Risks related to license renewals and changes in terms
First written in FY2016. 17 of 20 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「However, this did not fully offset the decline in sales of certain licensed brands whose contracts expired in the previous consolidated fiscal year」
The decline in sales of certain licensed brands whose contracts expired in the previous consolidated fiscal year continues to affect performance and could not be fully offset by sales of other products. - FY2025-H1MaterialisedAnnual report
「Although sales declined following the termination of the contract for CAROLINA HERRERA, a leading brand in the wholesale division」
In connection with the risks related to license renewals and changes in terms, the contract for the leading brand CAROLINA HERRERA ended, and sales actually declined. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal risks, including risks related to license renewals and changes in terms. - FY2023-Q2RestatedAnnual report
「There are no material changes concerning the occurrence of key risks or the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal risks, including risks related to license renewals and changes in terms. - FY2023-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risks related to license renewals and changes in terms. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal risks, including risks related to license renewals and changes in terms. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal risks, including risks related to license renewals and changes in terms. - FY2021RestatedAnnual report
「The above license agreements are customarily for terms of 2 to 3 years in many cases. Their impact may include revisions to contractual terms upon renewal and changes in management policy resulting from M&A and other events affecting the licensors.」
The company continues to disclose risks such as changes in license renewal terms and M&A on the supply side. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its principal risks, including risks related to license renewals and changes in terms. - FY2020-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2020-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2019-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. The performance explanation in this filing does not mention any new impact from the termination of a license agreement. - FY2019-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were reported regarding the risks related to license renewals and changes in terms. The explanation of quarterly performance does not mention any new impact from the termination of a license agreement. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2018-Q2RestatedAnnual report
「The impact of the end of the licensing agreement for a core brand and changes in inbound spending trends, among other factors, could not be offset, resulting in 92.9% of the previous year's level.」
The impact of the termination of the core brand license agreement continues to be reflected in performance. No material changes have been reported regarding the emergence of new contractual risks. - FY2018-Q1MaterialisedAnnual report
「Sales were 91.7% of the prior-year level due to the termination of a license agreement for a core brand and changes in inbound consumption trends, among other factors.」
In connection with the previously identified risks related to license renewals and changes in terms, the license agreement for a core brand actually ended. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks related to license renewals and changes in terms. - FY2016First statedAnnual report
「The above license agreements are customarily for terms of 2 to 3 years in many cases. Their impact may include revisions to contractual terms upon renewal and changes in management policy resulting from M&A and other events affecting the licensors.」
The company depends on the manufacturing and sales rights for prominent brands and identifies changes in the renewal terms of 2-to-3-year contracts and M&A on the supply side as risks.