Komori
Avex (7860) · RiskMaterialised

Dependence on trends in major works, artists and talent

First written in FY2016. 20 of 23 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-08-06.

23entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q2 – FY2021RestatedFY2023 – FY2024MaterialisedFY2025-H1 – 2026-08-062016: 220162017: 420172018: 320182019: 420192020: 320202021: 220212022: 020222023: 120232024: 220242025: 120252026: 12026
Same theme, other companies
Risk of Fluctuations in Artist Activities, Release Sales and Event AttendanceA theme 12 companies write about · 13 as a headwind · 0 as a tailwind

Avex moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).

The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.

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

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06MaterialisedResults briefing materials

    「Operating income declined due mainly to lower stadium performance and music package product sales in the music business, but finished above expectations」

    Lower stadium performance and music package product sales were reflected in lower operating income in the music business for the first quarter.
  2. FY2025MaterialisedAnnual 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 risk of dependence on trends in works and artists appeared in the consolidated fiscal-year results as lower revenue, including a decline in packaged music title sales, and an operating loss.
  3. FY2025-H1MaterialisedAnnual report

    「Due mainly to declines in the number of performances by major live acts and sales of packaged music titles, revenue was ¥5,613.1 million, down 12.8% year on year. In addition, operating loss was ¥212.2 million, compared with operating profit of ¥216.7 million in the same period of the previous year, mainly because general expenses increased,」

    The risk of dependence on trends in major live acts and packaged music titles appeared in the interim consolidated results as lower revenue and a shift from operating profit in the same period of the previous year to an operating loss.
  4. FY2024RestatedAnnual report

    「Accordingly, the presence or absence of hit artists and hit content, the popularity of major artists and talent, and the growth of new artists and talent may affect the Group’s performance.」

    The risk that trends in major works, artists and talent, and new artists and talent will affect performance has been reaffirmed.
  5. FY2023RestatedAnnual report

    「Accordingly, the presence or absence of hit artists and hit content, the popularity of major artists and talent, and the growth of new artists and talent may affect the Group’s performance.」

    The risk that trends in major works, artists and talent, and new artists and talent will affect performance continues to be disclosed.
  6. FY2021MaterialisedAnnual report

    「Due mainly to the cancellation or curtailment of live events to prevent the spread of COVID-19, revenue was ¥8,152.7 million, down 39.8% from the previous fiscal year, and operating loss was ¥627.8 million, compared with operating profit of ¥403.3 million in the previous fiscal year,」

    The cancellation or curtailment of live events and dependence on trends in works and performances appeared in the results as a 39.8% decline in full-year revenue and an operating loss of ¥627.8 million.
  7. FY2021-Q3MaterialisedAnnual 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 effects of cancelled or curtailed live events and the deterioration in music business revenue and earnings continued, and the risk of dependence on major works and artists and performance trends continued to materialise in the results.
  8. FY2021-Q2MaterialisedAnnual 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 cancellation or curtailment of live events and the decline in sales of packaged music titles continued to appear in the results as a 58.0% year-on-year decline in music business revenue and an operating loss.
  9. FY2021-Q1MaterialisedAnnual report

    「Due mainly to fewer live events and lower sales of music software titles, revenue was ¥743.4 million, down 63.4% year on year, and operating loss was ¥117.5 million, compared with an operating loss of ¥52.8 million in the same period of the previous year.」

    In the music business, declines in the number of live events and sales of music software titles appeared in the results as a 63.4% decline in revenue and an operating loss. The risk of continued dependence on trends in major works and performances has materialised.
  10. FY2020-Q3MaterialisedAnnual 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.」

    Declines in music software sales and the number of live performances appeared in the results as lower music business revenue and a substantial decline in profit, indicating that the risk of dependence on works, artists and performance trends has materialised.
  11. FY2020-Q2MaterialisedAnnual report

    「Due mainly to lower music software sales and fewer live performances, revenue was ¥6,118.9 million, down 26.3% year on year, and operating loss was ¥688 million, compared with operating profit of ¥3,712 million in the same period of the previous year.」

    Declines in music software sales and the number of live performances appeared in the results as a 26.3% year-on-year decline in company-wide revenue and a shift to an operating loss, indicating that the risk of dependence on works, artists and performance trends has materialised.
  12. FY2020-Q1MaterialisedAnnual 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.」

    Declines in music software sales and the number of live performances appeared in the results as lower music business revenue and a shift to an operating loss, indicating that the risk of dependence on major works and artists and performance trends has materialised.
  13. FY2019MaterialisedAnnual report

    「Due mainly to lower sales of video software titles, revenue was ¥1,412.4 million, down 1.0% year on year, and operating loss was ¥19.5 million, compared with operating profit of ¥140.7 million in the previous fiscal year.」

    The decline in title sales appeared in the annual results as a shift in the anime business from operating profit to an operating loss, indicating that the risk of continued dependence on trends in major works has materialised.
  14. FY2019-Q3MaterialisedAnnual report

    「Due mainly to lower sales of video software titles, revenue was ¥958.6 million, down 10.3% year on year, and operating loss was ¥31.9 million, compared with operating profit of ¥131.2 million in the same period of the previous year.」

    In the anime business, lower sales of video software titles appeared as a 10.3% decline in revenue and a shift to an operating loss, indicating that the risk of dependence on trends in titles has materialised.
  15. FY2019-Q2MaterialisedAnnual report

    「Due mainly to lower sales of video software titles, revenue was ¥617.7 million, down 14.2% year on year, and operating loss was ¥23.3 million, compared with operating profit of ¥119.7 million in the same period of the previous year.」

    Lower sales of anime video software titles appeared in the results as a 14.2% year-on-year decline in revenue and a shift from operating profit to an operating loss.
  16. FY2019-Q1MaterialisedAnnual report

    「Due mainly to lower sales of video software titles in the anime business, revenue was ¥249.0 million, down 32.6% year on year, and operating loss was ¥19.7 million, compared with operating profit of ¥81.2 million in the same period of the previous year.」

    Lower sales of video software titles appeared in the results as a 32.6% decline in anime business revenue and a shift to an operating loss, indicating that the risk of dependence on trends in titles has materialised.
  17. FY2018-Q3MaterialisedAnnual report

    「Due mainly to lower sales of video software titles, revenue was ¥1,069.0 million, down 19.6% year on year, and operating profit was ¥131.2 million, down 48.1%.」

    In the music business, sales of music software titles increased, while in the anime business, lower sales of video software titles appeared as declines in revenue and operating profit.
  18. FY2018-Q2MaterialisedAnnual report

    「Due mainly to lower sales of music software and anime video software titles and the termination of some video streaming services in the digital business, revenue was ¥6,840.5 million, down 9.6% year on year. Operating profit was ¥84.3 million, down 71.6%. Quarterly net loss attributable to owners of the parent was ¥633 million, compared with quarterly net profit attributable to owners of the parent of ¥672 million in the same period of the previous year.」

    Lower sales of music and anime titles and the termination of video streaming services appeared in the results as a 9.6% decline in consolidated revenue, a 71.6% decline in operating profit, and a quarterly net loss attributable to owners of the parent.
  19. FY2018-Q1MaterialisedAnnual report

    「Although attendance at live performances increased in the music business, sales of music software and anime video software titles declined, and some video streaming services ended in the digital business. As a result, revenue was ¥3,244.9 million, down 9.2% year on year; operating profit was ¥116.1 million, down 23.2%; and quarterly net profit attributable to owners of the parent was ¥32.2 million, down 32.7%.」

    Including the decline in music software sales, consolidated revenue fell 9.2% year on year and operating profit fell 23.2%, indicating that the risk of dependence on trends in major works affected results for the quarter.
  20. FY2017MaterialisedAnnual report

    「Due mainly to lower sales of music software titles, revenue was ¥5,725.7 million, down 6.5% year on year. Operating profit was ¥310.4 million, down 52.9%, in line with the decline in revenue.」

    Lower sales of music software titles appeared in the results as a 6.5% decline in music business revenue and a 52.9% decline in operating profit, indicating that the risk of dependence on trends in major works and artists has materialised.
  21. FY2017-Q3MaterialisedAnnual report

    「Due mainly to lower sales of album titles, revenue was ¥3,739.8 million, down 4.4% year on year. Operating profit was ¥137.6 million, down 55.0%, mainly because the proportion of titles with low profit margins increased.」

    Lower album sales and the increased proportion of titles with low profit margins actually appeared during the period as a 4.4% decline in music business revenue and a 55.0% decline in operating profit.
  22. FY2017-Q2MaterialisedAnnual report

    「Although sales of music video titles increased, sales declined for album titles and other products, resulting in revenue of ¥2,378.3 million, down 4.1% year on year. Operating profit was ¥19.3 million, down 87.8%, mainly because the proportion of titles with low profit margins increased.」

    The decline in album titles actually appeared during the period as lower revenue and a substantial decline in operating profit, indicating that the risk of dependence on trends in major works has re-emerged.
  23. FY2016First statedAnnual report

    「Because the Group applies the rights it holds as a content holder to a range of businesses, the presence or absence of hit artists and hit content, the popularity of major artists and talent, the continuation of contracts, and the growth of new artists and talent may affect the Group’s performance.」

    The period included reported declines in the number of live performances at large venues and sales of music software albums, demonstrating an actual impact from trends in major works and artists.
Moved together

"Impairment Losses Due to Declining Asset Values and Deteriorating Profitability" moved the same way as this thread, in the same document, in 9 of its 23 moves.

996544★123456
  1. ★This thread
  2. 1Impairment Losses Due to Declining Asset Values and Deteriorating Profitability9×
  3. 2Funding risk due to interest rate fluctuations and financial covenants9×
  4. 3Reorganization of Reporting Segments into Music, Anime, Digital and Other6×
  5. 4Recording of a provision for losses associated with business reorganization5×
  6. 5Focus on Live, Anime and Digital under Growth Strategy 20204×
  7. 6Voluntary Curtailment of Live Events and Impact on Performance Due to the Spread of COVID-194×

★ 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 Results briefing materials of 2026-08-06: "Materialised".
News
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Dependence on trends in major works, artists and talent | Avex Inc. (7860) | Komori