Dependence on Franchise Stores and Risk of Contract Termination
First written in FY2017. 1 of 25 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2027-H1Update to 108 franchise stores and 38 overseas agent-operated storesAnnual report
「There were 108 franchise stores, including 38 operated by overseas agents, and 153 directly operated stores, including 4 overseas stores, for a total of 261 stores.」
At the end of the interim period, there were 108 franchise stores, of which 38 were operated by overseas agents. The risks arising from dependence on franchisees and contract cancellations continue to affect business performance and financial condition. - FY2026Updated to 112 franchise stores and 37 overseas agency storesAnnual report
「As of the end of the consolidated fiscal year, the Group operates a franchise business that sells socks, stockings and tights at 154 company-operated stores and wholesales these products to 112 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements, as well as to overseas agents.」
The number of franchise chain stores was 112 at fiscal year-end, including 37 stores operated by overseas agents, according to the disclosure. Disclosures regarding dependence on franchisees and the risk of contract termination continue. - FY2026-H1Updated to 117 franchise locationsAnnual report
「The total was 269 locations: 117 franchise chain stores, including 35 stores operated by overseas agents, and 152 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores was 117 at the end of the interim period, including 35 stores operated by overseas agents. Dependence on franchisees and the risk of contract termination due to changes in the environment surrounding franchise locations or deterioration in franchisees' financial condition continue. - FY2025Updated to 119 franchise locationsAnnual report
「The company operates a franchise business that wholesales these products to 119 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements, as well as to overseas agents.」
The number of franchise chain stores was 119 at fiscal year-end, including 35 stores operated by overseas agents. Franchise locations account for a large proportion of the network, and disclosures regarding the risk of contract termination due to changes in the surrounding environment or deterioration in franchisees' financial condition continue. - FY2025-H1Updated to 116 franchise locationsAnnual report
「The total was 270 locations: 116 franchise chain stores, including 30 stores operated by overseas agents, and 154 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores was 116 at the end of the interim period, including 30 stores operated by overseas agents. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2025-Q1Updated to 117 franchise locationsAnnual report
「The total was 271 locations: 117 franchise chain stores, including 30 stores operated by overseas agents, and 154 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores was 117 at the end of the first quarter, including 30 stores operated by overseas agents, according to the disclosure. Dependence on franchisees and the risk of contract termination due to changes in the environment surrounding franchise locations or deterioration in franchisees' financial condition continue. - FY2024Updated to 117 franchise locationsAnnual report
「As of the end of the consolidated fiscal year, the Group operates a franchise business that sells socks, stockings and tights at 154 company-operated stores and wholesales these products to 117 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements, as well as to overseas agents.」
The number of franchise chain stores was 117 at fiscal year-end, including 30 stores operated by overseas agents. Disclosures regarding dependence on franchisees and the risk of contract termination continue. - FY2024-Q3Updated to 115 franchise locationsAnnual report
「The total was 275 locations: 115 franchise chain stores, including 29 stores operated by overseas agents, and 160 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores was 115 at the end of the third quarter, including 29 stores operated by overseas agents, according to the disclosure. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2024-Q2Updated to 112 franchise locationsAnnual report
「The total was 272 locations: 112 franchise chain stores, including 27 stores operated by overseas agents, and 160 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores was 112 at the end of the second quarter, including 27 stores operated by overseas agents, according to the disclosure. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2024-Q1Updated to 112 franchise locationsAnnual report
「The total was 274 locations: 112 franchise chain stores, including 27 stores operated by overseas agents, and 162 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores increased to 112 at the end of the first quarter, including 27 stores operated by overseas agents, according to the disclosure. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2023Updated to 114 franchise locationsAnnual report
「As of the end of the consolidated fiscal year, the Group operates a franchise business that sells socks, stockings and tights at 159 company-operated stores and wholesales these products to 114 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements.」
The number of franchise locations was 114 at fiscal year-end. Franchise locations account for a large proportion of the network, and the risk of contract termination due to changes in the surrounding environment or deterioration in franchisees' financial condition continues. - FY2023-Q3Updated to 115 franchise locationsAnnual report
「The total was 279 locations: 115 franchise chain stores, including 27 stores operated by overseas agents, and 164 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores increased to 115 at the end of the third quarter, including 27 stores operated by overseas agents, according to the disclosure. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2023-Q2Updated to 114 franchise locationsAnnual report
「The total was 278 locations: 114 franchise chain stores, including 26 stores operated by overseas agents, and 164 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores increased to 114 at the end of the second quarter, including 26 stores operated by overseas agents, according to the disclosure. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2023-Q1Updated to 113 franchise locationsAnnual report
「The total was 280 locations: 113 franchise chain stores, including 24 stores operated by overseas agents, and 167 company-operated stores, including 4 overseas stores.」
The number of franchise chain stores increased to 113 at the end of the first quarter from 111 at the end of the previous fiscal year. The risk that dependence on franchisees and contract terminations may affect operating performance and financial condition continues. - FY2022Updated to 111 franchise locationsAnnual report
「As of the end of the consolidated fiscal year, the Group operates a franchise business that sells socks, stockings and tights at 166 company-operated stores and wholesales these products to 111 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements.」
The number of franchise locations increased from 96 to 111 at fiscal year-end. Franchise locations account for a large proportion of the network, and disclosures regarding the risk of contract termination due to changes in the surrounding environment or deterioration in franchisees' financial condition continue. - FY2022-Q3Updated to 114 franchise locationsAnnual report
「The total was 280 locations: 114 franchise chain stores, including 24 stores operated by overseas agents, and 166 company-operated stores, including 4 overseas stores.」
The company disclosed 114 franchise chain stores at the end of the third quarter, including 24 stores operated by overseas agents. Dependence on franchisees and the risk of contract termination continue. - FY2022-Q2Updated to 102 franchise locationsAnnual report
「102 franchise chain stores, including 13 stores operated by overseas agents」
The company disclosed 102 franchise chain stores at the end of the second quarter, including 13 stores operated by overseas agents. Dependence on franchisees and the risk of contract termination continue. - FY2022-Q1Updated to 98 franchise locationsAnnual report
「98 franchise chain stores, including 10 stores operated by overseas agents」
The company disclosed 98 franchise chain stores at the end of the first quarter, including 10 stores operated by overseas agents. Dependence on franchisees and the risk of contract termination continue. - FY2021Updated to 96 franchise locationsAnnual report
「As of the end of the consolidated fiscal year, the company operates a franchise business that sells socks, stockings and tights at 177 company-operated stores and wholesales these products to 96 “Kutsushitaya” (sock shop) franchise locations with which it has franchise agreements.」
The number of franchise locations was 96 at fiscal year-end. Franchise locations account for a large proportion of the network, and the risk of contract termination due to changes in the surrounding environment or deterioration in franchisees' financial condition continues. - FY2021-Q3Updated to 89 franchise locationsAnnual report
「The total was 270 locations: 89 franchise chain stores and 181 company-operated stores, including 5 overseas stores.」
The number of franchise locations was 89 at the end of the third quarter. Dependence on franchisees and the risk of contract termination due to changes in the environment surrounding franchise locations or deterioration in franchisees' financial condition continue. - FY2021-Q2Updated to 90 franchise storesAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the group operated 180 company-owned stores selling socks, stockings, and tights, as well as a franchise business wholesaling these products to 90 "Kutsushitaya" franchise stores that have entered into franchise agreements with the company.」
The number of franchise stores at the end of the second quarter was disclosed as 90. The disclosure continues to identify the risk that contract terminations due to changes in the environment surrounding franchise stores or deterioration in franchisees' financial condition could affect business results and financial condition. - FY2020Updated to 92 franchise storesAnnual report
「As of the end of the current consolidated fiscal year, the group operated 181 company-owned stores selling socks, stockings, and tights, as well as a franchise business wholesaling these products to 92 "Kutsushitaya" franchise stores that have entered into franchise agreements with the company. Because these franchise stores account for a large proportion of all stores, if changes in the environment surrounding a franchise store or deterioration in a franchisee's financial condition creates a situation in which the agreement must be terminated, the group's business results and financial condition may be affected.」
The number of franchise stores increased from 90 at the end of the previous fiscal year to 92, but the disclosure continues to identify the risk that the large proportion of franchise stores and any resulting contract terminations could affect business results and financial condition. - FY2019Updated to 90 franchise storesAnnual report
「As of the end of the current consolidated fiscal year, the group operated 176 company-owned stores selling socks, stockings, and tights, as well as a franchise business wholesaling these products to 90 "Kutsushitaya" franchise stores that have entered into franchise agreements with the company. Because these franchise stores account for a large proportion of all stores, if changes in the environment surrounding a franchise store or deterioration in a franchisee's financial condition creates a situation in which the agreement must be terminated, the group's business results and financial condition may be affected.」
The number of franchise stores fell from 98 to 90, but the disclosure continues to identify the risk that the large proportion of franchise stores and any resulting contract terminations could affect business results and financial condition. - FY2018RestatedAnnual report
「As of the end of the current consolidated fiscal year, the group operated 177 company-owned stores selling socks, stockings, and tights, as well as a franchise business wholesaling these products to 98 "Kutsushitaya" franchise stores that have entered into franchise agreements with the company. Because these franchise stores account for a large proportion of all stores, if changes in the environment surrounding a franchise store or deterioration in a franchisee's financial condition creates a situation in which the agreement must be terminated, the group's business results and financial condition may be affected.」
The number of franchise stores fell from 101 to 98, but the disclosure continues to identify the risk that the large proportion of franchise stores and any resulting contract terminations could affect business results and financial condition. - FY2017First statedAnnual report
「As of the end of the current consolidated fiscal year, the group operated 183 company-owned stores selling socks, stockings, and tights, as well as a franchise business wholesaling these products to 101 "Kutsushitaya" franchise stores that have entered into franchise agreements with the company. Because these franchise stores account for a large proportion of all stores, if changes in the environment surrounding a franchise store or deterioration in a franchisee's financial condition creates a situation in which the agreement must be terminated, the group's business results and financial condition may be affected.」
The company disclosed the risk that, with 101 franchise stores, termination of agreements due to changes in the environment surrounding franchise stores or deterioration in franchisees' financial condition could affect business results and financial condition.