Board Change • May 20
Less than half of directors are independent Following 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 Yurina Takiguchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 16
Avex Inc. Provides Earnings Guidance for the Fiscal Year 2026 Avex 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. 공시 • May 14
Avex Inc., Annual General Meeting, Jun 26, 2026 Avex Inc., Annual General Meeting, Jun 26, 2026. 공시 • Apr 09
Avex Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Avex Inc. announced that they will report fiscal year 2026 results on May 14, 2026 공시 • Dec 16
Avex Inc. to Report Q3, 2026 Results on Feb 12, 2026 Avex Inc. announced that they will report Q3, 2026 results on Feb 12, 2026 공시 • Sep 01
Avex Inc. to Report Q2, 2026 Results on Nov 13, 2025 Avex Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 공시 • Jul 24
Avex Inc. to Report Q1, 2026 Results on Aug 07, 2025 Avex Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 공시 • May 08
Avex Inc., Annual General Meeting, Jun 27, 2025 Avex Inc., Annual General Meeting, Jun 27, 2025. 공시 • Mar 27
Avex 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. 공시 • Mar 25
Avex Inc. Appoints Brandon Silverstein as Chief Executive Officer of Avex Music Group Avex Inc. named music industry veteran and S10 founder Brandon Silverstein as Chief Executive Officer of the newly formed Avex Music Group (AMG). In this role, Silverstein will oversee all company operations for Avex Music Group, including the S10 Music Publishing and S10 Management roster, as well as the full roster and activities across AMG. Silverstein will be a partner in AMG with an equity stake in the company and will join its board of directors. 공시 • Mar 12
Avex Inc. to Report Fiscal Year 2025 Results on May 08, 2025 Avex Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Nov 10
Second 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 91 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible 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 German dividend payers (4.7%). Higher than average of industry peers (1.9%). Declared Dividend • Jul 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 305%, which is higher than the industry average of 1.4%. 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 28
Full 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 73 percentage points per year, which is a significant difference in performance. 공시 • Jun 28
Avex Inc. to Report Q1, 2025 Results on Aug 08, 2024 Avex Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 공시 • May 30
Avex Inc. Provides Consolidated Earnings Forecasts for the Fiscal Year Ended March 31, 2024 Avex 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. 공시 • May 11
Avex Inc., Annual General Meeting, Jun 21, 2024 Avex Inc., Annual General Meeting, Jun 21, 2024. Reported Earnings • May 10
Full 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 74 percentage points per year, which is a significant difference in performance. 공시 • May 10
Avex 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 21
Upcoming dividend of JP¥25.00 per share Eligible 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%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). 공시 • Mar 20
Avex Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Avex Inc. announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 11
Third 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 10% per year, which means it has not declined as severely as earnings. 공시 • Dec 10
Avex Inc. to Report Q3, 2024 Results on Feb 08, 2024 Avex Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 New Risk • Nov 10
New minor risk - Profit margin trend The 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 10
Second 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 2% per year, which means it is well ahead of earnings. Board Change • Oct 13
Less than half of directors are independent No 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. 공시 • Oct 05
Avex Inc. to Report Q2, 2024 Results on Nov 09, 2023 Avex Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 공시 • Jul 14
Avex Inc. Decides to Reorganize the Avex Group and Change the System for Execution of Business Operation Avex 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. 공시 • Jun 29
Avex Inc. to Report Q1, 2024 Results on Aug 10, 2023 Avex Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full 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 but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공시 • May 13
Avex Inc., Annual General Meeting, Jun 23, 2023 Avex Inc., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 3.3% yield Eligible 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 German dividend payers (4.7%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 13
Third 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 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 13
Now 24% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €14.83, 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. 공시 • Dec 28
Avex Inc. to Report Q3, 2023 Results on Feb 09, 2023 Avex Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent Following 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 12
Second 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 fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible 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 German dividend payers (5.1%). Higher than average of industry peers (2.2%). 공시 • Sep 22
Avex Inc. to Report Q2, 2023 Results on Nov 10, 2022 Avex Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First 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 131% growth forecast for the industry in Germany. 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 4% per year, which means it is significantly lagging earnings growth. 공시 • Jun 29
Avex Inc. to Report Q1, 2023 Results on Aug 04, 2022 Avex Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥20.75 (vs JP¥298 in FY 2021) Full 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. Over the next year, revenue is forecast to grow 40%, compared to a 181% growth forecast for the industry in Germany. 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 9% per year, which means it is significantly lagging earnings. 공시 • May 14
Avex Inc., Annual General Meeting, Jun 24, 2022 Avex Inc., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following 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. 공시 • Apr 02
Avex Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Avex Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible 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: 3.4%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third 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%. Over the next year, revenue is forecast to grow 26%, compared to a 343% growth forecast for the industry in Germany. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Second 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 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 11
First 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 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full 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 24
Upcoming dividend of JP¥96.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.9%). Is New 90 Day High Low • Feb 23
New 90-day high: €12.00 The company is up 53% from its price of €7.85 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 15% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: JP¥22.80 loss per share (vs JP¥41.90 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥20.4b (down 48% from 3Q 2020). Net loss: JP¥995.0m (down 155% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day high: €10.70 The company is up 36% from its price of €7.85 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €9.30 The company is up 3.0% from its price of €9.05 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 25% over the same period. 공시 • Jan 12
GreenOak Asia III, LP managed by BentallGreenOak agreed to acquire Avex building in Tokyo from Avex Inc. (TSE:7860) for ¥72.8 billion. GreenOak Asia III, LP managed by BentallGreenOak agreed to acquire Avex building in Tokyo from Avex Inc. (TSE:7860) for ¥72.8 billion on December 24, 2020. BentallGreenOak is paying the equivalent of JPY 2.6 million per square metre for the 28000 square metre tower at 3 Chome-1-30 Minamiaoyama in Tokyo’s Minato Ward. Completion is expected during the first quarter of 2021. 공시 • Jan 06
Avex Inc. to Report Q3, 2021 Results on Feb 04, 2021 Avex Inc. announced that they will report Q3, 2021 results on Feb 04, 2021 Reported Earnings • Nov 07
Second quarter 2021 earnings released: JP¥36.35 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥20.2b (down 37% from 2Q 2020). Net loss: JP¥1.59b (loss widened 12% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 공시 • Oct 10
Avex Inc. to Report Q2, 2021 Results on Nov 05, 2020 Avex Inc. announced that they will report Q2, 2021 results on Nov 05, 2020 공시 • Aug 10
Avex Inc. Is Unable to Provide Earnings Guidance for the Year 2020 Avex Inc. announced that as announced on May 14th, 2020, the Company is unable to perform reasonable and proper calculation of the effect from the Novel Coronavirus (COVID-19) at this point, the Earnings Guidance for Fiscal Year 2020 have yet to be determined. 공시 • Jun 28
Avex Inc. to Report Q1, 2021 Results on Aug 06, 2020 Avex Inc. announced that they will report Q1, 2021 results on Aug 06, 2020