Light novels

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Light novels have a reputation as being "mass-produced and disposable," an extreme example being Kazuma Kamachi who wrote one novel a month for two years straight, and the author turnover rate is very high. As such, publishing companies are constantly searching for new talent with annual contests, many of which earn the winner a cash prize and publication of their novel. The Dengeki Novel Prize is the largest, with over 6,500 submissions (2013) annually. They are all clearly labeled as "light novels" and are published as low-priced paperbacks. For example, the price for The Melancholy of Haruhi Suzumiya in Japan is ¥540 (including 5% tax), similar to the normal price for trade paperbacks—light novels and general literature—sold in Japan. In 2007 it was estimated (according to a website funded by the Japanese government) that the market for light novels was about ¥20 billion (US$170 million at the exchange rate at the time) and that about 30 million copies were published annually. Kadokawa Corporation's publishing subsidiary, which owns major labels like Kadokawa Sneaker Bunko and Dengeki Bunko, has a 70% to 80% share of the market. In 2009, light novels made ¥30.1 billion in sales, or about 20% of all sales of bunkobon format paperback books in Japan.