Risks of trademark infringement, unfavorable changes to brand license terms and non-renewal
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2021-Q3.
SHINTO Holdings moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 9 of 45 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「The licence agreement for the PIKO brand will end with the spring/summer 2020 season, and the company will seek to improve brand quality by making effective use of the properties it owns.」
The company continues to describe the occurrence of non-renewal and termination of the PIKO brand licence agreement, as well as its policy of using the properties it owns. - FY2021-Q2MaterialisedAnnual report
「During the second quarter of the current consolidated fiscal year, following discussions with PIKO, Inc., the company's licensor, it was decided that the licence agreement would not be renewed from 2020 onward and that the licence agreement for the PIKO brand would end.」
The previously disclosed risk of non-renewal of the licence agreement actually occurred with respect to the PIKO brand. - FY2019RestatedAnnual report
「If a brand for which the company has a licence agreement is found to have a similar trademark registered in Japan, the rights holder of that registered trademark may claim infringement of its rights. In addition, if, in introducing a new brand, the company becomes liable for damages due to trademark infringement or can no longer continue using the brand, this could affect the company's performance.」
The company continues to describe the risks of trademark infringement involving brands, inability to continue using a brand, and risks related to licence agreements. - FY2018RestatedAnnual report
「If a brand for which the company has a licence agreement is found to have a similar trademark registered in Japan, the rights holder of that registered trademark may claim infringement of its rights. In addition, if, in introducing a new brand, the company becomes liable for damages due to trademark infringement or can no longer continue using the brand, this could affect the company's performance.」
The company continues to describe the risks of trademark infringement involving brands, inability to continue using a brand, and unfavorable changes to or non-renewal of licence agreement terms. - FY2017First statedAnnual report
「If a brand for which the company has a licence agreement is found to have a similar trademark registered in Japan, the rights holder of that registered trademark may claim infringement of its rights. In addition, if, in introducing a new brand, the company becomes liable for damages due to trademark infringement or can no longer continue using the brand, this could affect the company's performance. The terms of the company's agreements with each licensor, meaning the brand owner, in its current wholesale business may be revised in the future. If the current terms are changed to terms unfavorable to the company or an agreement is not renewed, this could affect the company's performance.」
The company has, for the first time, specifically listed as risks claims of infringement based on similar brand trademarks, liability for damages and inability to continue using a brand upon the introduction of a new brand, and unfavorable changes to or non-renewal of licence agreement terms.