Risk of Store Closures Due to Failure to Meet Store-Opening Plans and Commercial Facility Factors
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If the acquisition of franchisees or the opening of company-operated stores does not proceed as planned, this may have a material effect on the Group's operating performance and financial condition.」
The risks of falling short of plans to acquire franchisees or open company-operated stores, deteriorating store profitability, and store closures due to commercial facility factors continue. - FY2020RestatedAnnual report
「If the acquisition of franchisees or the opening of company-operated stores does not proceed as planned, this may have a material effect on the Group's operating performance and financial condition.」
The risks of falling short of plans to acquire franchisees or open company-operated stores, deteriorating store profitability, and store closures due to commercial facility factors continue. - FY2018RestatedAnnual report
「The Group's stores may be located on roadside sites, in shopping centers, station buildings, fashion buildings and department stores. If a store's operating performance deteriorates, or if the operator of a commercial facility decides to close the entire facility or replace tenants, the Group may be forced to close the store. In addition, if the acquisition of franchisees or the opening of company-operated stores does not proceed as planned, this may have a material effect on the Group's operating performance and financial condition.」
The risks associated with deteriorating profitability, commercial facility factors, and shortfalls in plans to acquire franchisees or open company-operated stores continue to be disclosed. - FY2017First statedAnnual report
「If a store's operating performance deteriorates, or if the operator of a commercial facility decides to close the entire facility or replace tenants, the Group may be forced to close the store. In addition, if the acquisition of franchisees or the opening of company-operated stores does not proceed as planned, this may have a material effect on the Group's operating performance and financial condition.」
The company identifies deteriorating store profitability, commercial facility closures and tenant replacements, and shortfalls in plans to acquire franchisees or open company-operated stores as risks related to its store-opening policy.