エイベックス・グループ・ホールディングス株式会社
AVEX GROUP HOLDINGS INC.
Highlights of ConsolidatedFinancial Results
First three quarters of
fiscal year ending March 2010
FY ending March 2010
Consolidated business results
First three quarters of
fiscal year ending March 2010

エイベックス・グループ・ホールディングス株式会社
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
3
First three quarters
Digest of consolidated financial results
Previous term
Current term
Change
Sales
833
883
+50
Operating income
58
51
-7
Operating income margin
7.0%
5.8%
-1.2%
Ordinary income
43
39
-3
Net income
14
12
-2
Sales declined in the PC Business,
Sales declined in the PC Business,
but rose in the CC and NC Business. As a result,
but rose in the CC and NC Business. As a result,
Sales were 88.3 billion yen (up 6.1% year on year)
Sales were 88.3 billion yen (up 6.1% year on year)
Operating income stood at 5.1 billion yen,
down 12.1% year on year,
reflecting an increase in
sales promotion and advertising expenses for new businesses.
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
4
First three quarters
Summary of consolidated financial results
Overall sales
increased 5.0
billion yen,
thanks to an increase
in box office revenue due to the release of blockbuster films and the steady performance of production businesses, such as merchandising, e-commerce and live performances. Operating income stood at 5.1 billion yen (
down 0.7 billion yen
year on year), primarily because of sales promotion and advertising expenses for online subscription video distribution for mobile phones, a new business.
833
883
51
58
35.7%
35.8%
0
100
200
300
400
500
600
700
800
900
1000
Previous term Current term
Sales
Operating income
Gross profit margin

エイベックス・グループ・ホールディングス株式会社
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
5
Current term*
Previous term
Sales
External
Sales
Sales
External
Sales
Change in sales
Change
in
external
sales
CC
422
132
369
80
+53
+51
PC
357
340
416
410
-58
-70
NC
280
269
243
223
+36
+45
LC
135
123
114
99
+21
+24
Others
28
18
31
18
-2
-0
Total
1,224
883
1,175
833
+49
+50
First three quarters
Consolidated sales by business segment
* Considering the evolving market environment and changes in the roles and operations of Group companies,
royalties on master recordings among Group companies were reviewed in the current fiscal year. This does not have an impact on consolidated sales.
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
6
Operating income
Current
term*
Previous
term
Change
CC
1
3
-1
PC
-1
13
-14
NC
24
34
-10
LC
5
4
+1
Others
3
4
-0
Total
34
60
-26
Elimination
and corporate
16
-2
+19
Total
51
58
-7
-5
0
5
10
15
20
25
30
35
CC
PC
NC
LC
OthersElimination
and
corporate
Previous term
Current term
First three quarters
Consolidated operating income by business segment
* Considering the evolving market environment and changes in the roles and operations of Group companies, royalties
on master recordings among Group companies and Group management fees (GMF) were reviewed in the current fiscal year. This does not have an impact on consolidated operating income.

エイベックス・グループ・ホールディングス株式会社
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
7
58
-1
-14
-10
+1
-0
+19
51
0
10
20
30
40
50
60
70
Previous
term
C C
PC
NC
LC
Others Elimination
and
corporate
C urrent
term
First three quarters
Increase/decrease factors of consolidated operating income (vs. same period last year)
Effect of changesin sales
+23
-10
+12
+2
-0
+27
Effect of changesin cost rates
-6
-2
-11
+0
-0
+11
-9
Effect of changesin SG&A expenses
-18
-1
-11
-1
+0
+7
-24
Total
58
-1
-14
-10
+1
-0
+19
51
-7
Total
change
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
8
First three quarters
Previous
term
Current
term
Change
Percentage
change
Sales
833
883
+50
+6.1%
Cost of sales
535
568
+33
+6.2%
Gross profit
298
315
+17
+5.9%
Gross profit margin
35.8%
35.7%
-0.1%
-
Personnel costs
69
68
-0
-0.3%
Sales promotion and
advertising expenses
85
112
+27
+31.5%
General expenses
84
82
-2
-2.5%
Total SG&A expenses
239
264
+24
+10.3%
Operating income
58
51
-7
-12.1%
Operating income margin
7.0%
5.8%
-1.2%
-
First three quarters
Consolidated comparative income statement

エイベックス・グループ・ホールディングス株式会社
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
9
First three quarters
Consolidated results-1
578
669 715
833 883
0
100
200
300
400
500
600
700
800
900
March
2006
March
2008
March
2010
Sales
43
42
42
58
51
0
10
20
30
40
50
60
March
2006
March
2008
March
2010
Operating income
© avex group holdings, Inc.
All Right Reserved
All figures, if not otherwise indicated, are expressed in units of 100million yen. (Amounts of less than 100 million yen are truncated.)
10
First three quarters
Consolidated results-2
76
47
63
82
55
66
85
63
72
85
69
84
112
68
82
0
50
100
150
200
250
300
March
2006
March
2008
March
2010
SG&A expenses
Advertising expenses
Personnel costs
General expenses
Profit margins
35.7%
35.8%
36.9%
39.8%
36.9%
5.8%
7.0%
5.9%
6.4%
7.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
March
2006
March
2007
March
2008
March
2009
March
2010
Gross profit marginOperating income margin