Declining Value of Print Media Due to the Development of Digital Advertising and Delayed Response
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 12 of 24 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In recent years, new advertising media such as digital advertising have developed significantly. As the regions covered by the Company's newspaper and other publications business expand, the Company recognizes the need to develop its business through digital media such as the internet, in addition to the print publication “Chiiki Shimbun,” and provides digital advertising through “Chiikomi!”」
The Company reconfirms its response of providing digital advertising through “Chiikomi!” while recognizing the risks of declining print-media value and a delayed response to digital media. - FY2022RestatedAnnual report
「In addition, if the rapid future development of digital media such as the internet relatively reduces the value of print media, resulting in a decline in readers and advertisers of “Chiiki Shimbun,” this may adversely affect the Company's business, operating results or financial condition.」
The Group continues to describe the risk that the development of digital media will reduce the value of print media and lead to declines in readers and advertisers. - FY2021RestatedAnnual report
「In addition, if the rapid future development of digital media such as the internet relatively reduces the value of print media, resulting in a decline in readers and advertisers of “Chiiki Shimbun,” this may adversely affect the Company's business, operating results or financial condition.」
The Group continues to describe the risk that the development of digital media will reduce the value of print media and lead to declines in readers and advertisers. - FY2018RestatedAnnual report
「In addition, if the rapid future development of digital media such as the internet relatively reduces the value of print media, resulting in a decline in readers and advertisers of “Chiiki Shimbun” and “Chiiki Shimbun Shopper,” this may adversely affect the Group's business, operating results or financial condition.」
The Group continues to describe the risk that the rapid development of digital media will reduce the value of print media and lead to declines in readers and advertisers. - FY2017WorsenedAnnual report
「In addition, if the rapid future development of digital media such as the internet relatively reduces the value of print media, resulting in a decline in readers and advertisers of “Chiiki Shimbun” and “Chiiki Shimbun Shopper,” this may adversely affect the Group's business, operating results or financial condition.」
The Group explicitly describes the scenario in which rapid growth in digital media reduces the value of print media and leads to fewer readers and advertisers, specifying the potential impact in addition to the previously identified risk of a delayed response. - FY2016First statedAnnual report
「In recent years, new advertising media such as digital advertising have developed significantly. As the regions covered by the Group's newspaper and other publications business expand, the Group recognizes the need to develop its business through digital media such as the internet, in addition to the print publications “Chiiki Shimbun” and “Chiiki Shimbun Shopper.” The Group provides digital advertising through “Chiikomi,” but if it fails to respond in time to the emergence of digital media, this may adversely affect the Group's business, operating results or financial condition.」
While the Group is developing its response to digital media, it identifies as risks the effects of a delayed response and the relative decline in the value of print media as digital media develop.