Dependence on Technical Support from Multimodal Technologies
First written in FY2017. 6 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 9 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「An agreement to prepay in a lump sum the licence fees for the 10-year period from 1 October 2025 to 30 September 2035.」
Continues to disclose the 10-year licence fee prepayment agreement with Solventum Health Information Systems, Inc. - FY2024Change in contracting partyAnnual report
「For all of the above agreements, the name of the counterparty changed from 3M Health Information Systems, Inc. to Solventum Health Information Systems, Inc. in May 2024.」
For the technology transfer and cross-licence agreements relating to speech recognition technology, the name of the counterparty changed from 3M Health Information Systems, Inc. to Solventum Health Information Systems, Inc. - FY2022RestatedAnnual report
「An agreement to prepay in a lump sum the licence fees for the 10-year period from 1 October 2025 to 30 September 2035.」
Continues to disclose the technology transfer and licence agreements with 3M Health, as well as the 10-year prepayment agreement covering October 2025 to September 2035. - FY2020Change in contracting partyAnnual report
「Multimodal Technologies, LLC was acquired by 3M, and for all of the above agreements, the name of the counterparty changed from Multimodal Technologies, LLC to 3M Health Information Systems, Inc. on 30 December 2019.」
The name of the counterparty to the technology transfer and licence agreements changed from Multimodal Technologies, LLC to 3M Health Information Systems, Inc. The company also disclosed the agreement to prepay the 10-year licence fees in a lump sum. - FY2020-Q3RestatedAnnual report
「This was due to the lump-sum prepayment of US$3 million (¥324 million) to Multimodal Technologies, LLC. (US) as the licence fees for the 10-year period from 1 October 2025 to 30 September 2035, as well as a ¥213 million increase in property, plant and equipment resulting from the relocation of the head office and other factors.」
Continues to disclose the contract period and prepaid amount relating to the lump-sum prepayment of the 10-year licence fees to Multimodal Technologies, LLC. - FY2020-Q2RestatedAnnual report
「An agreement to prepay the 10-year licence fees in a lump sum. The contract period runs from 1 October 2025 to 30 September 2035.」
Continues to disclose the terms of the agreement with Multimodal Technologies, LLC. to prepay the 10-year licence fees in a lump sum. - FY2020-Q110-year licence prepayment agreementAnnual report
「The company has entered into an agreement to pay in advance, in a lump sum, the licence fees for the 10-year period from 1 October 2025 to 30 September 2035.」
With respect to the technology transfer agreement with Multimodal Technologies, LLC., the company entered into an addendum providing for the licence fees for the 10-year period from October 2025 to September 2035 to be prepaid in a lump sum. It does not state that all technical support risks have been eliminated. - FY2019RestatedAnnual report
「However, if the cooperative relationship with MTL is disrupted for any reason in the future, the company may no longer be able to receive the technical support it currently obtains from MTL, which could affect its business operations.」
Continues to disclose the risk of dependence on MTL for technical support. - FY2018RestatedAnnual report
「However, if the cooperative relationship with MTL is disrupted for any reason in the future, the company may no longer be able to receive the technical support it currently obtains from MTL, which could affect its business operations.」
Continues to disclose the risk of dependence on Multimodal Technologies for technical support. - FY2017First statedAnnual report
「However, if the cooperative relationship with MTL is disrupted for any reason in the future, the company may no longer be able to receive the technical support it currently obtains from MTL, which could affect its business operations.」
Discloses the contractual rights relating to the speech recognition program, as well as the risk that its cooperative relationship and technical support from MTL could cease.