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Avex Group Holdings Inc (7860.T)

7860.T on Tokyo Stock Exchange

1,631JPY
24 Mar 2017
Change (% chg)

¥22 (+1.37%)
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¥1,609
Open
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¥1,648
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¥1,622
Volume
119,400
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¥1,823
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Latest Key Developments (Source: Significant Developments)

Avex Group Holdings announces reorganization in co and units
Thursday, 23 Feb 2017 01:22am EST 

Avex Group Holdings Inc <7860.T> : Says co plans to transfer management related business in co and co's four wholly owned units (AMC, AVI, ASI and APD) to its wholly owned Tokyo-based unit Avex Management Inc (AMG), effective on April 1 . Says co plans to transfer music related business in co and co's five wholly owned units (AVI, ASI, APD, ALC and ANC) to its wholly owned Tokyo-based unit avex music creative Inc(AMC), effective on April 1 . Co's wholly owned unit avex digital Inc (ADG) plans to merge with its wholly owned unit (UULA), on April 1 .Says the unit UULA will be dissolved after the transaction.  Full Article

Avex Group Holdings to set up unit AVEX TRAVEL CREATIVE INC in Tokyo
Friday, 10 Jun 2016 02:07am EDT 

Avex Group Holdings <7860.T>:Says it will set up a wholly owned unit AVEX TRAVEL CREATIVE INC in Tokyo, on June 10.  Full Article

Avex Group Holdings to set up units in US
Tuesday, 7 Jun 2016 04:30am EDT 

Avex Group Holdings Inc <7860.T> : Says it plans to set up a wholly owned subsidiary Avex International Holding Corporation in US as the interim holding company to manage business companies .Says it plans to set up a second-tier subsidiary Avex International Inc. wholly owned by Avex International Holding Corporation in US to be engaged in all-round business relating to entertainment.  Full Article

Avex Group Holdings subsidiary to set up new joint venture with Yahoo Japan Corp
Wednesday, 11 May 2016 02:31am EDT 

Avex Group Holdings Inc <7860.T> : Says its wholly owned subsidiary will establish a new joint venture with Yahoo Japan Corp <4689.T> . Says the new joint venture will be engaged in the ticket sales service business in Tokyo, Japan . Says the new joint venture will be capitalized at 490 million yen in all . Says the subsidiary and Yahoo Japan Corp will hold 49 percentage and 51 percentage stakes in the joint venture, respectively .Says effective date May 16.  Full Article

Avex Group Holdings announces resignation of CFO
Wednesday, 11 May 2016 02:27am EDT 

Avex Group Holdings Inc <7860.T>: Says Shigekazu Takeuchi will resign from the position of Chief Financial Officer .Says effective date June 24.  Full Article

AVEX GROUP HOLDINGS subsidiary to fully acquire 60 pct owned sub-subsidiary and expects extraordinary profit for FY 2016
Monday, 28 Mar 2016 02:00am EDT 

AVEX GROUP HOLDINGS INC:Says its wholly owned subsidiary will purchase 2,600 additional shares of a sub-subsidiary, which has been engaged in music and film distribution business in Tokyo, Japan.Effective date March 31.After the transaction, the subsidiary will hold 100 pct stake (6,500 shares) in the sub-subsidiary, up from 60 pct (3,900 shares).Expects to record 2 billion yen contract cancellation money as extraordinary profit for the fiscal year ending March 2016.  Full Article

AVEX GROUP HOLDINGS raises consolidated full-year outlook for FY 2016
Monday, 28 Mar 2016 02:00am EDT 

AVEX GROUP HOLDINGS INC:Says the company increased the consolidated full-year outlook for revenue to 154,000 million yen from 151,000 million yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 6,800 million yen from 4,200 million yen.Ordinary profit forecast increased to 5,500 million yen from 2,700 million yen.Net profit forecast increased to 4,200 million yen from 600 million yen.Earnings per share increased to 97.72 yen from 13.97 yen.Comments that recording of extraordinary profit and increased sales of main business are the main reasons for the forecast.  Full Article

AVEX GROUP HOLDINGS lowers consolidated mid-year and full-year outlook for FY 2016
Wednesday, 28 Oct 2015 02:00am EDT 

AVEX GROUP HOLDINGS INC:Says the company lowered the consolidated mid-year outlook for revenue to 68,600 mln yen from 77,809 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 1,400 mln yen from 3,561 mln yen.Sees a decrease of ordinary profit forecast to 200 mln yen from 2,422 mln yen.Sees a decrease of net profit forecast to a loss of 300 mln yen from 737 mln yen.Sees a decrease of earnings per share to a loss of 6.97 yen from 17.12 yen.Says the company lowered the consolidated full-year outlook for revenue to 151,000 mln yen from 163,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 4,200 mln yen from 11,000 mln yen.Sees a decrease of ordinary profit forecast to 2,700 mln yen from 9,700 mln yen.Sees a decrease of net profit forecast to 600 mln yen from 4,300 mln yen.Sees a decrease of earnings per share to 13.97 yen from 100.17 yen.Comments the delay of sales in music business, decreased membership and increased cost in video business are the main reasons for the forecast.  Full Article

AVEX GROUP HOLDINGS subsidiary to acquire shares in two Tokyo-based companies
Monday, 28 Sep 2015 02:00am EDT 

AVEX GROUP HOLDINGS INC:Says its Tokyo-based wholly owned subsidiary to acquire 1,120 shares in a Tokyo-based company e License Inc., and to raise voting power to 34.4 pct (2,090 shares) from 16.8 pct (970 shares).The subsidiary to acquire 3,724 shares (46.6 pct) in a Tokyo-based company Japan Rights Clearance Inc., and to raise voting power to 46.6 pct from 0 pct.Transaction date on Sep. 30.  Full Article

AVEX GROUP HOLDINGS to acquire shares in two Tokyo-based companies
Monday, 28 Sep 2015 02:00am EDT 

AVEX GROUP HOLDINGS INC:To acquire 21 shares (35.0 pct stake) in asia promotion Inc. and 34 shares (34.0 pct stake) in ASIA CROSS Inc. on Oct. 1.To raise voting power in asia promotion Inc. to 35.0 pct from 0 pct, and to raise voting power in ASIA CROSS Inc. to 34.0 pct from 0 pct.  Full Article

More From Around the Web

BRIEF-Avex Group Holdings announces reorganization in co and units

* Says co plans to transfer management related business in co and co's four wholly owned units (AMC, AVI, ASI and APD) to its wholly owned Tokyo-based unit Avex Management Inc (AMG), effective on April 1