Long-Term Contraction of the Publishing Distribution Market and Shift to E-Books
First written in FY2017-Q1. 20 of 28 entries say "Restated". Latest entry: FY2027-H1.
Maruzen CHI Holdings moved to the "Worse" side of this theme in 2024, 5 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 current interim consolidated accounting period, there were no occurrences of matters relating to the business and financial positions described in this interim report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year. There are also no material events or conditions to report.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2024WorsenedAnnual report
「The market environment surrounding our group remains challenging, with sales in our primary market, the publishing market, having nearly halved over 15 years.」
Newly quantifies the contraction of the publishing market as nearly half over 15 years, clearly indicating a more severe market environment than the previously stated long-term contraction. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2023RestatedAnnual report
「The publishing distribution market, a core business area of our group, is operating in an extremely challenging environment, with book and magazine sales declining over an extended period.」
The long-term contraction of the publishing distribution market and its challenging environment continue to be described for the full fiscal year. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2022RestatedAnnual report
「The publishing distribution market, a core business area of our group, is operating in an extremely challenging environment, with book and magazine sales declining over an extended period.」
The long-term contraction of the publishing distribution market and its challenging environment continue to be described for the full fiscal year. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning contraction of the publishing distribution market and the shift to e-books. - FY2021RestatedAnnual report
「The publishing distribution market, a core business area of our group, is operating in an extremely challenging environment, with book and magazine sales declining over an extended period.」
The long-term decline in book and magazine sales and the challenging market environment continue to be identified as operating conditions for the full fiscal year. - FY2020WorsenedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with sales of physical books and magazines declining for 15 consecutive years, bookstore numbers continuing to fall, and electronic comic sales exceeding physical comic sales.」
The decline in physical book and magazine sales has extended from 14 to 15 consecutive years, continuing to demonstrate market contraction and the shift to digital formats. - FY2020-Q3RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales declining for 14 consecutive years, bookstore numbers continuing to fall, and electronic comic sales exceeding physical comic sales.」
Continues to describe the 14-year decline in book and magazine sales, the decrease in bookstore numbers, the reversal in comic sales, and market contraction. - FY2020-Q2RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales declining for 14 consecutive years, bookstore numbers continuing to fall, and electronic comic sales exceeding physical comic sales.」
Continues to describe the 14-year decline in book and magazine sales, the fall in bookstore numbers, the reversal in comic sales, and market contraction. - FY2020-Q1WorsenedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales declining for 14 consecutive years, bookstore numbers continuing to fall, and electronic comic sales exceeding physical comic sales.」
Specifies that book and magazine sales have declined for 14 consecutive years, while the decline in bookstore numbers and the reversal in comic sales between electronic and physical formats continue. The contraction and digitization risks are becoming more pronounced and are supported by quantitative data. - FY2019-Q3RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales and bookstore numbers trending downward, while in the e-book market, comic sales have crossed over, with electronic sales exceeding physical sales.」
Continues to describe declining book and magazine sales and bookstore numbers, the reversal in comic sales between physical and electronic formats, and market contraction. - FY2019-Q2RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales and bookstore numbers trending downward, while in the e-book market, comic sales have crossed over, with electronic sales exceeding physical sales.」
Continues to describe declining book and magazine sales and bookstore numbers, the shift to e-books, and market contraction. - FY2019-Q1WorsenedAnnual report
「The market continues to contract and remains in an extremely challenging environment, with book and magazine sales and bookstore numbers trending downward, while in the e-book market, comic sales have crossed over, with electronic sales exceeding physical sales.」
Shows continued market contraction and declining bookstore numbers, while demonstrating the shift from physical to digital formats through electronic comic sales surpassing physical sales. - FY2018RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, reflecting the downward trend in book and magazine sales and the number of bookstores, as well as rapid and disruptive changes resulting from the sharp expansion of e-book sales.」
Continues to describe declining book and magazine sales and bookstore numbers, e-book expansion, and market contraction throughout the fiscal year. - FY2018-Q3RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, reflecting the downward trend in book and magazine sales and the number of bookstores, as well as rapid and disruptive changes resulting from the sharp expansion of e-book sales.」
Continues to describe declining book and magazine sales and bookstore numbers, e-book expansion, and market contraction. - FY2018-Q2RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, reflecting the downward trend in book and magazine sales and the number of bookstores, as well as rapid and disruptive changes resulting from the sharp expansion of e-book sales.」
Continues to describe declining book and magazine sales and bookstore numbers, e-book expansion, and market contraction. - FY2018-Q1RestatedAnnual report
「The market continues to contract and remains in an extremely challenging environment, reflecting the downward trend in book and magazine sales and the number of bookstores, as well as rapid and disruptive changes resulting from the sharp expansion of e-book sales.」
Continues to describe declining book and magazine sales and bookstore numbers, together with market contraction driven by the expansion of e-books. - FY2017WorsenedAnnual report
「The publishing distribution market, our primary market, continued to contract in 2016, with sales of books and magazines down 3.4% year on year. In the digital content market, including e-books, the traditional content distribution model is also beginning to change significantly, with the emergence of unlimited magazine-reading models and free-to-read digital comics supported by advertising revenue. Consumers' purchasing and reading environments in the publishing distribution market are therefore changing substantially.」
Quantifies the decline in book and magazine sales at 3.4% year on year in 2016 and provides specific examples of how digital content is changing distribution structures and purchasing environments. The risk of market contraction and the shift from physical to digital formats is stated more clearly than before. - FY2017-Q3RestatedAnnual report
「The publishing distribution industry remains in an extremely challenging environment. Sales of books and magazines have fallen short of the previous year for 11 consecutive years, including the largest decline in recent years, the number of bookstores is trending downward, and purchases of physical books are declining as e-book sales expand rapidly.」
Continues to describe the decline in book and magazine sales and bookstores, the expansion of e-books, and the contraction of the market. - FY2017-Q2RestatedAnnual report
「The publishing distribution industry remains in an extremely challenging environment. Sales of books and magazines have fallen short of the previous year for 11 consecutive years, including the largest decline in recent years, the number of bookstores is trending downward, and purchases of physical books are declining as e-book sales expand rapidly.」
Continues to describe the decline in book and magazine sales and bookstores, the expansion of e-books, and the contraction of the market. - FY2017-Q1First statedAnnual report
「The publishing distribution industry remains in an extremely challenging environment. Sales of books and magazines have fallen short of the previous year for 11 consecutive years, including the largest decline in recent years, the number of bookstores is trending downward, and purchases of physical books are declining as e-book sales expand rapidly.」
Describes the long-term decline in book and magazine sales, the decrease in the number of bookstores, and the decline in purchases of physical books as e-books expand.