Discrepancy in understanding regarding the scope of income reporting to music copyright management organizations and consultation expenses
First written in FY2025. 2 of 5 entries say "Materialised", first in FY2025. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We had continued discussions with the Japanese Society for Rights of Authors, Composers and Publishers (JASRAC) and NexTone, Inc., a music copyright management company, respectively, toward resolving differences in understanding regarding the content of revenue reporting in connection with the use of songs on our “TwitCasting” service, and the matters under discussion have now been resolved.」
The matters under discussion with the music copyright management organizations regarding the scope of revenue reporting were resolved. However, ¥282.333 million in resolution costs was recorded as an extraordinary loss. - FY2026-H1MaterialisedAnnual report
「We continued discussions with the management organization regarding the content of revenue reporting in connection with the use of songs on our “TwitCasting” service. During the interim accounting period, we recorded an extraordinary loss of ¥75.1 million for additional costs that may arise in connection with achieving an appropriate resolution of the matters under discussion.」
Discussions with the music copyright management organization regarding the scope of revenue reporting continued, and ¥75.1 million in additional costs was recorded as an extraordinary loss. As in the previous period, costs related to the matter were actually incurred. - FY2025MaterialisedAnnual report
「During an audit by a music copyright management organization, hereinafter the “management organization,” differences in understanding between the organization and us became apparent regarding the scope of revenue subject to reporting in connection with the use of songs on our “TwitCasting” service. We are negotiating an appropriate resolution of the matter and recorded ¥160 million in related costs as transaction consultation expenses.」
Differences in understanding regarding the scope of revenue reporting to the music copyright management organization became apparent, and ¥160 million in costs related to negotiations toward a resolution was recorded as an extraordinary loss.