Impact of Licensing-Brand Contract Renewals on Performance
First written in FY2016. 6 of 14 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 8 of 42 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Blue Label Crestbridge Black Label Crestbridge 1. Grant of trademark license 2. Provision of technical information 3. Grant of manufacturing and sales rights 1 July 2027 to 30 June 2030」
The contracts for Blue Label Crestbridge and Black Label Crestbridge, which previously ran through 30 June 2027, were renewed and set to run through 30 June 2030. The risk of an impact on brand operations from contract termination has been addressed to a certain extent, but dependence on licensed brands remains. - FY2025MaterialisedAnnual report
「The license agreement for The Scotch House ended on 31 December 2024. The expense was incurred to dispose of IP-related merchandise following termination of the license agreement.」
Regarding the previously disclosed potential risks associated with license agreements, termination of the contract for The Scotch House has occurred, and ¥29 million in expenses for disposing of IP-related merchandise has been recorded. - FY2025-Q1RestatedAnnual report
「Macintosh Philosophy 1 July 2024 to 30 June 2030 Macintosh London 1 January 2025 to 30 June 2030 The Scotch House 1 January 2024 to 31 December 2024」
The Company reconfirms the contract status disclosed in the previous filing: the contract periods for Macintosh Philosophy and Macintosh London run through 2030, while the contract for The Scotch House will end on 31 December 2024. - FY2024ReframedAnnual report
「Macintosh Philosophy 1 July 2024 to 30 June 2030 Macintosh London 1 January 2025 to 30 June 2030 The Scotch House 1 January 2024 to 31 December 2024」
The Company states that the contract periods for Macintosh Philosophy and Macintosh London were renewed through 2030, while the license agreement for The Scotch House will end on 31 December 2024. - FY2023MitigatedAnnual report
「Blue Label Crestbridge Black Label Crestbridge 1 July 2022 to 30 June 2027」
The contract period for Blue Label Crestbridge and Black Label Crestbridge is stated as running through 30 June 2027. Dependence on licensed brands remains, but renewal of the contracts for these brands has been decided. - FY2022MitigatedAnnual report
「At a meeting of the Board of Directors held on 11 March 2021, the Company resolved to acquire the contract for the purchase of the Japanese trademark rights to the “Paul Stuart” brand held by Paul Stuart, Inc. (the “PSI”), entered into the contract on the same date, and completed the acquisition on 31 March 2021.」
Regarding the risk of being unable to handle the brand following renewal of the contract with the licensor, the Company states that it completed the acquisition of the domestic Japanese trademark rights for Paul Stuart and terminated the former sublicense agreement. - FY2021MitigatedAnnual report
「Entering into this contract enables us to avoid the risk that the Paul Stuart brand business would cease to be handled by our Company as a result of notice from the licensor terminating the contract.」
The Company states that acquiring the domestic Japanese trademark rights for Paul Stuart and terminating the former sublicense agreement enabled it to avoid the risk of no longer being able to handle the brand following contract termination. - FY2020RestatedAnnual report
「Currently, total sales from these licensed brands account for more than half of our group's total sales.」
The Company continues to describe its dependence on sales from licensed brands and the possibility that contract-renewal terms could affect operating results. The contract list also shows the contract periods for multiple brands. - FY2020-Q3MitigatedAnnual report
「Sanyo Shokai Co., Ltd. Mitsui & Co., Ltd. Paul Stuart 1. Grant of trademark license 2. Provision of technical information 3. Grant of manufacturing and sales rights 1 April 2020 to 31 March 2025 Sanyo Shokai Co., Ltd. Yagi Tsusho Limited Macintosh Japan Co., Ltd. Macintosh London 1. Grant of trademark license 2. Provision of technical information 3. Grant of manufacturing and sales rights 1 January 2020 to 31 December 2024」
The contracts concerning the trademarks, technical information, and manufacturing and sales rights for Paul Stuart and Macintosh London were each renewed, with the contract periods specified. The contract-renewal risk for these brands has been addressed to a certain extent, but the disclosure does not state that dependence on licensed brands itself has been eliminated. - FY2018RestatedAnnual report
「Currently, total sales from these licensed brands account for more than half of our group's total sales.」
The Company continues to describe its dependence on sales from licensed brands and the possibility that contract-renewal terms could affect operating results. - FY2019-Q1MitigatedAnnual report
「Macintosh Philosophy 1. Grant of trademark license 2. Provision of technical information 3. Grant of manufacturing and sales rights 1 July 2018 to 30 June 2024」
The contract period for Macintosh Philosophy was renewed from 1 July 2018 to 30 June 2024. Blue Label Crestbridge and Black Label Crestbridge were also renewed from 1 July 2018 to 30 June 2022, indicating that renewal of the contracts disclosed this time had been decided. - FY2018-Q2RestatedAnnual report
「During the second-quarter consolidated accounting period, we mutually agreed to terminate the contract listed below, effective 28 April 2017.」
The Company reiterates that the contracts concerning the trademark license, technical information, and manufacturing and sales rights for “Pringle 1815” were mutually terminated effective 28 April 2017. - FY2018-Q1MaterialisedAnnual report
「We mutually agreed to terminate the contracts listed below, effective 28 April 2017.」
The contract for “Pringle 1815,” including licensing arrangements, was mutually terminated. The Company also describes a decline in sales during the quarter due to brand discontinuations and other measures accompanying business-structure reform, but does not expressly state a direct causal relationship with the termination of this contract. - FY2016First statedAnnual report
「Currently, total sales from these licensed brands account for more than half of our group's total sales. However, depending on the terms and other conditions at the time of contract renewal, our group's operating results could be affected.」
The Company quantifies its dependence on licensed brands by showing that their total sales account for more than half of group sales, and identifies the effect of contract-renewal terms on operating results as a risk.