Komori
Renaissance (2378) · RiskMitigatedLatest Results (2026-11-10): "Worsened"

Non-recovery of security deposits and guarantee deposits due to the financial deterioration of the lessor

First written in FY2016. 22 of 31 entries say "Worsened", first in FY2017. Latest entry: 2026-11-10.

31entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2021-Q1 – FY2022-Q2WorsenedFY2023-Q1 – FY2025-H12016: 120162017: 320172018: 420182019: 420192020: 420202021: 320212022: 420222023: 220232024: 220242025: 220252026: 22026
Same theme, other companies
Risks related to lessor creditworthiness and lease termination associated with store leasesA theme 79 companies write about · 79 as a headwind · 0 as a tailwind

Renaissance moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).

The whole theme swung hardest in 2026: 12 of 34 companies on the "Worse" side.

11 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 79 companies compared. The sentences above are computed from all 79.
Full recordFilings, disclosures and news, newest first
  1. 2026-11-10WorsenedResults

    「敷金及び保証金 11,938,213 12,448,401」

    敷金及び保証金残高が前年度末の約119億38百万円から約124億48百万円へ増加し、賃貸人の財政悪化時の回収不能リスクに関する残高エクスポージャーが拡大した。
  2. FY2026MitigatedAnnual report

    「The balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥11,938 million at the end of the fiscal year.」

    The balance of security deposits and guarantee deposits decreased from approximately ¥12,317 million at the end of the previous fiscal year to approximately ¥11,938 million. The Company continued to collect information on lessors’ financial conditions through regular meetings.
  3. FY2026-H1WorsenedAnnual report

    「Security deposits and guarantee deposits 12,317,705 12,386,952」

    The balance of security deposits and guarantee deposits increased from approximately ¥12,317 million at the end of the previous fiscal year to approximately ¥12,387 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  4. FY2025MitigatedAnnual report

    「The balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥12,317 million at the end of the fiscal year.」

    The balance of security deposits and guarantee deposits decreased from approximately ¥12,375 million at the end of the previous fiscal year to approximately ¥12,317 million. The Company continued to collect information on lessors’ financial conditions through regular meetings.
  5. FY2025-H1WorsenedAnnual report

    「Security deposits and guarantee deposits 12,374,658 12,473,789」

    The balance of security deposits and guarantee deposits increased from approximately ¥12,375 million at the end of the previous consolidated fiscal year to approximately ¥12,474 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  6. FY2024-Q3WorsenedAnnual report

    「Security deposits and guarantee deposits 8,814,555 9,421,475」

    The balance of security deposits and guarantee deposits increased from approximately ¥8,814 million at the end of the previous fiscal year to approximately ¥9,421 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  7. FY2024-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,814,555 9,166,097」

    The balance of security deposits and guarantee deposits increased from approximately ¥8,814 million at the end of the previous fiscal year to approximately ¥9,166 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  8. FY2023WorsenedAnnual report

    「The balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥8,814 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The balance of security deposits and guarantee deposits exposed to the risk of non-recovery increased. The disclosure also described the collection of information through regular meetings with lessors as a measure.
  9. FY2023-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,458,356 8,814,734」

    The balance of security deposits and guarantee deposits increased from approximately ¥8,814 million at the end of the previous fiscal year to just under ¥8,815 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  10. FY2023-Q1WorsenedAnnual report

    「Security deposits and guarantee deposits 8,458,356 8,475,200」

    The balance of security deposits and guarantee deposits increased from ¥8,458 million at the end of the previous fiscal year to ¥8,475 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  11. FY2022MitigatedAnnual report

    「The balance of security deposits and guarantee deposits paid by the Company to lessors under land and building lease agreements was ¥8,458 million at the end of the fiscal year.」

    The balance of security deposits and guarantee deposits decreased from ¥8,631 million at the end of the previous fiscal year to ¥8,458 million.
  12. FY2022-Q3MitigatedAnnual report

    「Security deposits and guarantee deposits 8,631,463 8,734,679」

    The balance of security deposits and guarantee deposits decreased slightly from just under ¥8,749 million at the end of the previous quarter to just under ¥8,735 million.
  13. FY2022-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,631,463 8,749,886」

    The balance of security deposits and guarantee deposits increased from ¥8,631 million at the end of the previous fiscal year to just under ¥8,750 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  14. FY2022-Q1WorsenedAnnual report

    「Security deposits and guarantee deposits 8,631,463 8,658,174」

    The balance of security deposits and guarantee deposits increased from ¥8,631 million at the end of the previous fiscal year to ¥8,658 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  15. FY2021WorsenedAnnual report

    「The balance of security deposits and guarantee deposits paid by the Company to lessors under land and building lease agreements was ¥8,631 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The balance of security deposits and guarantee deposits increased from ¥8,389 million at the end of the previous fiscal year to ¥8,631 million, increasing exposure to the risk of non-recovery.
  16. FY2021-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,389,351 8,703,215」

    The balance of security deposits and guarantee deposits increased from ¥8,389 million at the end of the previous fiscal year to ¥8,703 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  17. FY2021-Q1WorsenedAnnual report

    「Security deposits and guarantee deposits 8,389,351 8,408,065」

    The balance of security deposits and guarantee deposits increased from ¥8,389 million at the end of the previous fiscal year to ¥8,408 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  18. FY2020MitigatedAnnual report

    「The balance of security deposits and guarantee deposits paid by the Company to lessors under land and building lease agreements was ¥8,389 million at the end of the fiscal year.」

    The balance of security deposits and guarantee deposits decreased from ¥8,478 million at the end of the previous fiscal year to ¥8,389 million, reducing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  19. FY2020-Q3MitigatedAnnual report

    「Security deposits and guarantee deposits 8,478,175 8,477,873」

    The balance of security deposits and guarantee deposits decreased slightly from ¥848.7984 million at the end of the previous quarter to ¥847.7873 million, slightly reducing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  20. FY2020-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,478,175 8,487,984」

    The balance of security deposits and guarantee deposits increased from ¥847.8175 million at the end of the previous fiscal year to ¥848.7984 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  21. FY2020-Q1WorsenedAnnual report

    「Security deposits and guarantee deposits 8,478,175 8,519,247」

    The balance of security deposits and guarantee deposits increased from ¥847.818 million at the end of the previous fiscal year to ¥851.925 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  22. FY2019WorsenedAnnual report

    「As of the end of March 2019, the balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥8,478 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The balance of security deposits and guarantee deposits increased from ¥8,400 million at the end of the previous fiscal year to ¥8,478 million, increasing the balance exposed to the risk of non-recovery.
  23. FY2019-Q3WorsenedAnnual report

    「Security deposits and guarantee deposits 8,400,058 8,435,004」

    The balance of security deposits and guarantee deposits increased from ¥8,401 million at the end of the previous consolidated fiscal year to ¥8,435 million, increasing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  24. FY2019-Q2MitigatedAnnual report

    「Security deposits and guarantee deposits 8,400,058 8,308,198」

    The balance of security deposits and guarantee deposits decreased from ¥8,401 million at the end of the previous fiscal year to ¥8,308 million, reducing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  25. FY2019-Q1MitigatedAnnual report

    「Security deposits and guarantee deposits 8,400,058 8,371,664」

    The balance of security deposits and guarantee deposits decreased from ¥8,401 million at the end of the previous fiscal year to ¥8,372 million, reducing exposure to the risk of non-recovery if a lessor’s financial condition deteriorates.
  26. FY2018WorsenedAnnual report

    「As of the end of March 2018, the balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥8,400 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The balance of security deposits and guarantee deposits increased from ¥8,303 million at the end of the previous fiscal year to ¥8,400 million, increasing exposure to the risk of non-recovery.
  27. FY2018-Q3WorsenedAnnual report

    「Security deposits and guarantee deposits 8,303,384 8,439,827」

    The balance of security deposits and guarantee deposits increased from ¥8,303 million at the end of the previous fiscal year to ¥8,440 million at the end of the third quarter.
  28. FY2018-Q2WorsenedAnnual report

    「Security deposits and guarantee deposits 8,303,384 8,460,069」

    The balance of security deposits and guarantee deposits increased from ¥8,303 million at the end of the previous fiscal year to ¥8,460 million at the end of the quarter.
  29. FY2018-Q1WorsenedAnnual report

    「Security deposits and guarantee deposits 8,303,384 8,420,750」

    The balance of security deposits and guarantee deposits increased from ¥8,303 million at the end of the previous fiscal year to ¥8,421 million at the end of the quarter.
  30. FY2017WorsenedAnnual report

    「As of the end of March 2017, the balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥8,303 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The balance of security deposits and guarantee deposits increased from ¥8,174 million in the previous fiscal year to ¥8,303 million.
  31. FY2016First statedAnnual report

    「As of the end of March 2016, the balance of security deposits and guarantee deposits paid to lessors under land and building lease agreements was ¥8,174 million at the end of the fiscal year. If a lessor’s financial condition deteriorates and the deposits become unrecoverable, a bad debt loss may arise to the extent that the amount cannot be offset against rent.」

    The disclosure indicates the risk of non-recovery of the substantial security deposits and guarantee deposits due to the lessors’ credit conditions.
Moved together

"Impact of Increased Borrowings and Rising Market Interest Rates" moved the same way as this thread, in the same document, in 17 of its 31 moves.

1711111198★123456
  1. ★This thread
  2. 1Impact of Increased Borrowings and Rising Market Interest Rates17×
  3. 2Strengthening Profitability of the Sports Club Business11×
  4. 3Risk of deviations from plans for new store openings and opening costs11×
  5. 4Foreign Exchange Fluctuation Risk Associated with Overseas Expansion11×
  6. 5Dependence on Membership Fee Revenue and Risk of Increased Cancellations9×
  7. 6Adding New Growth Pillars8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Renaissance's next results are scheduled for 2026-11-10. Read the earnings preview It last moved in the Results of 2026-11-10: "Worsened".
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