Risk of lower sales of branded products due to the discontinuation or termination of license agreements
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「For made-to-order shirts, the company will narrow its licensed brand portfolio and enhance the product assortment under the CHOYA brand.」
The company continues to narrow its licensed brand portfolio and enhance the CHOYA brand’s product assortment as it addresses reliance on licensed brands. - FY2024MaterialisedAnnual report
「In accordance with the Accounting Standard for Inventory Valuation (Accounting Standards Board of Japan Statement No. 9), the company recorded ¥78,103 thousand as an inventory valuation loss for product inventories deemed unsaleable or unusable due to the expiration of licensed brand agreements.」
The expiration of licensed brand agreements materialized again during the fiscal year as an inventory valuation loss of ¥78,103 thousand for product inventories deemed unsaleable or unusable. - FY2024-Q3MitigatedAnnual report
「For made-to-order shirts, as it narrowed its licensed brand portfolio, the company expanded its in-store presence, including by enhancing the product assortment under the CHOYA brand, thereby increasing customer awareness.」
The company indicates that it is reducing its reliance on licensed brands by narrowing the licensed brand portfolio and expanding the CHOYA brand’s product assortment and in-store presence. - FY2023MaterialisedAnnual report
「Due to the downsizing of certain customers’ businesses, a review of the brand business, and the expiration of licensed brand agreements, the company recorded an inventory write-down of ¥84,122 thousand for product inventories deemed unsaleable or unusable as an inventory valuation loss.」
The expiration of licensed brand agreements materialized as product inventories being deemed unsaleable or unusable and an inventory valuation loss of ¥84 million. - FY2020MitigatedAnnual report
「To reduce this risk, the company is shifting from Western licensed brands to original brands. In particular, for the CHOYA brand, it is pursuing a product policy that does not rely on licensed brands by expanding brand corners in department-store sales areas, promoting the brand overseas through exhibitions such as Pitti Uomo in Italy, and communicating the value of Japanese-made brands internationally to enhance brand value.」
To reduce reliance on licensed brands, the company is shifting to original brands such as CHOYA, expanding in-store displays, and promoting the brands overseas. - FY2020-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk of lower sales of branded products due to the discontinuation or termination of license agreements is reaffirmed in a comprehensive statement that there have been no material changes. - FY2019RestatedAnnual report
「The company develops products bearing licensed trademarks, mainly for sale through department stores. However, if license agreements are discontinued or terminated, the development of products bearing those trademarks may be suspended, resulting in lower sales.」
The company reiterates the risk that product development will be suspended and sales will decline if license agreements are discontinued or terminated. - FY2019-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk of lower sales of branded products due to the discontinuation or termination of license agreements is reaffirmed in a comprehensive statement that there have been no material changes. - FY2018RestatedAnnual report
「The company develops products bearing licensed trademarks, mainly for sale through department stores. However, if license agreements are discontinued or terminated, the development of products bearing those trademarks may be suspended, resulting in lower sales.」
The company reiterates the risk that product development will be suspended and sales will decline if license agreements are discontinued or terminated. - FY2017RestatedAnnual report
「There is a risk that the development of products bearing the relevant trademarks will be suspended and sales will decline if license agreements are discontinued or terminated.」
The company reiterates the risk that product development will be suspended and sales will decline if licensed brand agreements are discontinued or terminated. - FY2016First statedAnnual report
「There is a risk that the development of products bearing the relevant trademarks will be suspended and sales will decline if license agreements are discontinued or terminated.」
Dependence on license agreements associated with the development of licensed brands, mainly products for department stores, is identified as a risk.