Surging Paper and Book Logistics Costs
First written in FY2024. 2 of 4 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026-H1.
SE Holdings and Incubations moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 64 of 103 companies on the "Worse" side.
28 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「In the publishing business, event revenue performed strongly. However, lower book, e-book and online advertising revenue, together with higher costs and selling expenses, resulted in revenue of ¥1,953 million, down 9.4% year on year, and segment profit (operating profit) of ¥223 million, down 39.8%.」
Higher production and selling costs actually materialized during the current interim consolidated accounting period and, together with declines in book, e-book, and online advertising revenue, became a factor behind lower profit in the publishing business. - FY2025RestatedAnnual report
「In the publishing business, books, e-books and events performed steadily. However, lower online advertising revenue and higher costs and selling expenses resulted in revenue of ¥4,376 million, up 3.3% from the previous fiscal year, and segment profit (operating profit) of ¥740 million, down 17.1%.」
Higher production and selling costs were confirmed as a factor behind lower profit in the publishing business for the full fiscal year. Higher revenue from solid sales of books and related products coexisted with lower profit due to rising costs. - FY2025-H1MaterialisedAnnual report
「In the publishing business, books, e-books and events performed steadily. However, amid a weak online advertising market and higher costs and selling expenses, revenue was ¥2,156 million, up 7.3% year on year, while segment profit (operating profit) was ¥371 million, down 8.3%.」
Higher production and selling costs actually materialized and, together with the sluggish online advertising market, became factors behind lower profit in the publishing business. - FY2024First statedAnnual report
「Various factors, including the decline in consumers’ purchasing power and demand for books due to the end of the COVID-19 pandemic and higher prices, further bookstore closures and business exits, and rising prices for paper, a raw material used in book production, and book distribution costs, could affect the Group’s operating results.」
As a risk in the publishing business, the company identified for the first time the rise in paper and book distribution costs as a standalone factor weighing on performance.