GENERATION PASS CO.,LTD. [3195.T]
TOKYO, Apr 28 (Pulse News Wire) – Generation Pass CO.,LTD. (3195.T) announced today that it has extended its basic agreement with Itochu Corporation for the joint development and sale of functional fibers aimed at the apparel industry.
The initial contract was set to expire at the end of April 2026 but has now been extended until October 2026. Since signing the agreement on October 27, 2025, Generation Pass and Itochu have made significant progress toward commercializing their functional fibers, particularly focusing on persistent cooling materials. The companies have secured orders through collaborative efforts and are currently working with multiple apparel brands and clients to further develop and refine their products.
The extension aims to optimize the performance and quality of the PCM lyocell fiber, ensuring a balance between functionality and consumer comfort. Additionally, there is growing demand for multifunctional capabilities such as antibacterial properties, quick-drying features, and UV protection, which the companies plan to incorporate to enhance product differentiation. Looking ahead, Generation Pass expects the extended agreement to support the successful launch of their products during the spring and summer seasons of 2027.
While the impact on the fiscal year ending October 2026 is expected to be minor, the company anticipates contributions to revenue beginning in the fiscal year ending October 2027.
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