Risks related to acquiring character rights, renewing contracts and competitor use
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2026.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If we are unable to obtain merchandising licenses for popular characters from the rights holders, or if contracts with rights holders relating to merchandising licenses for characters currently in use are terminated, the performance of our group may be affected. In addition, although we enter into merchandising license agreements for product development, these agreements generally cover individual categories rather than granting comprehensive merchandising rights for the character, and do not restrict competitors from using the same character.」
The company reaffirmed the risks of being unable to acquire rights, contract termination and competitors' use under non-exclusive, category-specific contracts. - FY2021RestatedAnnual report
「If we are unable to obtain merchandising licenses for popular characters from the rights holders, or if contracts with rights holders relating to merchandising licenses for characters currently in use are terminated, the performance of our group may be affected. In addition, although we enter into merchandising license agreements for product development, these agreements generally cover individual categories rather than granting comprehensive merchandising rights for the character, and do not restrict competitors from using the same character.」
The company reaffirmed the risks of being unable to acquire rights, contract termination and competitors' use under non-exclusive, category-specific contracts. - FY2020RestatedAnnual report
「In product development, we provide products using characters for which we have obtained merchandising licenses under agreements with rights holders holding the merchandising rights. However, if we are unable to obtain merchandising licenses for popular characters from the rights holders, or if contracts with rights holders relating to merchandising licenses for characters currently in use are terminated, the performance of our group may be affected. In addition, although we enter into merchandising license agreements for product development, these agreements generally cover individual categories rather than granting comprehensive merchandising rights for the character, and do not restrict competitors from using the same character.」
The company reaffirmed the risks of being unable to acquire rights, contract termination and competitors' use under non-exclusive, category-specific contracts. - FY2019RestatedAnnual report
「If we are unable to obtain merchandising licenses for popular characters from the rights holders, or if contracts with rights holders relating to merchandising licenses for characters currently in use are terminated, the performance of our group may be affected. In addition, although we enter into merchandising license agreements for product development, these agreements generally cover individual categories rather than granting comprehensive merchandising rights for the character, and do not restrict competitors from using the same character.」
The company reiterated the risks of being unable to acquire rights, contract termination and competitors' use under non-exclusive, category-specific contracts. - FY2018First statedAnnual report
「If we are unable to obtain merchandising licenses for popular characters from the rights holders, or if contracts with rights holders relating to merchandising licenses for characters currently in use are terminated, the performance of our group may be affected. In addition, although we enter into merchandising license agreements for product development, these agreements generally cover individual categories rather than granting comprehensive merchandising rights for the character, and do not restrict competitors from using the same character.」
The company has for the first time separately disclosed the risks of being unable to acquire rights to popular characters, contract termination, and competitors' use of the same characters under non-exclusive, category-specific contracts.