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The latest announcement is out from Avex Inc. ( (JP:7860) ).
Avex Inc. has revised its financial forecast for the fiscal year ending March 31, 2025, due to lower-than-expected operating profit and profit attributable to owners of the parent. This revision is attributed to challenges in the Music Business segment and a decline in revenues in Asia and the Middle East. To address these challenges, Avex plans to adjust its business strategy by reviewing its portfolio, improving cost structures, and investing in IP development and technology as part of its Mid-Term Management Plan. The company is striving to enhance its governance system and maintain its dividend payout policy.
More about Avex Inc.
Avex Inc. operates in the entertainment industry, focusing on music business and IP development. The company is involved in music publishing and master recording rights, with a market focus on Asia and the Middle East.
YTD Price Performance: 5.29%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €409.5M
For an in-depth examination of 7860 stock, go to TipRanks’ Stock Analysis page.
