View Financial HealthAvex 배당 및 자사주 매입배당 기준 점검 4/6Avex 수익으로 충분히 충당되는 현재 수익률 4.23% 보유한 배당금 지급 회사입니다.핵심 정보4.2%배당 수익률2.0%자사주 매입 수익률총 주주 수익률6.2%미래 배당 수익률n/a배당 성장률0.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향52%최근 배당 및 자사주 매입 업데이트Upcoming 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%).분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.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%).모든 업데이트 보기Recent updates공시 • Jun 09Avex Inc. to Report Q1, 2027 Results on Aug 06, 2026Avex Inc. announced that they will report Q1, 2027 results on Aug 06, 2026분석 기사 • 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.공시 • 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.공시 • May 14Avex Inc., Annual General Meeting, Jun 26, 2026Avex Inc., Annual General Meeting, Jun 26, 2026.공시 • 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.분석 기사 • 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...분석 기사 • 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...공시 • Dec 16Avex Inc. to Report Q3, 2026 Results on Feb 12, 2026Avex Inc. announced that they will report Q3, 2026 results on Feb 12, 2026분석 기사 • 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%).분석 기사 • 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...공시 • Sep 01Avex Inc. to Report Q2, 2026 Results on Nov 13, 2025Avex Inc. announced that they will report Q2, 2026 results on Nov 13, 2025분석 기사 • 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).공시 • Jul 24Avex Inc. to Report Q1, 2026 Results on Aug 07, 2025Avex Inc. announced that they will report Q1, 2026 results on Aug 07, 2025분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.공시 • May 08Avex Inc., Annual General Meeting, Jun 27, 2025Avex Inc., Annual General Meeting, Jun 27, 2025.공시 • 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.공시 • 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%).분석 기사 • 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...공시 • 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, 2025분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...공시 • 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%).분석 기사 • 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...분석 기사 • 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.공시 • Jun 28Avex Inc. to Report Q1, 2025 Results on Aug 08, 2024Avex Inc. announced that they will report Q1, 2025 results on Aug 08, 2024분석 기사 • 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...공시 • 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.공시 • 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.분석 기사 • 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.공시 • May 11Avex Inc., Annual General Meeting, Jun 21, 2024Avex Inc., Annual General Meeting, Jun 21, 2024.공시 • 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%).분석 기사 • 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...공시 • 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.공시 • 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.공시 • Oct 05Avex Inc. to Report Q2, 2024 Results on Nov 09, 2023Avex Inc. announced that they will report Q2, 2024 results on Nov 09, 2023공시 • 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.공시 • Jun 29Avex Inc. to Report Q1, 2024 Results on Aug 10, 2023Avex Inc. announced that they will report Q1, 2024 results on Aug 10, 2023공시 • 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.공시 • 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.공시 • 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.Reported Earnings • Feb 06Third 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 103 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 03New 90-day high: JP¥1,396The company is up 31% from its price of JP¥1,069 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 11% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 7860 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: 7860 의 배당금 지급액은 지난 10 년 동안 증가하지 않았습니다.배당 수익률 vs 시장Avex 배당 수익률 vs 시장7860의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (7860)4.2%시장 하위 25% (JP)1.8%시장 상위 25% (JP)3.9%업계 평균 (Entertainment)2.2%분석가 예측 (7860) (최대 3년)n/a주목할만한 배당금: 7860 의 배당금( 4.23% )은 JP 시장에서 배당금 지급자의 하위 25%( 1.79% )보다 높습니다.고배당: 7860 의 배당금( 4.23% )은 JP 시장( 3.88% )주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 51.8% )을 통해 7860 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 7860 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YJP 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/23 02:03종가2026/06/23 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Avex Inc.는 11명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hitoshi KuriyamaBofA Global ResearchRobert KahnCitigroup IncJun HasebeDaiwa Securities Co. Ltd.8명의 분석가 더 보기
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%).
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
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%).
공시 • 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
분석 기사 • 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.
공시 • 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.
공시 • May 14Avex Inc., Annual General Meeting, Jun 26, 2026Avex Inc., Annual General Meeting, Jun 26, 2026.
공시 • 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.
분석 기사 • 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...
분석 기사 • 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...
공시 • 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
분석 기사 • 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%).
분석 기사 • 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...
공시 • 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
분석 기사 • 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).
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
공시 • May 08Avex Inc., Annual General Meeting, Jun 27, 2025Avex Inc., Annual General Meeting, Jun 27, 2025.
공시 • 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.
공시 • 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%).
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
공시 • 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%).
분석 기사 • 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...
분석 기사 • 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.
공시 • 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
분석 기사 • 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...
공시 • 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.
공시 • 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.
분석 기사 • 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.
공시 • May 11Avex Inc., Annual General Meeting, Jun 21, 2024Avex Inc., Annual General Meeting, Jun 21, 2024.
공시 • 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%).
분석 기사 • 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...
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
Reported Earnings • Feb 06Third 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 103 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 03New 90-day high: JP¥1,396The company is up 31% from its price of JP¥1,069 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 11% over the same period.