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> (b) we allow businesses to profit wildly while not paying enough (by exploiting (a)), because we have the taboo that not meddling with the market is the best
by ggreer 6y ago
> (b) we allow businesses to profit wildly while not paying enough (by exploiting (a)), because we have the taboo that not meddling with the market is the best course of action. A more englightened society that didn't pay too much attention to economy pundits working for rich people, might find a way for better revenue sharing with employees...
The highest profit margin I can find is Toei Animation, which in 2020 made 11.4 billion yen in profit on 54.8 billion yen in sales[1], giving them a 20% profit margin. If every animation studio had that high of a profit margin and 100% of profits went to workers, industry wages would rise 20%. Though if that were the case, the company's profits would be zero and one bad year would end them.
1. https://web.archive.org/web/20200930164251/http://corp.toei-anim.co.jp/files/IR/33_1Q/202103_1Q_keisu.pdf https://web.archive.org/web/20200930164251/http://corp.toei-...
- newsclues 6y agoDo we know there is no Hollywood accounting in animation?
- ggreer 6y agoWe can't be completely sure, but the assets, sales, and employee numbers look reasonable to me. The only weird corporate structure I found was Studio Ghibli. Their museum's store (but not the museum itself) is run by Mammayuto Co., Ltd.[1] This company loses 60 million yen a year but has only 1 million yen in liabilities. I'm guessing it's a way for Studio Ghibli to avoid taxes of some kind. https://translate.google.com/translate?hl=en&sl=ja&u=https://shukatsusoken.com/analysis/studio-ghibli/&prev=search&pto=aue https://translate.google.com/translate?hl=en&sl=ja&u=https:/...