 2021). Net income: JP¥795.0m (up JP¥1.79b from 3Q 2021). Profit margin: 2.7% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 5.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥35.57 (vs JP¥36.35 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥26.9b (up 33% from 2Q 2021). Net income: JP¥1.60b (up JP¥3.19b from 2Q 2021). Profit margin: 6.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.7%).
Reported Earnings • Aug 11First quarter 2022 earnings released: EPS JP¥0.26 (vs JP¥39.18 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.4b (up 38% from 1Q 2021). Net income: JP¥11.0m (up JP¥1.72b from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥298 (vs JP¥25.37 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥81.5b (down 40% from FY 2020). Net income: JP¥12.8b (up JP¥13.9b from FY 2020). Profit margin: 16% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥96.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.7%).
Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,561The company is up 52% from its price of JP¥1,025 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 5.0% over the same period.