Reliance on the Yahoo! Brand and Overseas Licenses
First written in FY2020-Q1. 3 of 6 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2022-Q3.
1 other company's latest entry also says "Mitigated".
- FY2022-Q3MitigatedAnnual report
「Under this agreement, the Yahoo Japan License Agreement was terminated on 22 September 2021.」
In response to its dependence on the Yahoo! brand and technology, the existing license agreement was terminated and rights to use the trademarks and technology in Japan were obtained. The consideration was ¥178.5 billion. - FY2022-Q2MitigatedAnnual report
「Under this agreement, the Yahoo Japan License Agreement was terminated on 22 September 2021.」
In response to its dependence on the Yahoo! brand and technology licenses, trademark rights in Japan and perpetual rights to use the relevant technologies were obtained, and the existing license agreement was terminated. Yahoo! became able to use the relevant trademarks, technologies and other assets without paying royalties. - FY2022-Q1MitigatedAnnual report
「Under this agreement, subject to conditions precedent including the completion of the sale of Verizon Media, scheduled for the second half of 2021, Oath Holdings, Inc., the counterparty to the Yahoo Japan License Agreement, and ヤフー㈱ have agreed to enter into a new agreement and terminate the Yahoo Japan License Agreement. As a result, ヤフー㈱ will be able to use the relevant trademarks, technologies and other assets without paying royalties. The consideration for the above is ¥178.5 billion.」
In response to its dependence on the Yahoo! brand and technology licenses, the parties agreed to obtain trademark rights in Japan, perpetual rights to use the technology, and terminate the existing license agreement. The disclosure also states that the transaction remained at the contractual stage before implementation and was subject to conditions precedent including the sale of Verizon Media. - FY2020RestatedAnnual report
「Use of the Yahoo! and LINE Mobile brands」
The risk of dependence relating to the use of the Yahoo! and LINE Mobile brands and changes to, termination of or non-performance under licensing agreements has been reiterated. - FY2020-Q2RestatedAnnual report
「With respect to trademarks, which are central to the rights relating to the brand, Oath Holdings, Inc. files, registers and maintains the trademarks worldwide. As a result, trademarks may not have been registered in fields independently required by our group in Japan.」
The risks of dependence on the Yahoo! brand, agreements with overseas group companies, trademark and software licenses, exclusivity provisions and domain names have been reiterated. - FY2020-Q1First statedAnnual report
「Because the Yahoo! brand has a global presence, efforts to establish the brand are being pursued worldwide in cooperation with the various overseas Yahoo! group companies. However, our group cannot guarantee the success of those companies' efforts. In addition, some of the group's agreements with overseas Yahoo! group companies contain exclusivity provisions.」
Following the consolidation of the Yahoo! business, dependence on the establishment of the brand by overseas Yahoo! group companies, trademark and software licensing agreements, exclusivity provisions and domain names has been identified as a new risk.