Risks of Security Deposit Recovery, Lease Renewals and Store Opening Delays Associated with Hall Leasing
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 6 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Group enters into fixed-term land leases ranging from 20 to 38 years. If it cannot continue leasing the relevant funeral hall after the lease term expires, this could affect the Group’s operating results and financial position.」
Continued to disclose the risks involving the return of security deposits, the inability to continue leasing after the expiry of a fixed-term land lease, and delays in opening or renovating outlets. - FY2018RestatedAnnual report
「The Group enters into fixed-term land leases ranging from 20 to 38 years. If it cannot continue leasing the relevant funeral hall after the lease term expires, this could affect the Group’s operating results and financial position.」
Continued to disclose the risks involving the return of security deposits, fixed-term land leases of 20 to 38 years, the inability to continue leasing after the contract expires, and delays in opening or renovating outlets. - FY2017RestatedAnnual report
「The Group enters into fixed-term land leases ranging from 20 to 38 years. If it cannot continue leasing the relevant funeral hall after the lease term expires, this could affect the Group’s operating results and financial position.」
Continued to disclose the risks involving the return of security deposits, fixed-term land leases of 20 to 38 years, and the inability to continue leasing after the contract expires. - FY2016First statedAnnual report
「The Company enters into fixed-term land leases ranging from 20 to 38 years. If it cannot continue leasing the relevant funeral hall after the lease term expires, this could affect the Company’s operating results.」
Disclosed the inability to recover security deposits and other amounts, inability to continue leasing after the expiry of a fixed-term land lease, and delays in opening outlets because desired terms cannot be agreed, as a series of lease-related risks.