Key Facts
• Shuwa System, a Tokyo-based publisher, notified partners of legal restructuring on July 1.
• The company faces liabilities of approximately ¥1.893 billion as of March 2024.
• Peak sales in July 2002 reached ¥2.7 billion but later fell below ¥2 billion.
• Established in 1974, Shuwa System employs 70 staff and publishes business and IT books.
• Shuwa acquired Funai Electric in 2021, which filed for bankruptcy in October 2023.
• Shuwa’s president, Tomokazu Ueda, served as Funai Electric’s president until September 2023.
Summary
Shuwa System, a Tokyo-based publisher renowned for its ‘First Time’ business book series, has entered legal restructuring due to insolvency. The company, established in 1974 with 70 employees, reported liabilities of ¥1.893 billion as of March 2024. Once achieving peak sales of ¥2.7 billion in 2002, Shuwa’s revenue declined below ¥2 billion amid a publishing industry downturn. The publisher plans to transfer its operations to another company. Shuwa is also known for acquiring Funai Electric in 2021, which later filed for bankruptcy in October 2023. Shuwa’s president, Tomokazu Ueda, previously held the same role at Funai Electric until September 2023.
