[TRANS] 100513 Avex's Balance Sheet for The First Quarter of 2010, Tohoshinki's Best Album Sold 700,000 Copies

Major music company Avex Group Holdings released their balance sheet on the 13th showing that they have made a profit of 800 million yen (≈$8.6 milllion) in the first quarter of 2010 (compared to a loss of 900 million yen in the previous quarter). Their total sales were 118.1 billion yen (≈$1.3 billion), indicating a growth of 0.3%. On the other hand, their operating profits showed an incline of 14.1% and brought in 5.5 billion yen (≈$59 million).

There weren't many releases from their major artists, but the stable profits they acquired from selling concert tickets, etc. guaranteed their business. On the other hand, because of the need of expenses to promote and advertise for their new businesses, their operating profits decreased.

In the first quarter, they only has one million-hit CD, which is EXILE's album "Ai Subeki Mirai he" and it has sold 1.46 million copies so far. Tohoshinki and Amuro Namie are up next, and each artist's best album has sold approximately 700,000 copies so far.

It is estimated that in the first quarter of 2011, Avex will experience a decrease of 0.1% in total sales which still bring in 118 billion yen (≈$1.2 billion); but their operating profits will increase 52.7% which will bring them 8.5 billion yen (≈$92 million). It is expected that their total profits will increase approximately 4.1 times and bring in 4 billion yen (≈$43 million).

Source: Sankei
Translation: linhkawaii @ OneTVXQ.com
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