March 30, 2009
Date of Establishment of Joint Venture Announced
Avec Group Holdings Inc. announces decisions on the date of establishment and officers of the joint venture (called Avex Broadcasting & Communications Inc., or ABC, a second-level subsidiary of the Company)described in the “Notice Concerning Establishment of Joint Venture” of September 30, 2008 and the “NoticeConcerning Change of Date of Establishment of Joint Venture” of February 10, 2009. Details are as follows:
1. Profile of ABC
(1)
Business name
Avex Broadcasting & Communications Inc.
(2)
Representatives
Chairman Masato MatsuuraPresident Ryuhei Chiba
(3)
Address of head office
3-1-30, Minami-Aoyama, Minato-ku, Tokyo)
(4)
Date of establishment
April 10, 2009 (The date for the anniversary of its foundation will be
April 11.)
(5)
Main businesses
Member-only video delivery for mobile phones, rights business
(6)
Fiscal year end
March
(7)
Capital, capital reserve
Capital: 3.5 billion yen; capital reserve: 3.5 billion yen
(8)
Constitution of shareholders
Avex Entertainment Inc. (AEI) 70%NTT DOCOMO INC. (DOCOMO) 30%
2. Officers of ABC
Name
Title [concurrent main title(s)]
Masato Matsuura Chairman [CEO of the Company, President of AEI]
Ryuhei Chiba
President [Co-CEO of the Company, Vice President of AEI]
Shinji Hayashi
Managing Director [CIO, Senior Managing Director of the Company, SeniorManaging Director of AEI]
Masaomi Takagi
Managing Director [Managing Director of AEI]
Akira Akutsu
Managing Director [Managing Director of AEI]
Hidemi Arasaki
Managing Director [Managing Director of AEI]
Hiroyasu Asami
Managing Director (part-time) [Director, Consumer Service Department ofDOCOMO]
Yoshiaki Maeda
Managing Director (part-time) [Director in charge of Internet services, ConsumerServices Department of DOCOMO]
Yuka Harada
Managing Director (part-time) [Director in charge of content, Consumer ServicesDepartment of DOCOMO]
Shinkichi Iwata
Auditor [Full-time Auditor of the Company]
Kenji Nomura
Auditor [Full-time Auditor of the Company]
3. Other officer
Name
Title [concurrent main title]
Toru Kenjo
Senior Advisor [President of Gentosha Inc.]
* This appointment will be made by resolution of the Board Directors at a meeting to be held after ABC is
established.
4. Schedule
April 10, 2009 ABC establishedMay 1, 2009 ABC commences new service (plan)
[Logo of the new service, BeeTV]
5. Business plan of ABC
(Units: million yen & 10,000 people)
6. Outlook
The effect of the establishment of ABC on the consolidated results of Avex Group Holdings in the fiscal year
ending March 2009 is marginal, while the effect on the consolidated results in the fiscal year ending March2010 is now being scrutinized and will be disclosed at the time of the announcement of the Financial Summaryfor the fiscal year ending March 2009, scheduled for mid-May.
Contact: Avex Group Holdings Inc.Investors & Public Relations Room+81-3-5413-8508
1st term
(March 2010)
2nd term
(March 2011)
3rd term
(March 2012)
4th term
(March 2013)
5th term
(March 2014)
Sales
2,303
5,650
11,398
14,874
14,873
Operating income
-4,396
-198
3,573
4,681
4,689
Ordinary income
-4,396
-198
3,573
4,681
4,689
Net income (loss)
-4,396
-198
3,508
3,217
2,813
Membership at
end of term
77
163
346
350
350
