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Avex (7860) · TargetAdvancedLatest Financial Results Presentation (2026-08-06): "Worsened"

Expansion of the Live Business

First written in FY2016. 16 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-06.

36entries
11years
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ProgressHeldSoftenedWorseAdvancedFY2018-Q3 – FY2019-Q2OtherFY2020-Q1 – FY2021AdvancedFY2022-Q1 – FY2023-Q2OtherFY2023-Q3 – FY20252016: 320162017: 420172018: 320182019: 220192020: 320202021: 320212022: 320222023: 420232024: 320242025: 220252026: 62026
Same theme, other companies
Transformation into a Comprehensive Music Entertainment Company Built on Broadcasting and MusicA theme 3 companies write about · 0 as a headwind · 4 as a tailwind

0 other companies' latest entry also says "Worsened".

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Full recordFilings, disclosures and news, newest first
  1. 2026-08-06WorsenedFinancial Results Presentation

    「Merchandising revenue increased as higher merchandise sales offset the decline in live revenue」

    Live revenue declined 18.0% year on year, and the number of stadium performances fell from 10 to 6. However, the total number of performances and attendance increased.
  2. FY2026AdvancedAnnual report

    「Due to higher live-related revenue and strong music streaming, revenue was ¥122,312 million, up 6.8% year on year, and operating income was ¥3,468 million, compared with an operating loss of ¥1,180 million in the previous fiscal year.」

    The music business turned from an operating loss in the previous fiscal year to operating income on higher live-related revenue and strong music streaming performance, while revenue also rose 6.8% year on year.
  3. FY2026-H1AdvancedAnnual report

    「Driven by an increase in the number of large-scale live events held and strong music streaming performance, revenue was ¥53,472 million, up 12.7% year on year, and operating income was ¥655 million, compared with an operating loss of ¥1,898 million in the same period of the previous year.」

    The increase in large-scale live events and strong music streaming performance lifted music business revenue by 12.7% year on year, turning operating performance from an operating loss to operating income.
  4. FY2025Music business operating loss due to lower music package sales and allowance for doubtful accountsAnnual report

    「Due to lower sales of music package titles and the recognition of an allowance for doubtful accounts for certain business partners, revenue was ¥114,574 million, down 1.2% year on year, and the company posted an operating loss of ¥1,180 million, compared with operating income of ¥1,596 million in the previous fiscal year.」

    The music business, including live events, generated lower revenue in the fiscal year under review due mainly to lower sales of music package titles and turned from operating income in the previous fiscal year to an operating loss.
  5. FY2025-H1Lower revenue and an operating loss due to fewer large-scale live events and lower music package salesAnnual report

    「Due to a decline in the number of large-scale live events held and lower sales of music package titles, revenue was ¥47,441 million, down 15.8% year on year, and the company posted an operating loss of ¥1,898 million, compared with operating income of ¥2,291 million in the same period of the previous year.」

    The number of large-scale live events held and sales of music package titles declined, resulting in a 15.8% year-on-year decline in music business revenue and an operating loss of ¥1,898 million.
  6. FY2024Lower profit due to higher live, e-commerce and merchandising revenue and increased costsAnnual report

    「Although revenue from live events, e-commerce and merchandising increased, revenue was ¥113,195 million, up 20.2% year on year, while operating income was ¥1,888 million, down 19.4% year on year, due to higher cost of sales and selling, general and administrative expenses, among other factors.」

    The music business generated higher revenue on increased live-related revenue, while operating income declined due to higher cost of sales and selling, general and administrative expenses, with business expansion coinciding with lower profitability.
  7. FY2024-Q3Lower profit due to higher live, e-commerce and music package revenue and increased costsAnnual report

    「Although revenue from live events, e-commerce and music packages increased, revenue was ¥78,944 million, up 20.4% year on year, while operating income was ¥1,250 million, down 56.5% year on year, due to higher cost of sales and selling, general and administrative expenses, among other factors.」

    The music business, including live events, generated higher revenue, while operating income fell 56.5% year on year due to higher cost of sales and selling, general and administrative expenses, with business expansion coinciding with lower profitability.
  8. FY2024-Q2Lower profit due to higher live merchandising revenue and increased costsAnnual report

    「Although revenue from live events and merchandising increased, revenue was ¥54,432 million, up 32.0% year on year, while operating income was ¥1,640 million, down 46.5% year on year, due to higher cost of sales and selling, general and administrative expenses, among other factors.」

    Revenue from live events and merchandising rose 32.0% year on year, while operating income fell 46.5% due to higher cost of sales and selling, general and administrative expenses, with business expansion coinciding with lower profitability.
  9. FY2024-Q1Lower profit due to higher live merchandising revenue and increased costsAnnual report

    「Although revenue from live events and merchandising increased, revenue was ¥26,013 million, up 23.4% year on year, while operating income was ¥1,013 million, down 44.9% year on year, due to higher cost of sales and selling, general and administrative expenses, among other factors.」

    Revenue from live events and merchandising rose 23.4% year on year, while operating income fell 44.9% due to higher cost of sales and selling, general and administrative expenses, with business expansion coinciding with lower profitability.
  10. FY2023Lower profit due to higher live revenue and increased costsAnnual report

    「Although live revenue increased, revenue was ¥94,139 million, up 23.0% year on year, while operating income was ¥2,800 million, down 29.1% year on year, due to higher cost of sales and selling, general and administrative expenses, among other factors.」

    The music business generated higher revenue on increased live revenue, while operating income fell 29.1% year on year due to higher cost of sales and selling, general and administrative expenses, with business expansion coinciding with lower profitability.
  11. FY2023-Q3Lower profit despite an increase in large-scale live events, due to a decline in the profit marginAnnual report

    「Although revenue rose to ¥65,536 million, up 9.0% year on year, driven by an increase in large-scale live events held, operating income fell to ¥3,238 million, down 31.1% year on year, due to a decline in the gross profit margin and higher selling, general and administrative expenses, among other factors.」

    Revenue rose 9.0% year on year on the increase in large-scale live events, while operating income fell 31.1% due to the decline in the gross profit margin and higher selling, general and administrative expenses.
  12. FY2023-Q2AdvancedAnnual report

    「Driven by an increase in large-scale live events held, revenue was ¥41,441 million, up 17.4% year on year, and operating income was ¥3,397 million, up 4.4% year on year.」

    The increase in large-scale live events lifted music business revenue by 17.4% year on year and operating income by 4.4%, indicating concrete progress in the performance of the live business.
  13. FY2023-Q1AdvancedAnnual report

    「Driven by an increase in the number of live events held and higher sales of music package titles, revenue was ¥18,163 million, up 42.7% year on year, and operating income was ¥2,187 million, up 189.3% year on year.」

    The increase in the number of live events held lifted music business revenue by 42.7% year on year and operating income by 189.3%. Measurable progress was evident in the performance of the live business.
  14. FY2022-Q3AdvancedAnnual report

    「Driven by higher live revenue and increased sales of music package titles, revenue was ¥53,834 million, up 68.0% year on year, and operating income was ¥5,147 million, compared with an operating loss of ¥2,383 million in the same period of the previous year.」

    In the music business, live revenue and sales of music package titles increased, resulting in revenue growth of 68.0% year on year and a turnaround from the previous year's operating loss to operating income. Concrete progress was evident in the performance of the live business.
  15. FY2022-Q1AdvancedAnnual report

    「For the cumulative consolidated first quarter, operating performance was as follows: revenue was ¥19,417 million, up 37.6% year on year, driven by increased sales of music packages and the number of live events held; operating income was ¥262 million, compared with an operating loss of ¥1,054 million in the same period of the previous year; and net income attributable to owners of the parent was ¥11 million, compared with a net loss attributable to owners of the parent of ¥1,704 million.」

    Consolidated revenue rose 37.6% year on year on increased music package sales and the number of live events held, while operating performance turned from an operating loss to operating income.
  16. FY2021Sharp revenue decline and operating loss due to restrictions on live events throughout the fiscal yearAnnual report

    「Against this business backdrop, the Group also faced a situation in which it was difficult to actively hold live events, as audience-attended live performances and events were repeatedly cancelled, postponed or held at reduced scale in accordance with the government's "Basic Policies for Novel Coronavirus Disease Control."」

    The cancellation, postponement and downsizing of live events continued throughout the fiscal year, creating an explicit constraint on the previous policy of expanding the live business.
  17. FY2021-Q3Cumulative revenue decline and operating loss as event suspensions continuedAnnual report

    「Net sales fell 56.3% year on year to ¥32,051 million and the Group posted an operating loss of ¥2,438 million, compared with operating profit of ¥7 million in the previous year, due mainly to the impact of voluntarily suspending live events.」

    The music business continued to be affected by the voluntary suspension of live events, with cumulative net sales down 56.3% year on year and an operating loss of ¥2,438 million.
  18. FY2021-Q2Continued suspension of events drives lower music business revenue and a wider operating lossAnnual report

    「Net sales fell 58.0% year on year to ¥18,454 million and the operating loss widened to ¥2,218 million from ¥2,058 million in the previous year, due mainly to the impact of voluntarily suspending live events and a decline in sales volume of packaged music products.」

    The voluntary suspension of live events and lower sales volume of packaged music products caused the music business's revenue to fall 58.0% year on year, while the operating loss also widened.
  19. FY2021-Q1Sharp revenue decline and operating loss as live events were voluntarily suspended due to COVID-19Annual report

    「For the first quarter of the current consolidated fiscal year, net sales fell 51.4% year on year to ¥14,108 million and the Group posted an operating loss of ¥1,054 million, compared with operating profit of ¥366 million in the previous year. Loss attributable to owners of the parent was ¥1,704 million, compared with a loss of ¥348 million in the previous year, due mainly to the voluntary suspension of live events to prevent the spread of COVID-19.」

    The voluntary suspension of live events caused consolidated net sales to fall 51.4% year on year, with the Group moving from operating profit to an operating loss. Rather than the previous explanation of results relating to live business expansion, the disclosure indicates deterioration in performance under restrictions on event operations caused by the infectious disease.
  20. FY2020-Q3Cumulative revenue decline and sharp earnings deterioration as performances declinedAnnual report

    「Net sales fell 22.1% year on year to ¥78,499 million and operating profit fell 91.7% to ¥498 million, due mainly to lower music software sales and a decline in the number of live performances.」

    The music business recorded a 22.1% year-on-year decline in revenue and a 91.7% decline in operating profit due to lower music software sales and fewer live performances.
  21. FY2020-Q2Lower music business revenue and earnings due to fewer performancesAnnual report

    「Net sales fell 30.7% year on year to ¥47,644 million and the Group posted an operating loss of ¥1,413 million, compared with operating profit of ¥3,726 million in the previous fiscal year, due mainly to lower music software sales and a decline in the number of live performances.」

    The music business recorded a 30.7% year-on-year decline in revenue due to lower music software sales and fewer live performances, turning from operating profit to an operating loss.
  22. FY2020-Q1Music business revenue declined as the number of live performances fellAnnual report

    「Net sales fell 13.5% year on year to ¥22,307 million and the Group posted an operating loss of ¥315 million, compared with operating profit of ¥257 million in the previous fiscal year, due mainly to lower sales of music software and a decline in the number of live performances.」

    The decline in live performances coincided with a 13.5% year-on-year decline in music business net sales and a shift to an operating loss, indicating weak results in terms of expansion of the live business.
  23. FY2019-Q2AdvancedAnnual report

    「Net sales rose 34.3% year on year to ¥68,730 million and operating profit was ¥3,726 million, compared with an operating loss of ¥901 million in the previous fiscal year, due mainly to higher sales of music software in the music business and an increase in high-margin live performances.」

    The music business's net sales rose 34.3% year on year, due mainly to an increase in high-margin live performances, and the business turned from an operating loss to operating profit.
  24. FY2019-Q1AdvancedAnnual report

    「Net sales rose 9.0% year on year to ¥25,790 million and operating profit was ¥257 million, compared with an operating loss of ¥49 million in the previous fiscal year, due mainly to higher sales from live performances and related businesses.」

    Sales from live performances and related businesses rose 9.0% year on year, with the business turning from an operating loss to operating profit.
  25. FY2018-Q3AdvancedAnnual report

    「Net sales rose 4.7% year on year to ¥95,294 million and operating profit rose 25.0% to ¥3,888 million, due mainly to higher sales of music software and increased live attendance.」

    Higher music software sales and live attendance lifted the music business's net sales and operating profit above the year-earlier levels. For the cumulative period, earnings have turned upward after the deterioration seen through the previous quarter.
  26. FY2018-Q2Higher attendance alongside deteriorating earningsAnnual report

    「Although live attendance increased, net sales fell 4.8% year on year to ¥51,191 million due mainly to lower sales of music software, and the Group posted an operating loss of ¥901 million, compared with operating profit of ¥960 million in the previous fiscal year.」

    Live attendance continued to increase, but the music business recorded lower revenue as music software sales declined, moving from operating profit to an operating loss.
  27. FY2018-Q1AdvancedAnnual report

    「For the first quarter of the current consolidated fiscal year, net sales fell 9.2% year on year to ¥32,449 million and operating profit fell 23.2% to ¥1,161 million. Profit attributable to owners of the parent fell 32.7% to ¥322 million, despite an increase in live attendance in the music business, due mainly to lower sales of music software and anime video software and the discontinuation of certain video streaming services in the digital business.」

    Live attendance increased, but Group-wide net sales and operating profit fell below the year-earlier levels. Progress in expanding the live business is evident, but was accompanied by declines in other businesses.
  28. FY2017AdvancedAnnual report

    「Although net sales rose 12.8% year on year to ¥62,905 million, due mainly to higher live attendance and strong performance in related businesses, operating profit fell 13.0% to ¥1,378 million, owing mainly to an increase in selling, general and administrative expenses.」

    Net sales rose 12.8% year on year due to higher live attendance and strong performance in related businesses. However, operating profit declined 13.0% as selling, general and administrative expenses increased.
  29. FY2017-Q3AdvancedAnnual report

    「Net sales rose 24.4% year on year to ¥54,120 million and operating profit rose 19.4% to ¥2,261 million, due mainly to increases in live attendance at large venues and merchandising revenue.」

    Increases in live attendance and merchandising revenue lifted net sales and operating profit above the year-earlier levels. Profit also increased this quarter, following the decline in operating profit caused by low-margin performances in the previous quarter.
  30. FY2017-Q2AdvancedAnnual report

    「Although net sales rose to ¥30,238 million, up 14.4% year on year, due mainly to an increase in live attendance at large venues, operating profit fell 25.5% to ¥1,101 million, owing mainly to an increase in the proportion of performances with low profit margins.」

    Live attendance and net sales exceeded the year-earlier levels, indicating measurable progress toward expanding the live business. However, operating profit declined as the proportion of low-margin performances increased.
  31. FY2017-Q1RestatedAnnual report

    「Against this business backdrop, based on the avex group Growth Strategy 2020 announced in May 2016, the Group is building a structure for selective focus and concentration in the growth areas of live entertainment, anime and digital, while pursuing company-wide optimization to promote synergies between businesses.」

    The Group continues to build a structure focused on selectivity and concentration, positioning live entertainment as one of its growth markets.
  32. FY2016First statedAnnual report

    「Against this business backdrop, the Group has pursued medium-term growth by focusing on strengthening content, advancing digital services and expanding the live business, thereby building a virtuous cycle between content and platforms.」

    The expansion of the live business is positioned as part of medium-term growth driven by the cycle between content and platforms.
Moved together

"Consideration of Group-wide Reform" moved the same way as this thread, in the same document, in 9 of its 36 moves.

966644★123456
  1. ★This thread
  2. 1Consideration of Group-wide Reform9×
  3. 2Expansion into New Business Domains and Overseas Markets through Alliances6×
  4. 3Profit-Linked Compensation and Stock Compensation-Type Stock Options6×
  5. 4Improved profitability in the video business through more efficient spending on video distribution6×
  6. 5Focus on Live, Anime and Digital under Growth Strategy 20204×
  7. 6Upfront Investment in the U.S. Business4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Avex yet. It last moved in the Financial Results Presentation of 2026-08-06: "Worsened".
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Expansion of the Live Business | Avex Inc. (7860) | Komori