November 12, 2008
Partial Revision of “Highlights of Consolidated Financial Results for First Half of Fiscal Year Ending March 2009”
associated with the Revision of Consolidated Financial Summary for the First Half of the Year Ending March 31, 2009

Avex Group Holdings Inc. announced today that in association with the revision of consolidated financial results for the first
half of the year ending March 31, 2009 as explained in “Partial Revision of Consolidated Financial Summary for the First
Half of the Year Ending March 31, 2009 (including revisions and revised data),” which was separately announced today, the
Company revised the “Highlights of Consolidated Financial Results for First Half of Fiscal Year ending March 2009” which
was published on November 7, 2008. Details are as follows: 1. Reasons for the Revision
As Dwango Co., Ltd. (“Dwango”), an equity-method affiliate, announced the “Reversal of Deferred Tax Assets and
Revision of Results Forecast for the Year Ended September 30, 2008 (Consolidated and Non-Consolidated)” on November 12,
2008, the Company has revised its operating results for the first half of the year ending March 31, 2009, based on the details of
the revision of results by Dwango.
The Company will not revise the full-year consolidated results forecast for the year ending March 31, 2009 which it
announced on September 30, 2008.

2. Details of the Revision (the revised sections are enclosed by the red line)
○ Page 3
First-half digest of consolidated financial results
[Before revision]

[After revision]
Contact: Avex Group Holdings Inc.
Investors & Public Relations Room
+81-3-5413-8508