AVEX International Ar tists

Dear Our Shareholders
Medium-Term Business Vision of the AVEX GROUP
To evolve into the “Entertainment Brand Company”
with the strongest creative and communication capabilities in Asia.
To Our Shareholders
The AVEX GROUP is pleased to inform shareholders of
are developing a unique business model of the AVEX
its results for the 20th term (April 1, 2006 to March 31,
GROUP that cannot be emulated. The progress of our
2007) in this Annual Business Report.
visual contents business will be worth watching.
To achieve further growth as a “creativity-based
In order to expand into the rapidly growing
company,” in the music business the GROUP carried
entertainment markets in East Asia, the GROUP
out strategies to improve our artists’ brand value in
established a joint venture with a strong local company
various ways, including the sales of packaged products,
in mainland China, which will be an important launching
online distribution of music and visual content, the
pad for expanding our operations across Asia. We will
membership
continue to work hard to achieve the Medium-Term
service
business,
live
events,
merchandizing, fan clubs, TV and CM appearances.
We are also endeavoring to discover and develop new
talent and to nurture the top artists of the future.
Business Vision of the AVEX GROUP for the future.
The GROUP firmly believes, as one of its key
management policies, in returning profits to
In the visual content business, we procured quality
shareholders over the long term. The profit dividend for
visual contents, worked on full-scale film production,
the 20th term has therefore been set at an ordinary
started releasing films, and then sold DVD packages
dividend of 20 yen per share (40 yen for the year,
after the films were released. In the future, using our
including the interim dividend).
accumulated expertise in the music business, we will
grow our visual contents business into an important
In closing, I ask for your continued understanding and
support of our operations.
pillar of the GROUP’s operations. To achieve this, we
June 2007
Masato Matsuura
CEO
AVEX GROUP HOLDINGS INC.
02
20th Annual Business Report
Results of Operations
In the music industry, the production value of
CDs during the period from April 2006 to
March 2007 decreased by 7.5% from the
same period last year (surveyed by the
Recording Industry Association of Japan),
reflecting the difficult situation faced by the
CD package market and showing that
special attention is required. On the other
hand, in the online distribution market, sales
of fee-based online distribution during the
period from January to December 2006 rose
by 55.9% from the same period last year
(surveyed by the Recording Industry
Association of Japan). This market continued
to show steady growth centering on music
download services for cell phones.
In the video software industry, sales of
video software as a whole during the period
from April 2006 to March 2007 decreased by
7.6% from the same period last year
(according to a survey by the Japan Video
Software Association) due to the small
percentage of major titles among those
released in the first half of the year and the
decline in average spending per customer.
With this background, the GROUP’s
consolidated sales and operating profit
during the annual period recorded 101.626
billion yen (up 13.2% year-on-year) and
8.691 billion yen (up 0.5% year-on-year),
respectively.
Results by business segment (before
elimination of intersegment revenues) were
as shown below.
Before elimination of intersegment revenues
Package Communication (PC) Business
PC Business
20th term
Changes
58,179
59,983
1,804
48,781
50,470
1,689
9,398
9,512
114
Gross profit margin
16.2%
15.9%
(0.3%)
Total SG&A expenses
8,227
8,141
(86)
1,171
1,371
200
2.0%
2.3%
0.3%
57,935
59,538
Sales
Although there were hit titles, the number of highprofit titles produced in-house decreased over the
corresponding period of the previous year, and we
also made an allowance for overseas loss. As a
result, the gross profit margin decreased by 0.3%.
19th term
Cost of sales
Gross profit
Operating profit
Ratio of operating profit against sales
Sales to unaffiliated customers
1,603
(Unit: million yen)
Before elimination of intersegment revenues
NC Business
Network Communication (NC) Business
20th term
Changes
16,342
22,879
6,537
11,273
15,645
4,372
5,069
7,234
2,165
Gross profit margin
31.0%
31.6%
0.6%
Total SG&A expenses
4,039
6,021
1,982
1,029
1,212
183
6.3%
5.3%
(1.0%)
15,619
21,531
Sales
Sales in fee-based online music distribution via cell
phones have been favorable, and sales in the
GROUP’s online content distribution segment
increased significantly. Sharing of digital content
production costs with our business partners has
reduced cost percentages and increased the gross
profit margin. SG & A expenses increased mainly in
the sales promotion and advertising expenses for
reinforcing our membership service business.
19th term
Cost of sales
Gross profit
Operating profit
Ratio of operating profit against sales
Sales to unaffiliated customers
5,912
(Unit: million yen)
Before elimination of intersegment revenues
Live Communication (LC) Business
LC Business
Sales
Attendance at live concerts by the GROUP’s artists
and at “a-nation,” a summer outdoor live concert,
rose. As a result, both sales and operating profit
registered year-on-year rises.
Cost of sales
19th term
2,532
5,897
8,083
2,186
750
1,096
346
11.3%
11.9%
0.6%
554
768
214
196
328
132
2.9%
3.6%
0.7%
5,802
8,158
Total SG&A expenses
Operating profit
Ratio of operating profit against sales
Sales to unaffiliated customers
Changes
9,179
Gross profit
Gross profit margin
20th term
6,647
2,356
(Unit: million yen)
Before elimination of intersegment revenues
Content Creation (CC) Business
CC Business
Artist related income increased through an increase
in royalty fees from the growth in online music
distribution sales by our NC business, and increased
endorsement of AVEX artists. However, SG & A
expenses, including personnel expenses, increased,
causing profit to decline.
19th term
20th term
Changes
47,459
49,861
2,402
22,256
23,774
1,518
25,203
26,086
883
Gross profit margin
53.1%
52.3%
(0.8%)
Total SG&A expenses
19,105
20,745
1,640
6,097
5,340
(757)
12.8%
10.7%
(2.1%)
8,980
10,670
Sales
Cost of sales
Gross profit
Operating profit
Ratio of operating profit against sales
Sales to unaffiliated customers
1,690
(Unit: million yen)
03
Consolidated Financial Highlights
Consolidated Balance Sheets
Account
Assets
Current assets
Cash and deposits
Notes and accounts receivable–trade
Inventories
Deferred income tax assets
Advance payment
Prepaid expense
Advance royalty payments
Others
Allowance for doubtful accounts
Fixed assets
Property and equipment
Buildings and structures
Land
Others
Intangible fixed assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Deferred tax assets
Lease deposits
Reserves for insurance
Others
Allowance for doubtful accounts
(Unit: Millions of yen)
19th term
20th term
19th term
20th term
As of March 31, 2006
As of March 31, 2007
As of March 31, 2006
As of March 31, 2007
Amount
Amount
Amount
Amount
37,521
5,486
16,849
3,516
5,223
2,768
1,118
842
1,972
(255)
46,305
24,175
4,120
18,725
1,329
1,065
21,064
17,742
238
1,000
1,287
63
1,033
(301)
83,826
Total assets
45,069
6,371
22,272
4,485
5,585
2,630
1,525
525
2,212
(540)
60,824
35,116
6,174
27,885
1,056
1,348
24,359
20,247
413
1,445
1,444
80
1,009
(281)
105,894
Account
Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term borrowings
Current portion of long-term debt
Accounts payable–others
Accrued royalties
Income taxes payable
Accrued consumption taxes
Deposits payable
Allowance for bonus payment
Allowance for bonus payment to directors and corporate auditors
Allowance for sales returns
Allowance for closing of business
Others
Long-term liabilities
Bonds payable
Long-term debt
Provision for retirement benefits
Retirement allowance for directors and corporate auditors
Others
Total liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Valuation or foreign exchange differences
Valuation difference on other securities
Foreign currency translation adjustments
Share warrants
Minority interest
Total amount of net assets
Total amount of liabilities and net assets
42,232
1,652
10,000
3,000
6,969
7,117
4,514
483
437
1,700
3,598
925
1,833
8,091
6,500
399
344
847
50,323
32,022
4,229
5,001
28,257
(5,465)
1,424
1,412
11
56
33,503
83,826
57,543
1,924
24,500
1,500
8,630
8,413
3,583
317
145
1,531
328
3,540
520
2,606
14,651
8,000
5,000
372
434
844
72,194
32,931
4,229
5,001
29,169
(5,467)
234
277
(42)
130
402
33,699
105,894
Note: From the current period, the entries previously recorded under “Shareholders’ equity” are
represented as entries under “Net assets,” in accordance with revised rules on consolidated
financial statements. To enable figures from the current and previous periods to be compared, the
figures in the previous term are represented as entries under “Net assets.”
*01: Inventories
Inventories consist of such accounts as
merchandise, finished goods, work in process,
and video rights. The work-in-process account
records expenses incurred before products
are packaged into CDs, etc. The video-rights
account records the videogram rights of
movies acquired for producing and selling
DVD packages, etc.
*02: Prepaid expenses and long-term prepaid
expenses
The signing bonuses for artists and others are
charged to expenses according to the term of
the contract. If the term of the contract is not
due, prepaid expenses include the prepayment of expenses that may be charged to
expenses within one year and long-term prepaid expenses include those repayable over
one year.
*03: Advance royalty payments
This account records the advance payment of
royalties for original music, royalties to artists, etc.
*04: Accrued royalties
This account records accrued royalties for
original music, royalties to artists, etc., arising
from the sales of finished goods and
merchandise.
*05: Allowance for sales returns
This account records the amount of expected
future returns estimated based on actual sales
returns in the past in preparation for possible
losses incurred from future returns.
*06: Bonds payable and debt
The GROUP issued privately-placed bonds
and borrowed short-term in order to acquire
trust beneficiary rights, real estate, and
investment securities and finance their
operating funds. In addition, of the long-term
debt that the GROUP borrowed to purchase
its Headquarters building in March 2002, it
repaid 3 billion yen.
Consolidated Statements of Income
Account
Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Dividend income
Investment profit on equity method
Profit from investment partnership
Profit from disposition of accrued royalties
Damages received
Others
Non-operating expenses
Interest expense
Commission fee
Bond issuance costs
Investment loss on equity method
Loss on investment partnership
Exchange-rate loss
Others
Ordinary income
04
(Unit: Millions of yen)
19th Interim
20th Interim
19th Interim
20th Interim
From April 1, 2005
through March 31, 2006
From April 1, 2006
through March 31, 2007
From April 1, 2005
through March 31, 2006
From April 1, 2006
through March 31, 2007
Amount
89,783
52,361
37,422
28,771
8,650
644
12
10
525
Amount
101,626
61,894
39,732
31,041
8,691
639
15
13
Amount
177
1
79
91
0
Amount
30
2
19
7
413
14
80
236
157
25
92
105
1,516
311
30
239
841
24
28
9,058
7
86
7,814
Account
Special profit
Gain on sales of fixed assets
Gain on sales and redemption of investment securities
Gain on cash surrender value of insurance [policies]
Gain from changes in equity
Gain on transfer from retirement allowance
for directors and corporate auditors
Others
Special loss
Loss on sales and disposition of fixed assets
Loss on permanent impairment write-down
on investment securities
Impairment losses
Provision for allowance for business closings
Loss from changes in equity
Others
Income before income taxes and minority interests
Income taxes–current
Income taxes–deferred
Minority shareholders’ income (loss)
Net income
0
5
1,002
30
148
34
777
12
8,232
5,190
(1,439)
2
4,478
404
19
300
51
33
7,439
4,383
33
(40)
3,063
20th Annual Business Report
Consolidated Statements of Cash Flows
(Unit: Millions of yen)
19th term
20th term
19th Interim
20th Interim
From April 1, 2005
through March 31, 2006
From April 1, 2006
through March 31, 2007
From April 1, 2005
through March 31, 2006
From April 1, 2006
through March 31, 2007
Amount
Amount
Amount
Amount
Account
Cash flow from operating activities
Income before income taxes and minority interests
Depreciation
Increase (decrease) in accrued bonuses
Increase (decrease) in accrued bonuses
for directors and corporate auditors
Increase (decrease) in allowance for sales returns
Increase (decrease) in allowance for business closings
Interest and dividend income
Interest expenses
Loss (profit) from investment partnership
Investment loss (profit) on equity method
Loss on permanent impairment writedown on investment securities
Decrease (increase) in notes and
accounts receivable–trade
Decrease (increase) in inventories
Decrease (increase) in advance payment
Decrease (increase) in prepaid expenses
Decrease (increase) in advance royalty payments
Decrease (increase) in long-term prepaid expenses
Increase (decrease) in notes and
accounts payable–trade
Increase (decrease) in accounts payable
Increase (decrease) in accrued royalties
Payment of bonuses to directors and corporate auditors
Other–net
Subtotal
Interest and dividends received
Payment of interest
Damages received
Income tax returned
Income taxes paid
Net cash provided by (used in) operating activities
Account
8,232
1,403
1,697
7,439
1,382
(168)
1,311
162
(23)
157
24
(525)
328
(57)
(404)
(29)
311
(413)
841
148
300
(6,794)
Cash flow from investing activities
Purchases of property and equipment
Purchases of intangible fixed assets
Purchases of investment securities
Proceeds from sale of investment securities
Other—net
Net cash provided by (used in) investing activities
Cash flow from financing activities
Increase (decrease) in short-term borrowings-net
Proceeds from long-term loans
Repayment of long-term debt
Proceeds from issuance of bonds
Proceeds from payments from minority
shareholders
Net increase (decrease) in acquisition
and sales of treasury stock
Dividends paid
Net cash provided by (used in) financing
activities
Foreign currency translation adjustments
on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
Increase (decrease) in cash and cash equivalents
due to changes in the scope of consolidation
Cash and cash equivalent, end of period
(5,420)
(928)
1,934
(1,671)
171
85
129
136
(406)
316
(175)
268
1,403
1,307
(450)
1,229
6,809
359
(281)
92
86
(5,855)
1,210
443
(44)
1,629
(258)
(1,300)
6,915
161
(150)
983
(4,460)
3,450
(1,672)
(755)
(10,955)
(11,516)
(937)
(6,107)
1,388
349
(11,644)
27
378
(18,156)
7,999
5,000
(3,001)
14,500
7,760
387
(4)
(1,717)
Current period (April 1, 2006 to March 31, 2007)
Amount outstanding as of March 31, 2006
4,229
Change during the current period
*1
Surplus dividend
Surplus dividend (interim dividend) *2
Bonus to directors and corporate auditors *1
Net income
Acquisition of treasury stock
Increase in retained earnings due to the
decreased number of consolidated subsidiaries
Net change in items except shareholders’ equity
Total change during the current period
Amount outstanding as of March 31, 2007
4,229
5,001
28,257
(5,465)
(858)
(858)
(450)
3,063
(2)
17,929
46
128
5,357
18
1,001
5,486
5,486
(116)
6,371
911
29,169
(Unit: Millions of yen)
Valuation or foreign exchange differences
Share Minority
Foreign currency
Total amount of valuation or
Total amount of Valuation difference
warrants interest
shareholders’ equity on other securities translation adjustments foreign exchange differences
Total
amount of
net assets
32,022
33,503
1,412
11
1,424
56
(858)
(858)
(450)
(858)
(858)
(450)
3,063
(2)
3,063
(2)
17
5,001
(2)
(1,716)
8,275
Consolidated statements of change in stockholders’ equity
Shareholders’ equity
Common Capital Retained Treasury
surplus earnings
stock
stock
(3,000)
17
(2)
(5,467)
909
32,931
17
(1,135)
(1,135)
277
(54)
(54)
(42)
(1,189)
(1,189)
234
130
130
130
346
346
402
(712)
196
33,699
*1 Items for appropriation of profit at the Regular General Shareholders Meeting in June 2006.
*2 Dividend on surplus that was decided by the Meeting of Board Directors in November 2006.
Consolidated Performance
Sales (Millions of yen)
Operating Income/Ordinary Income
Net Income/Net Income per Share
(Millions of yen)
110,000
10,000
100,000
89,783
90,000
80,000
8,650
9,000
9,058
8,000
75,418
Net Income
Ordinary Income
Operating Income
101,626
8,691
7,814
(Millions of yen)
5,000
Net Income per share
(Yen)
93.79
4,500
4,478
4,000
70,000
7,000
60,000
6,000
50,000
5,000
40,000
4,000
30,000
3,000
1,500
20,000
2,000
1,000
10,000
1,000
500
0
0
71.33
3,500
18th term
19th term
20th term
3,000
4,269 4,431
3,063
2,500
2,000
18th term
19th term
20th term
0
836
10.22
18th term
19th term
20th term
05
AVEX Domestic Artists
AV E X J a p a n e s e A r t i s t s
T h e
F a c e s
Main Domestic Artists/A to Z (As of June 1, 2007)
ACOUSTIC ASTURIAS
Namie Amuro
asphalt frustration
BRIGHT
COLOR
Demon Kogure
06
Nanase Aikawa
Yuko Ando
BACK-ON
C-999
CLARABELL
D'ERLANGER
AIR
Kumiko Aizawa
Beni Arashiro
ARIA
BAZRA
Caravan
AKINA
ASIA ENGINEER
BeForU
CEYREN
DAKOTA STAR
DJ EMMA
alan
Chen Hao
DA PUMP
DRM
Hironari Amano
ASIAN2
BoA
BOREDOMS V REDOMS
Chokesleeper
Clair
DELI
DELICATESSEN
Dt.
8-BALL
20th Annual Business Report
Every Little Thing
Iwao Furusawa
GANGA ZUMBA
Miyuki Hatakeyama
HINOI Team
100s
Janne Da Arc
EXILE
GIANT SWING
hiro/Coco d'Or
Mariko Ide
J-Min
Hiroki Kashiwagi
Kat McDowell
KIRITO
Shunsuke Kiyokiba
Ryuichi Sakamoto
globe
Tadashi Hirosawa
Eriko Imai (elly)
JONTE
kaede
Tsuyoshi Kawakami and His Moodmakers
Kumi Koda
Seara Kojo
5050
Taro Hakase
HITOE
Hisayo Inamori
Takuya Kanatsuki
Aiko Kayo
Riyu Kosaka
hitomi
J
FONK
Ayumi Hamasaki
Nanase Hoshii
Jackson vibe
Mari Kaneko
KEMURI
kotringo
kannivalism
Seikyo Kim
Erina Koyama
07
AVEX Domestic Artists
Kumiko
Takehiro Kunugi & Abyss of Time
Tetsuya Kuwayama
lecca
Lambsey
c
LISA
LOVE
Akihiko Matsumoto
LOW IQ 01
MAX
MICRON'STUFF
Shion Miyawaki
My Little Lover
NEVER LAND
08
Hiroki Maekawa
mink
Alisa Mizuki
Nao Nagasawa
Noria
MAY
m.c.A T
misono
Missile Innovation
Haruko Momoi
Ataru Nakamura
Daichi Miura
moumoon
Mari Natsuki (GIBIER du MARI)
Ai Okumura
MASH
MEGARYU
MONKEY MAJIK
Masae Nakada
Mayo Okamoto
Mai
Ari Onishi
Natural Radio Station
OLIVIA
Ken Matsudaira
m-flo
Dan Miyakawa
m.o.v.e
Nesmith
Risa Ono
20th Annual Business Report
O's
PENICILLIN
road of major
Sembello
SHORT LEG SUMMER
Katsunori Takahashi
Terry&Francisco
Shinichi Osawa (MONDO GROSSO)
RAM RIDER
Ossan
Rei Mastrogiovanni
Rockamenco
Serina
sifow
Satomi Takasugi
the do-nuts
Ai Otsuka
Remark Spirits
Rock-senti
Shin Seung Hun
Kunio Tago
Hiroshi Tamaki
RYO the SKYWALKER
Song for Memories
Nana Tanimura
THE LOOSE DOGS
PANG
Rin'
Shibusa Shirazu
SOFFet
The Little Bits
Rickie-G
Ryohei
Seventh Tarz Armstrong
Romi Paku
Shinji Tanimura
Rinka
Yutaka Sado
Makoto Saito
Akiko Shikata
Hitomi Shimatani
Sutorobo
Tenjochiki
The Phanky OKstra
Ami Suzuki
Akira Terao
the pillows
09
AVEX Domestic Artists
名作
Tackey & Tsubasa
TOKYO SKA PARADISE ORCHESTRA
概念
The Strikers
Tourbillon
AAA
U-DOU & PLATY
Masaya Wada
TOHOSHINKI
Keisuke Toyama
tron
a
n
A
BOO BEE BENZ
10
Good Dog Happy Men
a
r
mihimaru GT
t
e
i
nangi
s
2BACKKA
Vanilla Mood
Minako Yoshida
g
TRIPLANE
twenty4-7
V6
Yayoi
Tokyo 60 WATTS
TRF
Nobuyuki Tsujii
UNCHAIN
Sayaka Yamamoto
M
Tokyo Purin
TRAX
Anna Tsuchiya
Takako Uehara
Wu Ru-jun
Joji Tokoro
Yokai Project
m
e
t
s
plane
n
Tomiko Van
ZAN
t
SEAMO
Sentiline
avex International Artists
20th Annual Business Report
AV E X I n t e r n a t i o n a l A r t i s t s
T h e
F a c e s
The main contract artists/players (as of June 1, 2007)
ALAINE
ALY & AJ
DA'VILLE
Didier Squiban
Genki Rockets
GTS
L.O.C
MARTY FRIEDMAN
SUGARCULT
sugiurumn
Ana Johnsson
D-SIDE
Hibiki Inamoto
Milry Cyrus as Hannnah Montana
sweetbox
BORN CRAIN
CLAZZIQUAI PROJECT
Cutie Mommy
Dave Rodgers
FILIPPA GIORDANO
Fantastic Plastic Machine
FATMAN SCOOP
FERRY CORSTEN
Hilary Duff
Jesse McCartney
JUNIOR SENIOR
Misha Williams
Tiësto
RASCAL FLATTS
US5
Lim Hyung Joo
STAIREO
Vanessa Hudgens
YOJI BIOMEHANIKA
11
Talent / Sport
AV E X Ta l e n t & S p o r t
T h e
F a c e s
The main contract artists/players (as of June 1, 2007)
Ta l e n t
Hiroki Aiba
Hironari Amano
Ara
Erika
Mitsuki Ooishi
Narumi Konno
Aki Shibuya
Miho Sugiura
Yuri Nakamura
Mai Masaki
Hiroya Matsumoto
Sawa Yamaguchi
Kazuma Yamane
Spor t
Kozo Takeda
(Kickboxing)
12
Hiroyasu Shimizu
(Speed skating)
★For details, please refer to AVEX’s entertainment portal Web site.
Daisuke Miura
(Professional baseball)
http://avexnet.jp/
Fumie Suguri
(Figure skating)
Yu Darvish
(Professional baseball)
Visual Works
20th Annual Business Report
V i su a l Wor k s L i ne U p
T h e
F a c e s
The main visual works
“Confession of Pain”
“Screaming Masterpiece”
Following the film “The
Departed” that won the
Academy Award for Best
Picture, it was decided that
this film would be remade in
Hollywood. This is the latest
work directed by Andrew
Lau and Alan Mak of
“<Initial> D THE MOVIE,”
and a touching suspense
film starring Tony Leung and
Takeshi Kaneshiro. It will be
premiering nationwide on
July 7 at Miyukiza and other theaters.
“Daft Punk’s Electroma”
This film, which
features the quest
of two robots to
become human,
consists of only
images and music
with the aim of
creating art and
sharing it with
people. This is the
first work directed
by Daft Punk.
“Aoki Okami, Chi-Hate Umi-Tsukiru-made”
This is a topical film in 2007.
The first-and probably last-brilliant ultra-large-scale entertainment film depicting the life of
Genghis Khan, who built the
largest empire in history, is
already on DVD. Spectacular
images that overwhelm the
audience, captured during four
months shooting on location in
Mongolia, include furious battle scenes by the cavalry and
the coronation ceremony with
the participation of 27,000 extras, will come back to life
again on DVD. The DVD will be released on August 8 in
two forms, an ordinary version and a deluxe version.
“Kamen Rider Den-O”
The Kamen (Masked) Rider,
who is the weakest and
youngest in the history of the
Kamen Rider series in the
Heisei Period, is born. This is
the Kamen Rider Den-O, a
rider who takes a train (aired
on the ANN Network at 8:00
a.m. on Sundays). The introduction music “Climax Jump” (sung by AAA DEN-O form)
reached fifth place on the Oricon Chart, the highest ranking in the history of the series. A flood of related musical
products will be released from avex mode in the future.
“Lovers in Prague”
Endless ice walls,
rocky mountains
capped with snow,
and the cold glittering sea. This is a
miraculous musical
documentary in
which fantastic and
beautiful scenery is
mixed with live shows around the world performed by
artists including Björk, Sigur Rós, and Múm and their
interviews. This film will be released nationwide in turn
in July at Cine Quint and other theaters.
This drama recorded a very
high viewing rate in excess of
30% in South Korea. This is
the second drama of the
“Lovers in” series following the
“Lovers in Paris” that created a
huge sensation even in Japan.
The leading actor is Jeon Doyeon who played the leading
character in “You Are My
Sunshine,” the biggest love
story ever in South Korea. The
DVD Box is selling well.
“XX (Ekusu Kurosu) – Makyo Densetsu”
“Strings”
The
puppets’
touching, excellent
performance will
bring tears to your
eyes. This marvelous “puppet
movie” produced
in Denmark, which
took four years
and cost 600 million yen, has finally arrived in Japan. In
the Japanese version of this film, the director is Hideaki
Anno, the adapter is Keishi Nagatsuka, and the cast
includes Tsuyoshi Kusanagi, Miki Nakatani, Gekidan
Hitori, Yuka, Shingo Katori, Katsuya Kobayashi, Keiko
Toda, Masato Ibu, and Masachika Ichimura, creating an
unparalleled panoply of cast and staff.
“Pacchigi! Love & Peace”
“Pacchigi!,” a milestone movie about
adolescence, has
returned as a more
powerful movie.
This is a story of the
“life” that is passed
down from the leading character’s
father over three generations. Everybody who watches
this high-entertainment movie will laugh, cry and be
encouraged. Yuri Nakamura (belonging to AVEX), who
plays the heroine, was chosen from more than 2,200
candidates in the audition. It is being released nationwide to rapturous acclaim.
“VEXILLE–2077 Nippon Sakoku”
The leading actress
is Nao Matsushita,
and her partner is
played by a singer,
Ami Suzuki, who
fully moved into film
for the first time.
The film, which is
packed with thrills
and suspense, keeps the audience on their toes and
maintains suspense till the end. Sometimes the audience laughs at the fear as seen in American horror
movies for teenagers with strong characters. This is an
“attraction thriller” which feels like a roller coaster at an
amusement park. The film will premiere nationwide at
Toei theaters on December 1.
“Wellber no Monogatari – Sisters of Wellber”
This is an original TV animation jointly produced by the
AVEX
GROUP
and
Production I.G. It is a road
movie set against the background of a different world
that bears resemblance to
Europe in the Middle Ages,
in which a powerful story
develops centering around
the friendship and bonds of
a princess and a female robber who are fools of fate.
The DVD series will be released on June 6.
“CODE-E”
Fumihiko Sori, who directed the
movie “Ping Pong,” and the staff
of “APPLESEED,” which became
a global hit, collaborated to produce this film. The full-CG film, in
which Japan that is sealed off to
the outside world in the near
future as a background, was produced using the very latest technology. The gorgeous voice
actors, including Meisa Kuroki,
Shosuke Tanihara, and Yasuko
Matsuyuki, are also astounding. It
will be premiering nationwide on August 18.
This is an original animation
jointly produced by STUDIO
DEEN Co., Ltd. and the
AVEX GROUP. It is a pure
campus love comedy whose
central character is Chinami,
a bumbling girl wearing
glasses who gives off electromagnetic waves when
she gets excited. It will commence being aired on Tokyo
MX TV and other channels
in July.
2006 Media Asia Films (BVI) Ltd. All Rights Reserved./ Ergis Filmproduction/ 2005 SBS Productions Inc./ 2006 by Daft Life Limited. All rights reserved./ 2004 Bald Film/ 2007 “XX” Production
Committee/ 2007 “Aoki Okami, Chi-Hate Umi-Tsukiru-made” Production Committee/ 2007 “Pacchigi! Love & Peace” Partners/ AVEX ENTERTAINMENT INC. and Production I.G. Inc./ 2007 Ishimori
Productions/TV Asahi Corporation/ ASATSU-DK INC./Toei Co., Ltd./ 2007 VEXILLE Production Committee/ Kaede Sasahara/AVEX ENTERTAINMENT INC., and STUDIO DEEN CO., LTD.
★For details, please refer to AVEX’s visual works portal Web site.
http://avexmovie.jp/
13
Topics
TOPICS
The Sangouzhi will be made into a film, the largest film
in Asian history! “RED CLIFF” (Tentative title) (two-part work)
With a planning period of ten years and a production cost of 75 million dollars, John
Woo, an Asian director who is highly respected in Hollywood because of his success
with M:I-2, will direct “RED CLIFF” (tentative title) with the aim of creating a
monumental landmark in movie history. This film, in which Japan, China, South
Korea and Taiwan will collaborate in both production and investment, will be
released as the largest Asian film, consisting of two parts.
Although attempts have been made to film the Sangouzhi several times in the
past, none has yet done justice to its massive scale worthy of being called a true
masterpiece. This film will depict the Battle of Red Cliff, the greatest battle in the
Sangouzhi.
The Battle of Red Cliff was a huge war on land and in a large river, taking place
on the “Red Cliff” on the south bank of the Chang Jiang in Sanguo shidai (Three
Kingdoms era) when three rulers dominated China. The film will depict the last days
when the Han dynasty ended after Cao Cao’s ambition of dominating the whole
country became deadlocked with the good work of Chuko Liang Kongminig.
“RED CLIFF” (Tentative title)
Part I (Tentative name) Scheduled to be released in Japan in 2008
Part II (Tentative name) Scheduled to be released in Japan in 2009
Director: John Woo (“Face/Off,” “M:I-2,” etc.)
Screenplay: Wang Hui Ling (“Crouching Tiger, Hidden Dragon”)
Special effects: The Orphanage (“Pirates of the Caribbean” series, etc.)
Cast: Tony Leung (“Hero,” “2046,” etc.)
Takeshi Kaneshiro (“House of Flying Daggers,” “Returner,” etc.)
Lin Chiling (supermodel from Taiwan)
Zhang Fengyi (“Farewell my Concubine,” “The Emperor and the Assassin,” etc.)
Vicki Zhao (“Shaolin Soccer,” “Warriors of Heaven and Earth,” etc.)
Chang Chen (“Crouching Tiger, Hidden Dragon,” “Happy Together,” etc.)
TOPICS
Photograph of the press conference for the production
announcement (from left, Lin Chiling, Zhang Fengyi, Tony
Leung, Director John Woo, Takeshi Kaneshiro, Chang Chen,
and Vicki Zhao)
Director John Woo
2,000 pairs/4,000 people will be invited to
“a-nation '07 powered by Weider Jelly” by lot!
TRF
Ai Otsuka
Every Little Thing
Ami Suzuki
Ayumi Hamasaki
TOHOSHINKI
Kumi Koda
AAA
Surprise artists
“a-nation” has attracted more than 1.8 million people in total over the past
five years. This year again, we will hold “a-nation,” a super-large open-air
live festival that tours the nation during midsummer. The festival will be
held at seven stages in five venues across the nation, with the first venue
being in Ehime Prefecture. A total of 2,000 pairs of our shareholders
(4,000 people) will be chosen by ballot from among those who send in a
special subscription postcard (which we will send separately).
This could be a great chance for you to experience a live concert by
AVEX artists!
For details including how to apply, please refer to the “a-nation” leaflet
that was included as a courtesy gift for our shareholders already sent
separately by us.
* The performance-slated artists may change. Please check beforehand.
* The list of performance-salted artists varies according to performance date.
Kome Kome Club
SEAMO
Anna Tsuchiya
mihimaru GT
Outline of execution
Date/Venue/Number of invited persons
July 28 (Sat)
Aug. 4 (Sat)
Aug. 12 (Sun)
Aug. 18 (Sat)
/ Miyagi Pref.: Natori Sports Park/100 pairs/200 people
/ Ehime Pref.: Ehime Prefectural Sports Complex/200 pairs/400 people
/ Shizuoka Pref.: Tsumagoi Tamokuteki Hiroba/300 pairs/600 people
/ Hyogo Pref.: Stage north of Kobe Airport, Kobe Port Island
(2nd-phase construction)/300 pairs/600 people
Aug. 19 (Sun) / Hyogo Pref.: Stage north of Kobe Airport, Kobe Port Island
(2nd-phase construction)/300 pairs/600 people
Aug. 25 (Sat) / Tokyo: AJINOMOTO STADIUM/400 pairs/800 people
Aug. 26 (Sun) / Tokyo: AJINOMOTO STADIUM/400 pairs/800 people
Opening/13:00 (scheduled)
Starting/15:00 (scheduled)
* Show times may change. Please check beforehand. * Carried out in rain, but not in heavy weather
14
“a-nation” official site
http://a-nation.net/ (Commonly used on cell phones and PCs)
(When sending a blank e-mail to an@avex.jp by cell phone,
the URL will automatically be sent back to you.)
Inquiries concerning concerts
“a-nation” Office, Tel. 0180-993-553
(Answered by tape-recorded statement 24 hours/day
Not available with some types of cell phones, PHS, and IP telephones)
Inquiries concerning invitations
AVEX GROUP HOLDING INC.
Stock Division, Planning & Promotion, Group Administration Headquarters
Tel. 0120-39-8550 (Weekdays 10:00-18:00)
20th Annual Business Report
TOPICS
AVEX MARKETING INC. is born!
AVEX MARKETING COMMUNICATIONS INC., which has
conducted marketing in two main commodity groups of
“package” and “non-package (online distribution)” thus far, and
AVEX NETWORK INC. merged on April 1, 2007 to form AVEX
MARKETING INC.
By actively implementing consistent marketing based on a
core group of artists, AVEX MARKETING INC. will respond
quickly to changes in the market, comprehensively provide
attractive products and services irrespective of form through
businesses, including packages, online distribution,
merchandising, fan clubs, and membership sites, and will
actively seek to generate major hits.
TOPICS
“ayumi hamasaki
series is created!
AVEX MARKETING INC.
Chairman
Hiroshi Inagaki
President
Takashi Araki
Vice President Shinji Hayashi
Major businesses: Package planning,
manufacturing, and sales of music and
visual content, and digital distribution.
Management of membership sites and fan
clubs, and sales and merchandising
planning centering on artist goods.
HelloKitty”
AEI 1976, 2007 SANRIO CO,.LTD. APPROVAL No.S8053007
In cooperation with Sanrio Co., Ltd., we have commenced
selling a variety of collaboration goods of Ayumi Hamasaki and
“HelloKitty.”
At the first stage, sales of the “ayupan HelloKitty” series in
which “ayupan” as Ayumi Hamasaki’s character is carrying
Kitty-chan, commenced on March 9. These products are sold at
the venues of “ayumi hamasaki ASIA TOUR 2007
– Tour of
Secret –” and at the “mu-mo shop” as the AVEX GROUP’s
official online shop, and are selling strongly.
We will continue to provide attractive commodities and
services that are not driven by stereotypes.
TOPICS
“ayupan
HelloKitty” figure,
¥600 (including tax)
“The Queen,” which won an
Oscar for Best Performance by
an Actress in a Leading Role in
2007, is being released to
widespread applause!
On August 31, 1997, the enormously popular Princess Diana suddenly
died, and the whole world paid attention to Queen Elizabeth II. What
happened in the royal family at that time? Ten years after the death of
Princess Diana, this film first depicts the feud between Diana and Queen
Elizabeth and the Queen’s anguish that have never been revealed.
This work was highly praised in countries around the world, and Helen
Mirren, who played the Queen, won an Oscar for Best Performance by an
Actress in a Leading
Role. This film has now
won awards in 71
categories of 41 film
awards, including the
Venice Film Festival
and Golden Globes. It
is being released
throughout the country
and receiving high
2006 Granada Screen 2005 Ltd Pathe Renn Productions
praise.
SAS BIM Distribuzione
mu-mo shop
Mirror
(“ayupan HelloKitty”),
¥2,200 (including tax)
“ayumi hamasaki HelloKitty”
http://shop.mu-mo.net/r/ayu_kitty/
(Commonly used on cell phones and PCs)
TOPICS
Akira Kurosawa’s “Tsubaki
Sanjuro” will be remade
after an interval
of 45 years, with Yuji Oda
playing the leading role!
Akira Kurosawa’s entertainment period film, “Tsubaki Sanjuro,” will be
remade after an interval of 45 years. This is the Japanese film industry’s
first attempt to remake a Kurosawa film, and an original screenplay will be
used. In this refreshing action period film, a masterless samurai, Sanjuro
Tsubaki, gives a helping hand to nine young samurai who rise up to
uncover their superiors’ corruption and has a showdown with a backroom
fixer of a family feud. Sanjuro Tsubaki is played by Yuji Oda, playing a
leading role in a period film for the first time, and his rival, Hanbei Muroto, is
played by Etsushi Toyokawa.
The general producer of the
film is Haruki Kadokawa, and
the director is Yoshimitsu
Morita, directing a full-scale
period film for the first time.
This topical film has an
outstanding cast and staff
representing the Japanese
film industry, and will premier
©2007 “Tsubaki Sanjuro” Production Committee
nationwide on December 1.
“Tsubaki Sanjuro”
“The Queen”
Starring: Helen Mirren, James Cromwell
Director: Stephen Frears
Distribution: AVEX ENTERTAINMENT INC.
General producer: Haruki Kadokawa
Director: Yoshimitsu Morita
Screenplay: Ryuzo Kikushima,
Hideo Oguni, Akira Kurosawa
Original story: “Nichinichiheian” by Shugoro
Yamamoto (published by Haruki Bunko)
Cast: Yuji Oda, Etsushi Toyokawa,
Kenichi Matsuyama, Morio Kazama,
Tokuma Nishioka, Nenji Kobayashi,
Tamao Nakamura, Makoto Fujita, etc.
Distribution: Toho
15
Topics
TOPICS
Preview DVD of “Tae Wang Sa Shin Gi”
Shipments of its Gold and Silver Discs
exceed 150,000!
TOPICS
Yuri Nakamura was chosen as
the heroine of the sequel of
the hit movie “Pacchigi!”
TSG Production Company LLC
“Pacchigi!” directed by Kazuyuki Izutsu was released in January 2005 and
swept that year’s film awards. The long-awaited sequel, “Pacchigi! Love &
Peace,” was released simultaneously nationwide last month.
Shifting the locale from Kyoto in 1968 to Tokyo in 1974, the sequel, which
is expected to become highly popular, depicts a “life” that is passed down for
three generations. Prior to shooting, an audition was held to choose the cast,
and Yuri Nakamura, an actress of AVEX, was chosen to play the heroine
from among 2,200 candidates. With
strict coaching on acting by Director
Izutsu, which is nicknamed the
“Izutsu School,” she participated in
the shooting for about three
months. Not only the completed film
but also her performance are highly
praised, and this actress now
attracts a major following.
“Tae Wang Sa Shin Gi, “Tae Wang Sa Shin Gi,
Preview DVD Gold Disc” Preview DVD Silver
Disc”
The whole of Asia has huge
expectations! This drama, whose
“Tae Wang Sa Shin Gi, Navigation
leading role is played by Bae Yong
DVD”
Joon after an interval of five years, is
scheduled to go on air this summer.
With an unprecedented production cost, this great history fantasy is
produced by a group of global staff, including Director Kim Jeong-Hak, and
Joe Hisaishi in charge of the music.
The Preview DVD Gold and Silver Discs, which are released before the
drama goes on air, have already sold more than 150,000 in total. In the week
when they were released, the Gold and Silver Discs were ranked first and
second on the Oricon Chart, creating a remarkable hit even before the drama
is broadcast. In addition, the “Navigation DVD,” which was recently released,
has gained a favorable reputation. On August 1, the “Original Sound Track
Vol.1” by Jo Hisaishi is scheduled to be released.
TOPICS
2007 “Pacchigi! Love & Peace” Partners
Mezase avex kids-nation!
avex KIDS Kirratto Entame Challenge Contest
We are holding the “Mezase avex kids-nation! avex KIDS
Kiratto Entame Challenge Contest” to encourage kids to
reach for their goals and to help develop their sparkling
(kiratto) characters.
The AVEX GROUP has opened a Kids course at the AVEX
ARTIST ACADEMY and established a pavilion in KidZania
Tokyo that was opened by Kids City Japan K.K. In the future,
TOPICS
Yuri Nakamura
Born in Osaka in 1982.
Made film debut in “Guuzen nimo
Saiakuna Shounen” (directed by Gu
Suyeon) in 2003. Plays the leading role in
“Tengoku kara no Rabureta (Love Letter
from Heaven)” directed by Madoka
Yamaguchi that is scheduled to be
released in January 2008.
based on the theme of “kids”, we will actively develop various
businesses, contribute to society, and develop new talent.
Portal site for AVEX auditions
http://avex-audition.jp/ (PC)
Project to commemorate the twentieth anniversary of the AVEX GROUP
“BLUE MAN GROUP” performance in Tokyo
Special pre-order for our shareholders
PHOTO BY JAMES PORTO
BLUE MAN GROUP, which is an entertainment
show which combines music and performance,
has been running off Broadway in New York for 16
years and is creating a sensation around the
world. This is a popular performance whose tickets
are still difficult to get. The secret behind its
popularity is the performance of the three “BLUE
MAN” on the stage and among the audience. They
show extraordinary worlds one after another with
high artistic quality and humor. The audience will
be amazed beyond imagination. In addition, the
three BLUE MAN wrap the whole venue with the
color of BLUE MAN’s world.
It was decided to hold this performance for a
long time as a project to commemorate the
twentieth anniversary of the AVEX GROUP. We
will inform the details at the press conference in
July to announce production. We are planning to
receive prior reservations only from our
shareholders before the tickets go on sale.
Contact us in advance and we will send
information concerning prior reservation.
Contact address concerning pre-ordering
AVEX LIVE CREATIVE INC.
BLUE MAN JAPAN Office
Tel. 03-5770-7857
(10:00 a.m.–6:00 p.m. excluding Saturdays, Sundays and Holidays)
Home page of “BLUE MAN GROUP”
http://www.blueman.jp
16
Company Outline
20th Annual Business Report
(As of June 24, 2007)
Company name AVEX GROUP HOLDINGS INC.
Head office
Board of
directors
3-1-30 Minami-Aoyama, Minato-ku, Tokyo 107-8577
Date of establishment April 11, 1988
Capital
¥4,229.6 million
Number of
employees
158 (1,189 employees within the AVEX GROUP)
Note: Temporary employees are not included in the number of employees.
Masato Matsuura
CEO
Ryuhei Chiba
Co-CEO
Takashi Araki
COO, Senior Executive Director
Toshio Kobayashi
CFO, Senior Managing Director
Shinji Hayashi
CIO, Senior Managing Director
Hiroshi Inagaki
Managing Director
(As of March 31, 2007)
Hisahiko Iida
Domestic
consolidated
subsidiaries
AVEX ENTERTAINMENT INC.
AVEX MARKETING INC.
Hajime Taniguchi
AVEX LIVE CREATIVE INC.
Katsuro Oshita
AVEX PLANNING & DEVELOPMENT INC.
Hiroyuki Kishi
AVEX MANAGEMENT SERVICE INC.
VELFARRE ENTERTAINMENT INC.
Tadasu Ohe
MiDEA INC.
Outside Director
Toru Arakawa
Para.TV Inc.
Shin Ushijima
Consolidated
foreign
subsidiaries
Minoru Onozato
AVEX ASIA LIMITED
AVEX TAIWAN INC.
Nobuo Kawakami
AVEX ASIA HOLDINGS LIMITED
Shinkichi Iwata
AVEX CHINA CO., LTD.
Full-time Auditor
Kenji Nomura
Associated
companies
Toshiaki Katsushima Outside Auditor
Label Mobile Inc.
Memory-Tech Corporation
Yoshiya Takahashi
Outside Auditor
EL CAMINO REAL Inc.
avex & EAST, Inc.
Operating
officers
DWANGO Co., Ltd.
Chengtian Entertainment Group (International)
Holding Company Limited
Kenzo Katakura
Takahiro Miura
Akihiro Terada
Tomoaki Sato
● Visit our Web site
Company Information
Entertainment Information
http://www.avex.co.
http://avexnet.jp/
For more information on AVEX GROUP HOLDINGS
INC., group companies, press releases, and
financial statements, visit the above URL.
For entertainment information, such as AVEX artists and online distribution of music
and visual content, please visit the above URL.
17
Stock Data
Distribution of Shareholding
(As of March 31, 2007)
[Number of shareholders]
Treasury stock
Total 33,810
1
0.00%
Domestic financial
institutions
57
0.17%
Domestic securities
companies
44
0.13%
Domestic
corporations
197
0.58%
Foreign investors
102
0.30%
Japanese individuals
33,409
and others
98.81%
[Number of shares]
Treasury stock
3,212,417
6.96%
Total 46,157,810
Shares
Domestic financial
13,613,708
institutions
29.49%
Domestic securities
companies
Domestic
corporations
561,313
8.14%
Foreign investors 6,981,940
15.13%
Japanese individuals
18,029,304
and others
39.06%
Authorized number of shares
Number of shares outstanding
One unit of shares
Total 33,810
46,157,810 shares
411 1.22%
119,316 shares 0.26%
90 0.27%
6,858,165 shares 14.86%
Tohoku
region
771 2.28%
231,246 shares 0.50%
1,307 3.87%
420,238 shares 0.91%
1,425 4.21%
491,233 shares 1.06%
Chugoku
region
Kanto
region
Chubu
region
Kinki
region
18,003 53.25%
34,376,724 shares
74.48%
Shikoku
region
Kyushu
region
6,232 18.43%
1,969,716 shares 4.27%
4,863 14.38%
1,452,830 shares 3.15%
708 2.09%
238,342 shares 0.52%
Number of shareholders
(As of March 31, 2007)
184,631,000 shares
March 2003
46,157,810 shares
March 2004
100 shares
March 2005
Note: The Company owns 3,212,417 treasury shares, and the number of outstanding
shares (excluding treasury shares) is 42,945,393.
18,961
21,217
25,677
26,233
March 2006
33,810
March 2007
Top Ten Shareholders
Hokkaido
region
Overseas
1.22%
3,759,128
Share Information
[Number of shareholders by region/Number of shares]
Dividends to shareholders
(As of March 31, 2007)
Japan Trustee Services Bank, Ltd. (Trust account) 4,240,200 shares
9.91%
Our Group pays dividends to our shareholders with the belief that
“Executing longterm and overall profit reduction for them” is one of
the most important management purposes of the Group.
The Master Trust Bank of Japan, Ltd. (Trust account) 3,566,800 shares
8.33%
Dividend amount Total amount of dividents Dividend payout ratio
(consolidated)
per share
Masato Matsuura
2,238,324 shares
5.23%
Toshio Kobayashi
2,238,318 shares
Shareholder’s name
Number of shares
Percentage of
total shares
5.23%
Designated independent money trust, Mitsui Asset
Trust and Banking Co., Ltd., Trust Account 1
1,502,500 shares
3.51%
Bank of New York GCM Client
Accounts EISG
1,471,743 shares
3.44%
Caceis Bank Ordinary Account
1,210,400 shares
2.82%
MAX 2000 INC.
1,150,000 shares
2.68%
T’S CAPITAL INC.
1,150,000 shares
2.68%
920,000 shares
2.15%
Daiichikosho Co., Ltd.
Notes:
1. In addition to the above table, there are 3,212,417 treasury shares (6.95%) owned by
the Company.
2. CEO Masato Matsuura and Senior Managing Director Toshio Kobayashi serve as
representative directors of MAX 2000 INC. and T’S CAPITAL INC., respectively.
18
ART DIRECTION & DESIGN Masaki Maekawa Design Office PRINTING TAKARA PRINTING CO.,LTD.
18th
40 yen
1,741,945,840 yen
391.4%
19th
40 yen
1,717,879,000 yen
42.6%
20th
40 yen
1,717,829,720 yen
56.1%
* We set as the dividend payout ratio the percentage gained by the formula = Dividend
amount per share/Current net profit per share.
For request of forms concerning shares
Please contact the managing agent of the shareholders registry via
telephone or the Internet (24 hours a day) to request a form to complete
stock-related procedures, such as notifying a change of registered address,
seal and name, instructing a dividend transfer, requesting purchase of oddlot shares, or requesting a transfer of share ownership.
0120-244- 479
(Corporate Agency Division, Mitsubishi UFJ Trust and Banking Corp.)
0120-684- 479
(Osaka Corporate Agency Division, Mitsubishi UFJ Trust and Banking Corp.)
Internet address http://www.tr.mufg.jp/daikou/
Toll-free
If you use the central securities custody and book-entry transfer system (JASDEC),
please contact the securities company with which you have an account.
 AVEX GROUP HOLDINGS INC.
Questionnaire Result & Shareholder Memo
20th Annual Business Report
Report of the results of the shareholder questionnaire
The AVEX GROUP conducted a questionnaire
survey in the 20th Semiannual Business Report
to facilitate communication with our shareholders.
Thanks to you, we received 2,459 replies
Living place
Choices
Number of
respondents
Shikoku 2.7%
Hokkaido
1.4%
Chugoku
Tohoku
4.9%
2.5%
Number of
respondents
Choices
10’s & 20’s
30’s
40’s
50’s
Kinki 20.6%
Kanto 47.0%
Occupation
Others
906
187
144
272
357
358
203
2,427
60’s
70’s and over
Total
Chubu 16.7%
Number of
respondents
We sincerely appreciate your cooperation and
seek your continued support and encouragement.
Age
Kyushu 4.3%
33
61
1,145
406
501
120
66
105
2,437
Choices
(response rate 9.6%), as summarized below.
We will use the valuable replies and opinions
we received from our shareholders to improve
our future management and IR activities.
No occupation
14.8%
37.3%
5.8%
60’s
30’s
17.9%
19.0%
142
465
585
571
438
242
2,443
23.4%
50’s
Public
employee
7.7%
Company executive
23.9%
1.6%
3 months
to <1 year
28.0%
Number of
respondents
<3 months
14.7%
<3 months
21.8%
3 months to <1 year
Housewife
40’s
5 or more years
Choices
11.2%
10’s & 20’s
9.9%
Holding period
8.4%
Company
employee
Self-employed
70’s and over
1 year to <3 years
3 years to <5 years
5 or more years
Total
40
682
725
460
533
2,440
3 years to <5 years
1 year to <3 years
18.9%
29.7%
5.9%
Reason for purchasing our stock (Multiple answers allowed)
Stock price and technical index
Growth potential
Size of enterprise
Content of business
Management strategy
Recommendation by a securities company
Corporate (brand) image
Hospitality program for shareholders
Dividend
Limited live concerts for shareholders
Others
228
1,220
668
362
1,066
Medium-term holding
(1 to 5 years)
122
233
732
657
Short-term holding
(less than a year)
62
Disposal
65
1,207
717
590
Others
88
104
200
400
600
800
● Accounting
1,000 1,200 1,400
year
for determining shareholders eligible for year-end dividend
receipt
● Date for determining shareholders eligible for interim dividend
receipt
● Regular general shareholders meeting
● Managing agent of shareholders registry
● Contact
● Date
● Media
Adding to holdings
Long-term holding
(5 years or longer)
75
0
● Stock
Future holding plan of our stock
exchange where AVEX stock is listed
where shareholder information is posted
0
200
400
600
800
1,000
1,200
April 1 to March 31 of the following year
March 31
September 30
June of each year
Mitsubishi UFJ Trust and Banking Corp.
Corporate Agency , Mitsubishi UFJ Trust and Banking Corp.
7-10-11 Higashisuna, Koto-ku, Tokyo 137-8081
TEL: 0120-232-711 (toll free)
First Section of Tokyo Stock Exchange (Security code No.7860)
URL where shareholder information is posted
http://www.avex.co.jp/
(Shareholder information is posted in the Nihon Keizai Shimbun newspaper in the event of
accidents or other unavoidable incidents that make on-line notification impossible.)
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