Termination of Magna-Tiles Intermediary Trading and Transition to an IP Royalty Model
First written in FY2024. 3 of 5 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「In overseas sales, following a change in the contract with the US customer for Magna-Tiles, the company switched from the prior fiscal year's intermediary trading and shipping model to receiving royalty income on bundled products containing its IP, and was therefore not directly affected by US trade policy in April.」
The transition for Magna-Tiles from an intermediary trading and shipping model to a model generating royalty income from bundled products containing the company's IP, which began in the 48th fiscal year, has continued. - FY2025RestatedAnnual report
「From January 2024, Magna-Tiles will be traded directly between the distributor and the manufacturing plant, and the company will receive royalty income from the IP it owns. 」
For Magna-Tiles, the company confirmed for the full fiscal year the contractual change to a model involving direct transactions between the distributor and manufacturing plant, with the company receiving IP royalty income. Overseas sales and royalty income for the current fiscal year amounted to ¥220.382 million. - FY2025-H1RestatedAnnual report
「In overseas sales, following a change to the agreement with the U.S. buyer of MAGNA-TILES, the business shifted from product sales to royalty income from the current fiscal year for sets incorporating the company's IP, resulting in a substantial decline in sales compared with the previous fiscal year.」
The transition from intermediary trading to IP royalty income announced in FY2024 continued through the first half. With the change to the new revenue model, overseas sales and royalty income amounted to 6.1% of the prior-year period. - FY2025-Q1AchievedAnnual report
「For overseas sales, following a change in the contract with the seller of Magna-Tiles for the US market, the business changed from the current period to royalty income on sets for which the Company owns the IP, resulting in a substantial decline in sales compared with periods through the previous fiscal year.」
The transition from intermediary trading to an IP royalty model announced in FY2024 took effect during the current fiscal year. Overseas sales and royalty income declined from ¥561.157 million in the same period of the prior year to ¥50.576 million. - FY2024First statedAnnual report
「From January 2024, Magna-Tiles will be traded directly between the distributor and the manufacturing plant, and the company will receive royalty income from the IP it owns. 」
From January 2024, the company will end its intermediary trading and shipments and transition to direct transactions between the manufacturing plant and distributor. It explained that the company will eliminate new product development and intermediary coordination work and change to a contractual model under which it receives royalty income for the use of its IP, while net sales are expected to decline substantially.