avex group holdings inc. 19th Annual Business Report

Transcription

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19th
Business
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avex group holdings inc.
★AVEX GROUP Medium-Term Vision
To evolve into the “Entertainment
Brand Company”
with the strongest creative and
communication capabilities in Asia
19th Annual Business Report '05.04.01 - '06.03.31
AVEX GROUP HOLDINGS INC.
Contents
02 Contents
03 To Our Shareholders
04 Consolidated Financial Highlights
06 Domestic Artists
11 International Artists
12 Entertainment/Sports
13 Topics
18 Outline of Company
19 Information
02
To Our Shareholders
The GROUP is pleased to inform shareholders of the closing
of the 19th fiscal year (covering the period from April 1, 2005
to March 31, 2006).
This term was the 1st year of structural reform executed
under the AVEX GROUP medium-term vision, and also was
the 1st year for the medium-term management plan, i.e., this
term was positioned as a very important year for the future
deployment of Group business.
To further enhance our corporate value as a “creativebased company”, the AVEX GROUP clarified and worked on
specific strategies based on the reinforcement of
fundamentals such as branding, communication and
personnel training.
Furthermore, we have made efforts to improve the work
environment in the Group. For example, we’ve clarified the
role (goals) of each employee by reshuffling the Group
organizations and we’ve created a comfortable work place
where employees can freely exert their creativity without
getting caught up in ready-made ideas, etc. These efforts
have resulted in enhanced motivation for each employee and
have activated the Group as a whole.
With our movement in a positive direction, consolidated
sales for the 19th term reached a record high, and we saw a
significant improvement in profits, which confirmed the good
results. I think the 1st year of the structural reform and
medium-term management plan was a successful start
toward accomplishing the AVEX GROUP medium-term vision.
In addition, based on the term’s actual results, we have
decided the “New Three-Year Business Plan”, which will start
in our 20th term and which considers changes and new
elements in the market environment. We plan to move
19th Annual Business Report
vigorously toward the 20th anniversary of the Group,
focusing on speed without losing the AVEX special
characteristics. From this point on, please pay close attention
to the continually evolving AVEX GROUP.
By the way, our Group firmly believes that executing longterm and overall profit reduction for our shareholders is one
of the most important management policies of the Group, and
we’ve decided that the profit dividend for the 19th term
should be an ordinary dividend of 20 yen per share (40 yen
per year including the interim dividend).
In closing, I ask for your continued understanding and
support to sustain the Group’s growth.
New Three-Year Business Plan
Sales
Operating profit
Ratio of operating profit against sales
(hundred million yen)
(%)
1,500
15
1,429
1,213
1,027
1,000
897
10.1
9.6
8.8
9.0
500
5
86
0
10
90
Actual results in
the 19th term
20th
109
21st
145
22nd
0
June 2006
Masato Matsuura
CEO
03
Consolidated Financial Highlights
(in millions of yen)
Consolidated Balance Sheets
18th term
19th term
18th term
(as of March 31, (as of March 31,
2005)
2006)
Assets
Current assets
Cash and deposits
Notes and accounts receivable trade
*01
Inventories
Deferred tax assets
Advance payment
*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
Long-term prepaid expenses
Deferred tax assets
Lease deposits
Others
Allowance for doubtful accounts
*02
Total assets
29,141
5,357
9,954
5,431
3,381
1,091
1,056
892
2,094
(119)
35,840
23,403
3,940
18,725
737
1,099
11,337
6,434
367
1,947
1,408
1,459
(280)
37,521
5,486
16,849
3,516
5,223
2,768
1,118
842
1,972
(255)
46,305
24,175
4,120
18,725
1,329
1,065
21,064
17,742
238
1,000
1,287
1,097
(301)
64,981
83,826
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term borrowings
*07
Current portion of long-term debt
*07
Accounts payable-other
Accrued royalties
*04
Income taxes payable
Allowance for bonus payment
Allowance for sales returns
*05
Allowance for closing of business
*06
Others
Long-term liabilities
Long-term debt
*07
Provision for retirement benefits
Retirement allowance for directors and corporate auditors
Others
Total liabilities
Minority interest
Shareholders’ equity
Common stock
Capital reserve
Retained earnings
Net unrealized gain (loss) on available-for-sale securities
Foreign currency translation adjustments
Treasury stock
Total shareholders’ equity
Total liabilities, minority interest and shareholders’ equity
Consolidated Statements of Income
18th term
*01: Inventories
Inventory assets are composed of such
items as “Commodities”, “Products”,
“Products in process”, and “Use rights of
visual content”. In the “Products in
process”, the costs required in the process
from the start-up of a product to its
commercialization such as CD packaging,
etc., are recorded. Also, in the “Use rights
of visual content”, we record the costs for
the right to make a video program of a film,
which we acquire to make packaged DVDs,
etc.
04
75,418
48,353
27,064
22,795
4,269
472
12
25
306
12
115
311
156
19
—
136
4,431
28,744
1,097
2,000
3,001
7,163
5,450
3,775
—
2,286
768
3,199
6,160
4,500
392
389
878
34,904
—
42,232
1,652
10,000
3,000
6,969
7,117
4,514
1,700
3,598
925
2,753
8,091
6,500
399
344
847
0,323
56
4,229
5,001
25,754
602
(50)
(5,461)
30,076
64,981
4,229
5,001
28,257
1,412
11
(5,465)
33,446
83,826
19th term
18th term
(April 1, 2004 to (April 1, 2005 to
March 31, 2005) March 31, 2006)
Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating revenues
Interest income
Dividend income
Equity in earnings of subsidiaries and associated companies
Gain on adjustment of royalty payable
Others
Non-operating expenses
Interest expense
Commission fee
Loss on investments in investment partnership
Others
Ordinary income
19th term
(as of March 31, (as of March 31,
2005)
2006)
89,783
52,361
37,422
28,771
8,650
644
12
10
525
14
80
236
157
25
24
28
9,058
*02: Prepaid expense and long-term
prepaid expense
As for the contract money for artists, etc.,
the cost is transacted according to the
contract period. Contract money for a
contract period that has not yet expired
and that can be calculated as cost within
one year is recorded as “Prepaid expense”,
and cost over one year is “Long-term
prepaid expense”.
*03: Advance royalty payments
The prepaid amount for the usage charge
of a master medium, or for royalties to an
artist, etc., is recorded.
19th term
March 31, 2005) March 31, 2006)
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
Impairment losses
Provision for allowance for business closing
Others
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Minority interests
Net income
*04: Accrued royalties
The prepaid amount for the usage charge
of a master medium, for which the charge
is accrued to a sold product/commodity, or
for royalties to an artist, etc., is recorded.
*05: Allowance for sales returns
To prepare for a loss from returned goods
in the future, the expected amount of
returned goods, which is calculated based
on the sales and actual rate of returned
goods in the past, is recorded.
831
498
293
39
2,669
176
710
769
770
243
2,592
4,582
(2,826)
—
836
177
79
91
6
1,002
30
148
34
777
12
8,232
5,190
(1,439)
2
4,478
*06: Allowance for closing of business
The expected amount for a loss due to the
closing of business in the future is
recorded.
*07: Borrowing status
Besides borrowing five billion yen for longterm operating funds, we borrowed 10
billion yen to acquire stock due to
business and capital tie-up. In addition, we
repaid a short-term loan of two billion yen
and purchase funds of three billion yen for
the HQ building.
Consolidated Statements of Cash Flows
18th term
19th term
18th term
March 31, 2005) March 31, 2006)
I Cash flow from operating activities
Income before income taxes and minority interests
Depreciation
Impairment losses
Increase (decrease) in allowance for bonus payment
Increase (decrease) in allowance for sales returns
Increase (decrease) allowance for loss on business closings
Interest and dividend income
Interest expenses
Equity in earnings of subsidiaries and associated companies
Gain on cash surrender value of insurance policies
Unrealized loss on investment securities
Gain on sale or redemption of investment securities
Loss on sales and disposition of fixed assets
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in advance payment
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued payable
Increase (decrease) in accrued royalties
Directors bonuses paid
Other-net
Subtotal
Interest and dividends received
Payment of interest
Income taxes paid
Net cash provided by (use in) operating activities
2,592
1,474
769
—
983
768
(38)
156
(306)
(293)
710
(498)
176
923
(85)
(246)
(342)
1,180
768
(251)
1,768
10,211
74
(157)
(4,260)
5,867
8,232
1,403
34
1,697
1,311
162
(23)
157
(525)
(91)
148
(79)
30
(6,794)
1,934
(1,671)
443
(44)
1,629
(258)
(782)
6,915
161
(150)
(3,476)
3,450
19th term
March 31, 2005) March 31, 2006)
II Cash flow from investing activities
Purchases of property and equipment
Proceeds from sale of property and equipment
Purchases of intangible fixed assets
Purchases of investment securities
Proceeds from sale of investment securitie
Proceeds from return of lease deposits
Purchases of subsidiary stock due to changes in the scope of consolidation
Proceeds from return of rserves for insurance
Other-net
Net cash provided by (use in) investing activities
III Cash flow from financing activities
Increase (decrease) in short-term borrowings-net
Proceeds from long-term loans
Repayment of long-term debt
Increase (decrease) in acquisition and sales of treasury stock
Dividends paid
Net cash provided by (use in) financing activities
IV Foreign currency translation adjustments on cash and cash equivalents
V Net 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 equivalent, end of period
(496)
298
(331)
(503)
1,090
251
(437)
879
(97)
653
(1,672)
24
(755)
(10,955)
1,388
19
0
589
(284)
(11,644)
1,987
—
(3,011)
(1,956)
(1,765)
(4,745)
(6)
1,769
3,539
7,999
5,000
(3,001)
(4)
(1,717)
8,275
46
128
5,357
48
5,357
—
5,486
Consolidated Performance
Operating Income/Ratio of Operating
Profit against Sales
Sales (Millions of Yen)
89,783
90,000
80,000
73,896
Ratio of Operating
Profit against Sales
Operating Income
(Millions of Yen)
75,418
10,000
70,000
9,000
60,000
8,000
9.6
9.5
6,000
8,650
7,015
Ordinary Income
(%)
7,000
50,000
Ordinary Income/Ordinary Income Rate
5.7
Ordinary Income Rate
(Millions of Yen)
10
10,000
9
9,000
8
8,000
7
7,000
6
6,000
(%)
10.1
9.6
10
9
9,058
7,124
8
7
5.9
6
40,000
5,000
5
5,000
30,000
4,000
4
4,000
3
3,000
2,000
2
2,000
2
10,000
1,000
1
1,000
1
0
0
0
0
17th term
18th term
19th term
Net Income/Current Net Income Ratio
Net Income
Current Net Income Ratio
(Millions of Yen)
5,000
4,269
3,000
20,000
5.0
4.9
5
18th term
19th term
Book Value per Share (BPS)
800
(%)
17th term
735.28
700
(Yen)
768.32
691.34
4,478
3,000
3,648
4
3
2
2,000
1.1
1
836
0
0
17th term
18th term
19th term
18th term
100
0
19th term
(Yen)
93.79
76.95
70
500
60
400
50
300
40
30
20
100
0
17th term
3
Net Income per Share
80
200
1,000
4
90
600
4,000
5
4,431
10.22
10
17th term
18th term
19th term
0
17th term
18th term
19th term
05
Domestic Artists
Domestic Ar t ists
M a i n
D o m e s t i c
A r t i s t s
(As of June 1, 2006)
Nanase Aikawa
Beni Arashiro
BoA
Chokesleeper
DELICATESSEN
06
Kumiko Aizawa
ARIA
Buzz72+
Clair
DJ EMMA
AKINA
ASIA ENGINEER
Hironari Amano
Namie Amuro
ASIAN2
Candy
COLOR
dream
BACK-ON
Caravan
CEYREN
C-999
BAZRA
Chen Hao
DA PUMP
Dt.
Yuko Ando
DELI
Every Little Thing
EXILE
Ayumi Hamasaki
GANGA ZUMBA
Miyuki Hatakeyama
Heartsdales
HITOE
hitomi
Nanase Hoshii
Janne Da Arc
Takuya Kanatsuki
Hiroki Kashiwagi
KIRITO
Syunsuke Kiyokiba
Tetsuya Kuwayama
Lambsey
globe
GIBIER du MARI
Kumi Koda
lecca
HINOI Team
hiro
Mariko Ide
Eriko Imai
Tsuyoshi Kawakami and His Moodmakers
Erina Koyama
LISA
Aiko Kayo
KUMIKO
Hiroki Maekawa
Taro Hakase
Tadashi Hirosawa
J
Seikyo Kim
Takehiro Kunugi – Abyss of Time
Mai
✭Please refer to the Avex entertainment portal site for details: http://avexnet.jp/
07
Domestic Artists
MAX
MAY
MINI✰BOX
mink
Alisa Mizuki
MISIA
Mayo Okamoto
Ossan
NATCHAN PEAK
m.o.v.e
Nesmith
Ai Okumura
m-flo
misono
Nao Nagasawa
PANG
Ataru Nakamura
245
NEVER LAND
OLIVIA
Miho Ozeki
MEGARYU
Missile Innovation
MONKEY MAJIK
Masae Nakada
08
m.c.A•T
Ari Onishi
PARADISE GO!! GO!!
MICRON' STUFF
Daichi Miura
Hiroko Nakamura
Non Chords
Ai Otsuka
PENICILLIN
O's
PULLTOP JUICE
RAM RIDER
RATHER UNIQUE
Rock-senti
Ricken's
Ryohei
Rin'
RYO the SKYWALKER
SEED
Sembello
Serina
SHAKKAZOMBIE
Hitomi Shimatani
sifow
SOFFet
Song For Memories
Ami Suzuki
Kunio Tago
Terry & Francisco
Katsunori Takahashi
The Little Bits
ROAD OF MAJOR
Yutaka Sado
Shibusashirazu
speena
Miwa Sasagawa
Akiko Shikata
Strobo
TENJOCHIKI
Hiroshi Tamaki
The Loose Dogs
Dong Bang Shin
Tokyo Pudding
09
Domestic Artists
Tackey & Tsubasa
Tokyo 60 WATTS
TOKYO SKA PARADISE ORCHESTRA
TRF
TRIPLANE
2BACKKA
Takako Uehara
Wu Ru Jun
✭
BOO BEE BENZ
10
M
a
A
Good Dog Happy Men
AAA
V6
Sayaka Yamamoto
mihimaru GT
a
t
Anna Tsuchiya
Vanilla Mood
Minako Yoshida
n
r
TRAX
Tourbillon
g
i
Tomiko Van
ZAN
e
s
plane
m
t
Masaya Wada
ZZ
e
n
t
s
SEAMO
Sentiline
International Artists
International Ar t ists
M a i n
I n t e r n a t i o n a l
A r t i s t s
Aaliyah
DA'VILLE
FILIPPA GIORDANO
JUNIOR SENIOR
SOUL CONTROL
ALY & AJ
ANTONY COSTA
Didier Squiban
DJ SAMMY
Futon
CLAZZIQUAI PROJECT
DOMINO
GTS
MARTY FRIEDMAN
STAIREO
NAILPIN
DAKOTA STAR
D-SIDE
Hilary Duff
NUAGE
SUGARCULT
Dave Rodgers
FATMAN SCOOP
Jesse McCartney
O-ZONE
sweetbox
FERRY CORSTEN (system F)
Johnny Panic
REI MASTROGIOVANNI
Tiësto
REGURGITATOR
YOJI BIOMEHANIKA
11
Entertainment/Sports
Entertainment/Sports
M a i n
C o n t r a c t
A r t i s t s / P l a y e r s
★
Entertainment
Hiroki Aiba
Hironari Amano
Eri Ishikawa
Kanna Ebisawa
ERICA
Mitsuki Oishi
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)
★
Sports
12
Topics
topics
“Aoki Okami—Chi Hate Umi
Tsukirumade” has finally started up!
We have implemented on-location shooting entirely in Mongolia for the
collaborative film, “Aoki Okami—Chi Hate Umi Tsukirumade” at a total
production cost of 3 billion yen. Depicting the life of Mongolian hero
Genghis Khan, this is an entertainment blockbuster on a magnificent scale.
It is scheduled for release on March 3, 2007 (coming to 350 select theaters
nationwide).
By the way, the role of “Klang”, Genghis Khan’s true love, is played by
Ara, 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
Ara, who plays the role of
“Klang”
Director: Shinichiro Sawai
Produced by: Haruki Kadokawa/Ryuhei Chiba
Original Story: Seiichi Morimura
“Chi Hate Umi Tsukirumade—A novel about Genghis
Khan (two volumes)”
(Haruki Pocketbook)
Distributed by: Shochiku
Appearances by: Takashi Sorimachi, Yusuke
Hirayama, Mayumi Wakamura, Rei Kikukawa, Ara,
Yoshihiko Hakamada, Kenichi Matsuyama, Masahiko
Tsugawa, Hiroki Matsukata, and others.
DVD of ‘<Initial> D THE
MOVIE’ was a smash hit!
Last summer, ‘<Initial> D’, a
monumental racing animation
boasting sales of 40 million
copies, whose live-action version
was said to be impossible, was
made into a complete live-action
movie version, and ranked No. 1 in
six Asian countries in the first
week! It won a big market in
Japan, too.
Furthermore, the DVD was
released in three fantastic styles
this February and reached an
impressive sales/rental figure of
250,000 sets in total.
C2005 Media Asia Films (BVI) Ltd. All Rights Reserved. Based on the
comic books and characters created by Shuichi Shigeno and first
published in Japan by Kodansha Ltd.
Hottest animated
cartoon works are
continuously
released!
‘Mushishi’, broadcast from last November to
this March, was nominated for the Tokyo
Anime Award—Tokyo International Anime
Fair 2006 Competition and was awarded “TV
Program Division, Top Title Award”, and sales
of the DVD series are favorable.
Furthermore, in February we released the
DVD series of ‘Saint Seiya, Meio, Part of
Hades, Former Chapter’, a monumental
animation, and the DVD is gaining in
popularity.
Mushishi
topics
‘Tokyo Friends—The Movie’
Nationwide premiere on August 12!
‘Tokyo Friends’, an original DVD drama released last year with
singer-songwriter Ai Otsuka starring for the first time, recorded
an exceptional smash hit. Its long-awaited film adaptation has
finally been decided, and will be premiering nationwide on
August 12 (Sat) at Marunouchi Piccadilly 2 and others! Ahead
of the film release, the DVD of ‘Tokyo Friends—The Movie,
Navigation Edition’ will be released on July 19.
DVD
‘<Initial> D THE MOVIE’
Standard edition
NOW ON SALE
AVBF-22497
¥3,990 (tax in)
Original work by: Syuichi Shigeno (currently serialized in “Young Magazine” by Kodansha
Ltd. Publishers)
Director: Andrew Lau/Alan Mak
Appearances by: Jay Chou, An Suzuki, Edison Chen, Shawn Yue
Distributed by: GAGA Communications Powered by HUMAX CINEMA
Offered by: GAGA Communications x Avex Entertainment
topics
At the press conference for the casting announcement
on May 9
“Saint Seiya, Meio,
Part of Hades,
Former Chapter”
topics
Director: Kozo Nagayama
Script: Rin Eto
Appearances by: Ai Otsuka, Rio Matsumoto, Yoko Maki, Mao
Kobayashi, Eita, and others
Title song: “Yumekui” by Ai Otsuka
Produced by: “Tokyo Friends—The Movie” Film Partners
Projected by: Avex Entertainment
Distributed by: Shochiku
©2006 ‘Tokyo Friends – The
Movie’ Film Partners
● Film, “Tokyo Friends—The Movie”
Title song: “Yumekui” by Ai Otsuka, On Sale August 2
CD: AVCD 31022 ¥1,050 (incl. tax)
CD + DVD: AVCD-31021/B ¥1,890 (incl. tax)
DVD
‘Tokyo Friends—The
Movie, Navigation
Edition’
● Music collection with which you can fully understand the
worldview of Tokyo Friends Includes four tunes recorded for the
first time on CD by Ai Otsuka
‘Tokyo Friends—The Movie, Music Collection’ on Sale August 23
CD+DVD: AVCF-22921/B ¥3,059 (incl. tax)
Super large-scaled
Korean works will
be deployed one
after another
A blockbuster drama with a record viewing
audience of 29.2% in Korea, “Sorry, I Love
You”, beating “Winter Sonata”, is aired on TV
Tokyo. Its complete version in a DVD box set is
scheduled for release on August 2.
In addition, the latest drama starring Bae
Yong Joon, “Tae Wang Sa Shin Gi”, is presently
being filmed and is expected to become so
popular a work that it might change the history
of drama in Korea. Its DVD box set is scheduled
for release in 2007 following the sound track
album by Jo Hisaishi.
Left: Bae Yong Joon
Right: Jo Hisaishi
“Sorry, I love you”
topics
07.19 On Sale
AVBF-22836
¥1,995 (tax in)
A film of Brian Jones,
co-founder of Rolling
Stones, is stunningly
released!
In the film ‘STONED: The Original Rolling Stone’, an appalling
chronicle of the glory, frustration and “suspicious death” of
Rolling Stones co-founder Brian Jones will be revealed for the
first time after more than 35 years! Coming to the Cine Quinto
and other theaters in July!
In addition, the DVD of
“The
Stones in the Park”, a
Film ‘STONED: The Original Rolling Stone’
tribute concert for Brian
Jones, will go on sale on
July 5, and so three tunes
that have been sealed for
37 years will be released
for the first time in the
world.
DVD “The Stones
in the Park”
Remastered version
The Rolling Stones
©Yuki Urushibara/
Kodansha Ltd. Publishers
“Mushishi” Production
Committee
©Masami Kurumada/
Shueisha, Inc./Toei
Animation
07.05 On Sale
AVBF-22866
¥3,150 (tax in)
©2005 KBS/KBS Media
13
Topics
topics
Online distribution site, “Mu-Mo®”,
utilizing Avex’s specialties
In “Mu-Mo®” (a mobile online distribution site whose services began sequentially
after June 15 last year), an online distribution service for PCs was also started, and
the site is increasing its membership by making the most of its characteristics as a
contents holder. For example, in addition to tunes with high sound quality, members
can also download tunes before the package release, obtain tunes limited to
download, such as “Get It On” by Kumi Koda (yet to be released in package), high
value-added tunes such as remix versions and tunes given other arrangements, etc.
And, we’re now airing TV-CM in conjunction with this service.
The “Chaku-Uta Full®” service, where members can download an entire tune to
his/her cell phone and set it as a ring tone, is now available for NTT DoCoMo in
addition to au, and we intend to continuously
provide a distinctive online distribution service
that utilizes AVEX’s specialties, and offer an
environment where many more of our
(Commonly used on
customers can enjoy their music regardless of
cell phones and PCs)
time or place.
★ Charge system
● ‘avex melo Mu-Mo’ site
Courses of ¥105/m and ¥315/m (incl. tax)
● ‘avex Uta Mu-Mo’ site
Courses of ¥315/m and ¥525/m (incl. tax)
● ‘avex Uta Full Mu-Mo’ site (available only for au and DoCoMo)
au: Course of ¥315/m (incl. tax)
DoCoMo: Courses of ¥315/m, ¥525/m, and ¥1,050/m (incl. tax)
★“Get It On” by Kumi Koda
A tune whose distribution is exclusively
limited to Mu-Mo
topics
topics
Skater Fumie
Suguri of AVEX
plays a very active
role!
Her CD is also
selling well!
Figure skater Fumie Suguri, whom AVEX has
supported since October 2005, created a great
deal of excitement by winning the All Japan
Championship and finishing in 4th place in the
Torino Olympics. She has also extended her
playing field to include TV, magazines, etc.
In March 2006, as the first collaboration
between the Sports Business Room and AVEX
ENTERTAINMENT INC., ‘MY FIGURE SKATING
ALBUM’ featuring Suguri Fumie on the jacket
was released, and it has become an exceptional
hit with respect to the compilation of classical
music.
From now on, in the sporting world,
regardless of genre, we will develop our
business in the way that only AVEX can do.
* After joining the site, points are granted every month according to
charges, and points can also be purchased when necessary (au and
vodafone only).
Moreover, points can be used at each site (point sharing).
* Some types of cell phones may not be compatible depending on the
service. Please be sure to check this at one of the sites.
* “Chaku-Uta®” and “Chaku-Uta Full®” are registered trademarks of Sony
Music Entertainment (Japan) Inc.
CD
“MY FIGURE SKATE ALBUM”
IOCD-20150
¥1,980 (tax in)
Merchandizing that pursues
entertainment
The merchandising business of AVEX NETWORK INC. involves developing commodities rich in variety
based on content created by the artists.
We have added the tint of entertainment to the selection and marketing method in EC by adopting a
deployment style for artists’ goods that differs from the conventional one, and it is gaining in
popularity as a sales venue where fans can truly enjoy themselves.
Blue Teddy
Maglite by Kumi Koda
LOVE figure key ring
Delivered
by “Tokyo
Pudding”
personally
shopping@RENA PC page
Strap by Ayumi Hamasaki and
ASH & DIAMONDS
14
Tokyo
Pudding
Taco chips by TVXQ!
topics
avex & EAST Inc. is born!
While the number of subscribers to broadband has increased
dramatically, the technology for visual content distribution through the
Internet is evolving not only for PCs but also for mobile terminals such
as cell phones. Reflecting such a situation, the digital visual content
distribution market using the Internet is expected to expand greatly,
and the free visual content distribution site based on the advertisement
model has already secured many viewers.
In this environment, EAST, which has a good track record and
excellent project/production ability in television, and the AVEX GROUP,
which has abundant content and high creative ability in entertainment,
decided that they could deal with the growing need for excellent visual
content in the future if they orchestrated truly excellent creators and
produced visual content according to the media characteristics.
Consequently, on March 3, 2006, they established avex & EAST Inc. as
a joint venture company.
We intend to supply attractive, high-quality visual content to
distributors, broadcasters, advertisers, and viewers, and aim at
promoting the evolution of digital media in the 21st century.
topics
topics
We can send forth talent
who takes an active role
in the entertainment
industry!
“AVEX PROWORKS” has
started operations
AVEX PLANNING & DEVELOPMENT INC. has started up
“AVEX PROWORKS”, which matches businesses with talent
who can take an active role in a wide range of fields mainly in
the entertainment industry.
The company will operate a manpower dispatching
business with two axes: “Talent work” that sends out
models/actors/dancers, etc., and “Regular work” that sends
out personnel for sales promotion and sales tasks, etc.
★avex proworks
https://pw.avex.co.jp/ (Commonly used on cell phones and PCs)
Scouting for new talent through
various auditions
In the 19th term, new artists are showing signs of being a hit. AAA made their debut
with “Blood on Fire”, which ranked 9th on the hit chart in the first week and the group
was awarded the Best New Artist Award at the Japan Record Awards. Mink’s prologue
album ‘mink’ has become a long hit.
After the next term, too, we will hold various auditions to scout a wide variety of new
artists.
★Main auditions
STARZ AUDITION
This audition is sponsored by the
rhythmzone label and concentrates on
music of the club genre.
a-motion ’06
This audition is held jointly with the USEN GROUP. It is carried out
at karaoke shops managed by the USEN GROUP. Male and female
vocalists/creators are recruited.
Actress Audition
This was the audition held by
Kadokawa Haruki Corporation and
the AVEX GROUP for the first time
as their collaborative project.
BAND CONTEST to commemorate the
release of Tokyo Friends—The Movie
This audition was held to recruit a band consisting of
women only or a band with a female vocalist(s) to
commemorate the release of the film, ‘Tokyo Friends—
The Movie’.
Popteen—AVEX “POP Model Audition”
This is the audition held by Kadokawa Haruki Corporation and the AVEX GROUP for the second time
as their collaborative project.
avex audition ’06
Sponsored by the AVEX GROUP, this is a
nationwide audition held to discover new
artists, dancers, models, etc.
15
Topics
topics
Contracts with newly
consignment labels should be
aggressively increased.
★11 new labels in FY2005
AVEX MARKETING COMMUNICATIONS INC. concluded contracts
with 11 new companies in FY2005 as a consignment business. We
have already concluded contracts with three companies in FY2006,
and are selling the goods of 31 companies in total. We will make
intensive efforts to expand our high value-added services in the
future.
★AOZORA RECORDS
★argus label
★ARTIMAGE RECORDS
★GIRLS' RECORD
Hitomi Yaida
Zach Ashton
Summer Snow Surprise
Hiroko Sato
★Climax Entertainment
TRIPLE-P
“Go my way”
“SUGAR & SPICE”
“Super Stereo”
“Can't Hide”
“To the End of the World!”
★GATE RECORDS
★573Records
★NITRICH
★NO BRAND
★BBMC
RIZE
Ukatrats FC
blackCOFFEEZ
Izumi Makoto
Boyz II Men
“SPIT & YELL”
“Win and Shine”
“SUGAR FREE”
“Rolling Rice with Egg”
“Winter/Reflections”
★S2S
“Cafe Lounge
Royal ICED LEMON TEA”
★DANGER CRUE RECORDS
★3 new labels in
FY2006
★MAGICAL
“‘RACE QUEEN SCRAMBLE 2’
Goddesses of Race Queens in 2005”
SID
“chapter 1”
★Yamaha Music Communications
Co., Ltd.
Miyuki Nakajima
“Are you doing well?”
topics
‘a-box’, a product limited to
mail order, has become a big
seller!
CD box ‘a-box’, which is limited to mail order distribution, is a
collection of tunes (including the hits that colored the ’90s to the
latest hits) only by artists who represent the music scene in Japan.
This set of four CDs with 60 of the greatest hits, like the ones that you
listened to on television, sang to on karaoke tape, listened to while
driving, etc. has
become a big seller in
spite of being limited to
mail order. We intend
to continue delivering
products developed
under various projects.
‘a-box~avex Best Hit Collection~’
A set of four CDs with booklet
(A total of 68 pages in full color/
Lyrics/Single printing of CD
jackets)
¥8,800 (incl. tax)
*Product limited to mail order
★Please refer to the product details at:
http://avexnet.or.jp/abox
16
topics
MiDEA INC. aims at a
comprehensive creative
house in project/
production of visual
content
MiDEA INC. was born from the business separation of former
TO MAX INC., a visual image production and planning
company, and started operations in January 2006 aiming at
comprehensive, creative, in-house planning and production of
visual content.
Our specialty is producing visual images using our high
creative ability in the field of promotional videos. We have
experience with work created by artists representing the AVEX
GROUP, such as Namie Amuro, Ayumi Hamasaki, etc., and
have received high praise for our superb handling of the jobs
for the artists and their music. In the field of CF, we have been
doing business with many clients, who have developed a solid
trust in us.
2,000 pairs/4,000 people will be invited to
“a-nation ’06 powered by Weider Jelly” by lot!
topics
‘a-nation’ is the country’s largest open-air festival
and has attracted more than 1.25 million people in
four years. This year again, the festival where
dazzling artists compete in performance will be
held at seven stages in five venues across the
nation.
Our shareholders will select 2,000 pairs/4,000
people by lot from among those who send in a
special subscription postcard (which will be sent
separately by us). Those selected will be invited to
attend this year’s ‘a-nation’. Please be careful as
the closing date for application varies according to
the festival venues.
This could be a good chance for you to
experience a live concert by AVEX artists!
TRF
hitomi
Every Little Thing
Ayumi Hamasaki
Kumi Koda
BoA
Ai Otsuka
ROAD OF MAJOR
Ami Suzuki
m-flo
Dong Bang Shin
T.M. Revolution
AAA
FLOW
mihimaru GT
★Outline of execution
Date
●
Venue
Number of invited persons
July 29 (Sat)
Niigata Pref.: Open-air, purposely-built stage at Echigo Hillside National Government Park
150 pairs/300 people
Aug. 5 (Sat)
Fukuoka Pref.: Open-air theater at Uminonakamichi Seaside Park
Aug. 12 (Sat) Aichi Pref.: Open-air, purposely-built stage at PORT MESSE NAGOYA
Aug. 19 (Sat) Hyogo Pref.: Stage north of Kobe Airport, Kobe Port Island (2nd-phase construction)
Aug. 20 (Sun) Hyogo Pref.: Stage north of Kobe Airport, Kobe Port Island (2nd-phase construction)
Aug. 26 (Sat) Tokyo: AJINOMOTO STADIUM
Aug. 27 (Sun) Tokyo: AJINOMOTO STADIUM
Opening/13:00, Starting/15:00, Ending/20:30 (20:00 in Niigata only)
* Show times may change. Please check beforehand. * Carried out in rain, but not in heavy weather
★‘a-nation’ home page
http://www.a-nation.net/ (Commonly used on cell
phones and PCs)
(When sending a blank e-mail to [email protected] by cell
phone, the URL will automatically be sent back to you.)
★Inquiries concerning invitations
Corporate Stock Section, Administrative/Personnel
Department, Group Management HQ
Toll-free number: 0120-39-8550
(Weekdays 10:00-18:00)
★Inquiries concerning concerts
‘a-nation’ Office, Tel. 0180-993-553
Answered by tape-recorded statement 24 hours/day
Not available with some types of cell phones, PHS, and
IP telephones)
★Performance-slated artists
TRF, hitomi, Every Little Thing, Ayumi Hamasaki, Kumi Koda, BoA, Ai Otsuka, ROAD OF MAJOR, Ami Suzuki, TVXQ!,
AAA, and more
★Surprise artists
m-flo, T.M.Revolution, FLOW, mihimaru GT
* The performance-slated artists may change. Please check beforehand. * The list of performance-slated artists varies according to performance date.
★Note
●You
can subscribe to this concert only once regardless of the number of shares you have.
●Please
be careful as the “Special subscription postcard” becomes invalid if there should be an incomplete form or a duplicate entry for the performance you want to attend, and so
on.
●For
the “Performance in Niigata” only, the subscription should be effective as long as the postcard arrives by July 10 (Mon), 2006 (closing date). As for the other performances, the
subscription should be effective as long as the postcard arrives by July 14 (Fri), 2006 (closing date).
●Invitation
cards will be sent out to the winners instead of making a public announcement.
17
Outline of Company
Company Outline
Information provided on our
home page
●Company information
(as of March 31, 2006)
●Company name
●Board of directors
●Headquarters
3-1-30 Minami-Aoyama, Minato-ku, Tokyo
107-8577
CEO
Masato Matsuura
Co-CEO
Ryuhei Chiba
Senior Executive
Director
Takashi Araki
http://www.avex.co.jp/
(as of June 25, 2006)
●Date of establishment
April 11, 1988
Refer to our home page for an outline of AVEX
GROUP HOLDINGS INC., information about the Group
companies, press releases, financial statements, etc.
Managing Director Toshio Kobayashi
●Capital
¥4,229.6 million
Managing Director Shinji Hayashi
Director
Hiroshi Inagaki
Director
Hajime Taniguchi
Note: Temporary employees are not included in the number of
employees.
Director
Katsuro Oshita
●Domestic consolidates subsidiaries
AVEX ENTERTAINMENT INC.
AVEX MARKETING COMMUNICATIONS INC.
AVEX NETWORK INC.
AVEX LIVE CREATIVE INC.
AVEX PLANNING & DEVELOPMENT INC.
AVEX MANAGEMENT SERVICE INC.
VELFARRE ENTERTAINMENT INC.
MiDEA INC.
Para.TV Inc.
Outside Director
Tadasu Ohe
Outside Director
Toru Arakawa
Outside Director
Shin Ushijima
Outside Director
Minoru Onozato
Outside Director
Nobuo Kawakami
Full-time Auditor
Shinkichi Iwata
Full-time Auditor
Kenji Nomura
Corporate Auditor
Toshiaki Katsushima
Corporate Auditor
Yoshiya Takahashi
●Number of employees
137 (1,056 employees within the AVEX GROUP)
●Consolidated foreign subsidiaries
AV EXPERIENCE AMERICA INC.
AVEX ASIA LIMITED
AVEX TAIWAN INC.
AVEX ASIA HOLDINGS LIMITED
Operating Officer
Kenzo Katakura
Operating Officer
Takahiro Miura
Operating Officer
Akihiro Terada
[Number of shareholders]
Domestic financial institutions
Domestic securities companies
Total 26,233
[Number of shares]
1
0.00%
70
0.27%
38
0.14%
Domestic corporations
176
0.67%
Foreign investors
128
0.49%
25,820
98.43%
Hokkaido region
[Number of shareholders by region]
Total 26,233
341 1.30%
Tohoku
region
Overseas
116 0.44%
569 2.17%
1,216 4.64%
Kanto region
Chubu region
Japanese individuals and others
3,211,333
6.96%
12,246,494
26.53%
621,780
1.35%
Domestic corporations
7,385,428
16.00%
Foreign investors
7,111,143
15.41%
15,581,632
33.76%
Treasury stock
Domestic financial institutions
Domestic securities companies
Total 46,157,810
shares
Artist information, such as AVEX artists’
homepages, online distribution, etc.
(As of June 25, 2006)
Treasury stock
Artist information
http://www.avexnet.jp/
●Operating officers
●Associated companies
Label Mobile Inc.
Memory-Tech Corporation
EL CAMINO REAL Inc.
avex & EAST Inc.
DWANGO Co., Ltd.
Distribution of Shareholding
●
Japanese individuals and others
ART DIRECTION & DESIGN Masaki Maekawa Design Office PRINTING TAKARA PRINTING CO.,LTD.
1,050 4.00%
Chugoku
region
Kyushu
region
Kinki
region
13,900 52.99%
Shikoku
region
4,728 18.02%
3,764 14.35%
549 2.09%
©AVEX GROUP HOLDINGS INC.
important information
Dividends to shareholders
Our Group pays dividends to our shareholders with the belief that “Executing longterm and overall profit reduction for them” is one of the most important management
purposes of the Group.
Dividend amount per share Total amount of dividends Dividend payout ratio (consolidated)
17th term
40 yen
1,766,018,360 yen
52.0%
18th term
40 yen
1,741,945,840 yen
391.4%
19th term
40 yen
1,717,879,000 yen
42.6%
* We set as the dividend payout ratio the percentage gained by the formula = Dividend amount per share/
Current net profit per share.
Top Ten Shareholders
Shareholder’s name
Number of shares
USEN CORPORATION
Percentage of
total shares
4,631,700 shares
10.83%
Japan Trustee Services Bank, Ltd. (Trust account) 4,130,600 shares
9.65%
The Master Trust Bank of Japan, Ltd. (Trust account) 2,449,800 shares
5.72%
Masato Matsuura
2,235,924 shares
5.22%
Toshio Kobayashi
2,235,918 shares
5.22%
Designated independent money trust, Mitsui Asset
Trust and Banking Co., Ltd., Trust Account 1
1,367,400 shares
3.19%
MAX 2000 INC.
1,150,000 shares
2.68%
T’S CAPITAL INC.
1,150,000 shares
2.68%
Goldman Sachs International
1,149,075 shares
2.68%
768,350 shares
1.79%
Ryuhei Chiba
Notes:
1. In addition to the above table, there are 3,211,333 (6.95%) treasury shares 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.
3. Of the shares held by Ryuhei Chiba, 632,100 shares are pledged by USEN CORPORATION.
Share Information
Authorized number of shares
184,631,000 shares
Number of shares outstanding
46,157,810 shares
One unit of shares
100 shares
Note: The Company owns 3,211,333 treasury shares, and the number of outstanding shares (excluding
treasury shares) is 42,946,477.
Important information for
AVEX shareholders
Please check and confirm the address to
which our mail articles should be delivered
Cases where our mail articles sent to shareholders cannot be delivered due to “New address
is unknown” or “Incomplete address”, etc., are
occurring frequently. As certain procedures must
be followed when you move or your residence
indication (town’s name or block number)
changes, please contact the administrator of the
shareholders list described below. We will send
you the form for the procedure.
If you do not contact us, we will not be able to
deliver important information concerning
dividends, etc.
Please take care of
this matter as soon
as possible.
If you use the
Japan Securities
Depository Center,
please apply to the
securities
company with
which you have
© avex
made your deposit.
network
You can sell us your odd stock
(share certificate of less than 100 shares)
For odd stock (un-issued share certificate of less
than 100 shares), we provide a system with
which you can sell it at the market price
(Purchase claim system for odd stock). The
procedure is simple; please contact the
administrator of the shareholders list described
below if you wish to sell. We will inform you of
the details including the content of the
procedure, etc.
If you use the Japan Securities Depository
Center, please apply to the securities company
with which you have made your deposit.
If you wish to report a change such as
address, stamp, name, etc., or take a procedure
concerning a purchase claim for odd stock or
make a claim for the registration of share
transfers, etc., these matters can be transacted at
the reception desk at HQ or at branches of
Mitsubishi UFJ Trust and Banking.
Inquiries about administration of shares
should be made at:
Number of Shareholders
March 2002
March 2003
March 2004
March 2005
March 2006
Toll-free
0120-244-479 [Tokyo]
0120-684-479 [Osaka]
17,103
18,961
21,217
25,677
26,233
http://www.tr.mufg.jp/daikou/
(Also available on the Internet 24 hours/day)
Security Trading Department, Mitsubishi UFJ
Trust and Banking Corp.
7-10-11, Higashisuna, Koto-ku, Tokyo 137-8081
19
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http://www.tr.mufg.jp/daikou/
avex URL:
avex
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avexshare
avex
avextransfer)
(Immediate
locations
ownership
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avex
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avex Branches
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of Mitsubishi
UFJavex
Trust and
Bankingavex
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Stock exchange
where Avex
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First Section
of Tokyo
Stock
Exchange
(Code
No. 7860)
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avex
avex
avex
avex ●avex
avex
avex information
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URL where
shareholder
is posted
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avex (Shareholder
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informationavex
is posted in
the Nihonavex
Keizai Shimbun
newspaper
in the event
of accidents
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other unavoidable
make on-line
notification
impossible.)
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● Inquiries
this booklet
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avex AVEX
avex
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avexINC.
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GROUP
HOLDINGS
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Corporate
Stock
Section,
Administrative/Personnel
Group
Management
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avex Toll-free
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avex avex avex (Weekdays
ex avex0120-39-8550
avex avex avex10:00-18:00)
avex
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. 19th Annual Business Report

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