Avex Inc. Announces Second Quarter Dividend, Payable on December 5, 2019; Provides Dividend Guidance for the Year Ending March 31, 2020; Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
November 27, 2019 at 09:00 pm EST
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Avex Inc. announced dividend of JPY 25.00 per share for the six months ended September 30, 2019. Scheduled date for commencement of dividend payments on December 5, 2019.
For the year ending March 31, 2020 the company expects dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago.
The company reported consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of JPY 61,189 million against JPY 83,012 million a year ago. Operating loss was JPY 688 million against income of JPY 3,712 million a year ago. Net loss was JPY 1,426 million or JPY 40.60 per share against income of JPY 1,918 million or JPY 36.75 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects operating income of JPY 7,200 million and profit attributable to owners of parent of JPY 2,800 million or JPY 64.47 per share.
AVEX Inc., formerly AVEX GROUP HOLDINGS INC., is a Japan-based holding company that operates in four business segments. The Music segment is engaged in the design, production and sale of music contents, the music distribution and publishing businesses, the management of artist talents, merchandising business, the operation of fan clubs, as well as the plan, production and operation of concert events. The Animation segment is engaged in the distribution of images, the design, production and sale of image contents, as well as the movie distribution businesses. The Digital segment is enagegd in the planning, production, sales and distribution of digital contents. The Overseas segment is engaged in the planning, production and sales of entertainment contents. The company also conducts venture investment business.
Avex Inc. Announces Second Quarter Dividend, Payable on December 5, 2019; Provides Dividend Guidance for the Year Ending March 31, 2020; Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
AVEX INC. 
