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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owww yeah baby!!! The boys rules m(^.^)m
By: TheJunJjang on September 3, 2010
at 5:42 am
jjang…….
By: winaluv on September 3, 2010
at 5:56 am
“By purchasing the original recordings of the popular artist Tohoshinki from other recording companies”
Uhmm… What? Didn’t they own the rights for Toho songs? Or by “other recording companies” they mean SM?
By: vik720 on September 3, 2010
at 6:22 am
yeah, i don’t understand this sentence either….which “recording company” they’re talking about ? so they don’t own the original recordings of Tohoshinki ? if it’s their Korean songs, i could guess it’s SM, but it’s their japanesse songs…and if it IS SM, did they still allow avex to purchase their original recordings despite the conflict that happened ?….confuse…O_o
By: ka_vie on September 3, 2010
at 8:35 am
They might be own the rights for Toho songs 50/50 with SM Japan, I think.
By: Amber on September 3, 2010
at 9:08 am
i was wondering the same thing…. seems like the sme-avex contract is alot more complicated then we think.
By: lily on September 3, 2010
at 9:28 am
i was hoping dat behind d avex name it was actually JYJ who buy ‘em all. n i hope dey buy their band’s name to so dey still can used it if sme kicks ‘em out 4ever.
By: duckysbunny on September 3, 2010
at 6:40 pm
so now AVEX owns the right to THSK’s work solely….maybe…
By: coffee mo on September 3, 2010
at 7:58 pm
Yay!!
go AVEX!!
By: GinaToho on September 3, 2010
at 7:10 am
i want JYJ to be with AVEX forever. Its a huge business and AVEX really treat them like princes.
By: tohoshikin on September 3, 2010
at 8:40 am
It sounds like good news
I will forever be gratefull to avex
By: Alou on September 3, 2010
at 9:07 am
SM and Avex are all reaping in massive profits. It’s us fangirls getting poorer LOL
By: Cecilia on September 3, 2010
at 9:10 am
Exactly my reaction when I first read the news…before DBSK I was considerably richer than I am now *looking at the credit card bills* XD LOL
By: Orenji Junsu on September 3, 2010
at 9:46 am
i do not wish to see thanksgiving live in dome dvd release in korean version under sme. god that would break my heart at the hypocrisy. lmao so i just hope all fans buy the jap vers.
By: lily on September 3, 2010
at 9:29 am
oh god you!
please don’t say that. I think SM can’t do it.
Or won’t do it
just in case, don’t even think about it
By: Alou on September 3, 2010
at 9:46 am
nah, SME has nothing to do w/ the new contract signed by JJY thats why you never saw anything SME connected in Junsu’s single. Try to look at the CD credits and blahs of Su’s single.
By: Stevie on September 3, 2010
at 2:50 pm
yahhhh………..avex love u so much^^
By: luvjj on September 3, 2010
at 9:42 am
wow~ The power of tohoshinki~
By: cheeyanne on September 3, 2010
at 8:20 pm