With Japan’s cramped living quarters, arrival of the iPad and other tablets and it’s non-existent e-book market, there has been an explosion of start-ups offering consumers to turn their paper books into e-books that can be used on such tablets as the iPad. Japan currently has the largest market for paper books and magazines, worth over $24 billion a year, yet the e-book market is currently earning less than $1 billion per year, driving customers to alternatives such as scanning books into PDF’s for use on tablets and e-readers.
One such start-up, Bookscan was founded by Yusuke Ohki and childhood friend, Shinya Iwamatsu last April and has done gangbusters, expanding its workforce to 120 people in less than 12 months. Ohki said to Bloomberg “the iPad’s release is the biggest factor in making this business possible” and said his inspiration for starting the business was the 2000 physical books that were crowding out his small Tokyo apartment.
