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Avex Inc. Reports Financial Discrepancies and Decline in Profits

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Avex Inc. Reports Financial Discrepancies and Decline in Profits

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Avex Inc. ( (JP:7860) ) has shared an update.

Avex Inc. reported discrepancies between its financial forecasts and actual results for the fiscal year ended March 31, 2025, primarily due to additional impairment losses in its music business. The company also noted a decline in net sales and ordinary profit compared to the previous year, attributed to provisions for doubtful accounts and the completion of commissioned work in the video streaming segment.

More about Avex Inc.

Avex Inc. operates in the entertainment industry, focusing primarily on music and video streaming services.

Average Trading Volume: 149,078

Technical Sentiment Signal: Sell

Current Market Cap: Yen58.07B

See more insights into 7860 stock on TipRanks’ Stock Analysis page.

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