BrilliA Signs 5-Year Trademark License Agreement with Jockey
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
BrilliA announced that its Indonesia operating company, PT. Mirae Asia Pasifik, has entered into a 5-year Trademark License Agreement with Jockey International to source, design, manufacture, market, promote, and sell Jockey branded products in Indonesia. The agreement grants BrilliA the exclusive license to offer a broad portfolio of Jockey products in Indonesia for both men and women, including underwear, bras, shapewear, socks, activewear, loungewear, and sleepwear. In the coming months, BrilliA plans to establish a multi-channel distribution framework in Indonesia, encompassing wholesale partnerships, licensee-owned retail stores, and licensee-owned e-commerce platforms, alongside approved social commerce channels.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BRIA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BRIA
About BRIA
BrilliA Inc is a holding company, which is engaged in providing a full solution service as design and supply chain partner for the women's intimate wear industry. The Company’s products include Active Wear, Bra Panties, Lingerie, Shape Wear, Sleep Wear, and Swim Wear. It offers various services, such as design & development, order execution, and supply chain management. The Company’s subsidiaries include Bra Pro Limited (Bra Pro), PT Mirae Asia Pasifik (MAP), and BrilliA Holdings (Singapore) Pte. Ltd (BrilliA Singapore). Bra Pro is principally engaged in the sales and marketing of lingerie products executed by MAP, serving customers from the American and European markets. MAP is principally engaged in fulfilling the execution of lingerie and apparel product orders requested by Bra Pro while offering design conception solutions related to these orders. BrilliA Singapore is an investment holding company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BrilliA Partners with Jockey for Five-Year Expansion in Indonesia
- Brand Expansion Agreement: BrilliA has signed a five-year Trademark License Agreement with Jockey International to exclusively sell Jockey® products in Indonesia, including underwear and activewear, which is expected to significantly enhance the brand's market share in the region.
- Market Potential: With over 280 million people, Indonesia's apparel market is estimated at $22-23 billion annually, including $10.7 billion in women's apparel, positioning BrilliA to capitalize on this substantial growth opportunity.
- Multi-Channel Distribution Strategy: BrilliA plans to establish a distribution framework through wholesale, retail, and e-commerce channels, ensuring comprehensive coverage of the Jockey brand in Indonesia, thereby enhancing brand visibility and consumer touchpoints.
- Rebranding Opportunity: As Jockey celebrates its 150th anniversary, BrilliA's partnership provides a unique opportunity for the brand's reintroduction in Indonesia, with expectations to increase consumer awareness and loyalty through localized marketing strategies and disciplined brand-building efforts.
See More
BrilliA Forms Strategic Alliance with HH4K to Enhance Local Manufacturing
- Strategic Alliance Established: BrilliA has formed a strategic alliance with HH4K through its subsidiaries to expand localized component manufacturing in Indonesia, marking a significant advancement in the company's commitment to building a diversified supply chain in Southeast Asia.
- Production Capacity Enhancement: HH4K has commenced production of foam pads for BrilliA orders at its new foam molding facility in Central Java, improving production efficiency and reducing lead times, thereby enhancing customer responsiveness.
- Market Positioning Optimization: This alliance not only reinforces Indonesia's role as a global manufacturing hub but also provides BrilliA with more flexible customer development options, addressing global brands' needs for diversified production.
- Supply Chain Efficiency Improvement: By being close to sewing operations, BrilliA can significantly reduce lead times for components, optimizing inventory levels and improving cash flow, which enhances the company's operational capabilities in a competitive market.
See More
BrilliA Inc. Reports 1H 2025 Financial Results
- Earnings Performance: BrilliA Inc. reported a GAAP EPS of $0.05 for 1H 2025, indicating some profitability despite a decline, reflecting the company's resilience amid market fluctuations.
- Revenue Decline: The company reported revenue of $24.6 million, a 10.2% year-over-year decrease, highlighting significant sales challenges in the context of intensified competition and weakened market demand.
- Gross Margin Change: The gross profit margin was 14.3%, down from 15.4% in the prior year, indicating increased cost pressures that could impact future profitability and investor confidence.
- Cash Flow Status: As of September 30, 2025, cash and cash equivalents were approximately $6.6 million, down from $7.7 million on March 31, 2025, suggesting liquidity challenges that necessitate close attention to future cash management strategies.
See More
BrilliA Reports Financial Results for H1 2025
- Revenue Decline: BrilliA reported revenue of $24.6 million for H1 2025, a 10.3% decrease from $27.4 million in H1 2024, primarily due to a 13.5% drop in North American export sales, approximately $3.2 million, highlighting challenges in the global trade environment.
- Cost Control Success: Despite revenue pressures, the company achieved positive operating cash flow of $2.1 million, a significant turnaround from a $0.2 million cash outflow in the same period of 2024, demonstrating success in manufacturing efficiency and cost management.
- Margin Compression: Gross profit margin decreased from 15.4% to 14.3%, reflecting pressures in the overall pricing environment, with net income dropping to $41,000 from $1.1 million in the prior year, indicating challenges to profitability under current market conditions.
- Asset Growth: As of September 30, 2025, total assets reached $31.1 million, a 9.5% increase from $28.4 million on March 31, 2025, with a current ratio of 1.93, indicating the company maintains a solid liquidity position and financial health.
See More
BrilliA Partners with Ai Sakura to Enter Japan's Athleisure Market
- Market Expansion Strategy: BrilliA's subsidiary, Bra Pro Limited, has entered a collaboration with Tokyo-based Ai Sakura to launch high-margin athleisure products in Japan in the second half of 2026, aiming to diversify revenue streams and enhance utilization of existing production capacity through capital-light expansion.
- Innovative Collaboration Model: Under the agreement, Bra Pro will manage sourcing and production using existing manufacturing infrastructure, while Ai Sakura will handle product design and market execution, creating an asset-light structure that minimizes capital expenditure and enhances gross margin contributions.
- Brand Positioning and Market Potential: Japan, as a mature consumer economy with strong purchasing power and growing fitness trends, will enhance BrilliA's exposure in performance apparel, laying the groundwork for potential future expansions into other Asian markets.
- Long-Term Earnings Outlook: BrilliA CEO Kendrew Hartanto noted that this collaboration reflects the company's disciplined growth approach and has the potential to create an additional revenue channel with significant long-term earnings potential.
See More
BrilliA Announces NYSE Bell Ringing Event on August 25th
BrilliA's NYSE Debut: BrilliA Inc successfully rang the opening bell at the NYSE on August 25, 2025, marking its commencement of trading on the NYSE American Stock Exchange, and engaged in positive discussions with investors and media during the event.
Financial Performance and Growth Prospects: For the fiscal year ending March 31, 2025, BrilliA reported a revenue increase to $64.4 million, alongside a production agreement in Cambodia aimed at enhancing market entry and revenue growth, particularly for its proprietary lingerie brand, DIANA, in Southeast Asia.
See More
BrilliA Partners with Jockey for Five-Year Expansion in Indonesia
- Brand Expansion Agreement: BrilliA has signed a five-year Trademark License Agreement with Jockey International to exclusively sell Jockey® products in Indonesia, including underwear and activewear, which is expected to significantly enhance the brand's market share in the region.
- Market Potential: With over 280 million people, Indonesia's apparel market is estimated at $22-23 billion annually, including $10.7 billion in women's apparel, positioning BrilliA to capitalize on this substantial growth opportunity.
- Multi-Channel Distribution Strategy: BrilliA plans to establish a distribution framework through wholesale, retail, and e-commerce channels, ensuring comprehensive coverage of the Jockey brand in Indonesia, thereby enhancing brand visibility and consumer touchpoints.
- Rebranding Opportunity: As Jockey celebrates its 150th anniversary, BrilliA's partnership provides a unique opportunity for the brand's reintroduction in Indonesia, with expectations to increase consumer awareness and loyalty through localized marketing strategies and disciplined brand-building efforts.
See More
BrilliA Forms Strategic Alliance with HH4K to Enhance Local Manufacturing
- Strategic Alliance Established: BrilliA has formed a strategic alliance with HH4K through its subsidiaries to expand localized component manufacturing in Indonesia, marking a significant advancement in the company's commitment to building a diversified supply chain in Southeast Asia.
- Production Capacity Enhancement: HH4K has commenced production of foam pads for BrilliA orders at its new foam molding facility in Central Java, improving production efficiency and reducing lead times, thereby enhancing customer responsiveness.
- Market Positioning Optimization: This alliance not only reinforces Indonesia's role as a global manufacturing hub but also provides BrilliA with more flexible customer development options, addressing global brands' needs for diversified production.
- Supply Chain Efficiency Improvement: By being close to sewing operations, BrilliA can significantly reduce lead times for components, optimizing inventory levels and improving cash flow, which enhances the company's operational capabilities in a competitive market.
See More
BrilliA Inc. Reports 1H 2025 Financial Results
- Earnings Performance: BrilliA Inc. reported a GAAP EPS of $0.05 for 1H 2025, indicating some profitability despite a decline, reflecting the company's resilience amid market fluctuations.
- Revenue Decline: The company reported revenue of $24.6 million, a 10.2% year-over-year decrease, highlighting significant sales challenges in the context of intensified competition and weakened market demand.
- Gross Margin Change: The gross profit margin was 14.3%, down from 15.4% in the prior year, indicating increased cost pressures that could impact future profitability and investor confidence.
- Cash Flow Status: As of September 30, 2025, cash and cash equivalents were approximately $6.6 million, down from $7.7 million on March 31, 2025, suggesting liquidity challenges that necessitate close attention to future cash management strategies.
See More
BrilliA Reports Financial Results for H1 2025
- Revenue Decline: BrilliA reported revenue of $24.6 million for H1 2025, a 10.3% decrease from $27.4 million in H1 2024, primarily due to a 13.5% drop in North American export sales, approximately $3.2 million, highlighting challenges in the global trade environment.
- Cost Control Success: Despite revenue pressures, the company achieved positive operating cash flow of $2.1 million, a significant turnaround from a $0.2 million cash outflow in the same period of 2024, demonstrating success in manufacturing efficiency and cost management.
- Margin Compression: Gross profit margin decreased from 15.4% to 14.3%, reflecting pressures in the overall pricing environment, with net income dropping to $41,000 from $1.1 million in the prior year, indicating challenges to profitability under current market conditions.
- Asset Growth: As of September 30, 2025, total assets reached $31.1 million, a 9.5% increase from $28.4 million on March 31, 2025, with a current ratio of 1.93, indicating the company maintains a solid liquidity position and financial health.
See More
BrilliA Partners with Ai Sakura to Enter Japan's Athleisure Market
- Market Expansion Strategy: BrilliA's subsidiary, Bra Pro Limited, has entered a collaboration with Tokyo-based Ai Sakura to launch high-margin athleisure products in Japan in the second half of 2026, aiming to diversify revenue streams and enhance utilization of existing production capacity through capital-light expansion.
- Innovative Collaboration Model: Under the agreement, Bra Pro will manage sourcing and production using existing manufacturing infrastructure, while Ai Sakura will handle product design and market execution, creating an asset-light structure that minimizes capital expenditure and enhances gross margin contributions.
- Brand Positioning and Market Potential: Japan, as a mature consumer economy with strong purchasing power and growing fitness trends, will enhance BrilliA's exposure in performance apparel, laying the groundwork for potential future expansions into other Asian markets.
- Long-Term Earnings Outlook: BrilliA CEO Kendrew Hartanto noted that this collaboration reflects the company's disciplined growth approach and has the potential to create an additional revenue channel with significant long-term earnings potential.
See More
BrilliA Announces NYSE Bell Ringing Event on August 25th
BrilliA's NYSE Debut: BrilliA Inc successfully rang the opening bell at the NYSE on August 25, 2025, marking its commencement of trading on the NYSE American Stock Exchange, and engaged in positive discussions with investors and media during the event.
Financial Performance and Growth Prospects: For the fiscal year ending March 31, 2025, BrilliA reported a revenue increase to $64.4 million, alongside a production agreement in Cambodia aimed at enhancing market entry and revenue growth, particularly for its proprietary lingerie brand, DIANA, in Southeast Asia.
See More
