Industry map/Entertainment, Media & Leisure
Music & Live Entertainment industry map
Who earns the money in Music & Live Entertainment, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 14 companies · ¥2.46T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥2.46T
- Companies
- 14
- Avg. salary（parent only）
- ¥6.3M
- Industry weather
- Sunny
YoY +13.6%
Avg. age 39.2
Operating income +27.0%
Sony Group[6758]
Music
- Revenue
- ¥2.09T▲14.8%
- Operating income
- ¥447B▲25.1%
Margin 21.4%
Whole company: Revenue ¥12.5T · Net income -¥326.9B
Avg. salary ¥11.6M · 42.7（parent only）
Bandai Namco Holdings[7832]
Visual and Music Business
- Revenue
- ¥73.3B▼3.1%
- Operating income
- ¥12.2B▲3.4%
Margin 16.6%
Whole company: Revenue ¥1.35T · Net income ¥140.7B
Avg. salary ¥9.8M · 44.6（parent only）
- Sony Group owns 2.5%
Avex[7860]
Music + 1 more
- Revenue
- ¥125.4B▲10.3%
- Operating income
- ¥3BBack to profit
Margin 2.4%
Whole company: Revenue ¥146.6B · Net income ¥3.55B
Avg. salary ¥7.1M · 42.5（parent only）
- Daiichikosho owns 2.4%
Amuse[4301]
Live Entertainment Business + 1 more
- Revenue
- ¥62.5B▲1.1%
- Operating income
- ¥5.1B▲117.2%
Margin 8.2%
Whole company: Revenue ¥69.7B · Net income ¥2.69B
Avg. salary ¥7.5M · 39.2（parent only）
NexTone[7094]
Digital content distribution sevice + 1 more
- Revenue
- ¥11.6B▲7.4%
- Operating income
- ¥1.75B▲5.7%
Margin 15.1%
Whole company: Revenue ¥20.8B · Net income ¥791M
Avg. salary ¥5.7M · 36.8（parent only）
- Amuse owns 7.4%
mup holdings.[3661]
Mobile phone business
- Revenue
- ¥27.3B▲24.9%
- Operating income
- ¥4.51B▲24.2%
Margin 16.6%
Whole company: Revenue ¥31.7B · Net income ¥2.97B
Space Shower Skiyaki Holdings[4838]
Solution business + 1 more
- Revenue
- ¥22.9B▲10.8%
- Operating income
- ¥1.96B▲122.7%
Margin 8.6%
Whole company: Revenue ¥22.9B · Net income ¥1.2B
Avg. salary ¥6.8M · 39.2（parent only）
Hibino[2469]
Concert and event production services
- Revenue
- ¥21.3B▲22.2%
- Operating income
- ¥4.23B▲71.4%
Margin 19.8%
Whole company: Revenue ¥67.6B · Net income ¥3.05B
Avg. salary ¥6.7M · 44.7（parent only）
SM Entertainment Japan[4772]
Entertainment project + 1 more
- Revenue
- ¥10.2B▲4.9%
- Operating income
- ¥685.1M▼27.2%
Margin 6.7%
Whole company: Revenue ¥10.2B · Net income ¥375.8M
Avg. salary ¥6.1M · 38.5（parent only）
Daiichikosho[7458]
Music software
- Revenue
- ¥5.46B▼1.7%
- Operating income
- ¥140M▼56.9%
Margin 2.6%
Whole company: Revenue ¥162.9B · Net income ¥15.9B
Avg. salary ¥6.2M · 40.5（parent only）
Marvelous[7844]
Audiovisual Enterprise
- Revenue
- ¥4.78B▲3.5%
- Operating income
- ¥910MBack to profit
Margin 19.0%
Whole company: Revenue ¥38B · Net income ¥1.99B
Avg. salary ¥6.3M · 38.6（parent only）
THE WHY HOW DO Company[3823]
entertainment business
- Revenue
- ¥996.5M▲286.8%
- Operating income
- ¥166.7M▲113.7%
Margin 16.7%
Whole company: Revenue ¥1.75B · Net income -¥69M
Avg. salary ¥4.7M · 46.7（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Mobile Factory · TETSUJIN Holdings
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Sony GroupMusic | ¥2.09T | 85.1% | 21.4% | +17.4% | ¥1.49T |
| 2 | AvexMusic + 1 more | ¥125.4B | 5.1% | 2.4% | +13.7% | -¥336M |
| 3 | Bandai Namco HoldingsVisual and Music Business | ¥73.3B | 3.0% | 16.6% | +13.7% | ¥118.9B |
| 4 | AmuseLive Entertainment Business + 1 more | ¥62.5B | 2.5% | 8.2% | +16.9% | ¥5.72B |
| 5 | mup holdings.Mobile phone business | ¥27.3B | 1.1% | 16.6% | +24.4% | ¥6.81B |
| 6 | Space Shower Skiyaki HoldingsSolution business + 1 more | ¥22.9B | 0.9% | 8.6% | +52.8% | ¥3.06B |
| 7 | HibinoConcert and event production services | ¥21.3B | 0.9% | 19.8% | +9.5% | ¥5.89B |
| 8 | NexToneDigital content distribution sevice + 1 more | ¥11.6B | 0.5% | 15.1% | +13.9% | ¥1.43B |
| 9 | SM Entertainment JapanEntertainment project + 1 more | ¥10.2B | 0.4% | 6.7% | +16.0% | ¥1.41B |
| 10 | DaiichikoshoMusic software | ¥5.46B | 0.2% | 2.6% | -2.5% | ¥4.58B |
| 11 | MarvelousAudiovisual Enterprise | ¥4.78B | 0.2% | 19.0% | — | ¥9.81B |
| 12▲1 | THE WHY HOW DO Companyentertainment business | ¥996.5M | 0.0% | 16.7% | — | -¥113.3M |
| 13▼1 | Mobile FactoryContents | ¥253.9M | 0.0% | 74.2% | -11.8% | — |
| 14 | TETSUJIN HoldingsMedia content planning business | ¥58.3M | 0.0% | 83.1% | -14.5% | ¥301.6M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Other
- Operating profit
- Mobile Factory481933
- mup holdings.721216
- Bandai Namco Holdings612514
- Sony Group691812
- Daiichikosho662311
- Amuse919
- Space Shower Skiyaki Holdings70219
- Hibino64297
- NexTone7519
- Marvelous6430
- Avex7126
- TETSUJIN Holdings8512
- SM Entertainment Japan8018
- THE WHY HOW DO Company4955loss ¥4
Ownership links
From the major-shareholder section of annual securities reports.
- ㈱サイバーエージェントOutside
- StakeAvex12.9%
- 伊藤忠商事㈱Outside
- StakeSpace Shower Skiyaki Holdings10.1%
- ㈱フジ・メディア・ホールディングスOutside
- StakeSpace Shower Skiyaki Holdings10.1%
- ＫＤＤＩ㈱Outside
- StakeSpace Shower Skiyaki Holdings9.2%
- AmuseIn industry
- StakeNexTone7.4%
- DaiichikoshoIn industry
- StakeTETSUJIN Holdings3.8%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Music & Live Entertainment (by revenue)
All 14 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Sony Group¥2.09T · 21.4%
- Avex¥125.4B · 2.4%
- Bandai Namco Holdings¥73.3B · 16.6%
- Amuse¥62.5B · 8.2%
- mup holdings.¥27.3B · 16.6%
- Space Shower Skiyaki Holdings¥22.9B · 8.6%
- Hibino¥21.3B · 19.8%
- NexTone¥11.6B · 15.1%
- SM Entertainment Japan¥10.2B · 6.7%
- Daiichikosho¥5.46B · 2.6%
- Marvelous¥4.78B · 19.0%
- THE WHY HOW DO Company¥996.5M · 16.7%
- Mobile Factory¥253.9M · 74.2%
- TETSUJIN Holdings¥58.3M · 83.1%
Revenue · Op. margin
Related industries
Analyze this page with AI
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.