Komori
Business Alliances3195GENERATION PASS CO.,LTD.Retail

Notice Regarding Business Progress in the Joint Development and Sale of Functional Fibers for Apparel with ITOCHU Corporation, and the Extension and Partial Amendment of the Term of the Basic Agreement

The term of the basic agreement with ITOCHU Corporation concerning the joint development and sale of functional fibers for apparel has been extended to the end of April 2027. Sales activities have changed from exclusive negotiations to a framework in which both companies conduct sales through their respective channels and share customer requests and market responses.

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Agreements reached under this partnership

Business Alliances
3195GENERATION PASS CO.,LTD.
Alliance partnerITOCHU Corporation
Details of the alliance
  1. 1

    Both companies will conduct sales activities by leveraging their respective sales channels, customer bases and expertise, and mutually share the inquiries received, customer requests and market responses.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionHas domestic and overseas apparel distribution networks
Impact on Business Performance

The impact of this matter on our results for the fiscal year ending October 2026 will be immaterial.

Contract PeriodContract term: changed from the end of October 2026 to the end of April 2027
Agreements reached under this partnership
ItemDetails
Name of alliance partnerITOCHU Corporation
Alliance partner's business activitiesHas domestic and overseas apparel distribution networks
Type of allianceBusiness Alliances
Details of the allianceBoth companies will conduct sales activities by leveraging their respective sales channels, customer bases and expertise, and mutually share the inquiries received, customer requests and market responses.
Contract PeriodContract term: changed from the end of October 2026 to the end of April 2027
Impact on Business PerformanceThe impact of this matter on our results for the fiscal year ending October 2026 will be immaterial.
Items this document does not state (17)
Alliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

This is to transition to an operational framework in which both companies approach the market individually and advance development while sharing the results, thereby leveraging ITOCHU Corporation's domestic and overseas apparel distribution networks as well as our sales channels in bedding, sports, outdoor and other markets to expand opportunities for adoption of the materials and shorten the development cycle.

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Notice Regarding Business Progress in the Joint Development and Sale of Functional Fibers for Apparel with ITOCHU Corporation, and the Extension and Partial Amendment of the Term of the Basic Agreement | GENERATION PASS CO.,LTD. (3195) timely disclosure | Komori