After publishing over 700 issues, the Devlins sell Metropolis to Lloyd, a New Zealand and Australian dual national, based in Japan. Over 14 years the magazine has grown to over 80 full-color pages every week made by a team of 35 staff from all over the world. The magazine has annual sales of ¥360 million and 20% profit, from hundreds of display and commercial classified advertisers and is, by far, Japan’s No 1 English magazine. A brief history of Metropolis is here.
The Devlins sell Japan Today to GPlus Media, a Tokyo-based publishing company known for Real Estate Japan and GaijinPot, a community site for foreigners in Japan.
GPlus Media, the company that publishes Japan Today, is sold to Fuji TV-Lab, a subsidiary of Fuji Media Holdings Inc. The sales also includes GPlus’ other internet properties, including GaijinPot and Real Estate Japan. Fuji TV-Lab:
The Japanese government has set an annual target of 20 million foreign visitors to Japan in 2020 for the Tokyo Olympic/Paralympics Games and Fuji Media Holdings expects this will increase the demand for media targeting foreign residents and visitors to Japan at an accelerated pace. In the context of this trend, Fuji Media Holdings understands that there is a favorable opportunity to create several inbound/outbound businesses and thus welcomes GPlus Media and REJ into the group to strengthen its ability to reach the foreign community in Japan.