Generation Pass Co.,Ltd.
Notice Regarding Business Progress on Joint Development and Sales of Functional Textiles for Apparel with Itochu Corporation and Extension and Partial Amendment of the Memorandum of Understanding Contract Period
Extended the contract period of the memorandum of understanding on joint development and sales with Itochu Corporation from the end of October 2026 to the end of April 2027. Sales activities will shift to an operational structure where both companies jointly pursue the market and share and expand distribution channels. Focus on realizing projects for Spring/Summer 2027 while simultaneously proposing for Spring/Summer 2028. Impact on fiscal 2026 results is expected to be minor.
Key Figures
- Contract period extension: End of October 2026 → End of April 2027
- Change in contract terms: From exclusive sales negotiations to a mutual shared operational sales structure
- Timing of impact: Spring/Summer 2027 projects, Proposal activities for Spring/Summer 2028
AI要約
Status of the Partnership, Development, and Contract Extension
Under the memorandum of understanding with Itochu Corporation on joint development and sales, sample evaluations and adoption discussions for summer products are ongoing, and production schedules aiming for delivery in Spring 2027 across multiple categories are at the planning stage. Development is also underway for multifunctional materials combining sustained cooling with UV protection, heat shielding, water repellency, and other functions as a functional material. The contract period has been extended from the end of October 2026 to the end of April 2027. Sales activities will transition to an operational structure in which both companies share know-how while jointly approaching the market.
Outlook and Impact on Results
Proceeding in parallel with efforts to ensure realization of Spring/Summer 2027 projects and proposal activities toward Spring/Summer 2028. The impact of this matter on results for the fiscal year ending October 2026 is expected to be minor. If a material impact arises, it will be disclosed promptly.
Generation Pass Co.,Ltd.
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