Avex Inc. Provides Dividend Forecast for the Year Ending March 31, 2019; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
February 25, 2019 at 01:00 am EST
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Avex Inc. provided dividend forecast for the year ending March 31, 2019. For the period, the company forecasts dividend of JPY 25 per share against JPY 25 per share paid for the year ended March 31, 2018.
The company reported consolidated earnings results for the nine months ended December 31, 2018. For the nine months, the company reported net sales of JPY 122,621 million against JPY 121,075 million a year ago. Operating income was JPY 5,952 million against JPY 4,651 million a year ago. Net income was JPY 2,910 million or JPY 56.01 per share against JPY 2,665 million or JPY 49.05 per share a year ago. Diluted net income per share was JPY 55.84 against JPY 48.81 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2019. For the year, the company expects operating income of JPY 7,000 million and profit attributable to owners of parent of JPY 2,650 million or JPY 61.36 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. Provides Dividend Forecast for the Year Ending March 31, 2019; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
AVEX INC. 
