Avex Group Holdings reported on the 30th a total budget surplus of 3 billion yen (≈ 35.5 million USD) for the quarter of April-September of this year, compared to a deficit of 476 million yen (≈ 5.6 million USD) in the same quarter of the prior year. It was previously predicted that their surplus would reach 500 million yen (≈ 5.9 million USD). Besides being able to lower the producing cost for their popular artists' albums last quarter, their profit also came from the great sale result of "ONE PIECE" Theme Song Compilations and DVDs.
Total sales of this quarter worth 58.9 billion yen (≈ 698 million USD), up 1% compared to the same quarter of the prior year; and this number exceeded their expectation by 3.3 billion yen (≈ 39 million USD). For the third quarter of the year, the CD sales of JUNSU/JEJUNG/YUCHUN are expected to accelerate their total sales. Besides, the releases of "ONE PIECE" Character DVD Boxes and Theme Song Compilations are also expected to be another source of their sale acceleration.
Its operating profit is 5.4 billion yen (≈ 64 million USD), which is 3.2 times their profit in the last quarter and exceeded their expectation by 3.9 billion yen (≈ 46 million USD). By purchasing the original recordings of the popular artist Tohoshinki from other recording companies, the company was able to cut down the cost of production for their best album. However, since that was also one reason that accelerate their sales in this quarter, their full-year outlook still remains unchanged.
Source: Japan's Economic Newspaper
Translation: linhkawaii @ OneTVXQ.com
Credits: OneTVXQ.com { One World. One Red Ocean. One TVXQ! }
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Just before anyone get super confused by the number:
Operating profit = basically what they earn from other businesses, not counting taxes or anything
CD sales profit = profit earn from selling CD
Profit = final profit after deducting taxes, production's cost, employees' salaries, expenses, etc.
Profit = Operating profit + CD sales - taxes - production's cost - employees' salaries - other expenses
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