Integration of Overlapping Music Business Functions and Reorganization of the Music Business
First written in FY2018-Q1. 4 of 6 entries say "Restated". Latest entry: FY2024.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The measure is being implemented to transfer certain functions related to the music business and centralize and accelerate decision-making.」
The restructuring through the separation and incorporation of music business functions effective 1 August 2023, as well as the centralization and acceleration of decision-making, have been reaffirmed. - FY2024-Q3RestatedAnnual report
「Avex Music Creative Inc. and Avex Alliance & Partners Inc. were established during the second quarter of the consolidated accounting period through incorporation-type company splits, with Avex Entertainment Inc. as the splitting company, and are therefore treated as consolidated subsidiaries.」
The company has reaffirmed that Avex Music Creative Inc. and other entities were established and became consolidated subsidiaries through the separation and restructuring of music business functions. - FY2024-Q2AdvancedAnnual report
「The measure is being implemented to transfer certain functions related to the music business and centralize and accelerate decision-making.」
As part of a restructuring of the music business, certain functions were transferred to Avex Music Creative Inc. through a company split for incorporation effective 1 August 2023, with the aim of centralizing and accelerating decision-making. In addition, Avex Live Creative Inc. was established through a joint company split for incorporation to handle live-event functions. - FY2018-Q3RestatedAnnual report
「Avex Live Creative Inc. was absorbed through a merger effective 1 April 2017, with Avex Music Creative Inc., a consolidated subsidiary of the company, as the surviving company. Avex Music Creative Inc. also changed its corporate name to Avex Entertainment Inc. effective the same day.」
The absorption-type merger of the music businesses and the corporate name change to Avex Entertainment Inc. were reaffirmed. There were no new restructuring matters. - FY2018-Q2RestatedAnnual report
「Avex Live Creative Inc. was absorbed through a merger effective 1 April 2017, with Avex Music Creative Inc., a consolidated subsidiary of the company, as the surviving company. Avex Music Creative Inc. also changed its corporate name to Avex Entertainment Inc. effective the same day.」
The absorption-type merger of the music businesses and the corporate name change were reaffirmed as changes among affiliated companies. No new restructuring milestone was disclosed. - FY2018-Q1First statedAnnual report
「Based on the “avex group Growth Strategy 2020: Toward a Future-Oriented Entertainment Company,” announced in May 2016, our Group has worked to establish a structure focused on selectivity and concentration, while pursuing company-wide optimization to promote synergies among businesses. As part of this effort, we reorganized the music business to integrate overlapping music-related functions at Group companies and establish a structure for advancing the music business with the aim of creating hit content.」
Avex Live Creative Inc. was absorbed into Avex Music Creative Inc., integrating overlapping music business functions. The surviving company subsequently changed its corporate name to Avex Entertainment Inc.