Earnings Results for FY 2021 Q2 (Fiscal year ending March 31st, 2022)

Avex Inc.

Earnings Results for FY 2021 Q2 (Fiscal year ending March 31st, 2022)

November 4th, 2021

Table of Contents

■ Financial Highlights

Topics of FY 2021 Q2

Net Sales Results by Segment

Operating Income Results by Segment

Net Income Attributable to Owners of Parent

■ Consolidated Results

Consolidated Income Statement

Consolidated Balance Sheet

Consolidated Cash Flow Statement

■ Results by Segment

Music Business

Anime & Visual Content Business

Digital Platform Business

Other Businesses

• Regarding the FY 2021 Consolidated Financial Forecast
• [Reference] Highlights of FY 2021 Q2 and from FY 2021 Q3 Highlights of FY 2021 Q2
  Highlights from FY 2021 Q3

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©2021 Avex Inc.

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Financial Highlights

©2021 Avex Inc.

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Financial Highlights - Topics of FY 2021 Q2

Net sales and Operating income increased primarily

due to the reduced impact from COVID-19, contributing to an

increase in sales from Music Business

				(billions of yen)
	FY 2020 Q2	FY 2021 Q2	YoY	rate
Net Sales	34.2	46.3	+12.0	+35.1%
Operating Income	-2.2	2.6	+4.8	－
Net Income Attributable	-3.2	1.6	+4.9	－
to Owners of Parent

©2021 Avex Inc.

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Financial Highlights - Net Sales Results by Segment

Net Sales increased by 12.0 billion yen (35.1%) primarily due to increase in number of sales in Music Packages and sales from Live Concerts/Events for Music Business

			Net Sales by Segment	(billions of yen)
			FY 2020	FY 2021	YoY	rate
			Q2	Q2
		Music	18.3	31.7	+13.3	+72.3%
		Anime	4.8	4.8	-0.0	-0.7%
		& Visual Content
		Digital Platform	11.9	11.7	-0.1	-1.6%
		Others	2.7	3.9	+1.2	+44.6%
		Adjustment	-3.6	-5.9	-2.2	－
		Total	34.2	46.3	+12.0	+35.1%
©2021		Avex Inc.					4