New Store Opening Costs and Risk of Recovering Deposits
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If an individual store's sales fall below its business plan, or if the continuation of a lease agreement or the recovery of security deposits and other amounts becomes impossible because the lessor becomes insolvent, this could affect the Group's results.」
The risk of recovering investments, security deposits and other amounts related to new store openings continues to be disclosed. - FY2020RestatedAnnual report
「The Group opens stores after determining that these opening costs can be recovered in the future. However, if an individual store's sales fall below its business plan, or if the continuation of a lease agreement or the recovery of security deposits and other amounts becomes impossible because the lessor becomes insolvent, this could affect the Group's results.」
The risk of recovering investments, security deposits and other amounts related to new store openings continues to be disclosed. - FY2018RestatedAnnual report
「The Group opens stores after determining that these opening costs can be recovered in the future. However, if an individual store's sales fall below its business plan, or if the continuation of a lease agreement or the recovery of security deposits and other amounts becomes impossible because the lessor becomes insolvent,」
The risk of recovering investments, security deposits and other amounts related to new store openings continues to be disclosed. - FY2017First statedAnnual report
「The Group opens stores after determining that these opening costs can be recovered in the future. However, if an individual store's sales fall below its business plan, or if the continuation of a lease agreement or the recovery of security deposits and other amounts becomes impossible because the lessor becomes insolvent, this could affect the Group's results.」
The risk that land and building acquisition costs, security deposits, rental deposits and construction cooperation payments incurred when opening new stores cannot be recovered because store sales fall short of plan or the lessor becomes insolvent was disclosed.