Risk of Fluctuations in Copyright Royalty Rates and Inability to Renew Contracts
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 2 of 14 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「There is a possibility that royalty rates may rise or that copyright usage agreements with certain major publishers may become impossible to continue. However, the Group conducts direct transactions with many content holders, including publishers, and believes that even if a risk materializes with one of its business partners, the impact on management will be limited.」
The company reconfirms that, while there is a risk of higher royalty rates and inability to continue contracts with certain major publishers, the impact is limited because it has numerous direct business partners. - FY2023RestatedAnnual report
「The Group conducts direct transactions with many content holders, including publishers, and believes that even if a risk materializes with one of its business partners, the impact on management will be limited.」
The company reconfirms the explanation that, while the risks of changes in copyright royalty rates and inability to renew contracts remain, the impact is limited because it has numerous direct business partners. - FY2020MitigatedAnnual report
「The level of this risk has declined as publishers and other content holders have become more dependent on the e-book business.」
While specifying the possibility of higher royalty rates or an inability to continue contracts with certain major publishers, the company explains that the risk level has declined because it conducts direct transactions with numerous publishers and other parties. - FY2019RestatedAnnual report
「Copyright usage fees are paid at rates determined by contract. However, if contract royalty rates change, or circumstances arise for any reason that impede the renewal of contracts, this may affect the Group's operating results.」
The company reconfirms the risk that changes in copyright royalty rates and impediments to contract renewals may affect operating results. - FY2018RestatedAnnual report
「Copyright royalties are paid at rates determined by contract. However, if contract royalty rates change, or circumstances arise for any reason that impede the renewal of contracts, this may affect the Group's operating results.」
The company reiterates the risk that changes in copyright royalty rates and impediments to contract renewals may affect operating results. - FY2017RestatedAnnual report
「If contract royalty rates change, or circumstances arise for any reason that impede the renewal of contracts, this may affect the Group's operating results.」
The company reiterates the risks of changes in copyright royalty rates and inability to renew contracts. - FY2016First statedAnnual report
「If contract royalty rates change, or circumstances arise for any reason that impede the renewal of contracts, this may affect the Group's operating results.」
The company identifies changes in contract royalty rates with publishers and other parties and impediments to contract renewals as risks that may affect operating results.