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INTEREST: Paper Making Company Files For Bankruptcy Following Comiket's Cancellation




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Thespacemaster



Joined: 03 Mar 2012
Posts: 683
PostPosted: Sat May 23, 2020 1:15 pm Reply with quote
They should of researched other options instead of relying on just one source to ease there financial strains, any good business would not rely on just one market.
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AkumaChef



Joined: 10 Jan 2019
Posts: 654
PostPosted: Sat May 23, 2020 2:02 pm Reply with quote
Thespacemaster wrote:
They should of researched other options instead of relying on just one source to ease there financial strains, any good business would not rely on just one market.


I totally agree, but in this particular industry and time period that's very difficult. The rise of online content has decimated the market for magazines and newspapers, meanwhile E-books have had a similar effect on physical books.

It sounds like it really was Comket's cancellation which killed them. The article mentions a "drop in sales" yet the data provided calculates out to less than a 1% change. Either they've been on the verge of bankruptcy since 2003 or Comiket publishers really were the core of their business.
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jdnation



Joined: 15 May 2007
Posts: 1278
PostPosted: Sat May 23, 2020 2:28 pm Reply with quote
Thespacemaster wrote:
They should of researched other options instead of relying on just one source to ease there financial strains, any good business would not rely on just one market.


That's easy to say, but many businesses rely on big events for a significant portion of their income. When you specilize in one kind of service, then there's not much else you can 'expand' to.
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Hoppy800



Joined: 09 Aug 2013
Posts: 2788
PostPosted: Sat May 23, 2020 3:13 pm Reply with quote
AkumaChef wrote:
Thespacemaster wrote:
They should of researched other options instead of relying on just one source to ease there financial strains, any good business would not rely on just one market.


I totally agree, but in this particular industry and time period that's very difficult. The rise of online content has decimated the market for magazines and newspapers, meanwhile E-books have had a similar effect on physical books.

It sounds like it really was Comket's cancellation which killed them. The article mentions a "drop in sales" yet the data provided calculates out to less than a 1% change. Either they've been on the verge of bankruptcy since 2003 or Comiket publishers really were the core of their business.


It's probably both, digital doujinshi has been a thing for quite a while and paper was suffering since the turn of the millennium, heck I stopped reading the newspaper when online news outlets were first established.
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Kougeru



Joined: 13 May 2008
Posts: 5131
PostPosted: Sat May 23, 2020 6:08 pm Reply with quote
Quote:
The company was already suffering financial difficulties due to the decline in demand for paper products in recent years


As with most so far, this was just a bankruptcy made earlier than it would've been. They had a slim future as it was. Can't really put your eggs in one basket when that basket is falling apart as is.
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nargun



Joined: 29 Mar 2006
Posts: 828
PostPosted: Sun May 24, 2020 1:11 am Reply with quote
Kougeru wrote:
Quote:
The company was already suffering financial difficulties due to the decline in demand for paper products in recent years


As with most so far, this was just a bankruptcy made earlier than it would've been. They had a slim future as it was. Can't really put your eggs in one basket when that basket is falling apart as is.


To point out: to a person with a passing understanding of changing trends in paper usage, it is of course reasonably obvious that the shift into supplies for doujin printing was itself originally a response to the decline in the market for fancy letter-paper.

[don't have a passing understanding of changing trends in paper usage? Then maybe-perhaps the world isn't ready for your pontifications on the bankruptcy of a paper company. mattaku.]
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Top Gun



Joined: 28 Sep 2007
Posts: 3600
PostPosted: Sun May 24, 2020 3:24 am Reply with quote
Yikes...imagine staking the future of your company on printing amateur nerd porn. Shocked
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OrangeVision



Joined: 24 May 2006
Posts: 77
Location: Finland
PostPosted: Sun May 24, 2020 6:03 am Reply with quote
Quote:
...a million yen decline from the same month in 2003.

150,000,000 yen decline, I presume article was talking about the value in dollars.

Quote:
The doujinshi convention was originally scheduled to take place from May to 5.

Something weird going on here too.

EDIT: Also the yahoo news link is pretty suspicious, I wouldn't click on it. It redirects to a spam site.
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Kisuke525



Joined: 05 Nov 2019
Posts: 138
PostPosted: Sun May 24, 2020 12:44 pm Reply with quote
Top Gun wrote:
Yikes...imagine staking the future of your company on printing amateur nerd porn. Shocked


VERY foolish to think that all doujinshi is porn. There are tons of doujinshi that have no sexual content at all.
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Top Gun



Joined: 28 Sep 2007
Posts: 3600
PostPosted: Sun May 24, 2020 2:28 pm Reply with quote
Kisuke525 wrote:

VERY foolish to think that all doujinshi is porn. There are tons of doujinshi that have no sexual content at all.

I'm well aware of that, but we all know just what drives the Comiket foot traffic.
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Kisuke525



Joined: 05 Nov 2019
Posts: 138
PostPosted: Sun May 24, 2020 3:41 pm Reply with quote
Top Gun wrote:
Kisuke525 wrote:

VERY foolish to think that all doujinshi is porn. There are tons of doujinshi that have no sexual content at all.

I'm well aware of that, but we all know just what drives the Comiket foot traffic.


Sorry. Your comment made you come across like someone who didn't know. And while the sexual doujinshi are a large reason people go many people do go just for the non sexual stuff and very mildly sexual stuff.
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Frog-kun



Joined: 10 Jun 2017
Posts: 85
PostPosted: Sun May 24, 2020 11:56 pm Reply with quote
OrangeVision wrote:
Quote:
...a million yen decline from the same month in 2003.

150,000,000 yen decline, I presume article was talking about the value in dollars.

Quote:
The doujinshi convention was originally scheduled to take place from May to 5.

Something weird going on here too.

EDIT: Also the yahoo news link is pretty suspicious, I wouldn't click on it. It redirects to a spam site.


Updated the source link and the typos. Thanks for pointing that out.
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TarsTarkas



Joined: 20 Dec 2007
Posts: 4516
Location: Virginia, United States
PostPosted: Mon May 25, 2020 11:29 am Reply with quote
Kougeru wrote:
Quote:
The company was already suffering financial difficulties due to the decline in demand for paper products in recent years


As with most so far, this was just a bankruptcy made earlier than it would've been. They had a slim future as it was. Can't really put your eggs in one basket when that basket is falling apart as is.


But sometimes you don't have a choice. If you can't win more profitable customers, you have to live with what you can get.
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