〔Delayed〕Announcement Regarding Establishment of a Joint Venture (Equity Method Affiliate) in Ticket Sales Services

May 11, 2016
FOR IMMEDIATE RELEASE
Company Name: Avex Group Holdings Inc.
Representative: Masato Matsuura, Representative Director, CEO
(Code No. 7860 TSE 1st Section)
For Inquiries: Shigekazu Takeuchi, Representative Director, CFO
Tel. 03-5545-9200


Announcement Regarding Establishment of a Joint Venture (Equity Method Affiliate) in Ticket Sales Services


Avex Group Holdings Inc. (the “Company”) announces that, at the meeting of the Board of Directors held today, a resolution
was made concerning the establishment of Passrevo Corporation, a joint venture of Avex Live Creative Inc. (hereinafter,
“ALC”), a wholly owned subsidiary of the Company, and Yahoo Japan Corporation (hereinafter, “Yahoo! JAPAN”). Details
are as follows.


1. Background and purposes of the establishment of the company
A joint venture of ALC and Yahoo! Japan will be established on May 16 this year so as to enhance the service of Yahoo!
Ticket, an online ticket information and sales service that began to be provided on May 29, 2014 in a business alliance between
the two companies.
Behind the establishment of the company are the recent growth of live business, the shift from consumption of goods to
consumption of experiences, and mismatching problems in ticket sales. Given these backgrounds, the new company will
strengthen the promotion of ticket sales carried out by using the media functions of Yahoo! JAPAN. At the same time, Passrevo
Corporation will link the YAHUOKU!, one of the largest internet auction sites in Japan, to Yahoo! Ticket, planning to establish a
system for the official resale of tickets purchased by users within the current year.
The company aims to handle tickets in a broad range of categories including sports, plays, theme parks, and other events, as
well as music.
With these initiatives at the core, the company will aim to expand its business further and solve various issues in ticket sales
with the power of technology. In doing so, it aims to help expand the entertainment market of Japan.




Logo of Yahoo! Ticket, the online ticket information
Logo of the new company, and sales service
Passrevo Corporation.
2. Outline of the new company
(1) Trade name Passrevo Corporation
Head office
(2) Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo
address
Toshiro Hayashi (Vice-President of ALC)
President Yuji Umemura (Corporate Officer and Executive Vice President of Yahoo! Japan,
(3) Representatives
Vice President
President of YAHUOKU! Company）
(4) Main business Ticket sales services, etc.
(5) Capital 490,000,000 yen (Capital reserve: 490,000,000 yen)
Date of
(6) May 16, 2016 (plan)
establishment
(7) Fiscal year-end March 31
Shareholder Yahoo! JAPAN 51.0％
(8)
configuration ALC 49.0％
3. Outline of companies establishing the joint venture (as of March 31, 2016)
(1) Trade name Yahoo Japan Corporation Avex Live Creative Inc.
Head office
(2) 9-7-1 Akasaka, Minato-ku, Tokyo 1-6-1 Roppongi, Minato-ku, Tokyo
address
Representative
President Katsumi Kuroiwa
(3) Representatives Director and Manabu Miyasaka
Vice-President Toshiro Hayashi
President
Internet advertising business, e-Commerce Planning, production, and operation of concerts and
(4) Main business events, fan club operation, merchandising, etc.
business, Members Services business, etc.
(5) Capital 8,358,000,000 yen 30,000,000 yen
Date of
(6) January 31, 1996 September 1, 1993
establishment
Number of
(7) outstanding 5,695,291,400 shares 6,000 shares
shares
(8) Fiscal year-end March 31 March 31
Shareholder SoftBank Group Corp. 36.4% The
(9) 100.0％
configuration YAHOO INC. 35.5% Company

4. Outlook
At this stage, the establishment of the new company is believed to have a minor impact on the Company’s consolidated
results for the fiscal year ending March 31, 2017. A further announcement will be made immediately if disclosure of any
information related to the establishment should be necessary in the future.