Revenue model, ResurRec Japan section: RIAJ 2025 vinyl production
(3.38M records, 8.4bn yen, fifth year of growth), short domestic supply
(6 to 12 month lead times at Toyo Kasei and Sony per P-Vine, orders
placed abroad via brokers), the photographed presses at about a fifth of
Japan's volume on one shift. No published Asia-wide intent; the rest of
Asia has local plants, so Japan-from-Japan and SEA-from-Bangkok is our
reading. Consequence for CNX's ~0.74M regional demand (roadmap item 1).
grabowski
793ea02c22