Higher Revenue and Profit in the Concert and Event Business Through the Acquisition of Large-Scale Corporate Event and Convention Projects

「In the concert market, the core market, a succession of large-scale projects including stadium performances and dome tours kept both audio and video operations active. The corporate events and sporting event markets also performed well, with each of the major markets showing balanced growth.」

「The Concert and Event Services business expanded its core concert market through an increase in large-scale performances following the opening of new arena venues in the Kanto region and growth in projects involving K-Pop artists. The business also secured projects related to Expo 2025 Osaka, Kansai, and continues to perform well.」

「Revenue and segment profit were below the levels of the same period of the previous year because many concert projects received were somewhat smaller and the same period of the previous year included large-scale projects, namely the G7 Hiroshima Summit and the World Aquatics Championships 2023 Fukuoka.」

「The core concert market remained vibrant, with a concentration of national tour projects at dome and arena venues, and the business performed well. Event sizes also increased in the corporate events, convention and sporting event markets, driving higher investment in stage production.」

「Investment in event staging increased as large-scale attendance became possible, and revenue exceeded pre-pandemic levels in the major markets of corporate events, conventions and sporting events.」

「The core concert market regained its vibrancy, with dome and arena tours and performances by overseas artists in Japan taking place one after another. The business also performed well, helped by the acquisition of projects from new artists. In the corporate events and convention markets, event sizes increased as large-scale attendance became possible, raising the unit price per project.」

「In the core concert market, many concerts shifted to venues operating at 100% capacity under guidelines established by the national and local governments. Overseas artists performed in Japan, and large-scale dome and stadium tours and music festivals were held, bringing activity back to pre-pandemic levels and driving a full-fledged recovery. The convention market also performed well.」

「In the core concert market, activity is returning to pre-pandemic levels, with overseas artists performing in Japan, large-scale dome and stadium tours being held, and music festivals taking place under guidelines established by the national and local governments. The recovery is gaining momentum. The corporate events and convention markets also performed well.」

「The corporate events and convention markets also performed well, resulting in revenue exceeding that of the same quarter of the previous year and a return to profitability.」

「Revenue from the Tokyo Olympics and Paralympics was almost in line with the plan. In addition, the company secured more other projects than expected during the Games, resulting in performance above plan. In the third quarter under review, after the state of emergency was lifted, the easing of event restrictions also supported an upward trend in the number of concert and event projects.」

「In addition to recording revenue from the Tokyo Olympics and Paralympics almost in line with the plan, the company secured more other projects than expected during the Games through efficient staffing at event sites, resulting in performance above plan.」

「Although conditions remained difficult, performance improved significantly from the same quarter of the previous year, when the business was forced to suspend all operations. Preparations for the Tokyo Olympics moved into full swing, and the company worked to provide services of the highest standard after taking every possible measure against infectious diseases.」

「Although the business environment for the Concert and Event Services business remains difficult, in-person concerts and events have begun to resume as restrictions on events are gradually eased.」

「The Concert and Event Services business has continued to suspend most of its operations as restrictions on and voluntary cancellations of events remain in place to prevent the spread of COVID-19.」

「With concerts, sporting events and conventions virtually nonexistent, the corporate events business continued to receive orders for annual general meetings as usual, while also seeing new demand for services such as online streaming.」

「The concert and event services business recorded revenue growth because the concert market continued to perform well, while large international events including major international conferences, the Rugby World Cup 2019 Japan and the Tokyo Motor Show were held and the business successfully secured these special-demand projects.」

「There were more large concert tours than in a typical year, increasing both the number of projects and revenue per project. The company also secured special-demand projects, including the Rugby World Cup 2019 Japan and the Tokyo Motor Show, driving Group earnings.」

「The Group won special-demand projects including major international conferences and the Rugby World Cup 2019 Japan, driving Group earnings.」

「In addition to operating video and sound systems at a major international conference, the Group's earnings were driven by steady progress in the sports, corporate event and convention markets.」

「Although the concert and event business did not grow as much in its core concert market as in the previous consolidated fiscal year, it secured stable orders. In addition, revenue exceeded that of the previous consolidated fiscal year because the corporate event and convention markets performed well and the business won contracts for events related to the PyeongChang Olympic and Paralympic Games.」

「The concert and event business secured stable orders in its core concert market, although it did not achieve the same growth as in the same quarter of the previous year. Meanwhile, demand in the corporate event and convention markets remained at record-high levels, but the Tokyo Motor Show, a major biennial event, did not generate as many orders as the previous show because of changes in the external environment and other factors. In addition, losses during the launch phase of 2 overseas subsidiaries caused revenue and profit to fall below the results for the same quarter of the previous year.」

「The concert and event business continued to secure stable orders in its core concert market, while the corporate event and convention markets also performed well. However, it fell short of its results for the same quarter of the previous year because there were no exceptionally large events such as those held in the same quarter of the previous year, including events related to the G7 Ise-Shima Summit and the Rio de Janeiro Olympic and Paralympic Games, and investments associated with launching 2 overseas subsidiaries were incurred ahead of earnings.」

「The concert and event business exceeded its results for the same quarter of the previous year because, in addition to securing stable orders in its core concert market, it won numerous large corporate event and convention projects.」