Limited consolidation within Japan’s publishing industry
Mergers and acquisitions (M&A) amongst Japanese publishers is very rare, unlike in the United States and the United Kingdom where the big story is consolidation. The vast majority of Japan’s publishing houses are small or medium sized. 60% of publishers in Japan employ less than 10 people. Only 30 publishers employ more than 1,000 people across all forms of publishing. There are about 3,700 publishers in Japan. The top 500 publishers account for more than 90 percent of sales.
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