Termination of Brand License Agreement
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our directly operated restaurant “atelier 森本XEX” and “CÉ LA VI TOKYO,” operated by our equity-method affiliate ICONIC LOCATIONS JAPAN Co., Ltd., operate under licenses from third parties, and the restaurant names may no longer be usable if the agreements are terminated.」
The risks of being unable to use the restaurant names, a decline in brand strength, and a decrease in sales due to the termination of third-party licenses continue to be disclosed. - FY2024RestatedAnnual report
「Our directly operated restaurant “atelier 森本XEX” and “CÉ LA VI TOKYO,” operated by our equity-method affiliate ICONIC LOCATIONS JAPAN Co., Ltd., operate under licenses from third parties, and the restaurant names may no longer be usable if the agreements are terminated.」
The risks of being unable to use the restaurant names, a decline in brand strength, and a decrease in sales due to the termination of third-party licenses continue to be disclosed. - FY2023First statedAnnual report
「Our directly operated restaurant “atelier 森本XEX” and “CÉ LA VI TOKYO,” operated by our equity-method affiliate ICONIC LOCATIONS JAPAN Co., Ltd., operate under licenses from third parties, and the restaurant names may no longer be usable if the agreements are terminated.」
For the 2 brands licensed from third parties, the inability to use the restaurant names following contract termination, a decline in brand strength, and a decrease in sales were disclosed for the first time as separate risks.