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Chuokeizai-Sha Holdings (9476) · RiskSoftenedLatest Earnings (2026-08-06): "Restated"

Contraction of the Book and Magazine Market and Challenging Business Environment

First written in FY2016-Q3. 18 of 36 entries say "Worsened", first in FY2016. Latest entry: 2026-08-06.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q2 – FY2020-Q32016: 220162017: 420172018: 320182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Shrinking demand for traditional print, publishing and media, and the shift to digitalA theme 32 companies write about · 31 as a headwind · 1 as a tailwind

Chuokeizai-Sha Holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).

The whole theme swung hardest in 2020: 14 of 25 companies on the "Worse" side.

20 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 32 companies compared. The sentences above are computed from all 32.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06RestatedEarnings

    「The market environment remained challenging, with estimated sales of books and magazines at the end of the third quarter declining 2.3% year on year (Research Institute for Publications).」

    The company stated that the contraction of the books and magazines market and the challenging business environment continued.
  2. FY2026-H1SoftenedAnnual report

    「Estimated sales of books and magazines for the interim consolidated accounting period declined 3.8% year on year, according to the Research Institute for Publications. The contraction of the print market remains unchecked, and conditions remain difficult.」

    The print market continues to contract, but the rate of decline narrowed from 4.8% for the full previous fiscal year to 3.8% for the interim period. Meanwhile, the difficult environment remains, as the contraction of the market is described as unchecked.
  3. 2026-05-12OtherEarnings

    「Estimated sales of books and magazines during the cumulative second-quarter (interim-period) consolidated accounting period declined 3.8% year on year (Research Institute for Publications), and the contraction of the print media market remained unchecked, leaving conditions challenging.」

    Although the rate of market contraction was smaller than in the previous full year, the company maintained its view that the print media market continued to contract and conditions remained challenging.
  4. FY2025SoftenedAnnual report

    「According to the Research Institute for Publications, estimated sales of publications fell below the previous year for both books and magazines in the fiscal year under review, down 4.8% overall from the previous fiscal year.」

    The publishing market continues to contract, but the rate of decline narrowed slightly from 5.1% in the previous fiscal year to 4.8%.
  5. FY2025-H1The market continues to contract, although the rate of decline narrowed slightly from the full previous fiscal year.Annual report

    「In the publishing industry in which our group operates, industry-wide initiatives, including higher prices for new books and improved return rates, are gradually progressing. However, the decline in the number of new titles and copies issued has not stopped, and the contraction continues, with estimated sales of books and magazines for the interim consolidated accounting period declining 4.9% year on year, according to the Research Institute for Publications.」

    The downward trend in the publishing market continues, but the decline narrowed from 5.1% for the full previous fiscal year to 4.9% for the interim period. Meanwhile, it is noted that the decline in the number of new titles and copies issued has not stopped.
  6. FY2024SoftenedAnnual report

    「According to the Research Institute for Publications, estimated sales of publications fell below the previous year for both books and magazines in the fiscal year under review, down 5.1% overall from the previous fiscal year.」

    The publishing market continues to contract, but the rate of decline narrowed from 6.3% in the previous fiscal year. Meanwhile, a full-fledged recovery has not yet been achieved.
  7. FY2024-Q2WorsenedAnnual report

    「In the publishing industry in which our group operates, the e-book market continues to expand steadily, but the combined market for print and electronic publications is trending downward owing to declines in print magazines and books. Estimated sales of books and magazines for the cumulative second quarter of the fiscal year under review also declined 5.6% year on year, according to the Research Institute for Publications, and the contraction continues.」

    The expansion of the e-book market is noted, while the combined print and electronic market is described as trending downward owing to the decline in print publications. Estimated sales of books and magazines declined 5.6% year on year.
  8. FY2024-Q1SoftenedAnnual report

    「The medium- to long-term contraction continues, with estimated sales of books and magazines for the cumulative first quarter of the fiscal year under review declining 4.8% year on year, according to the Research Institute for Publications.」

    The publishing market continues to contract, but the year-on-year rate of decline narrowed from the previously reported 5.8% to 4.8%. Meanwhile, the medium- to long-term contraction remains in place.
  9. FY2023SoftenedAnnual report

    「According to the Research Institute for Publications, estimated sales of publications fell below the previous year for both books and magazines in the fiscal year under review, down 6.3% overall from the previous fiscal year.」

    The publishing market continues to contract, down 6.3% from the previous fiscal year, although the rate of decline narrowed slightly from 6.7% in the previous fiscal year.
  10. FY2023-Q3WorsenedAnnual report

    「In the publishing industry in which our group operates, the number of copies issued for new books and magazines continued to decline despite rising average prices. Estimated sales of books and magazines at the end of the cumulative third quarter of the fiscal year under review declined 9.8% year on year, according to the Research Institute for Publications, and the medium- to long-term contraction continues.」

    The year-on-year rate of decline in estimated sales of publications worsened to 9.8% from the previous 6.3% decline. The decline in the number of copies issued for new publications and the medium- to long-term market contraction also continue.
  11. FY2023-Q2WorsenedAnnual report

    「In the publishing industry in which our group operates, estimated sales of books and magazines declined 6.3% year on year, according to the Research Institute for Publications, partly because a number of large bookstores closed in succession, and the medium- to long-term downward trend continues.」

    The successive closures of large bookstores were cited as a new factor worsening conditions. The rate of decline in estimated sales was 6.3% year on year, and the market continues to contract over the medium to long term.
  12. FY2023-Q1SoftenedAnnual report

    「In the publishing industry in which our group operates, estimated sales of books and magazines declined 5.8% year on year, according to the Research Institute for Publications, and the medium- to long-term downward trend continues.」

    The publishing market continues to decline, but the year-on-year rate of decline narrowed from 6.7% for the full previous fiscal year to 5.8%, indicating a slight improvement in numerical terms. Meanwhile, the medium- to long-term downward trend continues.
  13. FY2022WorsenedAnnual report

    「According to the Research Institute for Publications, estimated sales of publications fell below the previous year for both books and magazines in the fiscal year under review, down 6.7% overall from the previous fiscal year.」

    Against a backdrop of the end of stay-at-home demand and a decline in the number of bookstores, estimated sales of publications declined 6.7% from the previous fiscal year, and the market continues to contract.
  14. FY2022-Q3WorsenedAnnual report

    「In the publishing industry in which our group operates, estimated sales of books and magazines declined 7.2% year on year, according to the Research Institute for Publications. Stay-at-home demand during the COVID-19 pandemic has also run its course, and the medium- to long-term downward trend continues.」

    Estimated sales in the publishing market declined 7.2% year on year, an acceleration from the 7.1% decline in the previous quarter. The medium- to long-term downward trend following the end of stay-at-home demand is also noted.
  15. FY2022-Q2WorsenedAnnual report

    「In the publishing industry in which our group operates, estimated sales of books and magazines declined 7.1% year on year, reflecting the reaction to last year's expansion in demand from stay-at-home demand, according to the Research Institute for Publications.」

    The reaction to stay-at-home demand caused estimated sales of books and magazines to decline 7.1% year on year, and market conditions deteriorated from the increases recorded through the previous quarter.
  16. FY2022-Q1WorsenedAnnual report

    「In the publishing industry in which our group operates, the expansion in demand for books and magazines from last year's stay-at-home demand has run its course, and estimated sales of books and magazines declined 6.4% year on year, according to the Research Institute for Publications.」

    The expansion in demand from stay-at-home demand has run its course, and estimated sales of books and magazines declined 6.4% year on year. Market conditions have deteriorated from the increases recorded through the previous quarter.
  17. FY2021-Q3SoftenedAnnual report

    「Meanwhile, in the publishing industry in which our group operates, sales of books and magazines continued to increase, following the previous quarter, owing to stay-at-home demand during the COVID-19 pandemic, particularly for literary books, children's books and educational manga. Estimated sales of books and magazines for the cumulative third quarter of the fiscal year under review increased 3.6% year on year, according to the Research Institute for Publications. However, structural change across the industry remains limited, and difficult conditions are expected to continue over the medium to long term.」

    Estimated sales of books and magazines increased 3.6% year on year, indicating an improvement in short-term market conditions. Meanwhile, structural change remains limited, and the assessment remains that difficult conditions will continue over the medium to long term.
  18. FY2021-Q2SoftenedAnnual report

    「Meanwhile, in the publishing industry in which our group operates, sales of books and magazines through online bookstores have increased, particularly for literary books, children's books and educational manga, owing to stay-at-home demand during the COVID-19 pandemic. Estimated sales of books and magazines for the cumulative second quarter of the fiscal year under review increased 4.0% year on year, according to the Research Institute for Publications, but difficult conditions are expected to continue over the medium to long term.」

    Estimated sales of books and magazines increased 4.0% year on year, indicating an improvement in short-term market conditions from the previous period. Meanwhile, the assessment remains that difficult conditions will continue over the medium to long term.
  19. FY2021-Q1SoftenedAnnual report

    「Meanwhile, in the publishing industry in which our group operates, estimated sales of books and magazines increased 3.1% year on year, according to the Research Institute for Publications, supported by stronger demand for books and magazines from stay-at-home demand and the positive impact of the release of popular comics. However, the polarization among publishing genres became more pronounced.」

    Estimated sales of books and magazines increased 3.1% year on year, improving from the previous period, when the market was contracting. Meanwhile, polarization among publishing genres became more pronounced.
  20. FY2020RestatedAnnual report

    「The publishing industry in which our group operates continues to face a contracting market, compounded by bookstores suspending operations or shortening their hours amid the spread of infectious disease, with no signs of improvement or recovery. According to the Research Institute for Publications, estimated sales of publications fell below the previous year for both books and magazines in the fiscal year under review, down 3.0% overall from the previous fiscal year.」

    The publishing market contracted 3.0% from the previous fiscal year. Although the rate of decline was smaller than in the previous fiscal year, the assessment remains that there are no signs of improvement or recovery, compounded by bookstore closures and other factors.
  21. FY2020-Q3WorsenedAnnual report

    「In the publishing industry, in which our group operates, estimated sales of books and magazines during the first 9 months of the fiscal year under review fell 3.6% year on year (Research Institute for Publications). The impact of COVID-19 was also added, and difficult conditions continue.」

    The estimated value of publishing-market sales was down 3.6% year on year, in line with the 3.6% decline in the previous quarter, while noting the additional impact of COVID-19.
  22. FY2020-Q2WorsenedAnnual report

    「In the publishing industry, in which our group operates, the decline in book and magazine sales shows no sign of abating. During the first 6 months of the fiscal year under review, estimated sales of books and magazines fell 4.3% year on year (Research Institute for Publications), and difficult conditions continue.」

    Estimated sales of books and magazines fell 4.3% year on year, indicating that the decline in sales shows no sign of abating.
  23. FY2020-Q1WorsenedAnnual report

    「In the publishing industry, in which our group operates, the release of a much-discussed comic had a positive impact, but this was not enough to lift the market overall. Estimated sales of books and magazines fell 4.9% year on year (Research Institute for Publications), and difficult conditions continue.」

    Estimated sales in the publishing market fell 4.9% year on year, and market contraction and a difficult business environment from the previous period continue.
  24. FY2019WorsenedAnnual report

    「In the publishing industry, in which our group operates, the market continues to shrink, the number of companies withdrawing from the industry is trending upward, and the impact of frequent natural disasters has compounded the situation, leaving no signs of improvement or recovery. According to the Research Institute for Publications, estimated sales of publications during the fiscal year under review were below the previous year for both books and magazines, falling 3.5% overall from the previous fiscal year.」

    The statement says that contraction in the publishing market continues and that the number of companies withdrawing from the industry is increasing. Estimated sales fell 3.5% from the previous fiscal year, indicating that there are no signs of improvement or recovery.
  25. FY2019-Q3WorsenedAnnual report

    「In the publishing industry, which is part of our group's business domain, estimated sales of books and magazines fell 3.8% year on year (Research Institute for Publications), and difficult conditions continue.」

    Estimated sales of publications fell 3.8% year on year, with the rate of decline increasing from the previous quarter's 3.6%. Difficult market conditions continue.
  26. FY2019-Q2WorsenedAnnual report

    「In the publishing industry, in which our group operates, the decline in book and magazine sales shows no sign of abating. During the first 6 months of the fiscal year under review, estimated sales of books and magazines fell 3.6% year on year (Research Institute for Publications), and difficult conditions continue.」

    The statement says that the decline in book and magazine sales shows no sign of abating, and estimated sales fell 3.6% year on year.
  27. FY2019-Q1SoftenedAnnual report

    「In the publishing industry, in which our group operates, books showed signs of recovery, but the decline in magazine sales showed no sign of abating. Estimated sales of books and magazines fell 1.5% year on year (Research Institute for Publications), and difficult conditions continue.」

    Books showed signs of recovery, and the decline in estimated sales narrowed to 1.5% year on year, slightly easing the description of market contraction. Meanwhile, the decline in magazines showed no sign of abating, and difficult conditions continue.
  28. FY2018-Q3SoftenedAnnual report

    「In the publishing industry, which is part of our group's business domain, estimated sales of books and magazines fell 8.2% year on year (Research Institute for Publications), and difficult conditions continue.」

    The market contraction rate was an 8.2% year-on-year decline, a slight numerical improvement from the previous quarter's 8.3% decline. Meanwhile, difficult conditions continue.
  29. FY2018-Q2WorsenedAnnual report

    「In the publishing industry, in which our group operates, the decline in book and magazine sales shows no sign of abating. Estimated sales of books and magazines fell 8.3% year on year (Research Institute for Publications), and difficult conditions continue.」

    Estimated sales of books and magazines fell 8.3% year on year. Although the level improved from the previously reported 9.0% year-on-year decline, the statement says that the declining sales trend shows no sign of abating.
  30. FY2018-Q1WorsenedAnnual report

    「In the publishing industry, in which our group operates, the decline in book sales showed some signs of easing, but the sharp decline in magazine sales had a significant impact. Estimated sales of books and magazines fell 9.0% year on year (Research Institute for Publications), and difficult conditions continue.」

    While book sales showed some signs of stabilizing, the sharp decline in magazines had a significant impact, and estimated sales of books and magazines fell 9.0% year on year. The rate of contraction increased from the 5.6% full-year decline in the previous period and the 3.9% decline in the first quarter of the previous year.
  31. FY2017WorsenedAnnual report

    「According to the Research Institute for Publications, estimated sales of publications during the fiscal year under review were below the previous year for both books and magazines, falling 5.6% overall from the previous fiscal year, with no signs of improvement or recovery.」

    Estimated sales of publications fell 5.6% from the previous fiscal year, indicating that market contraction continues, as with the previous fiscal year's 4.1% decline and the 6.5% decline in the third quarter.
  32. FY2017-Q3WorsenedAnnual report

    「In the publishing industry, which is part of our group's business domain, estimated sales of books and magazines fell 6.5% year on year (Research Institute for Publications), and difficult conditions continue.」

    The decline in estimated sales of publications reached 6.5% year on year, worsening from the previous quarter's 4.7% decline.
  33. FY2017-Q2SoftenedAnnual report

    「In the publishing industry, in which our group operates, book sales showed signs of improvement, but estimated sales of books and magazines fell 4.7% year on year (Research Institute for Publications), and difficult conditions continue.」

    The statement describes book sales as showing signs of improvement, a slight easing from the previous quarter's indication that the decline was slowing. Meanwhile, estimated sales of books and magazines fell 4.7% year on year, and difficult conditions continue.
  34. FY2017-Q1SoftenedAnnual report

    「In the publishing industry, in which our group operates, the decline in book sales showed signs of slowing, but estimated sales of books and magazines fell 3.9% year on year (Research Institute for Publications), and difficult conditions continue.」

    The statement says that the decline in book sales showed signs of slowing, expressing the risk of market contraction somewhat less severely despite the 3.9% year-on-year decline.
  35. FY2016WorsenedAnnual report

    「The publishing industry, in which our group operates, continues to shrink. According to the Research Institute for Publications, estimated sales of publications were below the previous year for both books and magazines during the fiscal year under review, falling 4.1% overall from the previous fiscal year, with no signs of improvement.」

    Estimated sales of publications fell 4.1% from the previous fiscal year overall, explicitly indicating that market contraction has continued and that no improvement has been achieved beyond the previous fiscal year's contraction.
  36. FY2016-Q3First statedAnnual report

    「In the publishing industry, estimated sales of books and magazines fell 4.0% year on year (Research Institute for Publications), and difficult conditions continue.」

    The statement gives the figure of a 4.0% year-on-year decline in the publishing market, describing market contraction as an ongoing development.
Moved together

"Uncertainty over the outlook caused by the United Kingdom’s exit from the EU, the downturn in emerging-market economies, and the appreciation of the yen" moved the same way as this thread, in the same document, in 16 of its 36 moves.

16158664★123456
  1. ★This thread
  2. 1Uncertainty over the outlook caused by the United Kingdom’s exit from the EU, the downturn in emerging-market economies, and the appreciation of the yen16×
  3. 2Revenue and Profit Growth and Improved Profit Levels15×
  4. 3Impact of the Spread of COVID-19 on Economic Activity and Business Performance8×
  5. 4Diversification of Advertising Media and Decline in Magazine Advertising Placements6×
  6. 5Discontinuation of a Major Customer's Magazine6×
  7. 6Rising logistics costs and raw material prices4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Chuokeizai-Sha Holdings yet. It last moved in the Earnings of 2026-08-06: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Contraction of the Book and Magazine Market and Challenging Business Environment | CHUOKEIZAI-SHA HOLDINGS,INC. (9476) | Komori