Kodansha sales and e-book business rights outperform paper
On the 19th, the major publishing company Kodansha announced in their full-year financial results, that for the first time the financial earnings of their electronic books and business rights outperformed their paper publications.
From December of 2019 until November of 2020, of the 144.9 billion yen in Kodansha sales, paper magazines and book sales netted only 63.5 billion yen which is about a 1.2% decrease, while e-books sales reached 53.2 billion yen which is a 19.4 percent increase. Hit manga such as “That Time I Got Reincarnated as a Slime” and “Attack on Titan” continued to remain popular and then there is the stay-at-home order due to the Coronavirus crisis which both seems to have contributed to the change. About 17 billion yen in revenue was earned from business rights in manga adaptations such as anime, games, etc., and in particular, overseas-focused content which increased by about 30% from the previous year.
Kodansha’s overall sales have increased by 6.7% from last year, and it’s net income for the year increased 3.6 billion yen which overall is about 10.8 billion yen.
According to the Institute of Publishing Science, in the last 20 years, the electronic publishing world as a whole has a market size of 393.1 billion yen, which is an increase of 28% from the previous year. In the last 16 years, it has nearly doubled, which accounts for nearly a quarter of the entire market for paper. Among these, 87% are electronic comics, and in major manga publishing companies such as Kodansha, electronic publishing has become significantly higher in percentage. Meanwhile, the paper market has been declining for the past 16 consecutive years. (Fumina Takizawa)
[One of my translated articles (for practice)]