Dependence on Alliances with Newspaper Companies and the Newspaper-Inserted Recruitment Advertising Business
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group intends to further strengthen its existing businesses through greater collaboration with newspaper company groups and to consider new businesses. However, if its relationships with newspaper companies change for any reason and the areas in which inserts can be distributed or insertion fees are changed, this could affect the Group’s business and performance.」
The risk of business impacts from changes in relationships with newspaper companies, the areas in which inserts can be distributed, and insertion fees continues. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, at 三光アド, the decline in profitability caused by the contraction of the paper media market due to the impact of COVID-19 has continued beyond the period initially anticipated. Based on an estimate assuming that the company’s profitability will gradually recover over the next several years through increased revenue from internet media and other sources, the recoverable amount fell below the carrying amount. Accordingly, an impairment loss of ¥1,580 million was recorded for the goodwill.」
The risk associated with dependence on paper media businesses, including newspaper inserts, materialized in the form of lower profitability due to the contraction of the paper media market and a ¥1,580 million impairment loss on 三光アド’s goodwill. - FY2020RestatedAnnual report
「If the Group’s relationships with newspaper companies change for any reason and the areas in which inserts can be distributed or insertion fees are changed, this could affect its business and performance.」
The risks arising from changes in relationships with newspaper companies, the areas in which inserts can be distributed, and insertion fees continue. - FY2019First statedAnnual report
「The Group intends to further strengthen its existing businesses through greater collaboration with newspaper company groups and to consider new businesses. However, if its relationships with newspaper companies change for any reason and the areas in which inserts can be distributed or insertion fees are changed, this could affect the Group’s business and performance.」
For 三光アド’s newspaper-inserted recruitment advertising business, the effects of changes in relationships with the Chunichi Shimbun Company group and others, the areas in which inserts can be distributed, and insertion fees were identified as a new specific risk.