Shueisha: Year-End Losses For First Time

According to a post at Anime News Network, major Japanese publisher Shueisha reported that it lost $49 million USD during its most recent fiscal year, ending May 31, 2010. It was the first time the publisher had ever announced year-end losses, and the fourth year in a row it had announced declining revenues.

Culprits were believed to be a decline in real-estate holdings and a singificant drop in advertising revenue. Magazine and book volume sales rose.

Shueisha joins Kodansha (November 2009) and Shogakukan (February 2010) as publishers showing a loss in recent fiscal years.
 
posted 11:55 am PST | Permalink
 

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