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​With Revenue Up 15%, Columbia Music Entertainment Returns to Profitability

Denpa Shinbum, 02.16.05

On February 15, Columbia Music Entertainment announced its consolidated business results up to the third quarter of the term ending March 2005 (from April to December 2004). Sales increased 15% from the year-ago level, to 25,170 million yen. Looking at profit, the company returned to profitability with 704 million yen in operating profit, 538 million yen in ordinary profit and 188 million yen in net profit.

Thanks to steady performance of the A&R business and robust performance of the third party distribution business, the company attained double-digit growth in sales in the term under review and posted a profit. In terms of music software, the Enka Ballad Collection of Kiyoshi Hikawa, an album of Sachiko Kobayashi, albums and singles by Hitotoyo and Kaera Kimura, and animation songs, such as “Tokusosentai Deka Ranger/Isao Sasaki” all contributed to the company’s performance.

Meanwhile, among video software, Live Tour 2004 – Toteshan of Hitotoyo and The Yellow Monkey Live Box did well.

Hibari Misora Sings Showa, an album sold by mail-order, and ringtones enjoyed satisfactory performance. In the consignment business, Down Town no Gakino Tsukaiya Arahende!!, a DVD, Chicken Rice, a CD by Masayoshi Hamada and Takayuki Makihara, and Odyssey, a CD by Ayaka Hirahara were among the products that contributed to the results.

Based on the forecast for the full business year, ordinary profit is likely to hit 200 million yen (the company posted a loss of 825 million yen in the preceding term), and net profit will be 100 million yen (compared with a loss of 745 million yen last term).