Media Shift from Print to Web
First written in FY2018. 15 of 22 entries say "Restated". Latest entry: FY2027-H1.
Arbeit-Times moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 13 of 25 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The structural change in the business accompanying the shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes in the principal risks. - FY2026ReframedAnnual report
「From the actual results for the fiscal year ended February 2026, HR tech, including “Wagasha de DOMO,” was added to job-information websites, so the figures have been revised retroactively through the actual results for the fiscal year ended February 2024.」
The structural shift from print to online media and HR tech was reflected in the revenue categories. The share of print job-information media fell to 13.1%, and the classification was changed to include HR tech in job-information websites. - FY2025WorsenedAnnual report
「The recruitment advertising media market was worth ¥726.7 billion in fiscal 2023, while markets for new forms such as social recruiting, aggregators and crowdsourcing were worth ¥415.4 billion. New recruitment models have achieved remarkable growth.」
The company described the shift in market structure from a market centered on recruitment advertising media to one focused on new recruitment models, together with the market-size figures. - FY2025-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes in business and other risks, including the shift from print to online media. - FY2024-Q1RestatedAnnual report
「In the information services business, sales of recruitment advertising media have bottomed out amid the diversification of matching methods, while sales of “Wagasha de DOMO,” a subscription-based recruitment management system provided to customers, have steadily expanded. Revenue was ¥962 million, up 10.9% year on year, and segment profit was ¥221 million, up 24.8%.」
The company continued to describe the structural change in which sales of recruitment advertising media have bottomed out amid the diversification of matching methods, while reaffirming the expansion of “Wagasha de DOMO.” - FY2023WorsenedAnnual report
「The market for recruitment advertising media, which had been the mainstream service for providing job information, is on a downward trend, while markets for new recruitment models created by technological advances, such as HR tech and aggregator media, are expanding.」
The recruitment advertising media market was clearly positioned as being on a downward trend, while the expansion of the HR tech and aggregator media markets was identified as a new source of competition and structural change. - FY2023-Q3RestatedAnnual report
「In the information services business, sales of recruitment advertising media have bottomed out, partly because the employment environment has not yet fully recovered and various matching methods have emerged. Meanwhile, sales of “Wagasha de DOMO,” a subscription-based recruitment management system provided to customers, have steadily expanded. Revenue was ¥2,563 million, up 13.9% year on year, and segment profit was ¥490 million, up 18.7%.」
The company reaffirmed that sales of recruitment advertising media had bottomed out amid the emergence of various matching methods, while “Wagasha de DOMO” continued to expand. - FY2023-Q1RestatedAnnual report
「In the information services business, sales of recruitment advertising media have bottomed out, partly because the employment environment has not yet fully recovered and various matching methods have emerged. Meanwhile, sales of “Wagasha de DOMO,” a subscription-based recruitment management system provided to customers, have steadily expanded. Revenue was ¥867 million, up 19.4% year on year, and segment profit was ¥177 million, up 55.5%.」
Sales of recruitment advertising media were described as having bottomed out against a backdrop that included the emergence of various matching methods, while the risks from competition and structural changes surrounding the media business continued to be disclosed. - FY2022WorsenedAnnual report
「The environment surrounding our group's principal human resources business is characterized by difficulty differentiating recruitment advertising media through products and by entrenched price competition. In addition, the evolution of technology has created new recruitment models and increased the number of market participants, raising the cost of acquiring job seekers. As a result, we believe that significant future growth in the media business will be difficult to achieve.」
The company identified the difficulty of differentiating recruitment advertising media, price competition, rising job-seeker acquisition costs due to the increase in new market participants, and the limits to media growth. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no significant changes in business and other risks, including the shift from print to online media. - FY2021RestatedAnnual report
「In the job market, where various recruitment models other than recruitment advertising media are emerging, creating new value is necessary in order to gain the support of customers and job seekers and achieve sustainable growth.」
The need to pursue new recruitment models and create new value, rather than relying solely on recruitment advertising media, continued to be stated. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no significant changes in business and other risks, including the shift from print to online media. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes in business and other risks, including the shift from print to online media. - FY2020ReframedAnnual report
「Our group is now facing a situation in which it is difficult to solve the issues faced by customers and job seekers through recruitment advertising media alone, our core business.」
In addition to the previously identified external environmental change of the shift from print to online media, the company recognized that recruitment advertising media alone could not solve these issues and reframed this as a challenge requiring a transformation of the business model. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no significant changes regarding the shift from print to online media. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes. - FY2019ReframedAnnual report
「We intend to carefully consider and implement a review of the revenue structure for our core print products, as well as the development and selection of optimal services to meet customer needs, in an effort to enhance corporate value.」
The shift from print to online media was identified not only as an external environmental risk to monitor, but also as an issue to address through a review of the revenue structure and the development and selection of services. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The shift from print to online media was reaffirmed through a comprehensive statement that there had been no significant changes. - FY2018First statedAnnual report
「Meanwhile, developments that could affect the business include the shift from print to online media, intensifying competition accompanying the diversification and specialization of competing products and services, and various government-led measures to reform working practices and improve productivity aimed at creating a society in which all citizens can play an active role. These developments need to be closely monitored.」
The shift from print to online media was identified as a change in the external environment that could affect the business.