Risk of Infringing Third-Party Intellectual Property Rights and Renewing Character and Brand Licenses
First written in FY2016. 1 of 4 entries say "Restated". Latest entry: FY2021-Q3.
Transaction moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 4 of 43 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2021-Q3ReframedAnnual report
「The Group has entered into product commercialization license agreements with these rights holders and believes it has built good relationships with them. However, if the agreements are not renewed because their terms are changed at renewal or the parties cannot agree on the terms, or if they are terminated or expire due to the rights holder's bankruptcy or discontinuation of the brand, this may affect the Group's results of operations.」
The disclosure explicitly identifies, in addition to disagreement over contract terms, the risks of termination or expiration of third-party intellectual property and licensing agreements due to the rights holder's bankruptcy or discontinuation of the brand. - FY2020-Q2MitigatedAnnual report
「It has been reported that Laura Ashley Holdings Plc in the United Kingdom became insolvent. However, this will not affect the development of the LAURA ASHLEY brand in Japan because ITOCHU Corporation holds the master license rights in Japan.」
The disclosure explains that the insolvency of LAURA ASHLEY's overseas parent company will not affect the brand's operations in Japan because the Japanese master license rights are held locally. - FY2017RestatedAnnual report
「The products and services provided by the Group may, depending on the proposed project, infringe third-party intellectual property rights or constitute unfair competition. Accordingly, when proposing projects and commercializing products, the Group confirms the existence of intellectual property rights, except for standard off-the-shelf products.」
The risk of infringing third-party intellectual property rights and of refusal to renew or termination of character and brand licensing agreements continues to be disclosed. - FY2016First statedAnnual report
「Because proposed projects may infringe third-party intellectual property rights or constitute unfair competition, the Group confirms the existence of intellectual property rights when proposing projects and commercializing products, except for standard off-the-shelf products. In addition, if a license agreement is not renewed or is terminated due to its terms and conditions at the time of renewal, this may affect the Group's results of operations.」
While conducting checks through patent attorneys, the disclosure identifies infringement of third-party rights and refusal to renew or termination of licensing agreements as risks.