Risks relating to royalties, minimum guarantees and licensing agreements
First written in FY2016. 20 of 21 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 2 of 14 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2024-Q2RestatedAnnual report
「During the six months ended the second quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2023RestatedAnnual report
「When launching new content services and products, the Group may pay content holders a minimum guarantee. Accordingly, if the number of users falls below forecasts when new content services and products are launched and the minimum guarantee cannot be recovered, this could affect the Group's operating results, financial position and cash flows.」
The risks relating to unrecovered minimum guarantees, royalties and usage fee rates, prepaid expenses, and licensing agreements continue to be identified. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2022RestatedAnnual report
「When launching new content services and products, if the number of users falls below forecasts and the minimum guarantee cannot be recovered, this could affect the Group's operating results, financial position and cash flows.」
The risks relating to royalties and usage fee rates, prepaid expenses, and unrecovered minimum guarantees continue to be identified. - FY2020RestatedAnnual report
「If the number of users falls below forecasts and the minimum guarantee cannot be recovered, this could affect the Group's operating results, financial position and cash flows.」
The risks relating to royalties and usage fee rates, prepaid expenses, and unrecovered minimum guarantees are reaffirmed. - FY2020-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2020-Q2RestatedAnnual report
「During the six months ended the second quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2020-Q1RestatedAnnual report
「During the first quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to royalties, minimum guarantees and licensing agreements. - FY2018RestatedAnnual report
「Accordingly, when launching new content services and products, if the number of users falls below the Company's forecast and the minimum guarantee cannot be recovered, this could affect the Company's operating results, financial position and cash flows.」
The risks of discontinued licensing agreements, higher usage fee rates, and unrecovered prepaid expenses and minimum guarantees are reaffirmed. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing risks relating to royalties, minimum guarantees and licensing agreements. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the existing risks relating to royalties, minimum guarantees and licensing agreements. - FY2017RestatedAnnual report
「Accordingly, when launching new content services and products, if the number of users falls below the Company's forecast and the minimum guarantee cannot be recovered, this could affect the Company's operating results, financial position and cash flows.」
The risks of unrecovered royalties, licensing terms, prepaid expenses and minimum guarantees are reaffirmed. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing risks relating to royalties, minimum guarantees and licensing agreements. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the existing risks relating to royalties, minimum guarantees and licensing agreements. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the existing risks relating to royalties, minimum guarantees and licensing agreements. - FY2016First statedAnnual report
「Accordingly, when launching new content services and products, if the number of users falls below the Company's forecast and the minimum guarantee cannot be recovered, this could affect the Company's operating results, financial position and cash flows.」
The discontinuation of licensing agreements, higher usage fee rates, and the failure to recover prepaid expenses and minimum guarantees are identified as risks.