avex group holdings inc. 20th Semiannual Business Report

Transcription

20th Semiannual Business Report
'06.04.01-'06.09.30
avex group holdings inc.
AVEX GROUP HOLDINGS INC.
From April 1, 2006 to September 30, 2006
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 GROUP is pleased to inform shareholders of the business
results of the AVEX GROUP in our 20th Semiannual Business
Report.
The AVEX GROUP set forth its Medium-Term Business Vision
last year to further enhance its corporate value as a “creativitybased company.” In Japan, we worked on building our own
platform through comprehensive approaches, such as reinforcing
our music and visual content distribution business and making a
full-scale entry into the visual content business as an
entertainment contents company. In the Asian markets—led by
the Chinese and South Korean markets—jointly with major local
companies, we promoted a strategy to build the strongest and
largest platform in Asia through capital and business tie-ups.
In the music business, we are endeavoring to enhance our artist
lineups, including discovering and nurturing new faces and
expanding music genres, so that we can create attractive artists
and quality contents. The GROUP strives to reinforce the
distribution of contents, not only in a conventional package but
also online, which is fast becoming a popular form of contents
distribution. We are aiming to establish a solid position as a
leading company within this new business model.
In the visual content business, we established a Visual Content
Business Headquarters last year to promote the production and
procurement of quality visual contents. We also embarked on fullscale film production, thus aggressively expanding our business
frontiers. By taking advantage of the expertise that we have
accumulated in the music business to the maximum extent
possible, we are striving to establish our visual contents business
as a second pillar of the GROUP’s business operations, next to
the music business. To this end, we are aspiring to establish a
business model, the first in the industry, which only the AVEX
GROUP can formulate, by minimizing risks and expanding profitearning opportunities.
The entertainment markets in East Asia are currently growing
into a huge integrated market. I recognize that the Chinese
entertainment market, in particular, is experiencing dramatic
growth, as exemplified by the exploding demands for music and
visual contents, along with the creation of globally recognized
visual contents, and the rapidly growing information and
communication industry in mainland China. In this context, the
GROUP will also expand its market in the Chinese and other East
Asian markets to secure further growth potential. We aspire to
popularize the AVEX brand not only in Japan but also in Asia as a
whole.
The AVEX GROUP hopes that we continue to offer dreams and
impressions to customers who enjoy entertainment. We are
striving to make a concerted effort to push forward this drive for
the future.
The GROUP firmly believes that ensuring a long-term overall
return of profit to our shareholders is one of the most important
management policies of the GROUP. We have a policy to
maintain an annual dividend of 40 yen per share (20 yen per
share for the interim dividend) as originally planned. I ask for your
kind understanding and continued support for our operations.
December 2006
Masato Matsuura
CEO
Organizational Structure of the AVEX GROUP
AVEX ENTERTAINMENT INC.
VELFARRE ENTERTAINMENT INC.
General Shareholders Meeting
Meeting of Auditors
MiDEA INC.
Meeting of Board Directors
Management Committee
AVEX MARKETING COMMUNICATIONS INC.
Representative Board Director
Group Administration Headquarters
Group IT Headquarters
Corporate Planning Headquarters
Financial & Accounting
Computer Systems
IP Strategy
General Affairs and Personnel Affairs
Business Administration
International Strategy
Investors & Public Relations
AVEX NETWORK INC.
Para.TV
AVEX LIVE CREATIVE INC.
AVEX PLANNING & DEVELOPMENT INC.
Internal Affairs
AVEX MANAGEMENT SERVICE INC.
Business Planning
Other consolidated subsidiaries and affiliates
02
Results of Operations
In the music industry, the production value during the period
from April to September 2006 decreased 9.0% from the same
period last year (surveyed by the Recording Industry Association
of Japan). At the end of the previous term, a prolonged, declining
trend showed signs of hitting the bottom. However, the amount
decreased on the current semiannual results and we recognize
that the situation requires careful watching. On the other hand, in
the online music distribution market, music download services for
cell phones showed a steady growth, especially for our ChakuUta® and Chaku-Uta Full® services.
Meanwhile, in the video software industry, sales of DVD video
software during the period from April to September 2006
decreased by 4.1% from the same period last year (according to a
Package Communication (PC) Business
Before elimination of intersegment revenues
PC Business
Network Communication (NC) Business
(Unit: million yen)
21,037
(1,563)
18,639
18,032
(606)
3,961
3,005
(956)
Gross profit margin
17.5%
14.3%
(3.2%)
Total SG&A expenses
3,658
3,633
(24)
303
(628)
(931)
1.3%
(3.0%)
(4.3%)
22,509
20,912
(1,597)
Cost of sales
Gross profit
Operating profit (loss)
Ratio of operating profit against sales
Unaffiliated customer sales
19th Interim 20th Interim Changes
22,601
Sales
survey by the Japan Video Software Association) due to the small
percentage of large-scale titles among those released in the first
half of the year. Total sales of video software packages also
dropped 9.0% from the same period last year (according to the
Association) due to a significant reduction in video cassette sales.
In this situation, the GROUP’s consolidated sales and operating
profit during the semiannual period recorded 41.437 billion yen (an
8.5% increase on a year-on-year basis) and 435 million yen (a
78.2% decrease on a year-on-year basis), respectively. Results by
business segment (before elimination of intersegment revenues)
are as shown below.
NC Business
Sales
(Unit: million yen)
6,954
10,250
3,295
4,746
6,871
2,125
2,208
3,379
1,170
Gross profit margin
31.8%
33.0%
1.2%
Total SG&A expenses
1,685
2,858
1,172
522
520
(2)
7.5%
5.1%
(2.4%)
6,683
9,593
2,910
Cost of sales
Gross profit
Operating profit
Sales of music labels recorded a decrease over the corresponding
period of the previous year. This can be attributed to the fact that hitmaking titles produced in-house like those released in the previous
period were scheduled for release in the second half of the year, and no
large-scale titles were scheduled in the first half. Meanwhile, in the
package consignment sales segment, a number of contract companies
increased and sales performance of released titles was favorable. For
products developed by the GROUP, we were able to cultivate new
markets and achieved steady results.
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 resulted in a reduction of cost percentages
and an increase in the ratio of operating profit against sales. SG & A
expenses increased mainly in the sales promotion and advertising
expenses for reinforcing our membership service business.
In July 2006, Mu-Mo ®, the music content distribution service for
subscribed members operated by the GROUP, was enhanced, with
merchandising and fan club sites added to expand purchasing
opportunities for users.
Live Communication (LC) Business
Content Creation (CC) Business
LC Business
Sales
Cost of sales
Gross profit
Gross profit margin
Total SG&A expenses
Operating profit
(Unit: million yen)
4,464
5,120
656
3,990
4,462
471
474
658
184
10.6%
12.9%
2.3%
229
288
59
245
370
125
5.5%
7.2%
1.7%
3,961
4,530
569
Audience numbers at live concerts by the GROUP’s artists and at
“a-nation,” a summer outdoor live concert, rose. In addition, sales
activities to win sponsorship fees proved successful. As a result, both
sales and operating profit registered year-on-year rises.
CC Business
Sales
(Unit: million yen)
19,108
19,030
(78)
9,916
9,871
(44)
9,191
9,158
(33)
Gross profit margin
48.1%
48.1%
0.0%
Total SG&A expenses
8,539
9,507
968
652
(348)
(1,001)
3.4%
(1.8%)
(5.2%)
4,330
5,513
1.182
Cost of sales
Gross profit
Operating profit (loss)
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, titles with great
hit-making potential produced in-house like those by the PC business in
the previous semiannual period were scheduled for release in the second
half and thus there were no releases of large-scale titles. Thus, sales from
this segment decreased and the increase in artist-related income was not
enough to cover the decline. SG & A expenses increased because of
added personnel and sales promotion and advertising expenses
occurring ahead of schedule as a result of business expansion.
03
Semiannual Financial Highlights
Interim Consolidated Balance Sheets
Account
Assets
Current assets
Cash and deposits
Notes and accounts receivable–trade
*01
Inventories
Deferred income tax assets
*02
Prepaid expense
*03
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
*02
Long-term prepaid expenses
Lease deposits
Others
Allowance for doubtful accounts
Total assets
(Unit: Millions of yen)
19th Interim
20th Interim
19th Interim
20th Interim
As of September 30, 2005
Amount
Amount
Amount
Amount
31,859
4,890
13,108
3,805
3,299
1,279
1,245
4,458
(227)
35,386
23,724
4,066
18,725
932
1,011
10,649
6,307
336
1,305
2,954
(255)
30,245
3,280
11,190
3,941
5,574
1,275
358
4,892
(267)
52,072
26,761
5,265
20,522
973
1,219
24,091
20,412
261
1,450
2,258
(291)
67,245
82,318
Account
Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term borrowings
*07
Current portion of long-term debt
Accounts payable–others
*04
Accrued royalties
Income taxes payable
*05
Allowance for sales returns
*06
Allowance for closing of business
Others
Long-term liabilities
*07
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
27,147
1,247
4,000
3,000
7,521
5,443
613
2,383
432
2,505
9,547
8,000
391
298
857
36,695
44,460
979
23,024
3,000
6,080
4,631
521
2,859
684
2,679
6,720
5,000
380
381
958
51,181
29,492
4,229
5,001
25,724
(5,462)
1,004
1,019
(15)
—
53
30,550
67,245
30,205
4,229
5,001
26,441
(5,466)
824
868
(43)
52
55
31,137
82,318
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 interim financial statements. To enable a comparison of figures from
the current and previous periods, the figures in the previous term are represented as entries under “Net assets.”
Interim 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
Profit from investment partnership
Equity in earnings of subsidiaries and
associated companies
Profit from disposition of accrued royalties
Others
Non-operating expenses
Interest expense
Difference and marginal gain
Commission fee
Investment loss by equity method
Others
Ordinary income
*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.
04
19th Interim
20th Interim
19th Interim
20th Interim
From April 1, 2005
through September 30, 2005
From April 1, 2006
From April 1, 2005
From April 1, 2006
Amount
Amount
Amount
Amount
38,179
23,828
14,350
12,350
1,999
248
7
7
10
41,437
27,415
14,021
13,586
435
314
4
10
221
Account
Special profit
Gain on sales of investment securities
Gain on cash surrender value of insurance [policies]
Others
Special losses
Loss on sales and disposition of fixed assets
Loss on permanent impairment write-down
on investment securities
Provision for allowance for business closings
Others
176
9
37
94
72
2
11
—
8
2,153
—
—
78
363
119
11
14
193
24
386
*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.
Income before income taxes and minority interests
Income taxes–current
Income taxes–deferred
Minority shareholders’ loss
Net income (loss)
*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.
85
78
—
6
269
31
26
19
3
3
281
3
138
88
11
1,969
611
271
—
1,087
261
—
16
131
821
(166)
(0)
(523)
*06: Allowance for loss on business closings
This account records the amount of loss
expected in preparation for possible losses
from the future closing of businesses.
*07: Trend in outstanding long-term debt
In March 2002, we obtained a bank loan of
¥15 billion to finance the purchase of our head
office building. During the current half-year
period, we repaid ¥1.5 billion of the loan.
Interim Consolidated Statements of Cash Flows
19th Interim
20th Interim
19th Interim
20th Interim
From April 1, 2005
From April 1, 2006
From April 1, 2005
From April 1, 2006
Amount
Amount
Amount
Amount
Account
I Cash flow from operating activities
131
624
(1,700)
(739)
(241)
(14)
119
3
1,969
768
—
96
(331)
(15)
72
31
Income before income taxes and minority interests
Depreciation
Increase (decrease) in accrued bonuses
Increase (decrease) in allowance for sales returns
Increase (decrease) in allowance for closing of business
Interest and dividend income
Interest expenses
Loss on sales and disposition of fixed assets
Loss on permanent impairment write-down
on investment securities
Decrease (increase) in notes and
accounts receivable–trade
Decrease (increase) in inventories
Increase (decrease) in prepaid expenses
Increase (decrease) in prepaid royalties
Decrease (increase) in accrued payable
Increase (decrease) 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
Other–net
Subtotal
Interest and dividends received
Payment of interest
Income tax returned
Income taxes paid
Net cash provided by (used in) operating activities
138
261
(3,132)
1,639
(103)
(326)
(1,955)
31
106
601
(15)
(258)
(1,211)
(1,891)
146
(68)
983
(3,774)
(4,605)
5,658
(460)
(112)
477
(87)
(23)
(670)
(921)
(2,475)
(450)
845
224
264
(120)
86
(5,652)
(5,198)
Account
II Cash flow from investing activities
Purchases of property and equipment
Purchases of intangible fixed assets
Proceeds from sale of investment securities
Purchases of investment securities
Other–net
Net cash provided by (used in) investing activities
(887)
(446)
1,319
(417)
(85)
(517)
(2,913)
(472)
27
(4,314)
152
(7,520)
2,000
5,000
(1,501)
13,000
—
(1,500)
(1)
(864)
4,632
(1)
(858)
10,639
22
(467)
5,357
(11)
(2,089)
5,486
—
4,890
(116)
3,280
III Cash flow from financing activities
Increase (decrease) in short-term borrowings–net
Increase in long-term borrowings
Repayment of long-term debt
Net increase (decrease) in acquisition
and sales of treasury stock
Dividends paid
Net cash provided by (used in) financing activities
IV Foreign currency translation adjustments
on cash and cash equivalents
V Net increase (decrease) in cash and cash equivalents
VI Cash and cash equivalents, beginning of period
VII Increase (decrease) in cash and cash equivalents
due to changes in the scope of consolidation
VIII Cash and cash equivalents, end of interim period
Interim Consolidated Operating Results
Sales (Millions of yen)
38,179
40,000
35,000
Operating Income (Millions of yen)
41,437
2,000
32,164
Ordinary Income (Millions of yen)
2,153
1,999
2,000
1,500
1,500
1,000
1,000
30,000
25,000
20,000
435
500
386
500
15,000
0
10,000
0
5,000
-500
0
18th Interim
19th Interim
20th Interim
Interim Net Income/Interim Net Income per Share
Interim net
income
(Millions of yen)
1,000
Interim net income
per share
18th Interim
19th Interim
Total Assets (Millions of yen)
20th Interim
82,318
70,000
62,943
67,245
25.32
30,000
50,000
0
0
(12.19)
-15
-500
(523)
-1,000
-1,500
-30
(28.72)
(1,267)
18th Interim
-45
19th Interim
Net
assets
35,000
15
20th Interim
19th Interim
20th Interim
Net Assets/Net Assets per Share
(Millions of yen)
60,000
500
(492)
18th Interim
80,000
(Yen)
30
1,087
-500
(479)
689.52
30,441
Net assets
per share
710.11
722.54
(Yen)
700
30,496
31,137
600
25,000
500
40,000
20,000
400
30,000
15,000
300
20,000
10,000
200
10,000
5,000
100
0
0
18th Interim
19th Interim
20th Interim
0
18th Interim
19th Interim
20th Interim
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 September 30, 2006)
Nanase Aikawa
Namie Amuro
ASIA ENGINEER
ARIA
BoA
Candy
DA PUMP
dream
Yuko Ando
BACK-ON
Buzz72+
COLOR
06
Hironari Amano
AKINA
DELI
Dt.
Beni Arashiro
BAZRA
Caravan
DELICATESSEN
Every Little Thing
Chokesleeper
DJ EMMA
EXILE
Taro Hakase
globe
hiro
HITOE
J
Aiko Kayo
hitomi
Seikyo Kim
KIRITO
Tetsuya Kuwayama
m.c.A•T
Miyuki Hatakeyama
Nanase Hoshii
Hiroki Kashiwagi
Janne Da Arc
Takehiro Kunugi & Abyss of Time
MAX
Ayumi Hamasaki
Mariko Ide
MEGARYU
Eriko Imai
Tsuyoshi Kawakami and His Moodmakers
Shunsuke Kiyokiba
Lambsey
HINOI Team
Kumi Koda
Kumiko
Mai
LISA
m-flo
★For details, please refer to AVEX’s entertainment portal Web site.
mink
http://avexnet.jp/
07
AVEX Domestic Artists
Missile Innovation
MISIA
Hiroko Nakamura
Masae Nakada
O’s
RAM RIDER
Shinichi Osawa (MONDO GROSSO)
08
Alisa Mizuki
Mayo Okamoto
Non Chords
Miho Ozeki
Ricken’s
Miwa Sasagawa
speena
Daichi Miura
Ai Otsuka
Ami Suzuki
Satomi Takasugi
Ai Okumura
PANG
road of major
Rin’
Sembello
m.o.v.e
Nao Nagasawa
OLIVIA
PENICILLIN
Yutaka Sado
Serina
Akiko Shikata
Hitomi Shimatani
Kunio Tago
Katsunori Takahashi
THE LOOSE DOGS
Tackey & Tsubasa
TOHOSHINKI
Tokyo Purin
Tourbillon
TOKYO SKA PARADISE ORCHESTRA
TRAX
TRIPLANE
Wu Rujun
TRF
Takako Uehara
AAA
Masaya Wada
Tokyo 60 WATTS
Minako Yoshida
Sayaka Yamamoto
V6
ZAN
ZZ
★
M
a
n
A
a
r
g
t
e
i
s
m
e
t
s
n
t
BOO BEE BENZ
talk talk records
mihimaru GT
plane
SEAMO
Good Dog Happy Men
Sentiline
http://avexnet.jp/
09
AVEX International Artists
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
Main International Artists/A to Z (as of September 30, 2006)
Aaliyah
D-SIDE
INFERNAL
MARTY FRIEDMAN
SUGARCULT
10
ALY & AJ
Fantastic Plastic Machine
Jeanie Ortega
NAILPIN
sugiurumn
CLAZZIQUAI PROJECT
FATMAN SCOOP
Jesse McCartney
O-ZONE
sweetbox
Dave Rodgers
FERRY CORSTEN
DA’VILLE
Didier Squiban
FILIPPA GIORDANO
JUNIOR SENIOR
RASCAL FLATTS
GTS
L.O.C
DOMINO
Hilary Duff
martin solveig
SOUL CONTROL
Vanessa Hudgens
STAIREO
YOJI BIOMEHANIKA
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 September 30, 2006)
★
Talent
Hiroki Aiba
Hironari Amano
Eri Ishikawa
Kanna Ebisawa
Erika
Mitsuki Ooishi
Yurie Kojima
Narumi Konno
Aki Shibuya
Miho Sugiura
Saori Sugibayashi
Yuri Nakamura
Mai Masaki
Hiroya Matsumoto
Naoko Miyake
Sawa Yamaguchi
Kazuma Yamane
Kozo Takeda
(Kickboxing)
Hiroyasu Shimizu
(Speed skating)
Daisuke Miura
(Professional baseball)
Yu Darvish
(Professional baseball)
Fumie Suguri
(Figure skating)
★
Sport
http://avexnet.jp/
11
New Comer
N e w
C o m e r
T h e
F a c e s
We will introduce artists who have newly joined the AVEX GROUP between January 2006 and December 2006.
We hope for your continuous support and patronage of these new artists as well as those artists who joined AVEX earlier.
Shibusa Shirazu
[Shibuzen]
MONKEY MAJIK
http://www.webs.to/shibusa
http://www.monkeymajik.com/
Vanilla Mood
sifow
01.11
02.08
[fly]
02.15
[&YOU REVOLUTION]
http://www.vanillamood.jp/
http://www.avexnet.or.jp/sifow/
misono
03.08
03.29
[VS]
http://www.rhythmzone.net/ryohei/
http://www.avexnet.or.jp/misono/
[Dreamer]
04.26
http://www.avexnet.or.jp/lecca/
[Sign]
http://www.2backka.com/
12
02.01
[Ashiato/Kessho]
http://www.avexnet.or.jp/clair/
MAY
02.22
03.29
CEYREN
02.22
GIBIER du MARI
03.01
[WONDERLAND]
[Ame]
[Blues]
http://www.mayland.jp
http://ceyren.jp
http://www.avexnet.or.jp/gd-mari/
Tomiko Van
Nesmith
Yokai Project
03.29
03.01
03.29
04.12
[Babora]
[FAREWELL]
[Bakemono Yokocho]
[Tsuishin]
http://www.neverland-sd.com/
http://avex.jp/van/
http://www.avexnet.or.jp/yokai/
http://www.rhythmzone.net/nesmith/
Tadashi Hirosawa
04.26
http://www.avexnet.or.jp/tamaki/
05.10
[Migite-ni Yuyake Hidarite-ni Asayake]
http://www.hirosawatadashi.com/
rock-senti
05.31
Clair
http://www.tearbridge.com/aizawa/
http://www.c-999.com/
[Kibo-no-Umi/Ame]
2BACKKA
02.01
[Hammock/Toku-e]
http://anna-t.com/
[Sanzen Sekai-ni
Nari Hibike]
Hiroshi Tamaki
lecca
Kumiko Aizawa
01.25
[Change your life]
http://www.rhythmzone.net/tenjo/
NEVER LAND
[onelove]
Anna Tsuchiya
01.25
[Boomerang]
C-999
[Vanilla Mood]
Ryohei
Tenjochiki
01.18
[Madeleine]
http://www.6-cm.com/
* Dates next to artists represent the date of release of the first album from AVEX.
Sutorobo
ASIAN2
[ASIAN VIBRATION]
05.24
http://www.avexnet.or.jp/asian2
05.24
[Boku-no Tokoro-e/Good Morning! Mr. freak]
http://www.avexnet.or.jp/strobo/
Ataru Nakamura
asphalt frustration
06.07
[2]
06.14
http://www.posmusic.com/asphalt_frustration/
06.28
[Yogoreta Shitagi]
http://www.nakamura-ataru.jp/
Ossan
Dakota Star
06.28
The Little Bits
Terry&Francisco
07.05
07.05
[Together Alone]
[Terry & Francisco]
[Futari no Airando]
http://www.avexnet.or.jp/ossan/
http://www.dakotastar.net/
http://www.terry-francisco.jp/
http://www.thelittlebits.jp/
SEED
Shigemi Hazama
GANGA ZUMBA
[like the Wind]
http://www.avex.jp/seed/
07.26
Takuya Kanatsuki
[HABATAKE!]
http://www.gangazumba.jp/
08.16
08.30
[everlasting one]
http://www.tearbridge.com/kanatsuki/
http://rhythmzone.net/soffet/
kannivalism
09.27
Dan Miyakawa
[Here We Go!!]
BeForU
10.25
[Red Rocket Rising]
http://www.danmiyakawa.com/
http://avexmovie.jp/lineup/beforu/
kotringo
The Strikers
[I’M SENSITIVE]
11.22
http://www.the-strikers.com/
11.29
08.02
Haruko Momoi
08.09
[momo-i quality ~best of momo-i~]
http://www.avexmovie.jp/lineup/momo-i/
10.04
Shinji Tanimura
The Phanky OKstra
[Drive]
http://rhythmzone.net/tpo/
Riyu Kosaka
10.18
09.06
09.13
[Kaze no Koyomi]
http://www.tanimura.com
Hiroki Maekawa
Noria
10.18
10.25
[Ellys Green]
[Yamato Nadeshiko Tamashii]
[Love 2 Clutch]
[Kaede]
http://www.avex-io.com/sfm/
http://beatrevolution.i-revo.jp/artists/riyu_kosaka/
http://beatrevolution.i-revo.jp/artists/noria/
http://avexnet.or.jp/hiroki/
ACOUSTIC ASTURIAS
11.01
[pied-piper]
RYO the SKYWALKER
http://www.nwp.co.jp/ryothesky/
Song for Memories
09.27
http://www.avexnet.or.jp/tokoro/
[Harewataru Oka]
http://www.matsumotoakihiko.com/
http://www.rhythmzone.net/micronstuff/
07.19
[Anzen Daini]
http://www.avexnet.or.jp/rinka/
http://www.aheahe.tv/
09.06
[RINK+AGE]
MICRON'STUFF
http://www.kannivalism.com/
08.02
07.19
[XXX (Millions Kisses)]
[TALKIN' BLUES]
Akihiko Matsumoto
SOFFet
[Hitori ja Naikara/Harmony]
[Ritori]
08.02
Joji Tokoro
Rinka
07.05
[Shinshun Chanson Sho]
11.08
Mari Kaneko
11.08
My Little Lover
Rei Mastrogiovanni
11.08
[Marching Grass on the Hill]
[B-ethics]
[Ribon]
http://www.geocities.jp/gonzo1go/home.html
http://avex-io.com/kaneko/
http://www.mylittlelover.jp/
AIR
Chen Hao
12.06
12.06
Akira Terao
http://tearbridge.com/rei/
the do-nuts
12.06
[Konnichiwa Mata Ashita]
[Walk This Way]
[Feel your heart everytime]
[Re-Cool HABANA EXPRESS]
http://www.commmons.com/
http://www.air-net.mu/
http://www.avexnet.or.jp/chenhao/
http://avexnet.or.jp/AandA/
11.15
[HAPPINESS!!]
[Yoroshiku Dozo/Minami no Shima
kara Kurisumasu/Wonderful One]
12.06
http://the-do-nuts.com/
http://avexnet.jp/
13
Topics
TOPICS
AVEX CHINA
established!
The entertainment markets in
East Asia are evolving into a single
giant integrated market. In
particular, China is experiencing
rapid growth, spurred by the
creation of films that have gained
worldwide recognition, and the
dramatic growth of the information
and communication industry in
mainland China. As a result, music
and visual contents are now
seeing increasing demand there.
On November 16, the AVEX
GROUP established AVEX
CHINA Co., LTD. in Beijing,
through a joint venture with
Chengtian Entertainment Group,
the AVEX’s important partner in
developing business in China.
AVEX CHINA will discover and
develop artists within China. At the
same time, with a view to creating
an entry to mainland China by
artists not only from Japan, but
also from South Korea, Taiwan,
and Hong Kong, the company
aspires to be the strongest
entertainment company in Asia
through producing successful titles
and establishing trends that will
have an impact on the entire East
Asian market.
Jiang Yiyan
Yeahh!!
Being the exciting first AVEX CHINA artist, she is
scheduled to make her debut in December,
bringing out a mini album of ballads.
He will make his debut in December, with his pop
dance music. Papaya Suzuki provided the
choreography.
TOPICS
Making a large-scale film as a
commemorative event to celebrate
the 20th anniversary of AVEX
AVEX ENTERTAINMENT
INC. has decided to make a film
as one of a series of
commemorative events to
celebrate the 20th anniversary of
AVEX GROUP on April 11,
2008.
AVEX aims at producing an
original Japanese music film that
will embody AVEX’s consistent
basic principle of “only AVEX
can do what nobody else has
ever done before.” The film is
designed to earn popularity not
only in Asia but across the world.
As the first step in this
endeavor, AVEX ran a public
contest for the story for the film,
for which the acceptance of
applications has already closed.
The contest is being staged on
14
an unprecedented scale with a
grand cash prize of 10 million
yen, and attracted a number
of applications beyond all
expectation. AVEX is now
screening the works contributed.
Please look forward to the
release in April 2008.
TOPICS
Ryuichi Sakamoto and AVEX jointly
establish new “commmons” label
On November 6, AVEX
ENTERTAINMENT INC. and CAB
Co., Ltd. jointly established a new
label named “commmons.”
This new label, “commmons,” is a
project launched jointly by artists
including Ryuichi Sakamoto (signed
to CAB), and AVEX GROUP to
search for new possibilities in music.
Under the banner “think global, act
local,” “commmons” aims to function
as a novel music community which
places emphasis on ecology as well
as social and cultural contributions.
“commmons” aspires to serve as a
“common
label,”
which
artists/creators, the music industry,
and users/listeners can share to
build deeper relationships with each
other.
Hoping that a common
appreciation of music will always be
the focus, the new project was
named “commmons,” spelled with
three “m’s” in the middle of the word.
As the first undertaking in this
project, “Konnichiwa Mata Ashita” a
debut single by kotringo, was
released on November 29. Titles by
commmons artists (Ryuichi
Sakamoto, BOREDOMS (V∞
REDOMS), kotringo,
TOPICS
(kuchiroro) will be released one after
another.
★ commmons official Web site:
http://www.commmons.com/
Ryuichi Sakamoto (right)
Masato Matsuura, CEO, AVEX GROUP
HOLDINGS INC. (left)
AVEX GROUP establishes a
pavilion in Kidzania Tokyo
for live stage entertainment
Kidzania Tokyo, the first edutainment*
facility in Japan, opened in Toyosu,
Tokyo, on October 5. The facility is
designed to be a town where children
can take all the initiative. They can try to
work on various types of jobs in the
facility and learn about social systems at
the same time as they are having fun.
AVEX has established a “live stage”
pavilion at Kidzania Tokyo. Children can
experience being an artist by presenting
their performances in front of a visual
image of an audience shown on a large-
sized screen.
AVEX will be conducting a variety of
business, with an emphasis on the word
“kids,” and engaging in social
contribution activities through
entertainment.
* Edutainment: A coined word expressing a combination of
education (learning) and entertainment (amusement).
★ Kidzania Tokyo Website:
www.kidzania.jp (for PCs) or
http://m.kidzania.jp (for cell phones)
Kidzania Tokyo
Entrance
★Official site of AVEX’s 20th
anniversary commemorative film:
http://www.avex20th.com
for PCs and cell phones
Live stage
TOPICS
The Mu-Mo® music download site, which has celebrated
its first anniversary, has been widely updated.
On July 5, the Mu-Mo® music download site,
which was launched last June, underwent a
complete makeover.
In this renewal, besides expanding the
capacity to offer tunes with high sound quality
and high added-value, only attainable by the
contents holder, we started to offer the latest
music information related to artists, sell official
artist goods, and began a service through
which music download site users can buy
packaged items, such as CDs and DVDs.
The Mu-Mo ® for PC was also changed
completely. The site now offers a greater
Mu-Mo® top page
TOPICS
number of contents than ever before, and
which are only available at this site.
AVEX offers contents where music,
photographs, moving images and goods, etc.,
are integrated, and proposes a new
entertainment lifestyle so that more of our
customers can enjoy themselves with this
media, regardless of time and place.
* “Mu-Mo®” is a registered trademark of AVEX NETWORK
INC.
* “Chaku-Uta ® ” and “Chaku-Uta Full ® ” are registered
trademarks of Sony Music Entertainment (Japan) Inc.
Of course services are available also from cell phones!
You can download music and purchase goods and CDs/DVDs.
A lot of music and visual contents are offered
that are only available here!
You can purchase official artists’ goods online
You can apply to join a fan club
Joint planning efforts with DWANGO have resulted in
maximizing the potential of artists and contents
★ Jointly organizes “a-nation”
with DWANGO
Mu-Mo® and dwango.jp jointly established a
special topic page for “a-nation.” Prior to the
concerts, information on concerts and performing
artists was offered along with Chaku-Uta® service,
contents, and comments for a limited period of
time. During the concerts, services were provided
via cell phones in which users could obtain
information and receive comments from actual
performers after the concert.
“dwango.jp” is a trademark
and a registered trademark
of DWANGO Co., Ltd.
★ Cooperation between the AAA official fan club and DWANGO
In connection with the AAA’s first anniversary concert held in the Budokan, the AAA
supporters’ club was established at dwango.jp to conduct programs to attract new
customers in an effort to help promote live concerts. A program to invite users free-ofcharge to the concert was also organized. Efforts were made to attract customers
from “dwango.jp” to “AAA Party,” the official fan club set up in the AVEX NETWORK
site, to enhance synergy effects.
At the concert in the Budokan, several new show ingredients utilizing cell phones,
such as photo-taking time and direct phone calls with the artists were introduced.
AAA concert in the Budokan
“a-nation” special page
15
Topics
TOPICS
Aoki Okami, Chi-Hate Umi-Tsukiru-made
Scheduled for ultra-large-scale nationwide viewing from Saturday, March 3, 2007
Genghis Khan—the man who founded the
largest empire in history—People call him the
Blue Wolf.
With a planning period of 27 years, a total
production cost of 3 billion yen, and four months
of shooting in Mongolia, the first and probably
last, brilliant ultra-large-scale entertainment film
in Japanese film history has finally been born.
This film is about the life of Genghis Khan, who
was the founding hero of Mongolia. At the end
of the 12th century, he accomplished the great
feat of unifying Mongolia. He took the reins of
TOPICS
©2006 “Tada Kimi wo Aishiteru” Production Committee
Starring: Hiroshi Tamaki, Aoi Miyazaki
Original story: Takuji Ichikawa, “Renai Shashin
Mou Hitotsu no Monogatari”
(published by Shogakukan)
Theme song: Ai Ootsuka, “Renai Shashin”
Amazing Nuts!—Ultimate collaboration
between video image and music
“Amazing Nut!” on DVD is released.
The title is a collection of short
animated films and has been produced
by STUDIO 4°C in collaboration with
four rhythm zone artists: m-flo, Kumi
Koda, RAM RIDER, and mink.
DVD
“Amazing Nuts! Regular Version”
AVBA-35003, ¥2,999 (inc. tax)
©avex & STUDIO 4°C
16
voluntary activities at a local art institute
where he meets Nora, a ballet dancer who
comes from a rich family and is dedicated to
her dream. Tyler faces a major turning point
in his life. Sharing confidence with each other,
they create a whole new world of dancing.
Where will the love of the two take them?
Where will be the destination of their dreams?
DVD version of the greatest love story of the year,
“Tada Kimi wo Aishiteru” is scheduled for release in 2007
“Renai Shashin Mou Hitotsu no Monogatari” has
become a big hit. The hottest work is by Takuji Ichikawa
who is also the author of “Ima Ai ni Ikimasu.” The film
leaves you with a heart ache and warmth, bringing tears
to the eyes of audiences throughout Japan. After
watching the movie, audiences often feel the urge to
care more bringing people closer together. The release
of the film on DVD has now been decided.
TOPICS
©2007 “Aoki Okami Chi-Hate Umi-Tsukiru-made”
Production Committee
Produced by: Haruki Kadokawa/
Ryuhei Chiba
Director: Shinichiro Sawai
Screenplay: Takehiro Nakajima/
Shoichi Maruyama
Original story: Seiichi Morimura
“Chi Hate Umi Tsukirumade—A novel
about Genghis Khan” (two volumes)
(Haruki Pocketbook)
Appearances by: Takashi Sorimachi,
Rei Kikukawa, Mayumi Wakamura,
Yoshihiko Hakamada, Kenichi
Matsuyama, Ara (new face), Eugene
Nomura, Yusuke Hirayama, Masahiko
Tsugawa, Hiroki Matsukata
Theme song: mink
Distributed by: Shochiku
“Step Up,” which was the fifth highest box office earner among
American dance movies will soon hit a nationwide preview
Classic ballet and street dance, orchestra
music and hip hop: The unprecedented
combination of seemingly unrelated elements
has roused excitement and emotion.
Born and raised in a poor family, Tyler, a
high school boy, drops out of school and has
no dreams about his future. In the wake of an
accident, he started to get involved in
TOPICS
this vast empire extending from China in the
east to the Persian Gulf in the west. The legend
of the hero of the fields has great romantic
appeal to many people of all ages and cultures.
This film follows the track of the many fierce
battles of Khan. At the same time, the film
focuses on the human side of the young hero,
depicting Khan’s agony of the secret of his birth,
affection for and hatred toward his family,
friendship with and betrayal of his lifelong friend,
and his affection for the women he loved.
Ara is playing the role of Klang, Genghis
Khan’s true love throughout his life. She
is an exceptional talent who surpassed
39,157 applicants and won the grand
prix in the “Actress Audition” held as the
first event based on the collaboration
project between Kadokawa Haruki
Corporation and the AVEX GROUP.
TOPICS
Director: Anne Fletcher
Casts: Channing Tatum, Jenna Dewan
Distributed by: AVEX ENTERTAINMENT INC., Shochiku
From March 17, 2007, the film will hit the screens of
Marunouchi Piccadilly 2, and other theaters nationwide.
©2006 SUMMIT ENTERTAINMENT N.V.
ALL RIGHTS RESERVED.
TOPICS
“Tokyo Friends The Movie”
out on DVD
“Tokyo Friends The Movie,” a
blockbuster movie in this summer, is already
for sale on DVD. With the original DVD
drama, “Tokyo Friends” launched three
years ago, the story
was finally concluded.
The standard edition
will be released on
December 13 at a
price of 2,980 yen
(inc. tax).
The latest drama starring
Bae Yong Joon
TOPICS
©2006 “Tokyo Friends The Movie” Film
Partners
DVD
“Tokyo Friends The Movie-standard edition”
AVBF-26028, ¥2,980 (tax included)
The Queen, the leading candidate
of the 79th Academy Award winner
This film, which has generated a great deal of interest,
depicts the years after the death of Princess Diana through the
eyes of Queen Elizabeth and of
newly-elected Prime Minister
Blair. The film is scheduled for
release at Chanter Cine and
other theaters in April 2007.
The super largescale fantasy drama,
“Tae Wang Sa Shin
Gi,” is presently being
filmed. The drama is
going beyond the
framework of previous
Korean dramas.
©TSG company.co.ltd
©2006 GRANADA
SCREEN (2005) LTD/
PATHE RENN
PRODUCTION SAS/BIM
DISTRIBUZIONE
Outline of Company
Company Outline
(as of December 1, 2006)
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
156 (1,164 employees within the AVEX GROUP)
Note: Temporary employees are not included in the number of employees.
(as of September 30, 2006)
Domestic
consolidates
subsidiaries
AVEX ENTERTAINMENT INC.
Masato Matsuura
CEO
Ryuhei Chiba
Co-CEO
Takashi Araki
Senior Executive Director
Toshio Kobayashi
Managing Director
Shinji Hayashi
Managing Director
Hiroshi Inagaki
Director
Hajime Taniguchi
AVEX MARKETING COMMUNICATIONS INC.
Katsuro Oshita
AVEX NETWORK INC.
AVEX LIVE CREATIVE INC.
Tadasu Ohe
AVEX PLANNING AND DEVELOPMENT INC.
AVEX MANAGEMENT SERVICE INC.
Outside Director
Toru Arakawa
VELFARRE ENTERTAINMENT INC.
Shin Ushijima
MiDEA INC.
Para.TV Inc.
Consolidated
foreign
subsidiaries
Minoru Onozato
AV EXPERIENCE AMERICA INC.
Nobuo Kawakami
AVEX ASIA LIMITED
AVEX TAIWAN INC.
Shinkichi Iwata
Full-time Auditor
AVEX ASIA HOLDINGS LIMITED
Kenji Nomura
Associated
companies
Toshiaki Katsushima Corporate Auditor
Label Mobile Inc.
Memory-Tech Corporation
Yoshiya Takahashi
EL CAMINO REAL Inc.
avex & EAST Inc.
Operating
officers
DWANGO Co., Ltd.
Kenzo Katakura
Chengtian Entertainment Group (International)
Holding Company Limited
Takahiro Miura
AVEX CHINA CO., LTD.
Akihiro Terada
● 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 music and video
distribution, please visit the above URL.
17
Stock Data
Distribution of Shareholding
[Number of shareholders]
Total 25,593
(As of September 30, 2006)
Treasury stock
1
0.00%
Domestic financial institutions
65
0.25%
Domestic securities companies
40
0.16%
Domestic corporations
175
0.68%
Foreign investors
118
0.46%
Japanese individuals and others
[Number of shareholders by region]
Total 25,593
Hokkaido
region
317 1.24%
Overseas
550 2.15%
107 0.42%
Tohoku
region
1,021 3.99%
25,194 98.44%
Kanto
region
1,164 4.55%
[Number of shares]
Total 46,157,810
Shares
Treasury stock
3,211,717
Domestic financial institutions
6.96%
15,462,894 33.50%
Domestic securities companies
495,016
1.07%
Domestic corporations
3,775,888
8.18%
Foreign investors
7,733,553 16.75%
Japanese individuals and others
Top Ten Shareholders
Shareholder’s name
Number of shares
Percentage of
total shares
Japan Trustee Services Bank, Ltd. (Trust account) 5,279,400 shares
11.43%
The Master Trust Bank of Japan, Ltd. (Trust account) 3,309,800 shares
7.17%
Masato Matsuura
2,236,924 shares
4.84%
Toshio Kobayashi
2,236,918 shares
4.84%
Designated independent money trust, Mitsui Asset
Trust and Banking Co., Ltd., Trust Account 1
1,367,400 shares
2.96%
MAX 2000 INC.
1,150,000 shares
2.49%
T’S CAPITAL INC.
1,150,000 shares
2.49%
Caceis Bank Ordinary Account
1,133,700 shares
2.45%
Daiichikosho Co., Ltd.
920,000 shares
1.99%
Trust & Custody Services Bank, Ltd. (Trust account B)
795,000 shares
1.72%
Notes:
1. In addition to the above table, there are 3,211,717 treasury shares (6.96%) owned by
the Company.
2. CEO Masato Matsuura and Managing Director Toshio Kobayashi serve as
representative directors of MAX 2000 INC. and T’S CAPITAL INC., respectively.
Share Information
Authorized number of shares
184,631,000 shares
Number of shares outstanding
46,157,810 shares
One unit of shares
Chugoku
region
100 shares
Note: The Company owns 3,211,717 treasury shares, and the number of outstanding
shares (excluding treasury shares) is 42,946,093.
ART DIRECTION & DESIGN Masaki Maekawa Design Office PRINTING TAKARA PRINTING CO.,LTD.
Chubu
region
Shikoku
region
Kyushu
region
13,513 52.80%
4,697 18.35%
15,478,742 33.53%
Kinki
region
572 2.23%
3,652 14.27%
Stock Price/Trading Volume
(From April 3, 2006 to November 17, 2006)
Share Price (Unit: Yen)
Trading Volume (Unit: Thousands of shares)
2006
Apr.
May
June
July
Aug.
Number of shareholders
Sep.
Oct.
March 2005
September 2005
March 2006
September 2006
AVEX GROUP HOLDINGS INC.
Nov.
25,677
20,739
26,233
25,593
Information & Questionnaire
Memo for Shareholders
● Accounting
year
April 1 to March 31 of the following year
● Date
March 31
● Date
September 30
for determining shareholders eligible for
year-end dividend receipt
for determining shareholders eligible for
interim dividend receipt
● Regular
general shareholders meeting
● Managing
agent of shareholders registry
● Contact
● Immediate
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)
contact locations for share ownership
transfer
Branches of Mitsubishi UFJ Trust and Banking
Corp.
● Stock
exchange where AVEX stock is listed
First Section of Tokyo Stock Exchange
(Security code No.7860)
● Media
where shareholder information is posted
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.)
Information
● For
request of forms concerning shares
Please contact the managing agent of the shareholders registry, above, via telephone or the
Internet (24-hours a day) to request a form to complete stock-related business procedures, such
as notifying a change of a registered address, seal and name, instructing a dividend transfer,
requesting purchase of odd-lot shares, or requesting a transfer of share ownership.
0120-244-479
0120-684-479
http://www.tr.mufg.jp/daikou/
(Corporate Agency Division, Mitsubishi UFJ Trust and Banking Corp.)
(Osaka Corporate Agency Division, Mitsubishi UFJ Trust and Banking Corp.)
(Internet address)
If you use the central securities custody and book-entry transfer system (JASDEC), please
contact the securities company with which you have an account.
To shareholders
—Please complete the questionnaire.
AVEX would like to ask for shareholders’ feedback to enhance our management and IR
activities. We would appreciate it if you would kindly complete the questionnaire inserted in the
booklet and return it to AVEX.
● When
dropping the questionnaire into a mailbox
Please make sure to attach the enclosed “information protection sticker” on the front side of
the postcard (where your name and address will be entered). We will use the personal
information provided on the questionnaire postcard only for the purpose of improving our
management and IR activities and will not use it for any other purpose.
* We will accept all replies arriving on and before January 15, 2007.
19
avex group holdings inc.
'06.04.01-'06.09.30
avex network
avex bldg.,
3-1-30 Minami-Aoyama,
Minato-ku,
Tokyo 107-8577 Japan
URL http://www.avex.co.jp/
● Inquiries about this booklet
Stock Division, General Affairs and Personnel Affairs,
Group Administration Headquarters
0120-39-8550 (between 10:00 am and 6:00 pm
except weekends and national holidays)
This booklet uses recycled paper that
is 100% made from used paper, and
ink made from soybean oil certified by
the American Soybean Association.

avex group holdings inc. 20th Semiannual Business Report

Transcription

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