エイベックス・グループ・ホールディングス株式会社
Fiscal year ended March 2009
AVEX GROUP HOLDINGS INC.
Highlights of ConsolidatedFinancial Results
FY ended March 2009
Consolidated business results
Fiscal year ended March 2009

エイベックス・グループ・ホールディングス株式会社
©2009 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
FY ended March 2009
Digest of consolidated financial results
Previous
term
Current
term
Change
Forecast
Difference
Sales
1,046
1,178
+131
1,179
-0
Operating income
85
64
-20
85
-20
Operating income
margin
8.1%
5.5%
-2.6%
7.2%
-1.7%
Ordinary income
70
47
-23
70
-22
Net income
9
-9
-18
30
-39
Sales rose 12.6% year on year (up13.1 billion yen)
Sales rose 12.6% year on year (up13.1 billion yen)
In particular, sales in the PC Business climbed 8.8% (up 4.8 billion yen).
Sales in the NC business increased 16.9% (up 4.4 billion yen).
However, an increase in the cost of sales, higher SG&A expenses, the write-down
of investment securities and other factors resulted in a net loss of 900 million yen.
©2009 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
FY ended March 2009
Summary of consolidated financial results
Total sales increased 13.1 billion
yen
, reflecting a rise in revenue
from the Company’s own video
labels in the PC business, an
increase in revenue from online
distribution business in the NC
business, and growth in rental
income in the CC business. However, with lower gross profit
margins and higher SG&A
expenses primarily due to rising
sales promotion and advertising
expenses and expenses to
celebrate the Company’s 20
th
anniversary, operating income
was 6.4 billion yen (
down 2 billion
yen
year on year).
85
1,179
1,178
1,046
85
64
39.5%
36.3% 37.6%
0
200
400
600
800
1,000
1,200
1,400
Previous term
Current term
Forecast
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
©2009 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
Forecast
Sales
External
Sales
Sales
External
Sales
Change in
sales
Change in
external
sales
Sales
External
Sales
Difference
in Sales
Difference in External
Sales
CC
548
140
488
123
+60
+17
612
151
-63
-10
PC
604
592
546
544
+58
+48
604
592
+0
+0
NC
336
307
275
262
+60
+44
319
309
+17
-1
LC
132
112
105
91
+27
+20
106
99
+26
+13
Others
42
25
40
24
+1
+0
43
28
-0
-2
Total
1,664
1,178
1,455
1,046
+208
+131
1,684
1,179
-19
-0
FY ended March 2009
Consolidated sales by business segment
©2009 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
Forecast
Change
Difference
CC
-8
28
-37
28
-36
PC
20
10
+10
17
+3
NC
48
32
+15
37
+11
LC
3
2
+1
2
+1
Others
5
5
-0
3
+2
Total
69
79
-10
87
-17
Elimination
and corporate
-4
5
-10
-2
-2
Total
64
85
-20
85
-20
-10
0
10
20
30
40
50
CC
PC
NC
LC
Others
Elimination
and
corporate
Previous term
Current term
Forecast
FY ended March 2009
Consolidated operating income by business segment

エイベックス・グループ・ホールディングス株式会社
©2009 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
85
-37
+10
+15
+1
-0
-10
64
40
50
60
70
80
90
Previous term
CC
PC
NC
LC
Others
Elimination and
corporate
Current term
FY ended March 2009
Increase/decrease factors of consolidated operating income (vs. same period last year)
Effect of changes
in sales
+29
+10
+21
+2
+0
+65
Effect of changes
in cost rates
-37
-8
-4
-0
-1
+2
-51
Effect of changes
in SG&A expenses
-29
+8
-0
-0
+0
-12
-34
Total
85
-37
+10
+15
+1
-0
-10
64
-20
Total
change
©2009 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
85
-36
+3
+11
+1
+2
-2
64
40
50
60
70
80
90
Forecas t
CC
PC
N C
LC
Others
Elim ination
and
corporate
Current term
FY ended March 2009
Increase/decrease factors of consolidated operating income
(compared with forecast)
Effect of changes
in sales
-28
+0
+6
+2
-0
-20
Effect of changes
in cost rates
-14
+4
-2
+0
+3
+13
+4
Effect of changes
in SG&A expenses
+6
-0
+7
-1
-0
-16
-4
Total
85
-36
+3
+11
+1
+2
-2
64
-20
Total
difference

エイベックス・グループ・ホールディングス株式会社
©2009 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
4Q cumulative
Previous
term
Current
term
Change
Percentage
change
Forecast
Difference
Percentage
change
Sales
1,046
1,178
+131
+12.6%
1,179
-0
-0.1%
Cost of sales
633
750
+117
+18.5%
736
+14
+2.0%
Gross profit
413
427
+14
+3.5%
443
-15
-3.5%
Gross profit margin
39.5%
36.3%
-3.2%
-
37.6%
-1.3%
-
Personnel costs
103
103
+0
+0.2%
106
-2
-2.2%
Sales promotion and advertising expenses
122
141
+19
+15.9%
135
+6
+5.0%
General expenses
102
117
+15
+14.9%
117
+0
+0.4%
Total SG&A expenses
328
362
+34
+10.6%
358
+4
+1.4%
Operating income
85
64
-20
-23.9%
85
-20
-23.8%
Operating income margin
8.1%
5.5%
-2.6%
-
7.2%
-1.7%
-
FY ended March 2009
Consolidated comparative income statement
©2009 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
FY ended March 2009
Consolidated results-1
754
897
1,0161,046
1,178
0
200
400
600
800
1000
1200
March
2005
March
2006
March
2007
March
2008
March
2009
Sales
42
86
86
85
64
0
10
20
30
40
50
60
70
80
90
March
2005
March
2006
March
2007
March
2008
March
2009
Operating income