Renewal and Continuation of KFC and Pizza Hut Franchise Agreements
First written in FY2024. 1 of 3 entries say "Reframed", first in FY2025-H1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The agreement was renewed from an OFA (Outlet Franchise Agreement) to an IFA (International Franchise Agreement). The agreement term is 5 years from the renewal date.」
The KFC franchise agreement continues under the terms renewed from an OFA to an IFA, with a 5-year term after renewal. - FY2025-H1ReframedAnnual report
「In the food-service business, although the company withdrew from operating PH (Pizza Hut) stores, revenue increased 3.3% year on year as a result of opening new KFC (Kentucky Fried Chicken) stores in the previous fiscal year and higher selling prices.」
Where the previous fiscal year's disclosure described the renewal and continuation of the KFC and Pizza Hut franchise agreements, the current disclosure explicitly states that the company withdrew from operating Pizza Hut stores, indicating a change in the operating structure of the food service business. - FY2024First statedAnnual report
「The agreement was renewed from an OFA (Outlet Franchise Agreement) to an IFA (International Franchise Agreement). The agreement term is 5 years from the renewal date.」
For the KFC business, the agreement was renewed from an OFA to an IFA, with a 5-year term after renewal. For Pizza Hut, a sub-franchise agreement was entered into in accordance with the IFA provisions, with a 10-year license term.