Avex, a major music company, announced that it will sell its headquarters building in Minami Aoyama, Tokyo.
Business performance has deteriorated due to the inability to hold music events due to the influence of the new coronavirus, and the sale of real estate is aimed at rebuilding business performance.
According to the announcement, Avex decided at a board meeting held on the 24th to sell the headquarters building "Avex Building" in Minami Aoyama, Tokyo for more than 70 billion yen.
The seller has not been disclosed.
Avex was unable to hold a large-scale music event due to the influence of the new coronavirus, so the final profit and loss was a deficit of 3.2 billion yen in the interim settlement of accounts until September, and the business performance is deteriorating. ..
The company records the gain on the sale of the head office building in the financial results for the year ending March next year, and expects that it will eventually reach a surplus of 15 billion yen.
In addition, as a result of soliciting voluntary retirement from employees aged 40 and over, the company also revealed that there were 103 applications, and by reducing the number of employees in conjunction with the sale of the head office building, it will lead to a recovery of business performance. I have an aim.
Avex is engaged in a wide range of entertainment fields, centered on the music business to which popular singers belong.
The head office building to be sold was just completed in 2017, and the company says that it will move into the same building for rent and set up its head office for a while after the sale.