Brand and receivables collection risks arising from misconduct or financial condition at franchise stores
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 3 of 11 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Misconduct or other problems at franchise stores could undermine customers' trust in company-operated stores and other franchise stores, reducing customer numbers across all of the Group's stores. In addition, receivables such as franchise fees and loans may become uncollectible depending on the financial condition or other circumstances of franchisees.」
The Group has restated the impact of misconduct at franchise stores on the brand and customer numbers, and the risk that franchise fees, loans, and other receivables may become uncollectible. - FY2022RestatedAnnual report
「Misconduct or other problems at franchise stores could undermine customers' trust in company-operated stores and other franchise stores, reducing customer numbers across all of the Group's stores. In addition, receivables such as franchise fees and loans may become uncollectible depending on the financial condition or other circumstances of franchisees.」
The Group has restated the impact of misconduct at franchise stores on the brand and customer numbers, and the risk that franchise fees, loans, and other receivables may become uncollectible. - FY2018RestatedAnnual report
「The Group authorizes franchise stores to operate under the Gokurakuyu brand by entering into franchise agreements with them. However, misconduct or other problems at a franchise store could undermine customers' trust in company-operated stores and other franchise stores, reducing customer numbers across all of the Group's stores. In addition, receivables arising from various transactions may become uncollectible depending on the financial condition or other circumstances of franchisees.」
The Group has restated the risks of brand damage caused by misconduct at franchise stores and uncollectible receivables resulting from franchisees' financial condition. - FY2017RestatedAnnual report
「The Group authorizes franchise stores to operate under the Gokurakuyu brand by entering into franchise agreements with them. However, misconduct or other problems at a franchise store could undermine customers' trust in company-operated stores and other franchise stores, reducing customer numbers across all of the Group's stores.」
The Group has restated the risks of brand damage caused by misconduct at franchise stores and uncollectible receivables resulting from franchisees' financial condition. - FY2016First statedAnnual report
「Misconduct or other problems at franchise stores could undermine customers' trust in company-operated stores and other franchise stores, reducing customer numbers across all of the Company's stores. In addition, receivables arising from various transactions may become uncollectible depending on the financial condition of franchisees.」
Risks of brand damage and counterparty credit associated with the expansion of the franchise network.