On December 25, 2019, the company sold part of its merchandise sales business, including inventory related to uniforms, to BM Fun Co., Ltd. The company agreed not to compete in Japan with the transferred business during and after a transition period, except for karate and kendo wear, martial arts equipment, and jointly developed products. The company receives royalty income from these products. Other merchandise, such as baseball caps and uniforms, is sold at sports school events, generating insignificant revenue. BM Fun Co., Ltd. is identified as a supplier in company filings.
Leifras Co Ltd's Comment on Supply Chain
On December 25, 2019, the company sold part of its merchandise sales business, including inventory related to uniforms, to BM Fun Co., Ltd. The company agreed not to compete in Japan with the transferred business during and after a transition period, except for karate and kendo wear, martial arts equipment, and jointly developed products. The company receives royalty income from these products. Other merchandise, such as baseball caps and uniforms, is sold at sports school events, generating insignificant revenue. BM Fun Co., Ltd. is identified as a supplier in company filings.
Sources:
Leifras Co Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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