Risk of failing to meet store expansion plans and membership targets

「However, if economic conditions change after we decide to open a location, if the environment changes from that assumed in the market research conducted during planning, if franchise owners lose their willingness to open locations, if candidate sites cannot be secured, if the personnel required to open locations cannot be secured, or if our location-development expertise from the three Tokai prefectures of Aichi, Gifu and Mie proves inapplicable, and the number of locations developed or target membership falls short, this could affect our business performance and financial position.」