Avex Inc. Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2020; Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020
August 22, 2019 at 04:00 am EDT
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Avex Inc. provided dividend guidance for the second quarter and full year ending March 31, 2020. For the quarter, the company expects to pay dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago.
For the year, the company expects to pay dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago.
The company announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported Net Sales were ¥29,028 million against ¥32,276 million a year ago. Operating income was ¥366 million against ¥155 million a year ago. Ordinary income was ¥121 million against ¥242 million a year ago. Loss attributable to owners of parent was ¥348 million against ¥145 million a year ago. Net loss per share was ¥8.04 against ¥3.37 a year ago.
The company provides earnings forecast for the year ending March 31, 2020. The company forecast Operating income of ¥7,200 million. Profit attributable to owners of parent of ¥2,800 million. Net income per share of ¥64.57.
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 Guidance for the Second Quarter and Full Year Ending March 31, 2020; Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020
AVEX INC. 
