Impact of Online Distribution of Music and Video Content on Rental and Sales
First written in FY2017. 13 of 18 entries say "Worsened", first in FY2021-Q3. Latest entry: 2026-09-10.
Top Culture moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Rentals ¥261 million (69.2% year on year)」
The impact of the shrinking rental market due to video streaming and other factors continues, with rental sales declining to 69.2% of the year-earlier level. - FY2024WorsenedAnnual report
「Rentals ¥700 million (77.2% year on year)」
The impact of the shrinking rental market due to video streaming and other factors continues, with rental sales declining to 77.2% of the year-earlier level. - FY2024-Q2WorsenedAnnual report
「Rental revenue: ¥378 million (74.9% year on year)」
The impact of the shrinking rental market due to video streaming and other factors continues, with rental sales declining to 74.9% of the year-earlier level. - FY2024-Q1WorsenedAnnual report
「Rental revenue: ¥198 million (71.8% year on year)」
Rental revenue declined to 71.8% of the previous year's level, and the impact of the shrinking rental market due to video streaming and other factors continues to appear in operating results. - FY2023WorsenedAnnual report
「Rental revenue: ¥907 million (67.0% year on year)」
Rental revenue declined to 67.0% of the previous year's level, and the impact of internet distribution and changes in content consumption methods on physical-store rentals is also appearing in full-year results. - FY2023-Q3WorsenedAnnual report
「Rental revenue: ¥706 million (67.3% year on year)」
Rental revenue declined to 67.3% of the previous year's level, and the impact of internet distribution and other factors on physical-store rentals continues to appear in operating results. - FY2023-Q2WorsenedAnnual report
「While moving toward a complete withdrawal from the rental business against the backdrop of the shrinking rental market, the company has been gradually transferring the game and recycling business operated by Top Culture to the game and recycling business of its subsidiary, 株式会社トップブックス, since June 2022. Revenue from major product categories was ¥6,071 million for books (89.7% year on year), ¥1,752 million for specialty goods and stationery (99.8% year on year), and ¥505 million for rentals (69.6% year on year).」
While progressing toward a complete withdrawal against the backdrop of the shrinking rental market, rental revenue also declined to 69.6% of the previous year's level, and the impact of internet distribution and other factors on physical-store rentals is appearing in operating results. - FY2022-Q3WorsenedAnnual report
「Rental revenue: ¥1,049 million (¥1,501 million in the same quarter of the previous year)」
Although the application of the revenue recognition accounting standard affects comparability, rental revenue declined from ¥1,501 million in the same quarter of the previous year to ¥1,049 million, continuing to reflect the risks of a shrinking rental market and declining usage. - FY2021WorsenedAnnual report
「As rental usage declines due to changes in how customers enjoy video and music and this decline is expected to accelerate further, the company decided to withdraw from the business by the fiscal year ending October 2023 in order to pursue further growth and improved profitability through a business transformation.」
Assuming that the decline in rental usage due to smartphones and video streaming will accelerate further, the company describes its decision to withdraw by the fiscal year ending October 2023 as a prerequisite for transforming the business. - FY2021-Q3WorsenedAnnual report
「In recent years, the rental market itself has been shrinking due to the spread of smartphones and the growth of video streaming sites. Sales in this business have continued to fall below the previous year's level, and have declined particularly sharply in recent years as lifestyles have changed during the COVID-19 pandemic. In addition to declining rental usage as customers' ways of enjoying video and music change, this trend is expected to accelerate further going forward.」
The company states that the contraction of the rental market and decline in sales due to the spread of smartphones and video streaming sites are continuing and may accelerate further in the future. - FY2020RestatedAnnual report
「Internet distribution services for content such as music and video are shifting from per-content charges to subscription-based services, and the way consumers enjoy content is also changing with the spread of smartphones.」
The company continues to cite the risk that subscription-based distribution, the spread of smartphones and changes in content consumption methods will affect rental and sales. - FY2019RestatedAnnual report
「Internet distribution services for content such as music and video are shifting from per-content charges to subscription-based services, and the way consumers enjoy content is also changing with the spread of smartphones. This trend is affecting the rental and sale of music and video software at physical stores.」
The company continues to cite the risk that changes in content consumption resulting from subscription-based distribution and the spread of smartphones will affect the rental and sale of music and video software. - FY2019-Q1RestatedAnnual report
「The business environment surrounding the group also remains challenging due to various factors, including the spread of smartphones and the diversification of how people spend their time as video and music streaming services become more widespread.」
The company identifies the spread of smartphones, the growing availability of video and music streaming services, and the diversification of how people spend their time as ongoing factors contributing to the challenging environment surrounding its stores. - FY2018RestatedAnnual report
「Internet distribution services for content such as music and video are shifting from per-content charges to subscription-based services, and the way consumers enjoy content is also changing with the spread of smartphones. This trend is affecting the rental and sale of music and video software at physical stores.」
The company reiterates the risk that subscription-based distribution, the spread of smartphones and changes in content consumption methods will affect the rental and sale of music and video software. - FY2017First statedAnnual report
「Internet distribution services for content such as music and video are shifting from per-content charges to subscription-based services, and the way consumers enjoy content is also changing with the spread of smartphones. This trend is having a considerable impact on the rental and sale of music and video software at physical stores, and our company is no exception.」
The company indicates that changes in content consumption resulting from subscription-based distribution and the spread of smartphones may affect the rental and sale of music and video software at physical stores.