Avex Inc.TSE: 7860

Q2 Results of March 2022

· Issued by Avex Inc.

Avex Inc.

Earnings Results for FY 2021 Q2 (Fiscal year ending March 31st, 2022)

November 4th, 2021

Table of Contents

■ Financial Highlights

Topics of FY 2021 Q2

Net Sales Results by Segment

Operating Income Results by Segment

Net Income Attributable to Owners of Parent

■ Consolidated Results

Consolidated Income Statement

Consolidated Balance Sheet

Consolidated Cash Flow Statement

■ Results by Segment

Music Business

Anime & Visual Content Business

Digital Platform Business

Other Businesses

  • Regarding the FY 2021 Consolidated Financial Forecast
  • [Reference] Highlights of FY 2021 Q2 and from FY 2021 Q3 Highlights of FY 2021 Q2
    Highlights from FY 2021 Q3

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©2021 Avex Inc.

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Financial Highlights

©2021 Avex Inc.

2

Financial Highlights - Topics of FY 2021 Q2

Net sales and Operating income increased primarily

due to the reduced impact from COVID-19, contributing to an

increase in sales from Music Business

(billions of yen)

FY 2020 Q2

FY 2021 Q2

YoY

rate

Net Sales

34.2

46.3

+12.0

+35.1%

Operating Income

-2.2

2.6

+4.8

-

Net Income Attributable

-3.2

1.6

+4.9

-

to Owners of Parent

©2021 Avex Inc.

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Financial Highlights - Net Sales Results by Segment

Net Sales increased by 12.0 billion yen (35.1%) primarily due to increase in number of sales in Music Packages and sales from Live Concerts/Events for Music Business

Net Sales by Segment

(billions of yen)

FY 2020

FY 2021

YoY

rate

Q2

Q2

Music

18.3

31.7

+13.3

+72.3%

Anime

4.8

4.8

-0.0

-0.7%

& Visual Content

Digital Platform

11.9

11.7

-0.1

-1.6%

Others

2.7

3.9

+1.2

+44.6%

Adjustment

-3.6

-5.9

-2.2

-

Total

34.2

46.3

+12.0

+35.1%

©2021

Avex Inc.

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