Collection risk on amounts due from lessors, parent stores and franchisees
First written in FY2016. 13 of 16 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 1 of 11 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Results by business were as follows: sales at directly operated stores were ¥39,043 million, representing 87.3% of total sales and 103.4% of the prior-year period; wholesale sales to franchise stores were ¥4,904 million, representing 11.0% and 103.4%, respectively; and other sales were ¥796 million, representing 1.8% and 92.3%, respectively.」
Wholesale sales to franchise stores accounted for 11.0% of sales, continuing to indicate a sales structure based on franchisees and the associated receivables-collection risk. - FY2026RestatedAnnual report
「Sales by business were ¥76.059 billion from company-operated stores (87.4% of total), ¥9.424 billion in wholesale sales to franchise stores (10.8%), and ¥1.574 billion in other sales (1.8%).」
Wholesale sales to franchise stores accounted for 10.8% of total sales, continuing to indicate the sales structure through franchisees and the associated accounts receivable collection risk. - FY2026-H1RestatedAnnual report
「Sales by business were ¥37.766 billion from company-operated stores (87.1% of total), ¥4.743 billion in wholesale sales to franchise stores (10.9%), and ¥862 million in other sales (2.0%).」
Wholesale sales to franchise stores accounted for 10.9% of total sales, continuing to indicate the sales structure through franchisees and the associated accounts receivable collection risk. - FY2024-Q2RestatedAnnual report
「Wholesale sales to franchise stores: ¥2.348 billion (11.2% of total sales, 99.4% year on year)」
Wholesale sales to franchise stores accounted for 11.2% of total sales, with the sales structure through franchisees and the associated accounts receivable collection risk continuing. - FY2023-Q4RestatedAnnual report
「Sales by business were ¥51.938 billion from company-operated stores (87.1% of total), ¥6.864 billion in wholesale sales to franchise stores (11.5%), and ¥857 million in other sales (1.4%).」
Wholesale sales to franchise stores accounted for 11.5% of total sales, with the sales structure through franchisees and the associated accounts receivable collection risk continuing. - FY2023-Q2RestatedAnnual report
「Sales by business were ¥17.265 billion from company-operated stores (86.6% of total), ¥2.362 billion in wholesale sales to franchise stores (11.9%), and ¥302 million in other sales (1.5%).」
Wholesale sales to franchise stores accounted for 11.9% of total sales, with the sales structure through franchisees and the associated accounts receivable collection risk continuing. - FY2023RestatedAnnual report
「Operating results by business were as follows: sales at company-operated stores of ¥80,867 million (86.8% of total sales), wholesale sales to franchised stores of ¥11,022 million (11.8%), and other sales of ¥1,261 million (1.4%).」
The company continues to disclose a business structure in which wholesale sales to franchised stores account for 11.8% of sales. Safeguards for receivables include daily remittances, deposits for orders, credit management and allowances for doubtful accounts. - FY2022-Q3RestatedAnnual report
「Operating results by business were as follows: sales at company-operated stores of ¥47,692 million (86.8% of total sales), wholesale sales to franchised stores of ¥6,623 million (12.0%), and other sales of ¥668 million (1.2%).」
Wholesale sales to franchised stores accounted for 12.0% of sales, and the sales structure through franchisees and the associated receivables-collection risk remain in place. - FY2021-Q3RestatedAnnual report
「Operating results by business were as follows: sales at company-operated stores of ¥47,378 million (85.9% of total sales, 99.3% year on year), wholesale sales to franchised stores of ¥6,977 million (12.7%, 105.6% year on year), and other sales of ¥764 million (1.4%, 104.7% year on year).」
Wholesale sales to franchised stores accounted for 12.7% of sales, and the sales structure through franchisees and the associated receivables-collection risk remain in place. - FY2021-Q2RestatedAnnual report
「Operating results by business were as follows: sales at company-operated stores of ¥32,048 million (85.8% of total sales, 99.8% year on year), wholesale sales to franchised stores of ¥4,762 million (12.8%, 108.5% year on year), and other sales of ¥541 million (1.5%, 149.5% year on year).」
Wholesale sales to franchised stores accounted for 12.8% of sales, and the sales structure through franchisees and the associated receivables-collection risk remain in place. - FY2020MitigatedAnnual report
「Trade receivables arise from franchisees. The company protects its receivables by requiring franchisees to deposit the sales proceeds from franchised stores into the company’s bank account daily or by holding deposits for orders, among other measures. The company manages credit risk for these receivables and records an allowance for doubtful accounts in accordance with accounting standards.」
The company continues to safeguard receivables from franchisees and other parties through daily remittances, deposits for orders, credit management and allowances for doubtful accounts. - FY2020-Q3RestatedAnnual report
「Operating results by business were as follows: sales at company-operated stores of ¥47,730 million (86.7% of total sales, 101.3% year on year), wholesale sales to franchised stores of ¥6,511 million (11.8%, 117.6% year on year), and other sales of ¥826 million (1.5%, 121.9% year on year).」
Wholesale sales to franchised stores accounted for 11.8% of sales, indicating the continued sales structure through the franchised-store business. - FY2020-Q1RestatedAnnual report
「Wholesale sales to franchised stores: ¥1,984 million (10.6% of total sales, 113.4% year on year)」
Wholesale sales to franchised stores accounted for 10.6% of sales, continuing to indicate a certain degree of dependence on the franchised-store business. - FY2019-Q3RestatedAnnual report
「Wholesale sales to franchised stores: ¥5,535 million (10.4% of total sales, 103.3% year on year)」
Wholesale sales to franchised stores accounted for 10.4% of sales, continuing to indicate that approximately 10% of sales depend on the franchised-store business. - FY2017MitigatedAnnual report
「Trade receivables arise from franchisees. The company protects its receivables by requiring franchisees to deposit the sales proceeds of franchised stores into the company’s bank account daily or by holding deposits for orders, among other measures.」
With respect to the risk of collecting receivables from franchisees and other parties, the company specifies safeguards including daily remittances and deposits for orders. - FY2016First statedAnnual report
「The company’s receivables may become uncollectible due to the counterparty’s bankruptcy or other factors, potentially affecting performance.」
The company discloses the risk that security deposits, guarantee deposits, funds deposited with anchor stores and trade receivables from franchisees may become uncollectible due to the counterparty’s bankruptcy or other factors.