Risks associated with the publishing business: returns, copyright infringement and recalls
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a commercial practice in the publishing industry, sales transactions with return provisions may be conducted. Under such transactions, publishers entrust the sale of books to bookstores through book distributors, and bookstores return unsold books to publishers through the distributors.」
The company continues to disclose the risks of returns, storage and inventory disposal costs, and recalls and damages arising from copyright infringement or inappropriate expressions associated with the publishing business. - FY2023First statedAnnual report
「As a commercial practice in the publishing industry, sales transactions with return provisions may be conducted. Under such transactions, publishers entrust the sale of books to bookstores through book distributors, and bookstores return unsold books to publishers through the distributors. If books are returned to our group, as a publisher, warehouse storage and inventory disposal costs will be incurred. If these costs become substantial, they may affect our group's operating results and financial position.」
With the launch of the publishing business, the company newly discloses the storage and inventory disposal costs arising from sales transactions with return provisions, as well as the risks of publication suspension, recalls and damages arising from copyright infringement or inappropriate expressions.