Risk of Brand Damage from Misconduct at Franchise Locations and Difficulty Maintaining Franchise Agreements
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「However, if either the franchisee or the Group is unable to fulfil its role and the agreement with the franchisee can no longer be maintained, this could affect the Group’s operating results and financial position.」
Continued to disclose the risk that a franchisee or the Group may be unable to fulfil its role, making it difficult to maintain the agreement. - FY2018RestatedAnnual report
「However, if either the franchisee or the Group is unable to fulfil its role and the agreement with the franchisee can no longer be maintained, this could affect the Group’s operating results and financial position.」
Continued to disclose the risk that a franchisee or the Group may be unable to fulfil its role, making it difficult to maintain the agreement. - FY2017RestatedAnnual report
「If either the franchisee or the Group is unable to fulfil its role and the agreement with the franchisee can no longer be maintained, this could affect the Group’s operating results and financial position.」
Continued to disclose the risk of an impact on operating results and financial position if agreements with franchisees become difficult to maintain. - FY2016First statedAnnual report
「If the chain’s overall brand image is damaged by misconduct or other incidents at a funeral hall, this could affect the Company’s operating results and financial position. In addition, the franchise business is a joint operation in which franchisees and the Company perform their respective roles based on an equal partnership and relationship of trust. If either the franchisee or the Company is unable to fulfil its role and the agreement with the franchisee can no longer be maintained, this could also affect the Company’s operating results and financial position.」
Disclosed the risks of brand damage and difficulty maintaining agreements as the franchise network expands.